BTLtm Completes Name Change to Interbit Ltd. and Grants Stock Options

CALGARY, Alberta and LONDON, Jan. 10, 2019 (GLOBE NEWSWIRE) -- INTERBIT LTD. (TSX Venture: IBIT) (the "Company") is pleased to announce that it has completed its previously announced name change from BTL Group Ltd. to "Interbit Ltd." At the opening of trading today, the common shares of the Company commenced trading under its new trading symbol "IBIT".

To correct the previous press release, the Company's website will be www.interbit.io.

There is no change in the share capital of the Company, and shareholders are not required to exchange their existing share certificates for new certificates.  The Company's new CUSIP number is 45845F100 and its new ISIN number is CA45845F1009.

Grant of Stock Options

The Company announces the grant of options to acquire a total of 150,000 common shares of the Company at an exercise price of CAD$1.52 per share, such options to vest as to one-half on the first anniversary of the grant of the options and one-half on the second anniversary of the grant of the options. The options expire five years from the date of grant.  These options have been granted to a director of the Company. 

ABOUT THE COMPANY AND THE INTERBIT^TM PLATFORMS

The Company is a technology platform provider listed on the TSX Venture Exchange and operating from both Canada and the UK with offices in Calgary and London.  The Interbit^TM platforms are 3^rd generation blockchain platforms which enable business applications to be built quickly, easily and securely.

For further information please contact:

Dominic McCann, CEO
Phone: +1 855 256 5246
Email: [email protected]
Website: www.interbit.io

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this release are forward-looking statements, which include further development of the Company's business relationships and business and the timing, development, launch and success of the Company's technologies and products, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the development of competitive technologies, the marketplace acceptance of the Company's technologies and products, as well as those risk factors discussed or referred to in the Company's annual Management's Discussion and Analysis for the year ended December 31, 2017 available at www.sedar.com, many of which are beyond the control of the Company. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release.  Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.