Bullet Blockchain Names Eric Noveshen Executive Vice-President and Interim-CFO

Rhea-AI Summary

Bullet Blockchain (OTC: BULT) has appointed Eric Noveshen as Executive Vice President and interim-Chief Financial Officer. Noveshen brings over 28 years of Wall Street experience and cryptocurrency expertise, having been involved in Bitcoin mining since 2013. His appointment follows BULT's recent Memorandum of Understanding with Sailo Technologies CY to provide cyber-security solutions for Bitcoin ATMs across the United States.

The company owns important Bitcoin ATM patents through its subsidiary First Bitcoin Capital , including US Patent Nos. US9135787B1 and US10332205B1, which are essential for Bitcoin ATM operations. Noveshen's primary focus will be expanding revenue streams, streamlining accounting processes, and enforcing Bullet's intellectual property rights.

Positive

• Appointment of experienced executive with 28+ years of Wall Street experience and crypto expertise
• Strategic MOU with Sailo Technologies for exclusive Bitcoin ATM cyber-security solutions
• Ownership of two essential Bitcoin ATM patents critical for industry operations
• Potential for new revenue streams through patent licensing initiatives

Negative

• None.

Wall Street and Crypto Veteran Joins Bitcoin ATM Patent Holder to Drive Strategic Growth

RENO, Nev., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Bullet Blockchain, Inc. (“Bullet Blockchain” or the “Company”), (OTC: BULT), a transformative BaaS (Blockchain-as-a-Service) company at the forefront of blockchain and Bitcoin ATM technologies, has appointed Eric Noveshen as its Executive Vice President and interim-Chief Financial Officer, effective immediately.

Mr. Noveshen brings to the Company more than 28 years of Wall Street and entrepreneurial experience. Throughout his career, Noveshen has financed both private and publicly traded companies, operated numerous businesses both in and out of the financial services arena—including entertainment & restaurant business ventures, and Private Equity funds. Mr. Noveshen’s in-depth knowledge of Intellectual Property (IP) has allowed him to assist his clients and personal ventures with establishing protections for various IP types while also litigating the defense of intellectual property. In 2013, Noveshen began Bitcoin Mining as a hobby and parlayed those efforts by growing his Bitcoin mining rigs to international mining partnerships and providing ‘DeFi type’ financing services to crypto and blockchain entrepreneurs.

Simon Rubin, CEO of Bullet Blockchain Inc., stated, “Eric Noveshen brings to Bullet Blockchain, a great wealth of diversified experience. His knowledge in the field of finance, operations, intellectual property and technology, makes him ideally suited for guiding Bullet through its next phase of growth and market expansion.”

“First and foremost, I’m a ‘Bitcoin Bull,’ and throughout the years I have developed a strong working knowledge of cryptocurrencies, the blockchain and Web3 ecosystems,” stated, Eric Noveshen, the newly appointed Executive Vice-President and Interim CFO of Bullet Blockchain, Inc. “Combine this with close to 30 years of Wall Street experience, I can confidently say that I have the wherewithal to ethically, efficiently and effectively bring these worlds together to the greater benefit of Bullet’s economic stability, growth and future prosperity. And what better way to do that than with the company that holds the only patents issued by the USPTO for Bitcoin ATMs, which will help to further Bullet to be at the forefront of increasing the national adoption of crypto and provide equitable access to the crypto currency marketplace across America.”

“My first order of business will be to expand BULT revenue streams while streamlining the Company’s accounting processes and enforcing Bullet’s intellectual property.”

This announcement comes on the heels of Bullet Blockchain entering into a Memorandum of Understanding (MOU) with Sailo Technologies CY Ltd (Sailo); intended to designate Bullet as Sailo’s exclusive partner in providing advanced cyber-security solutions to Bitcoin ATMs across the United States. This move not only helps to protect and reinforce Bullet’s IP—part of Mr. Noveshen’s specialty—but to also protect crypto ATM customers country-wide.

Noveshen concluded, “I am very excited to join Bullet Blockchain at this pivotal stage. And as we move forward into 2025, I will do all that’s within my available powers to deliver value, confidence and opportunity to Bullet Blockchain and our stakeholders.”

Bullet Blockchain’s Intellectual Property

Bullet Blockchain continues to advance its licensing initiatives, offering operators and manufacturers a variety of partnership models including transaction-based fees and revenue-sharing opportunities centered around its intellectual property. As previously announced, Bullet Blockchain acquired First Bitcoin Capital LLC, which owned an intellectual property portfolio consisting of the rights to two Bitcoin ATM patents, becoming the owner and licensor of these valuable assets. By virtue of its subsidiary First Bitcoin Capital LLC, Bullet Blockchain’s intellectual property includes the ownership and the exclusive rights to US Patent Nos. US9135787B1 “Bitcoin kiosk/ATM device and system integrating enrollment protocol and method of using the same” (US9135787B1) and US10332205B1 “Bitcoin kiosk/ATM device and system and method of using the same” (US10332205B1), respectively. The combined patents acquired by Bullet Blockchain are critical patented technologies for Bitcoin ATMs and networks to operate.

About Bullet Blockchain 
Headquartered in Reno, Nevada, Bullet Blockchain Inc. – common stock is publicly traded on the OTC Markets under the symbol (BULT) – is a diversified software development and SaaS company, specializing in blockchain technologies and Web 3.0, and though its wholly owned subsidiary, First Bitcoin Capital LLC, the owner and licensor of two Bitcoin ATM patents. Bullet Blockchain is committed to driving the innovations needed to shape the future of digital and blockchain-related platforms through digital technology and decentralized blockchain solutions. Management is dedicated to rapid growth and increasing the shareholders’ value. 

Shareholders, potential investors, and others should note that we announce material events and material financial information to our shareholders and the public using our website and the social media addresses listed below, as well as in our OTC Markets’ disclosures, press releases, public conference calls, and webcasts. We also use social media to communicate with our email subscribers and the public about Bullet Blockchain, services, and other related information. It is possible that the information we post on social media could be deemed to be material information. Therefore, we encourage shareholders, the media, and others interested in Bullet Blockchain to review the information we post on Bullet Blockchain’s social media channels listed below. This list may be updated from time to time. 
  
Follow us at: 

• Find BULT news at http://www.BulletBlockchain.com  
• Follow BULT news on X (f/k/a Twitter) @BULT_stock
• Follow BULT on Reddit at  https://www.reddit.com/r/BULT/  
• Follow BULT on Facebook at  https://www.facebook.com/BulletBlockchainInc/
• Follow BULT on LinkedIn at  www.linkedin.com/in/bullet-blockchain-inc 
• Find investor and general information at https://www.otcmarkets.com/stock/BULT/profile
• For investor and general information, please email  contact@BulletBlockchain.com 
  

Forward-Looking Statements: 
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release, and these views could change at some point in the future. However, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. 

Contact us: contact@BulletBlockchain.com

FAQ

What patents does Bullet Blockchain (BULT) own for Bitcoin ATMs?

BULT owns two critical Bitcoin ATM patents through First Bitcoin Capital : US9135787B1 for Bitcoin kiosk/ATM enrollment protocol and US10332205B1 for Bitcoin kiosk/ATM device systems and methods.

What is the significance of BULT's partnership with Sailo Technologies in 2025?

The partnership makes BULT the exclusive provider of advanced cyber-security solutions for Bitcoin ATMs across the United States, strengthening their intellectual property protection and customer security.

What are Eric Noveshen's primary objectives as BULT's new EVP and interim-CFO?

Noveshen's main objectives are expanding revenue streams, streamlining accounting processes, and enforcing Bullet's intellectual property rights.

How does BULT plan to monetize its Bitcoin ATM patents?

BULT offers various partnership models including transaction-based fees and revenue-sharing opportunities centered around its intellectual property licensing to operators and manufacturers.