LOS ANGELES, CA / ACCESSWIRE / September 18, 2018 / Adaptive Medias, Inc. (OTC PINK: ADTM) today announced the appointment of Angel Mondragon to the newly-created position of President where he will oversee the Company's transition into a cryptocurrency entity that will focus on developing blockchain based solutions for emerging industries, such as the multi-billion dollar and growing cannabis market.
"With cryptocurrency digital mining already approaching a $4 billion-dollar industry, we are undoubtedly in the right place at the right time," said John B. Strong, Chairman and CEO of Adaptive Medias, Inc. "As the founder of PlutusX, our crypto-asset partner since early this year, we are excited to have Angel join our management team to spearhead our transition into a developer of cryptocurrency-based solutions. Today's appointment will represent just one of a number of initiatives underway that will accelerate our full transition as a key player in the cryptocurrency market," concluded Mr. Strong.
Mr. Mondragon founded PlutusX in 2015 with the goal of reinventing the way investing was perceived. PlutusX's business strategy was to disrupt the status quo by providing tools that otherwise would have exclusively been reserved to the ultra-wealthy. The company's business strategy has progressed recently as it has introduced the use of blockchain technology and decentralized tools, which are expected to allow PlutusX to expand its mission to a global and borderless platform.
Due to Mr. Mondragon's deep understanding of cryptocurrency and his achievements at PlutusX, he has been invited to present his ideas of blockchain technology at the upcoming TED Talks conference to be held on September 29, 2018. A manuscript of his presentation can be found here: Angel Mondragon TED Talks Presentation.
For additional information or to be added to Adaptive Medias' investor lists, please contact investor relations at 855-386-3420.
About Adaptive Medias, Inc.
Adaptive Medias, Inc. (OTC PINK: ADTM) is expected to soon be renamed as part of the Company's transition into a cryptocurrency and cannabis play. The Company's new cryptocurrency division will focus on developing and launching alternative payment methods, including developing a solution to address the banking issues facing the emerging cannabis industry. The Company is currently in the process of strengthening its management team in advance of a global debut of its new technology. For additional information, please dial 855-FUND-420.
(This Press Release may contain certain forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Adaptive Medias, Inc. has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans,"
"intends," "potential" and similar expressions. These statements reflect Adaptive Medias' current beliefs and are based on information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause Adaptive Medias' actual results, performance or achievements to differ materially from those expressed in or implied by such statements. Adaptive Medias undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information contained in this Press Release including such forward-looking statements.)
Contact:
Adaptive Medias Investor Relations 855-386-3420
SOURCE: Adaptive Medias