Jacksonville, May 25, 2023 (GLOBE NEWSWIRE) — Alt Blockchain Inc.(OTCMKTS: EBZT), a technology company that blends blockchain, DBMS and Zero Trust to deliver disruptive new ways to store, manage and protect data, announced today that it has transferred corporate governance from the state of Delaware to the state of Florida.
The transfer of corporate governance to Florida reflects the resident status of the majority of EBI’s management team and directors, as well as significant cost savings in corporate administration, supervisory costs and taxes. EBI will maintain the company’s operations headquarters in Jacksonville, along with two of its wholly owned subsidiaries, EBI International, Inc. and Everything Blockchain Technology Corp. There have been no changes to the board, management, business or operation of EBI as a result of the transfer.
EBI International, Inc. currently operates in Puerto Rico and the United Arab Emirates, where it provides products and services to several international customers and dealers, including Eel-Rushaid Group. A five-year distribution agreement, signed in April 2023, will position Al-Rushaid Technologies Company, a subsidiary of Al-Rushaid Group, as the exclusive agent for the EB Control platform in several MENA countries, including Saudi Arabia, Bahrain, Kuwait, the United Arab Emirates, Oman and Egypt.
“Our team is our greatest asset, and we take our role in providing affordable and powerful data storage and protection solutions to our partners and customers very seriously,” said Toney Jennings, CEO, EBI. “This strategic move will ensure that we are best positioned for rapid expansion with our product portfolio, as well as EBI’s expansion into various international markets, including Europe, the Middle East and North Africa and Asia.”
As the owner of 23 patent applications and two granted patents worldwide, including in Australia, Brazil, Canada, the European Patent Organization, Israel, India, Japan, Korea and Mexico, Everything Blockchain Technology Corp. poised to lead the international market with unmatched capacity to store, manage and protect data.
This news follows shortly after EBI announced significant product updates to EB Controlas well as the application’s availability in all browsers. By using app.ebcontrol.io, users can now decrypt content without downloading the EB Control application. In addition, EBI’s BuildDB was recently recognized by the 2023 SC Magazine Awards as a finalist for “Best Database Security Solution.”
For more information on EBI, visit everything blockchain.io.
About Everything Blockchain Inc.
Everything Blockchain, Inc. (OTCMKTS: EBZT) is on a mission to ensure that every organization has access to the tools and platforms that enable them to manage, store and protect data without the cost and complexity that holds them back today. Our patented engineering advances deliver the essential elements needed for real business use: speed, security and efficiency. Alt Blockchain builds trust platforms for the modern enterprise. Our current businesses include: EB Advise, BuildDB and EB Control. For more information, please visit
Forward-looking statements
This press release contains “forward-looking statements” that are not purely historical and may include statements of beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend, “believe”, “estimate”, “expect”, “project”. ”, “plan” or similar phrases may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ from those projected in any forward-looking statements due to a number of factors. Such factors include, but are not limited to, the inherent uncertainty associated with new projects, the future of the US and global economies, the impact of competition and the Company’s reliance on existing regulations regarding the use and development of blockchain and zero-trust products. These forward-looking statements are made as of the date of this press release, and we undertake no obligation to update the forward-looking statements, or to update the reasons why actual results may differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, no assurance can be given that such beliefs, plans, expectations or intentions will prove to be accurate.
