Btl Provides Corporate Update and Announces Dominic Mccann, Former Director at Sas Institute, Joining Board and Management Team
BTL PROVIDES CORPORATE UPDATE AND ANNOUNCES
DOMINIC MCCANN, FORMER DIRECTOR AT SAS INSTITUTE,
JOINING BOARD AND MANAGEMENT TEAM
For Immediate Release
Vancouver, Canada / London, UK June 22, 2017
BTL GROUP LTD. (TSX Venture: BTL) (“BTL” or the “Company”) is pleased to announce that
Dominic McCann has been appointed to the Board of Directors of the Company and has agreed
to join its management team. Mr. McCann was a director of SAS Institute where he led the Oil
and Gas Business Unit for SAS in Europe, the Middle East and Africa. Dominic has a very
technology focused sales career with a great deal of exposure to the energy sector having
previously worked at Accenture, Dell, Morse Group and mhm Group which was acquired by
Deloitte. He will be based in BTL’s London office, UK. Mr. McCann will join the management
team effective July 3, 2017.
“I am delighted to welcome Dominic to BTL’s Board and Management team. He has a very strong
back ground in technology, sales and the energy sector and will be a huge asset to the Company,
propelling us to achieve our goals as set out in our 2017 roadmap. I very much look forward to
working with him going forward,” said Guy Halford-Thompson, Chief Executive Officer.
In order to facilitate Dominic’s appointment to the Board of Directors, Mike Sutton has agreed to
step down from the Company’s Board of Directors, effective immediately.
The Company has also received notice from its Chief Operating Officer, Mr. Jackson Warren, of
his intention to leave the Company having successfully built a number of startup businesses and
now wishing to take some time away from the corporate world.
Guy Halford-Thompson continued, “Both Mike and Jackson have greatly assisted in growing BTL
to where it is today and we are very grateful for their support and professionalism, helping to
create great value for BTL and our shareholders. We thank them for all their hard work and wish
them the very best in their future endeavors”.
Mr. Warren will remain with the Company for a period of three months to facilitate the
implementation of an orderly succession and further details in this regard will be announced by
the Company in due course.
The Board of Directors of the Company would like to express its gratitude to Mr. Sutton and Mr.
Warren for their contributions to the Company and wish them both well in their future pursuits.
Mr. McCann’s appointments with BTL are subject to the approval of the TSX Venture Exchange.
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Also, the Company announces the grant of incentive stock options to Mr. McCann to acquire a
total of 150,000 common shares of the Company at an exercise price of $4.30 per share, such
options to vest as to one-half on June 22, 2018 and one-half on June 22, 2019. The options expire
five years from the date of grant.
ABOUT BTL GROUP LTD. AND INTERBIT
Operating from both Canada and the UK, BTL is an enterprise technology platform provider that
is developing Interbit, a proprietary private blockchain. Via the Interbit platform, BTL can help
companies greatly reduce risks and costs by securely streamlining existing IT infrastructures. To
date, BTL has successfully demonstrated how Interbit can innovate system processes for leading
companies in the finance, energy and gaming sectors.
Interbit is a fast, encrypted and scalable multi-chain technology platform. Via its suite of APIs and
smart contracts, Interbit allows businesses from across the world to improve efficiency in trading
and operations, accelerate development of internal systems, and embrace new revenue
generating opportunities, while providing the high levels of security, resilience and auditability
required in regulated enterprise environments.
With offices in Vancouver and Canary Wharf in London, BTL is positioning itself as a front-runner
in the blockchain ecosystem, partnering with and enabling enterprises on Interbit in order to im-
prove their existing IT systems.
Website: www.btl.co
Twitter: https://twitter.com/blockchainltd
For further information about BTL and Interbit please contact:
Angus Campbell, Inquiries
Phone: +44 (0) 20 7100 0850
Email: [email protected]
Guy Halford-Thompson, CEO
Phone: +1 855 256 5246
Email: [email protected]
Certain statements in this release are forward-looking statements, which include further
development of BTL’s business relationships and business and the development and success of
BTL’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 BTL’s technologies and products, as well as those risk factors discussed or referred
to in BTL's annual Management's Discussion and Analysis for the year ended December 31, 2016
available at www.sedar.com, many of which are beyond the control of BTL. Forward-looking
statements contained in this press release are expressly qualified by this cautionary statement.
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The forward-looking statements contained in this press release are made as of the date of this
press release. Except as required by law, BTL 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, BTL 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.