BTL GROUP LTD. (TSX Venture: BTL) (the “Company”) is pleased to announce that effective
BTLTM ANNOUNCES NAME CHANGE TO INTERBIT LTD.
For Immediate Release
Canada / London, UK January 9, 2019
BTL GROUP LTD. (TSX Venture: BTL) (the “Company”) is pleased to announce that effective
January 10, 2019 it will be changing its name to “Interbit Ltd.”. The Company’s new website will
be www.interbit.xo and the common shares of the Company will commence trading under the
new name on the TSX Venture Exchange with the new trading symbol “IBIT” at the opening of
trading on January 10, 2019.
The name change, approved at last year’s AGM, is to create alignment with its principal product
InterbitTM, the megachain software platforms that have been the Company’s development focus
since mid-2016. Version 2 of the InterbitTM platform was released for testing and feedback on April
23, 2018 and Version 3 of the InterbitTM platform is currently in development (see the Company’s
November 7, 2018 news release). The Company announced in November 2018 it was joining the
CitizenOS Project and related venture with Xinova, LLC and Helix Applications Inc. and would
license the Interbit TM platform to that venture (see the Company’s November 29, 2018 news
release).
“The emergence of Edge computing and 5G in 2019 will demand new forms of distributed
computing, which our InterbitTM platforms will target,” said Tom Thompson, CTO of the Company.
“Our strategic initiative CitizenOS, will enable us to begin tackling the practical challenges
associated with deploying Smart City technologies into society,” said Dominic McCann, CEO of
the Company. “To support our approach we assembled, in November 2018, a highly specialised
programming team, as well as hardware and software partners to begin delivering solutions for
commercial opportunities in 2019.”
There is no change in the share capital of the Company, and shareholders are not required to
exchange their existing share certificates for new certificates. The Company’s new CUSIP
number is 45845F100 and its new ISIN number is CA45845F1009.
ABOUT THE COMPANY AND THE INTERBITTM PLATFORMS
The Company is a technology platform provider listed on the TSX Venture Exchange and
operating from both Canada and the UK with offices in Calgary and London. The Interbit TM
platforms are 3rd generation blockchain platforms which enable business applications to be built
quickly, easily and securely.
For further information please contact:
Dominic McCann, CEO
Phone: +1 855 256 5246
Email: [email protected]
Website: www.interbit.xo
TM
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this release are forward-looking statements, which include further
development of the Company’s business relationships and business and the timing, development.
launch and success of the Company’s technologies and products, and other matters. Forward-
looking statements consist of statements that are not purely historical, including any statements
regarding beliefs, plans, expectations or intentions regarding the future. Such information can
generally be identified by the use of forwarding-looking wording such as “may”, “expect”,
“estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar
variations. Readers are cautioned not to place undue reliance on forward-looking statements, as
there can be no assurance that the plans, intentions or expectations upon which they are based
will occur. By their nature, forward-looking statements involve numerous assumptions, known and
unknown risks and uncertainties, both general and specific, that contribute to the possibility that
the predictions, estimates, forecasts, projections and other forward-looking statements will not
occur. These assumptions, risks and uncertainties include, among other things, the state of the
economy in general and capital markets in particular, the development of competitive
technologies, the marketplace acceptance of the Company’s technologies and products, as well
as those risk factors discussed or referred to in the Company's annual Management's Discussion
and Analysis for the year ended December 31, 2017 available at www.sedar.com, many of which
are beyond the control of the Company. Forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this
press release. Except as required by law, the Company disclaims any intention and assumes no
obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Additionally, the Company undertakes no obligation to
comment on the expectations of, or statements made by, third parties in respect of the matters
discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.