PHILADELPHIA, Feb. 7, 2018 /PRNewswire/ — Integrated Ventures Inc. (OTCQB: INTV)(“Company”) is pleased to announce that it has acquired CreditCalc from ITBS, LLC, a high-end loan management and calculation platform. This stock based transaction is expected to fast track the development lifecycle of Company’s blockchain based lending platform – LoanFunder.
CreditCalc, created in 2010 by ITBS team, currently powers www.banker.ua and handles an estimated 2,000 users on monthly basis while averaging 200,000 daily visits and generating over 600,000 page views.
The loan calculation platform is a scalable solution and can be configured to factor in all the features of a given market conditions, capable of offering users a detailed summary of all applicable fees, repayment options and schedules.
CreditCalc allows lenders and borrowers to perform complex calculations related to all types of loans including business loans, car loans, mortgages and other financial instruments. In addition, it offers users an access to the custom credit programs and ability to shop and compare for different types of loan products.
“Our team has performed the standard due diligence and beta testing of the CreditCalc and came to the conclusion that by acquiring this platform, the Company will be able to fast forward the launch of the LoanFunder,” said Steve Rubakh, CEO of Integrated Ventures. “This acquisition is expected to significantly accelerate the development of our blockchain based loan platform and to obtain an extensive and valuable database of lenders and borrowers.”
About Integrated Ventures Inc: Integrated Ventures is focused on launching and operating companies in the digital currency sector:
- BitcoLab – crypto currency investing and mining
- Nemesis – manufacturing & sales of GPU mining rigs and equipment
- LoanFunder – blockchain based loan management platform
- MMC – mobile mining centers
For more details, please visit www.integratedventuresinc.com.
About LoanFunder: The world’s first financial platform, designed to integrate with a decentralized and encrypted lending ledger, which offers a secure, efficient, verifiable and permanent way of storing loan related information.
About www.banker.ua: Ukraine’s leading financial portal focused on providing of banking related information and custom loan management services. Features comprehensive information about major Ukrainian Banks, their corporate structures, connects users with the best funding deals, offers banking services and discusses the latest financial news around the world.
***About Cryptocurrency Investments & Risks***
Integrated Ventures urges all current and potential investors to visit: (1) SEC website: https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11, (2) NASAA website: http://www.nasaa.org/44073/nasaa-reminds-investors-approach-cryptocurrencies-initial-coin-offerings-cryptocurrency-related-investment-products-caution/ and (3) FINRA website: https://www.finra.org/investors/highlights/dont-fall-cryptocurrency-related-stock-scamsto understand the risks involved in cryptocurrency investing.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words “may,” “will,” “should,” “plans,” “explores,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the company’s control.
SOURCE Integrated Ventures, Inc