President and CEO Chris Backus Outlines Company Strategy for Long Term Growth and Highlights Current Progress

VANCOUVER, BC / ACCESSWIRE / December 19, 2019 / Weekend Unlimited Inc. ("Weekend" or the "Company") (CSE:POT)(FSE:0OS1)(OTCQB:WKULF)) President and CEO Mr. Chris Backus provides shareholders with an important update.

Dear Weekend Unlimited Shareholder:

The purpose of this letter is to provide shareholders with a thorough understanding of the Company's operations, and the progress we are building upon as we advance into the new year. After a year of significant change, the Company is in position to take advantage of multiple opportunities for revenue generation as we transition into 2020.

Establishing the Conditions for Sustainable Growth

Since the spring of 2019 when I stepped into the role of President and CEO, I have been clear in all my communications to shareholders that the focus would be on revenue generation that is sustainable and that provides significant upside. With this goal in mind it was critical to create and advance assets that had capability to produce significant value for shareholders, and transition away from assets that did not.

In that effort I have taken decisive action to restructure our management team with talented people in total alignment with our strategy, streamline and reduce operating costs, establish a long-term branded product development process, and recover shares from assets that did not align with our future vision, to name a few. Refocusing the Company has required considerable determination and effort in the face of an ever changing and challenging market conditions in this sector.

As such, I would sincerely like to extend my utmost gratitude to our shareholders for their patience and loyalty along the way. As we move forward into 2020 we have functioning assets in place to make next year a breakthrough year in revenue growth for Weekend Unlimited. The following is a summation of our current operational assets and strategies that will pave the way to our successful growth in 2020.

Focal Points for Advancement

A) BRANDED PRODUCT GROWTH IN USA

In the US, Weekend Unlimited's progress is squarely centred upon the development and sales of branded products in multiple states. The strategy is aimed at establishing national brands, utilizing a strong network of licenced producers and sales experts, while developing efficient distribution capacity in each region. We have engineered our operations to maximize opportunity by creating an agile and dynamic platform that was initially rolled out in Washington state and most recently replicated in Oklahoma.

It is critical to realize that the US cannabis industry is a rapidly evolving environment. Each state requires dynamic operational frameworks, consumer analysis, and adherence to legislative/regulatory frameworks. Through the experiences and lessons learned in Washington and Oklahoma, we have developed a process that will allow for future expansion into other states moving into 2020 and beyond. We believe this is the best strategy for long-term growth and brand penetration across the US.

Within a six-month time frame our team has created, developed, and launched our WKND! flagship and Orchard Heights branded product lines. This includes a highly diverse and rich mixture of flower, vapes, pre-roll, and edible branded products. These lifestyle brands, the WKND! flagship brand at the more premium end of the market, and the Orchard Heights brand holding a mid-market position, are the first in a set of brands designed to target the multiple demographic profiles that make up the full spectrum of cannabis consumers in the US. Having progressed through research, design, and production stages we are now fully operational, with sales launched and products being sold in stores in both Washington and Oklahoma.

Being our first state to launch, Weekend Washington had a disciplined "crawl-walk-run" focus on a first phase of growth with the objective of selling into 18 retail stores. In doing so, all aspects of the supply chain, distribution, and customer relationship management was successfully optimized to serve these first 18 stores. As we move into the new year we will expand into phase 2, which is taking on an additional 32 stores. Recent sales meetings have taken place with dozens of new potential stores over the past weeks to showcase our branded products, including our participation at the MJ Interchange Event which brought together the top retailers and brands in the State.

B) ONLINE CBD SHOP

With the passage of the US Farm Bill, we believe it is essential to tap into the incredible opportunity presented with on-line CBD sales in the United States. As such our team researched sales analytics from across the country to formulate the WKND! Wellness CBD branded product line. These products are presently available for purchase at our on-line store at www.wkndwellness.com. Bringing this asset to fruition required creating product formulation, design rendering, payment processing and banking all in a very short period of time with very strict regulatory requirements.

This was not an asset in existence or even under consideration six months prior, so I am very proud of my team for their dedication and hard work to bring this to fruition in such a short period of time.

The store is in early stages and we are focused on developing the most effective online marketing programs, using multiple levers, to generate a growing and dependable revenue line item in addition to increasing brand value overall with exposure and reach. At the present time we are fine tuning our advertising campaigns to ensure maximum return on investment and sales conversions.

C) NORTHERN LIGHTS ORGANICS – CANADIAN REVENUE GENERATOR

Northern Lights Organics farm in Fort St. James British Columbia is our pristine Canadian asset focusing on the cultivation of certified organic hemp for production of organic CBD. Recently, Northern Lights Organics announced significant milestones having achieved certified organic status, in addition to being granted an industrial hemp license. This puts Northern Lights in a very unique position, with the asset now poised to grow certified organic hemp at scale in 2020.

Received Health Canada industrial hemp license allowing Northern Lights Organics to cultivate and sell its industrial hemp crop
The license is issued in accordance with the Cannabis Act and the Industrial Hemp Regulations
Hemp grown on the farm will carry the coveted Certified Organic designation, as previously announced
Certified Organic hemp derived CBD allows for premium pricing and margins

With Northern Lights Organics we have structured and put in place an operating plan to plant 40-60 acres of organic hemp in the 2020 – the plan includes detailed steps to plant, harvest, dry and sell certified organic hemp biomass. We are also currently exploring the revenue opportunity in both grain and pedigree seed sale.

The sale of Northern Lights Organics biomass presents a compelling value proposition. Based on extrapolating 2019 research test plots, dried biomass yield per acre should fall within the range of 400-580 kgs. Recent market data indicates transactions taking place from $140 – $200 per kilogram for non-organic biomass. We fully anticipate that the markets for hemp biomass will fluctuate, however, noting the important premium that is intrinsic with the certified organic designation, we anticipate that the sale of Northern Lights Organics biomass will offer Weekend shareholders a unique value proposition.

The Company's concerted efforts over the last six months have put in place the foundations for sustainable growth. Our board, leadership team and advisors are exploring multiple options to attract new shareholders, including reviewing the cap structure with the overall goal to realize the asset potential in the most expedient fashion. In reference to the recent shareholder meeting package that was mailed out, there are a number of proposed processes we are considering moving into the new year, one of which is a share consolidation. We are at a very pivotal moment for the Company in which the assets in place can grow exponentially faster with outside capital investment. However given our current share structure of over 440 million shares outstanding, it becomes very difficult for potential new investors to see a value opportunity over share dilution. We firmly believe that the proposed consolidation of shares will open the door for capital investment that will allow us to achieve revenue and stock growth that would not be possible if we stayed at the status quo.

As CEO, I have always put shareholder value first, and as someone who holds all my shares at a $0.20 cost base, I firmly believe this is a move that is necessary to maximize overall long-term share value.

Sincerely,

Chris Backus
President & CEO

For further information, please contact:

Mr. Chris Backus, President & CEO, Director
Telephone: 1(236) 317-2812
E-mail: IR@weekendunlimited.com

About Weekend Unlimited Inc.

Weekend Unlimited is a lifestyle-based recreational cannabis and CBD wellness company. We are developing and launching premium cannabis and CBD brands to deliver life's highs – anytime, anywhere. Our CBD products are available online and at a retailer near you. Weekend Unlimited is well-positioned to launch and scale the brands that will define cannabis and CBD. Learn more at www.weekendunlimited.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

SOURCE: Weekend Unlimited Inc.

ReleaseID: 570719

VANCOUVER, BC / ACCESSWIRE / December 19, 2019 / Blue Lagoon Resources Inc. ("Blue Lagoon" or the "Company") (CSE:BLLG)(FSE:7BL)(OTC:BLAGF) is pleased to provide additional information with regards to the Company's newly optioned Gordon Lake Gold Project (the "Property") located 110 km north of Yellowknife.

The Property consists of 2 contiguous mineral leases located 110 Km northeast of the town of Yellowknife in the Northwest Territories (NWT) of Canada. Historically, this territory of Canada produced some significant gold mines in Canadian history including the following:

Con Mine (1938 – 2003), which became the first gold mine developed in the Northwest Territories and was located just south of Yellowknife and produced over 5 million ounces of gold.
The "Giant" mine claims which lead to the production of 7 million ounces of gold and became one of the longest continuous gold mining operations in Canadian mining history.
The Discovery Mine (1949 – 1969) located 84 kilometers northeast of Yellowknife produced one million ounces of gold.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property.

About the Gordon Lake Gold Property

The Gordon Lake property lies at the southern end of the Slave Structural Province within the Yellowknife Basin and is part of the Yellowknife Supergroup supracrustals (2.7 Ga) which form the bulk and core of the Yellowknife Basin and is situated along the eastern edge of a rift-like basin bounded by mafic volcanics.

The exploration target on the Gordon Lake property is shear zone hosted gold mineralization. The minimum dimensions of the mineralized zones explored to date are 140m long, from 1m to 11m in width and a minimum depth of 215m.

To date, approximately $2 million have been spent on the property and 17 zones of anomalous mineralization have been identified so far, with only three of those zones having been drilled.

Figure 1 below shows a schematic longitudinal section showing the relationship between the Main, South and Union zones on the Gordon Lake property. This section represents about 800m of strike length between the Union Zone and the Main Zone. Drilling intersected visible gold throughout, and the mineralization is open along strike and at depth.

Other areas of mineralized quartz veining and quartz stock work have been located however, exploration consisted of limited mapping and several wide spaced channel or grab samples, including a chip sample grading 13 g/t gold over 1.5 meters, and a grab sample returning 55.4 g/t gold.

Also included in Figure 1 are historical resource estimates. This figure demonstrates the highly anomalous value of those zones already drilled and the down dip potential for adding significant value near term.

Figures 2 and Table 1 below show a cross section of the South Zone (#9Vein) which shows anomalous values from drill intercepts to a depth of 215M.

Figure 1 looking west

The historical estimates in the above Figure 1 was completed for Pacific Trans-Ocean Resources Ltd. by M. Balog consulting geologist in 1989. A qualified person has not done sufficient work to classify the historical estimates as a current mineral resource as defined in National instrument 43-101. Additional analysis of data and data verification work is required, in addition to additional drilling, in order to evaluate past data utilized for historical resource estimates and to prepare a current mineral estimate. There is no current mineral resource or mineral reserve on the Gordon lake Property as such terms are defined under National instrument 43-101.

Figure 2

Table 1 Highlighted drill intercepts into the South Zone (#9Vein) include**:

DH#

G/t Au/Interval(m)

From-To(m)

88-41

34.1/4.4m

12.3-17.1

88-42

10.4/3.8m

27.4-31.2

88-62

19.4/7.4m

46.1-53.5

88-69

21.0/7.2m

109.5-116.7

88-74

11.3/3.3m

161.1-164.4

88-77

47.6/0.15m

159.35-159.5

88-80

11.3/6.45m

240-246.45

**Source: NI 43-101 Report Gordon-Venn Lake Property Technical Report – Aurora Geosciences Ltd. June 29, 2011.

The above sample results are considered historic information and a qualified person has not yet verified the data disclosed on behalf of the Company, including sampling, analytical and test data underlying the historic information.

There are 54 gold showings in the Yellowknife Supergroup surrounding Gordon Lake with five past minor producers in the near vicinity of Gordon Lake including the Tracy No.1, Goodrock, DAF Vein, Camlaren Mine, and Burnt Island.

The historic Discovery Mine is located approximately 45km WSW of the Gordon Lake and represents the closest analog of significant mineralization and or production to the Gordon Lake property. One of the ore zones at the Discovery mine was 60 meters long, averaged 1.3 meters in thickness and mined to a depth of 1,525 meters (see table 1). The Discovery deposit is a classic lode gold quartz vein hosted in Burwash metasedimentary rocks like those at Gordon Lake. The Discovery Mine was developed to a depth of >1,200 m before ceasing operations following the loss of the mill complex to fire. Production from 1949 to 1969 totaled one million oz of gold produced from one million tons of ore*. The Table 2 comparison highlights how important exploring the No. 9 Vein at depth can quickly add value to the overall project.

Table – 2 Discovery Mine and Gordon Lake Comparison

Parameter

Consolidated Discovery Mine

Gordon Lake No. 9 Vein

Host Rocks:

Sediments/Volcanics

Sediments

Host:

Dark gray quartz vein

Dark gray quartz vein

Thickness:

1.3 meter

4.12 meters

Depth:

1,525 meters

205 meters (limit of testing)

Length:

60 meters

60 meters

Tonnes

600,000

93,000**

Tonnes/vertical meter

360

460

Depth: Length Ratio

25: 1

4: 1

Grade Range:

0.1 – > 34.0

0.1 – > 34.0**

Gold Produced:

32,150 kilograms (1.0 Mozs)

No production

Style of Mineralization:

Coarse gold

Coarse gold

Gold Recovery

93%

Not determined

*SRK Consulting (U.S.), Inc, 2019: NI 43-101 Technical Report Yellowknife Gold Project Northwest Territories, Canada. NI 43-101 Technical Report prepared for GoldMining Inc. Ben Parsons,) Dominic Chartier, PGeo, Eric Olin, 206 pp. Effective Date March 1, 2019; Report Date April 16, 2019.

**The potential quantity and grade is conceptual in nature, and there has been insufficient exploration to define a mineral resources, and it is uncertain whether further exploration will result in the targets being delineated as a mineral resource.

Regionally, there are some similarities between Gordon Lake and the large gold deposits in the Yellowknife district including the Con and Giant mines, which combined to produce over 13 million ounces of gold at a grade of 16 g/t Au. Though these mines are hosted by volcanics within the Yellowknife district, the ore zones are found in mineralized and silicified shears (quartz veins) in discreet mineralized ore shoots measuring 1-18m in thickness, up to 180m along strike and to a maximum depth of 600m (http://nvp-pgf.org/en/canada/character/description). At Gordon Lake the minimum dimensions of the mineralized zones explored to date are 140m long, from 1m to 11m in width and a minimum depth of 215m. Mineralization is also shear zone hosted (albeit hosted in Burwash metasediments).

The Gordon Lake property remains open at depth and along strike.

"Gordon Lake presents us a great opportunity to add shareholder value as we work towards furthering this project, which to date, has only been explored on 3 of the 17 zones identified," said Rana Vig, President & CEO of Blue Lagoon Resources. "It's also interesting that the nearby Discovery Mine was drilled down to over 1500 meters whereas Gordon Lake has had limited drilling down to only 205 meters in only one of the three drilled zones. The potential to expand the known mineralized areas through drilling for deeper intersections and testing continuity of the known mineralized zones at depth. This is what made this project an attractive acquisition target for the Company exciting. And that's what junior exploration is all about" he said.

Qualified Person

William Cronk, P.Geo., a qualified person and a consultant to the Company, reviewed and approved the scientific and technical disclosure contained in this news release.

For further information, please contact:

Rana Vig
President and Chief Executive Officer
Telephone: 604-218-4766
Email: ranavig@gmail.com

2Source: NI 43-101 Report Gordon-Venn Lake Property Technical Report – Aurora Geosciences Ltd. June 29, 2011.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration and exploitation of minerals deposits, market prices, and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

SOURCE: Blue Lagoon Resources Inc.

ReleaseID: 570751

AMHERST, NY / ACCESSWIRE / December 19, 2019 / PrefLogic, Inc. announced today that it has entered into a strategic partnership with LawCloud, a New York-based legal technology company, to provide service to issuers coming through the PrefLogic Securities Matrix. The service provides PrefLogic's clients with an efficient and cost-effective solution for completing organizational and detailed disclosure for companies raising capital. LawCloud will also provide other services to assist issuers with the Form ID and other deal-related legal documents through a simple question and answer system that allows the entrepreneur to complete many tasks usually handled by an attorney.

"We are excited to be working with PrefLogic and believe that their platform, the Securities Matrix, is truly innovative with regard to ease of use and comprehensive function, allowing issuers to reduce the complexity as well as cost of raising capital" said Michael Knox, CEO of LawCloud.

Todd Wier, PrefLogic Founder/CEO added: "We have previously announced partnerships with Assurely (Insurance) and Prime Trust (Financial Services and Custody). This announcement with LawCloud rounds out what we have been calling the 3-pillars of partner support embedded within our platform, the Securities Matrix. The legal piece is so very important, but also daunting. The services and support provided by LawCloud will bring tremendous value to our issuers."

LawCloud supports funding platforms by providing a system to assist entrepreneurs in filling out complex legal documents and disclosures while dramatically reducing the cost of legal review expenses traditionally associated with capital formation. LawCloud believes there is a huge opportunity for technology to reduce the costs of legal services, particularly as it relates to small businesses and startups, and expects to continue expanding its suite of product and services to further support such companies.

About LawCloud

LawCloud, previously known as iDisclose, was founded in 2015, and is an industry leading platform in the crowdfunding and legal disclosure space with major contracts with platforms such as seriesOne, MicroVentures, Title 3 Funds, and Water Works Fund. LawCloud offers legal document solutions for small businesses, including regulatory, deal, HR and other useful business documents. LawCloud also automates the document drafting process for law firms, a service that increases internal efficiencies while reducing client costs. For more information about LawCloud, visit their website at LawCloud.co.

PrefLogic: Global Capital Raising. From Idea to Liquidity. PrefLogic's Software-as-a-Service platform (the Securities Matrix) empowers entrepreneurs, small companies and fund managers to raise capital by significantly breaking down the barriers to allow a compliant, cost-efficient digital security offering.

Email: info@preflogic.com Website: Preflogic.com
Address: 1416 Sweet Home Road, Suite 9b Amherst, NY 14228

SOURCE: PrefLogic

ReleaseID: 570733

SIGNIFICANT PROGRESS MADE TOWARDS A BETA CELL REPLACEMENT THERAPY FOR PEOPLE WITH DIABETES
EVOTEC RECEIVES € 3 M PAYMENT FROM SANOFI

HAMBURG, GERMANY / ACCESSWIRE / December 19, 2019 / Evotec SE (Frankfurt Stock Exchange: EVT, MDAX/TecDAX, ISIN: DE0005664809) today announced successful achievement of a third milestone in their diabetes research alliance with Sanofi ("TargetBCD"), resulting in a payment of € 3 m to Evotec.

This milestone was triggered after Evotec met pre-agreed critical criteria within the beta cell replacement therapy programme. The ultimate goal of the collaboration is to develop a beta cell replacement therapy for people with diabetes based on beta cells derived from human induced pluripotent stem cells.

Dr Cord Dohrmann, Chief Scientific Officer of Evotec, commented: "We are extremely pleased with the progress we are making on this beta cell therapy approach which has the potential to restore beta cell function and, thereby, address the root cause of diabetes rather than only its symptoms."

About the Evotec-Sanofi-Alliance in Diabetes ("TargetBCD")
In August 2015, Evotec and Sanofi announced a research alliance to develop a beta cell replacement therapy based on functional human beta cells derived from human stem cells for diabetes. Both companies have made significant contributions to this collaboration in terms of expertise, platforms and resources. The collaboration, which is a key value-driving relationship under the Company's EVT Innovate business segment, extends Evotec's metabolic disease and stem cell-based drug discovery programmes. To date, Evotec has received € 12 m in upfront and milestone payments from Sanofi, as well as substantial research funding.

About Diabetes
Diabetes mellitus ("diabetes") is a chronic incapacitating disease associated with severe lifelong conditions which require intensive monitoring and control, such as cardiovascular diseases, kidney diseases, nerve damage and eye diseases. At present, there is no cure for diabetes and only symptomatic treatment options are available. According to the International Diabetes Federation, approximately 425 million people worldwide suffered from diabetes in 2017 (2015: 415 million). The disease is a major burden to the global healthcare systems with $ 727 bn being spent on the treatment of diabetes in 2017 (2015: $ 673 bn).

About Beta Cells
Beta cells play a key role in the pathogenesis of diabetes. Beta cells reside in clusters of hormone producing cells ("islets") within the pancreas. They respond to elevated blood glucose levels (e.g. after a meal) by secreting the glucose lowering hormone insulin. In the type 1 form of diabetes ("T1D"), beta cells are destroyed by the patient's own immune system. As a result, T1D patients have to follow a life-long regimen of carefully-dosed insulin injections. In patients with type 2 diabetes ("T2D"), beta cells are functionally impaired and yet have to work in the presence of metabolic stress and increased work load due to an impaired tissue insulin response. T2D is progressive, and current therapeutic options cannot prevent the deterioration of beta cell function, eventually also creating a need for insulin injections. Despite the fact that insulin treatments are important and widely used for people with diabetes, they cannot fully mimic the normal control of blood glucose levels by normal beta cells necessary to avoid acute and long-term complications of diabetes. There is a critical medical need for novel therapeutic options which can restore beta cell mass and, thereby, reduce or eliminate the need for insulin injections. Furthermore, beta cell replacement therapy also has the potential to prevent or reverse the decline in beta cell function in type 2 diabetes.

ABOUT EVOTEC SE
Evotec is a drug discovery alliance and development partnership company focused on rapidly progressing innovative product approaches with leading pharmaceutical and biotechnology companies, academics, patient advocacy groups and venture capitalists. We operate worldwide and our more than 2,900 employees provide the highest quality stand-alone and integrated drug discovery and development solutions. We cover all activities from target-to-clinic to meet the industry's need for innovation and efficiency in drug discovery and development (EVT Execute). The Company has established a unique position by assembling top-class scientific experts and integrating state-of-the-art technologies as well as substantial experience and expertise in key therapeutic areas including neuronal diseases, diabetes and complications of diabetes, pain and inflammation, oncology, infectious diseases, respiratory diseases and fibrosis. On this basis, Evotec has built a broad and deep pipeline of approx. 100 co-owned product opportunities at clinical, pre-clinical and discovery stages (EVT Innovate). Evotec has established multiple long-term alliances with partners including Bayer, Boehringer Ingelheim, Celgene, CHDI, Novartis, Novo Nordisk, Pfizer, Sanofi, Takeda, UCB and others. For additional information please go to www.evotec.com and follow us on Twitter @Evotec.

FORWARD LOOKING STATEMENTS
Information set forth in this press release contains forward-looking statements, which involve a number of risks and uncertainties. The forward-looking statements contained herein represent the judgement of Evotec as of the date of this press release. Such forward-looking statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, and which could cause actual results to differ materially from those contemplated in these forward-looking statements. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based.

Contact Evotec SE:
Gabriele Hansen, SVP Corporate Communications, Marketing & Investor Relations, Phone: +49.(0)40.56081-255, gabriele.hansen@evotec.com

SOURCE: Evotec AG

ReleaseID: 570754

HONG KONG / ACCESSWIRE / December 19, 2019 / Hong Kong based global blockchain services platform AFintech announces its investment in Coinfinit, a Top 10 Cryptocurrency Exchange in South Korea.

AFintech noted that the financial backing will help Coinfinit Exchange develop a marketplace for digital assets to increase cryptocurrency adoption in South Korea.

Ricky Ng, the founder of AFintech, said "AFintech is excited to invest in Coinfinit. Our global resource in blockchain industry will offer the customized and integrative service for Coinfinit. We also believe Coinfinit's best-in-class products and strong brand create a leading position in the cryptocurrency trading market. We are planning to provide more program with the quality services for listing in South Korea."

So far, AFintech is currently incubating a number of startups, including Bitsdaq, i-House.com, Bitwork and many others. AFintech's goal is to provide funding, incubate projects, provide resources for growth and mentoring to empower blockchain and crypto entrepreneurs, projects and communities.

Dongwoo Kim, the CEO of Coinfinit commented, "We are excited to have AFintech as our investor. Their flexible capital mandate and their ability to understand the growth dynamics of our exchange made them an ideal partner for Coinfinit. With AFintech's support, Coinfinit expects a sizable amount of trading volume from South Korea consumers. I am confident in the ability of Coinfinit to increase cryptocurrency adoption in the country while assisting the public in learning more about digital assets."

The mission of Afintech is to create an ecosystem to support industry projects that help to grow the next generation of blockchain services, forming a community of blockchain entrepreneurs to collaborate and develop the full potential of blockchain technology and its social impact, while increasing cryptocurrency adoption globally.

About AFintech

AFintech group focuses exclusively on blockchain i-bank and token listing services, covering crypto fundraising, advisory, project incubation, business acceleration, and also provides marketing, partnership and localization services. It helps token listing on different exchange network. AFintech's major products are Bitsdaq, Bittrex partner exchange in Singapore, Macau, and Canada; i-House, a leading global real estate blockchain cloud platform; Bitwork, best blockchain community in Asia. AFintech aims at building a blockchain i-bank ecosystem with multiple investment portfolio and financial services in Asia.

Official website https://afintech.ai/

About Coinfinit

Coinfinit is a cryptocurrency exchange in Korea founded in 2018. Supported by a strong asset protection system through multi-factor verification, 24-hour trading platform and 24-hour customer service system, Coinfinit offers convenient services to numerous users. Coinfinit is making progress in order to implement a real economy system through strategic partnerships with companies in Korea and abroad. Coinfinit is registered as a member of KBIPA, a corporation which secured a formal permission from the Korean government.

Official website: https://www.coinfinit.com/

CONTACT:

AFintech
Adam Jacobs
Marketing@bitsdaq.com

SOURCE: AFintech

ReleaseID: 570748