Eight Dragons Announces Equity Position in Rokk3r Labs
02 Maggio 2017 - 5:21PM
Marketwired
MIAMI, FL-(Marketwired - May 2, 2017) - Eight Dragons Co. (OTC:
EDRG) announced today that it has taken an equity position in
Rokk3r Labs, a Miami-based venture builder.
"Eight Dragons is pleased to announce our strategic partnership
with Rokk3r Labs through this equity position," said Una Taylor,
Chairman and Chief Executive Officer of Eight Dragons. "Our mission
is to build a full-stack, exponential entrepreneurial ecosystem for
founders and Rokk3r Labs has established itself over these last
five years as a leader in helping founders realize their visions,
both practically and profitably. Our partnership provides us with
access to a top-flight cobuilder and aligns our interests as we
work to help founders innovate and create value."
Rokk3r Labs was founded in 2012, with the goal of applying a
rigorous methodology to company building, making it a highly
repeatable process to mitigate risks and achieve greater
operational efficiency. The company looks to create value by
leveraging the ever-increasing global connectivity and convergence
of exponential technologies. Today, with 40 companies in its
portfolio, Rokk3r Labs has established itself a world-class venture
builder through its proprietary 'cobuild' approach to company
building.
Added Nabyl Charania, Chief Executive Officer and co-founder of
Rokk3r Labs, "Eight Dragons and Rokk3r Labs will chart a course for
the future of global entrepreneurship, investment and innovation. I
am thrilled that our proprietary 'Idea-to-Exit' model will be the
foundation for company building in this new partnership."
Terms of the investment were not disclosed.
Eight Dragons, which launched operations in 2017, is a publicly
traded firm that is committed to providing founders with a
full-stack, exponential entrepreneurial ecosystem. Other companies
within the Eight Dragons ecosystem include DreamFu Ventures, a
venture builder that uses its network of mentors and angel
investors to help shape ideas, develop entrepreneurs, and invest in
startup companies, and World Cup of Sales, a product-market fit and
sales platform geared towards start-up companies and product
launches.
About Rokk3r LabsRokk3r Labs is a venture builder and the
world's first 'cobuilding' platform for entrepreneurs, corporations
and investors to create exponential startups. As a partner, Rokk3r
Labs increases value, mitigates risk and helps to remain at the
edge of innovation. With a focus on leveraging exponential
technologies (e.g., the blockchain, artificial intelligence, and
Internet of Things) and implementing innovative methods of raising
capital, Rokk3r Labs is harnessing the global collective genius to
cobuild companies that change the world. Currently, Rokk3r Labs'
portfolio includes 40+ companies. Visit www.rokk3rlabs.com.
About Eight Dragons Eight Dragons (OTC: EDRG) is a
technology-investment firm that invests in and operates companies
to support a full-stack development ecosystem for start-ups.
Headquartered in Miami, FL and commencing operations in 2017, Eight
Dragons seeks to help companies using innovation and vision to
address the world's biggest challenges and realize exponential
opportunities. The firm trades on the OTC market under ticker
symbol EDRG. For more information, please visit www.edrg.com, or
follow us on Twitter at @edrgco.
Forward-Looking Statements: Except for historical matters
contained herein, statements made in this press release are forward
looking statements. Without limiting the generality of the
foregoing, words such as "may", "will", "to", "plan", "expect",
"believe", "anticipate", "intend", "could", "would", "estimate", or
"continue", or the negative other variations thereof or comparable
terminology are intended to identify forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements to be materially different from any
future results, performance, or achievements expressed or implied
by the forward-looking statements. Also, forward-looking statements
represent our management's beliefs and assumptions only as of the
date hereof. Except as required by law, we assume no obligation to
update these forward-looking statements publicly, or to update the
reasons actual results could differ materially from those
anticipated in these forward-looking statements, even if new
information becomes available in the future. The Company is subject
to the risks and uncertainties described in its filings with the
Securities and Exchange Commission, including the section entitled
"Risk Factors" in its Annual Report on Form 10-K for the year ended
December 31, 2016, and its Quarterly Reports on Form 10-Q.
Contact InformationMedia Contact
Anthony Lacavaro
Managing Director
Anthony.lacavaro@edrg.com
917.526.2533
Investor Contact
Luna Consultant Group
T: 702.333.4886
info@lunaconsultantgroup.com
www.lcginfo.com
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