TAAL to Webcast Live at the OTCQX Best 50 Virtual Investors Conference June 16
TAAL invites individual and institutional investor as well as advisors and analysts to attend the interactive presentation at VirtualInvestorConferences.com
TORONTO, June 9, 2022 /CNW/ - TAAL Distributed Information Technologies Inc. (CSE:TAAL) (FWB:9SQ1) (OTC:TAALF) ("TAAL" or the "Company"), a vertically integrated blockchain infrastructure and service provider for enterprise, announces that CEO Richard Baker will present live at the OTCQX Best 50 Virtual Investors Conference on June 16, 2022 at 11am Eastern Time (details below). Mr. Baker will also host 1x1 investor meetings through the event.
"TAAL is building the infrastructure needed to power the next generation of the internet," said CEO, Richard Baker. "We believe in a future beyond block subsidy rewards where revenues are driven by transaction processing and we are on a path to become a major network provider for Web 3.0 and the digital economy; I look forward to sharing this and more with investors at the OTCQX Best 50 conference."
- Gross revenue from hashing operations was $8.7 million, a $7.8 million increase from $0.9 million compared to the first quarter of the prior year ("Q1 2021").
- Adjusted EBITDA loss of $0.9 million versus a $3.5 million loss in Q1 2021.
- TAAL processed over 232 million transactions within 9,595 blocks on the BSV network for the quarter, earning almost $0.3 million in additional rewards from transaction processing, representing 3% of total revenue.
- Future growth secured with deposits for plant and equipment of $34.7 million to expand hashing fleet and a clean energy data center in New Brunswick, Canada.
- As of March 31, 2022, TAAL had about 23,000 BSV, 600 BCH and 0.5 BTC in coin treasury.
DATE: Thursday June 16, 2022
TIME: 11:00am EST
LINK: https://bit.ly/3MB962u
Available for 1x1 meetings: Friday June 17, 2022.
This will be a live, interactive online event where investors are invited to ask the Company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.
Learn more about the event at www.virtualinvestorconferences.com.
TAAL Distributed Information Technologies Inc. delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the BitcoinSV platform, and developing, operating, and managing distributed computing systems for enterprise users.
Visit TAAL online at www.taal.com/investors
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
SOURCE Taal Distributed Information Technologies Inc.
Media and Investor Contact: TAAL, Richard Baker, Chief Executive Officer, Office: (437) 826-8889, [email protected]; Sophic Capital, Sean Peasgood, President & Chief Executive Officer, Office: (437) 826-8889, [email protected]
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