Blaqclouds, Inc. (OTC: BCDS) Completes Acquisition of ZEUS Blockchain Partners, Inc.

Rhea-AI Summary

Blaqclouds (OTC: BCDS) has completed the acquisition of ZEUS Blockchain Partners from DMS Technology. The deal, valued at $750,000, was executed through a convertible promissory note with 6% annual interest and a conversion price of .00825. The acquisition includes 100% of ZEUS's outstanding shares (100,000,000 shares).

The transaction brings several key blockchain assets under Blaqclouds' control, including: ZEUSChainScan.io (Layer 1 EVM blockchain), ZEUSx.io (Layer 2 DEX), ZEUSNFTx.io (NFT minting engine), ZEUSxPay.io (crypto payment plugin), ShopwithCrypto.io (retail application), TheAlley.io (media platform), and AmpleSwap.com (multi-chain DEX). Additionally, Blaqclouds acquired over 1,000 blockchain-based domains for future DApp development.

Positive

• Acquisition of multiple revenue-generating blockchain platforms and technologies
• Expansion into DeFi space with established products
• Portfolio includes over 1,000 blockchain domains for future development
• ZEUSChainScan.io platform capable of processing 300,000 TPS
• ZEUSxPay.io supports 500+ tokens across multiple networks

Negative

• Issuance of convertible note may lead to future shareholder dilution
• $750,000 debt obligation with 6% annual interest

ROBESONIA, Pa., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Blaqclouds, Inc. (OTC: BCDS) is pleased to announce the successful acquisition of ZEUS Blockchain Partners, Inc. ("ZEUS") from DMS Technology, Inc. This strategic acquisition solidifies Blaqclouds’ position as a leader in blockchain innovation while significantly expanding its footprint in the rapidly evolving decentralized technology sector.

Under the terms of the agreement, Blaqclouds, Inc. acquired 100% of the issued and outstanding shares of ZEUS, representing 100,000,000 shares of ZEUS Common Stock. As consideration, Blaqclouds issued a one-year convertible promissory note valued at $750,000 with an annual interest rate of 6% and a conversion price of .00825.

The transaction successfully closed on December 8, 2024, following the satisfaction of all customary closing conditions. Effective immediately, ZEUS will be fully integrated into the Blaqclouds ecosystem, enabling a unified approach to blockchain solutions, fostering technological innovation, and strengthening Blaqclouds’ presence in the decentralized finance (DeFi) space.

This acquisition highlights Blaqclouds’ commitment to delivering innovative, scalable blockchain solutions to a global audience, further reinforcing its position as a leader in the blockchain industry.

Key Assets Acquired

As part of the acquisition, Blaqclouds has secured a comprehensive suite of blockchain and internet properties, including:

1. ZEUSChainScan.io:
   • A Layer 1 EVM blockchain with a native token, ZEUSx, used for gas and transaction fees.
   • Features 3-second block times and processing speeds of up to 300,000 TPS.
2. ZEUSx.io:
   • A Layer 2 decentralized exchange (DEX) for swapping and creating liquidity pools on the ZEUS Chain.
3. ZEUSNFTx.io:
   • A Layer 2 NFT minting engine on the ZEUS Chain.
   • ZEUSx is the platform's native token.
4. ZEUSxPay.io:
   • A Layer 2 crypto payment plugin that supports over 500 tokens across multiple networks, including ETH, BNB, ZEUS, BASE, MATIC, and AVAX.
   • Rebranded from DiVinciPay in Q3 2024, this platform integrates with WIX, WordPress, and custom code solutions for seamless payment processing.
5. ShopwithCrypto.io:
   • A retail application enabling users to purchase gift cards from global merchants using cryptocurrency through ZEUSxPay.io.
6. TheAlley.io:
   • A Layer 2 media application featuring resources for businesses accepting cryptocurrency, the Alley Cat Podcast, and a proprietary member chat platform.
7. AmpleSwap.com:
   • A Layer 2 DEX built on the ZEUS, BNB, and ETH chains, utilizing AMPLE and ZEUSx tokens for transactions.
     

In addition, Blaqclouds has acquired a portfolio of over 1,000 blockchain-based domains that will serve as the foundation for future decentralized application (DApp) projects.

Strategic Rationale

This acquisition aligns with Blaqclouds' commitment to advancing blockchain innovation and leveraging ZEUS Blockchain Partners' expertise in creating scalable, secure, and efficient platforms. Together, the companies aim to accelerate blockchain adoption, expand product offerings, and maximize shareholder value.

Leadership Commentary

“We are thrilled to welcome ZEUS Blockchain Partners into the Blaqclouds family,” said Marjorie Schaefer, CEO of Blaqclouds, Inc. “This acquisition represents a significant milestone in our journey to become a global leader in blockchain technology. ZEUS’s robust platform and innovative approach align perfectly with our mission to drive growth and excellence.”

A spokesperson from ZEUS Blockchain Partners added: “Joining Blaqclouds marks an exciting new chapter for ZEUS. Together, we will unlock new opportunities, accelerate blockchain adoption, and deliver unparalleled value to our customers and partners.”

About Blaqclouds, Inc. (OTC: BCDS)

Blaqclouds, Inc. is a publicly traded company dedicated to developing innovative blockchain and decentralized solutions. The company focuses on leveraging technology to deliver scalable platforms, empower businesses, and create long-term shareholder value.

About ZEUS Blockchain Partners, Inc.

ZEUS Blockchain Partners, Inc. is a Colorado-based blockchain technology company specializing in decentralized finance (DeFi) and scalable blockchain ecosystems. ZEUS has pioneered innovative blockchain applications, providing secure and efficient solutions for businesses and individuals.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially from those projected. Blaqclouds, Inc. undertakes no obligation to update any forward-looking statements.

Media Contact:

Blaqclouds, Inc.
Email: hello@blaqclouds.io
Phone: 307-323-4430
Website: www.blaqclouds.io

FAQ

What is the value of Blaqclouds (BCDS) acquisition of ZEUS Blockchain Partners?

Blaqclouds acquired ZEUS Blockchain Partners for $750,000 through a convertible promissory note with 6% annual interest and a conversion price of .00825.

What key assets did Blaqclouds (BCDS) acquire in the ZEUS Blockchain Partners deal?

Blaqclouds acquired several blockchain platforms including ZEUSChainScan.io, ZEUSx.io, ZEUSNFTx.io, ZEUSxPay.io, ShopwithCrypto.io, TheAlley.io, AmpleSwap.com, and over 1,000 blockchain-based domains.

When did Blaqclouds (BCDS) complete the acquisition of ZEUS Blockchain Partners?

Blaqclouds completed the acquisition of ZEUS Blockchain Partners on December 8, 2024.

How many ZEUS Blockchain Partners shares did Blaqclouds (BCDS) acquire?

Blaqclouds acquired 100% of ZEUS Blockchain Partners' issued and outstanding shares, totaling 100,000,000 shares of ZEUS Common Stock.