Alternet Systems Is Awarded Ven Authority Status Through Strategic Partnership With Hub Culture
2014年2月27日 - 1:15AM
Marketwired
Alternet Systems Is Awarded Ven Authority Status Through Strategic
Partnership With Hub Culture
Hub Culture Acquires First Ever Stake in Public Company Using
Ven
MIAMI, FL--(Marketwired - Feb 26, 2014) - Alternet Systems, Inc.
(OTCQB: ALYI) ("Alternet" or the "Company"), an accelerator of high
growth opportunities in Digital Currency and Mobile Commerce
services, today announced at the 2014 Mobile World Congress in
Barcelona, Spain that they have been awarded Ven Authority status
through a strategic partnership with Hub Culture. As part of
the strategic transaction, Hub Culture will receive approximately 5
million shares of Alternet in the first ever acquisition of a
public company stake using digital currency. Alternet and Hub
Culture will jointly be working together to introduce new products
and services to Ven users globally. Ven is the only digital
currency to be priced from a basket of currencies, commodities and
carbon futures, making it green, grounded and stable.
What Is Ven Ven is a global digital currency established in 2007
through the social network HubCulture.com and is the only digital
currency trading on regulated financial exchanges such as LMAX.com
and the Kraken.com digital asset exchange. Ven is 100% asset backed
in real-time with a mix of fiat currencies, commodities and carbon,
and is priced against other major currencies at floating exchange
rates, creating a globally diversified hedge oriented currency. Ven
was the first digital currency to float, the first used in
bilateral commodity trading, and the first to include carbon in its
makeup, making it the only environmentally linked currency in
existence. Ven addresses security technologies in part through
its security partnership with ValidSoft, wholly owned cloud
security subsidiary of Elephant Talk Communications Corp. (NYSEMKT:
ETAK).
Ven Authorities In order to make Ven more accessible, Hub
Culture authorizes independent entities known as "Authorities" to
manage the liquidity of Ven. Examples of what Authorities can do
includes operating on behalf of customers, provide real-time
currency trading, allow corporations to convert assets to Ven to
hedge their balance sheet, to meet carbon obligations, or enable an
investment fund to use authority status to hold and control a large
amount of Ven for a stable long-term investment solution. Ven
is distributed through Authorities. The process is managed through
a series of sophisticated hedging algorithms that balance the
underlying reserves and issuance in real time with live financial
markets data, updating as frequently as several times per
second.
Mr. Henryk Dabrowski, CEO of Alternet Systems, commented,
"Alternet Systems is thrilled to join the family of Ven Authorities
working to bring this new age digital currency to new markets
around the world. Our expertise in mobile technologies and
affiliate customer bases provide rich new opportunities for this
asset. Developing a strong expertise in new products and
services in the digital currency sector is a core priority of our
company. This evolution in strategy comes on the heels of our
successful project with Utiba, which helped us build a wealth of
connections and expertise that will benefit Ven and Hub Culture in
the Americas. After evaluating the opportunities in the
Digital Currency arena, Management believes that this partnership
with Hub Culture represented the best opportunity to become a
leader in what we believe will become a multi-billion dollar
digital currency online transaction industry."
Stan Stalnaker, Hub Culture Founding Director, commented, "As
Ven becomes increasingly recognized as a secure and transparent
unit of account, its utility as a diversified hedge and stable
store of value also grows. Our investment in Alternet Systems is
based on our confidence in the future success of the new products
and services related to Ven, which Alternet is developing with our
technology team. Granting Alternet Systems status as a Ven
Authority leapfrogs them to the cutting edge of the multi-billion
dollar digital currency industry, and maximizes their unique
capabilities to grow Ven in new markets faster. Crucial to
this is Alternet's activity in mobile sectors where their
connections across Latin America provide exciting opportunities to
develop Ven as a tool for financial inclusion, remittances,
environmental protection and foreign direct investment across the
region, while also developing the North American market."
Mr. Stalnaker continued "Our strategy is markedly different than
the hundreds of decentralized crypto-currencies that place their
faith in a fixed supply of their asset and reject central
authorities to manage them. While decentralized currencies
have merit, the human role in managing Ven is designed to allow
flexibility to deal with changing circumstances. Coupled with HubID
and our transparent ledger, this allows us a clear and judicious
path when working to grow the Ven ecosystem with regulators and
financial governing authorities worldwide."
About Alternet Systems Inc. Alternet Systems Inc. (OTCQB: ALYI),
headquartered in Miami, Florida, is an enterprise accelerator
company focused on the complimentary, high-growth markets of
Digital Currency, Mobile and Internet Commerce and Cyber-Security
products and services. Through its subsidiaries, Alternet captures
and converts extraordinary growth opportunities surrounding the
explosion of newly adapted Internet technologies and
platforms. More information about Alternet and its
subsidiaries can be found at www.alternetsystems.com and by
following the company on Twitter
www.twitter.com/alternetsystems.
About Hub Culture and Ven Hub Culture is a global collaboration
network building a brighter future. The community is driven by four
projects: the Ven digital currency, Pavilions for meeting and
connecting, knowledge brokerage, and Online Identity Management -
HubID. It's all powered by a digital currency, Ven.
Ven is the only digital currency to be priced from a basket of
currencies, commodities and carbon futures, making it green,
grounded and stable. Ven is growing as a transparent financial tool
for individuals, companies and institutions worldwide. As the first
widely used digital currency and now an Internet Reserve Currency,
Ven's history is one of constant evolution. Ven is issued and
regulated by Hub Culture and the Ven Central Reserve Board, a group
of financial experts from within the community tasked with
protecting the integrity of Ven.
Hub Culture was founded in 2002 and maintains offices in London,
New York, Bermuda, Hong Kong, and Geneva. Since 2007, over 60
million units of Ven have exchanged hands, with 60% of Ven used for
redemption of goods and services in the Hub Culture platform and
the rest trading in regulated financial markets. The currency is
growing at an increasing curve rate as it finds a home in the
financial world.
Learn more: HubCulture.com and Ven.VC
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995 Certain statements in this news release may
contain forward-looking information within the meaning of Rule 175
under the Securities Act of 1933 and Rule 3b-6 under the Securities
Exchange Act of 1934, and are subject to the safe harbor created by
those rules. All statements, other than statements of fact,
included in this release, including, without limitation, statements
regarding potential future plans and objectives of the Company, are
forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements.
Contact: Investor Relations Contact at Alternet: Email Contact
1-888-823-8494 Or Alliance Advisors, LLC Alan Sheinwald Email
Contact (914) 669-0222 Or Hub Culture Stan Stalnaker Email Contact
+44 79741 56 458 or +44 7951 447 059
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