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SAN DIEGO, April 01, 2019 (GLOBE NEWSWIRE) -- Ziyen Inc. is proud to announce the launch of ZiyenCoin, the first Oil & Energy Security Token Offering (STO). ZiyenCoin will be the first energy focused digital energy currency filed under the U.S. Securities and Exchange Commission (SEC) regulation 506c Security Token Offering and will create a fully trackable and unencumbered worldwide movement of digital currency in conjunction with blockchain supply chain management and blockchain verified contracting. This revolutionary concept will have the ability to drive down costs currently experienced by the oil and gas industry and production by removing market uncertainties and finances charges at every step of the way.
A recent article by Forbes Magazine states that while blockchain burst onto the scene five years ago as a transactional platform for cryptocurrencies (such as Bitcoin), industries such as healthcare, banking and insurance are showing signs of adopting a decentralized ledger which would remove transactional fees and essentially save tens of billions of dollars for each respective industry.
Alastair Caithness, ZiyenCoin Co-founder and Ziyen Inc. CEO said, “Major global industries are adopting blockchain technology and our goal at ZiyenCoin is to apply the same principles that banking giants such as JP Morgan & Chase, who recently launched JPMCoin and are now implementing to another key global industry, but we are focused on the oil and energy business.
ZiyenCoin is the First Energy Security Token Offering (STO) under SEC Regulation. D, 506(c) and will only be available to accredited investors through it’s opening round of funding”
About Ziyen Inc.:
Founded in 2016, Ziyen Inc. operates three divisions. Ziyen Intelligence, Ziyen Energy & ZiyenCoin. Ziyen Intelligence specializes business information, contracts, news and information. Developing cutting edge procurement and supply chain software to provide clients with intelligence on industry specific government and private contracts. The company pivoted and created an Oil and Energy Company securing the first oil asset in 2017. Ziyen Energy was created to capitalize on information and opportunities in the oil and gas marketplace with the intent to produce oil in the U.S. with advanced extraction methods and technology implemented and guided by career experts in the oil and gas industry. Ziyen intends to produce oil by securing and developing smaller, marginal oil fields in the U.S. that have been otherwise overlooked by major oil companies yet still provide multi- million- dollar yield potential. Ziyen Energy has 18 oil assets based in the Illinois Basin, which covers Illinois, Indiana and Kentucky. The third division Ziyen Inc. has created is ZiyenCoin, this new division will focus on Oil Blockchain and work with the leading industry players with a goal in developing new technology to cut costs and push down oil production costs. For more information visit www.ziyen.com .
Forward Looking Statements:
Certain statements in this press release including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing, performance goals, and statements that otherwise relate to future periods are forward-looking statements. These statements involve risks and uncertainties, which are described in more detail in the Company’s periodic reports filed with the SEC- specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements are made and based on information available to the company on the date of this press release. Ziyen Inc. assumes no obligation to update the information in this press release.
Berg Capital Markets
Dean Holter, Esq.
Berg Capital Markets