Applied Blockchain, Inc. Completes Name Change as It Prepares to Pursue Uplisting to Major Exchange | State

DALLAS, June 18, 2021 /PRNewswire/ — Utilized Blockchain, Inc. (“Utilized Blockchain” or the “Firm”) (PINK: APLD), at this time introduced the completion of its company title change from Utilized Science Merchandise, Inc. efficient June 16, 2021 and started the method of submitting its preliminary utility to OTC Markets Group to uplist its widespread inventory from the OTC Pink Market to the OTCQB Enterprise Market. The Firm’s buying and selling image will stay “APLD.”

As well as, the Firm additionally introduced that it has engaged a PCAOB licensed nationwide accounting and advisory companies agency to offer audit companies associated to the Firm’s monetary statements for the fiscal years ended Might 31, 2020 and 2021.

“Establishing buying and selling on the OTCQB will enhance our visibility inside the funding neighborhood, enhance liquidity in our inventory and supply us with elevated alternatives to showcase our accomplishments to a broader viewers,” stated Utilized Blockchain, Inc.’s CEO and Chairman Wes Cummins. “Firms that commerce on the OTCQB should meet excessive requirements for monetary disclosure, compliance with securities legal guidelines and company governance. We’re dedicated to assembly these requirements and offering transparency for shareholders and potential traders. It is a essential step for our firm as we transfer ahead with our development agenda and finally pursue a list on a serious alternate later this yr.”

Discover the most recent video message from CEO and Chairman Wes Cummins at https://appliedblockchaininc.com/events-presentations/

Observe us on Twitter at @APLDBlockchain.

About Utilized Blockchain

Utilized Blockchain, Inc. is an Ethereum-focused firm that’s looking for to shortly scale a big Ethereum/Altcoin mining operation by strategic partnerships with two of the world’s largest and most skilled Ethereum corporations.

www.appliedblockchaininc.com  

Ahead-Trying Statements

This launch comprises “forward-looking statements” as outlined within the Personal Securities Litigation Reform Act of 1995 concerning, amongst different issues, future working and monetary efficiency, product growth, market place, enterprise technique and aims. These statements use phrases, and variations of phrases, equivalent to “proceed,” “construct,” “future,” “enhance,” “drive,” “consider,” “look,” “forward,” “assured,” “ship,” “outlook,” “anticipate,” and “predict.” Different examples of forward-looking statements could embody, however usually are not restricted to, (i) statements of Firm plans and aims, together with our evolving enterprise mannequin, or estimates or predictions of actions by suppliers, (ii) statements of future financial efficiency, and (iii) statements of assumptions underlying different statements and statements concerning the Firm or its enterprise. You’re cautioned to not depend on these forward-looking statements. These statements are primarily based on present expectations of future occasions and thus are inherently topic to uncertainty. If underlying assumptions show inaccurate or recognized or unknown dangers or uncertainties materialize, precise outcomes might range materially from the Firm’s expectations and projections. These dangers, uncertainties, and different components embody: decline in demand for our services and products; the volatility of the crypto asset business; the shortcoming to adjust to developments and modifications in regulation; money circulate and entry to capital; and upkeep of third get together relationships. Info on this launch is as of the dates and time durations indicated herein, and the Firm doesn’t undertake to replace any of the knowledge contained in these supplies, besides as required by regulation.

Investor Relations Contacts

Brett Maas • Managing Accomplice, Hayden IR

brett@haydenir.com • (646) 536-7331

Wes Cummins • Chief Government Officer, Utilized Blockchain

(214) 427-1704

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SOURCE Utilized Blockchain, Inc.