Bullet Blockchain Announces Plans to Uplist BULT’s Common

Firm Appoints Elkana Amitai CPA as Firm Accounting Oversight Board Auditor

Bullet Reaffirms its Authorized Pursuit of Unlicensed Violators of The Firm’s Bitcoin ATM Mental Property

RENO, NV, Oct. 19, 2023 (GLOBE NEWSWIRE) — by way of NewMediaWire - Bullet Blockchain, Inc. (“BULT” or the “Firm”) (OTC: BULT), a pioneering software program improvement and SaaS firm on the forefront of blockchain applied sciences and Net 3.0, is happy to announce the appointment of the Elkana Amitai CPA agency, a Public Firm Accounting Oversight Board (PCAOB) auditor, to supervise the Firm’s monetary reporting and compliance efforts because the Firm prepares for uplisting its widespread inventory (OTC: BULT:) to the OTCQB market.

The retention of a PCAOB auditor is one other strategic transfer that reinforces the Firm’s dedication to transparency, accountability, and sustaining the very best requirements of company governance. As the corporate continues to develop and strengthen its presence within the blockchain and Bitcoin ATM trade, the engagement of a PCAOB auditor demonstrates the Firm’s dedication to upholding the very best degree of monetary integrity.

The Firm acknowledges the importance of sturdy monetary oversight in at present’s dynamic enterprise surroundings. By enlisting the companies of the Elkana Amitai CPA agency and their expertise in PCAOB accounting, the corporate goals to make sure that its monetary statements precisely replicate its operations and strengthening monetary place. This appointment underscores the Firm’s efforts to keep up belief amongst its stakeholders, together with buyers, shareholders, and regulatory our bodies.

Along with this necessary appointment, BULT can be excited to announce its plans to uplist its widespread inventory to the OTCQB market. This transition displays the Firm’s strengthening monetary place, progress prospects, and dedication to offering buyers with elevated liquidity and transparency. The transfer to the OTCQB market will allow a broader viewers of buyers to take part in BULT’s success and progress story.

The Firm stays devoted to its mission of creating progressive blockchain applied sciences for the Bitcoin ATM trade, and these developments signify its ongoing dedication to excellence and monetary transparency. The Firm seems ahead to a productive partnership with the Elkana Amitai CPA agency and the alternatives that uplisting to the OTCQB market will present to our stakeholders.”

As previously announced, BULT acquired First Bitcoin Capital LLC, which owned an mental property portfolio consisting of the rights to 2 Bitcoin ATM patents. By advantage of its subsidiary First Bitcoin Capital LLC, BULT’s mental property consists of US Patent Nos. US9135787B1 “Bitcoin kiosk/ATM machine and system integrating enrollment protocol and technique of utilizing the identical” (US9135787B1) and US10332205B1 “Bitcoin kiosk/ATM machine and system and technique of utilizing the identical” (US10332205B1) that are extant. The mixed patents acquired by BULT are vital for Bitcoin ATM networks to function. BULT plans to introduce a number of licensing applications for Bitcoin ATM producers, which is able to embrace a per-transaction licensing payment, income share, or accomplice program with Bitcoin ATM owner-operators. As previously announced, BULT has retained counsel to focus on unlicensed Bitcoin ATM operators and producers.

Bitcoin ATMs have gotten more and more fashionable, as they provide a handy manner for individuals to entry the Bitcoin market. Bitcoin ATMs enable customers to conveniently purchase and promote Bitcoin for money utilizing a free-standing kiosk related in measurement to a conventional ATM machine. Because the adoption of cryptocurrencies continues to rise, the way forward for Bitcoin ATMs in the US seems promising. As such, BULT seeks to convey this rising trade into compliance with, and to stop violating, BULT’s mental property.

About Bullet Blockchain
Headquartered in Reno, Nevada, Bullet Blockchain Inc. – widespread inventory is publicly traded on the OTC Markets underneath the image (BULT) – is a diversified software program improvement and SaaS firm, specializing in blockchain applied sciences and Net 3.0, and although its wholly owned subsidiary, First Bitcoin Capital LLC, the proprietor and licensor of two Bitcoin ATM patents. BULT is dedicated to driving the improvements wanted to form the way forward for digital and blockchain-related platforms by means of digital expertise and decentralized blockchain options. Administration is devoted to fast progress and growing the shareholders’ worth.

Shareholders, potential buyers, and others ought to notice that we announce materials occasions and materials monetary info to our shareholders and the general public utilizing our web site and the social media addresses listed under, in addition to in our OTC Markets’ disclosures, press releases, public convention calls, and webcasts. We additionally use social media to speak with our e mail subscribers and the general public about BULT, companies, and different associated info. It’s potential that the knowledge we publish on social media could possibly be deemed to be materials info. Due to this fact, we encourage shareholders, the media, and others involved in BULT to evaluation the knowledge we publish on BULT’s social media channels listed under. This checklist could also be up to date occasionally.

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Ahead-Trying Statements:
Statements on this press launch that aren’t statements of historic or present truth represent “forward-looking statements.” Such forward-looking statements contain identified and unknown dangers, uncertainties, and different unknown elements that would trigger the Firm’s precise working outcomes to be materially totally different from any historic outcomes or from any future outcomes expressed or implied by such forward-looking statements. Along with these elements, precise future efficiency, outcomes, and outcomes might differ materially due to extra basic elements, together with (with out limitation) basic trade and market situations and progress charges, financial situations, and governmental and public coverage modifications. The forward-looking statements included on this press launch symbolize the Firm’s views as of the date of this press launch, and these views might change in some unspecified time in the future sooner or later. Nevertheless, the Firm particularly disclaims any obligation to take action. These forward-looking statements shouldn’t be relied upon as representing the Firm’s views as of any date subsequent to the date of the press launch. Along with statements that explicitly describe these dangers and uncertainties, readers are urged to contemplate statements that include phrases similar to “believes,” “perception,” “expects,” “anticipate,” “intends,” “intend,” “anticipate,” “anticipates,” “plans,” “plan,” to be unsure and forward-looking.