Tickers: XCNQ:SX, PINX:SXOOF
Montreal, Quebec / TheNewswire / May 24, 2018 - St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that its subsidiary ZeU Crypto Networks Inc. has appointed Oliver Qian as Chief Architect. While serving as Chief Architect at ZTE Corporation since 2011, Mr. Qian led the 3,000-person CTO development department that was responsible for Cloud Computing, Data Platform and Mobile Internet platform projects. During his tenure at ZTE he led the blockchain development team that implemented multi-chain smart contracts enabling two end users to use each other's data without acquiring the data. The blockchain is now in use in ZTE's supply chain financial services, as well as, Nanjing City for government certificate verification and exchange.
Prior to his tenure at ZTE, Mr. Qian served as a Director of Alibaba.com where he led a 200-person development team that was responsible for Alibaba's technology platform. His key developments include the first generation of Alibaba's distributed database middleware and a distributed micro service framework called Dubbo that was one of the most successful open source micro service frameworks in China.
Frank Dumas, President & Interim CEO of ZeU Crypto Networks stated "The appointment of Mr. Qian is a major first milestone for ZeU and serves as high level validation of both the quality of our blockchain technology and its capabilities. We look forward to watching him lead our current team of great developers towards building world class products."
ON BEHALF OF THE BOARD OF DIRECTORS
FRANK DUMAS, PRESIDENT & CEO
Medias & Regulators Only 514.295.9878
St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.
The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec's North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges' stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
The release contains forwarding looking information and statements as defined by law including, without limitation, Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward-looking statements"), respecting St-Georges' plans to spin-out its subsidiary ZeU. which is intended to be listed on the Canadian Securities Exchange. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by the forward-looking statements including that the spin-out may not be completed as planned or at all due to failure to obtain shareholder or regulatory approval ,the inability to complete the Acquisition, raise sufficient capital to adequately fund ZeU or a decision of the board of St-Georges not to proceed, which decision can be made at any time prior to closing. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and a number of assumptions that may prove to be incorrect, including, without limitation, assumptions about general business and economic conditions, the timing and receipt of required approval and continued availability of capital and financing. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein. The foregoing list is not exhaustive and St-Georges undertakes no obligation to update any of the foregoing except as required by law.
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