SAN JUAN, Puerto Rico, Jan. 13, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – BOTS, Inc. (OTC PINK: BTZI) (“The Company”), a global technology company specializing in AI, Blockchain-based solutions including decentralized finance applications, cybersecurity and Bitcoin mining equipment repair, today announced the sale of its Bitcoin ATM patent portfolio that was invented for the Bitcoin ATM market. The portfolio is related to cryptocurrency transactions conducted through ATM kiosks and other blockchain-related assets. The IP portfolio was sold through a subsidiary which included a license agreement for an additional patent US 10,332,205 B1 (Bitcoin kiosk/ATM device and system and method for using the same).
“We are pleased to announce today’s recent sale of this intellectual property and associated license agreement to Bullet Blockchain, Inc.,” BTZI Management said in a statement. “With the completion of this transaction, BOTS, Inc. will be more focused on developing our robotic automation and AI projects.”
Subject to Board approval, the Company plans to initiate the payment of dividends in the form of shares of Bullet Blockchain, Inc. ($BULT) on the basis of approximately 1 $BULT share for every 4 $BTZI shares held on a Record Date which will be set and announced in the near future.
About BOTS, Inc.
BOTS, Inc. is a global technology company specializing in AI, Blockchain-based solutions, including decentralized financial applications, and cybersecurity solutions, and owns a portfolio of digital assets and crypto-related businesses such as BeadSwap, a decentralized crypto exchange, Bitcoin ATM-related US patents, and Cyber Security Group LLC, an ISO/IEC 27001:2013 Information Security Management System certified company. BOTS, Inc. is developing a friendly AI assistant modeled after the personality of Scott Adams and designed to be a personal friend to our customers – with multiple features, some of which are found in the popular Chat GPT.
BTZI subsidiary, TekX Mining and Gaming PC Solutions, also offers crypto mining consulting, crypto mining equipment optimization and repair, and extended warranty contracts. TekX also conducts training for miner repair technicians. TekX also offers testing, inspection and certification (TIC) services as a value-added set of procedures now offered to ensure that the previously owned bitcoin miners and other related products meet the mandatory regulations and production standards in terms of quality and safety. These services include optional on-site or off-site diagnostic testing, document checks, data processing consistency verification, management process audits and inspections across the entire supply chain. Testing and commission will be provided to institutional buyers of bitcoin miners as well as smaller mining operators or at the request of the manufacturer.
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Forward-looking statements
Certain statements in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors that may be disclosed in the Company’s filings. In addition to these factors, actual future performance, results and outcomes may differ materially due to more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions and changes in government and public policies. The forward-looking statements included in this press release represent the company’s views as of the date of this press release, and those views are subject to change. Although the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are described in detail on the company’s websites and registrations.
