Black Cactus Global Secures $3.6 million Funding for ‘Fintech Valley’, India Blockchain Development Center. Plans for Second Development Center
LAS VEGAS, June 26, 2018 (GLOBE NEWSWIRE) -- Black Cactus Global (OTC:BLGI) (the “Company”) is pleased to announce that the Company has secured up to 3.6 million USD in funding for its India based Blockchain development subsidiary, Black Cactus Global Technologies Pvt. Limited (“BCG-TPL).
The financing fully funds the Company’s BCG-TPL operations from June 1st, 2018 to May 31st, 2019.. The capital has been sourced internally from the Board of Director’s.
The Company’s BCG-TPL Blockchain team has been achieving significant milestones at its Development Center in the burgeoning ‘Fintech Valley’ of Visakhapatnam (‘Vizag’) India. The state-of-the-art Vizag Development Center is expected to be fully staffed by mid to late summer to accommodate projected new business, and the Company is planning to develop a second Operations Center in 2019 at the Tech-hub of Hyderabad, India. Hyderabad is known as the HITEC City and is home to major technology development centers for Microsoft, Apple, Google, Oracle, JP Morgan, Facebook and many others.
Chairman Harp Sangha commented, “We are extremely grateful to the Board for both this financial backing and the vision for aggressive growth of the Company. Our management, design team and Development Center are all world class and will enable us to deliver Blockchain-based technology platforms and services around the globe. Our planned operation in Hyderabad will put us right in the heart of cyber-central and will provide a powerful opportunity to add to our relationships and build our brand as the leader in Blockchain Technology.”
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Investor Relations:
Company Contact: Louis Silver
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