Market Overview

tZERO to Trade KODAKCoin on Its Future U.S. Regulated Security Token Trading Platform

Share:

Overstock.com's
blockchain subsidiary, t0.com,
Inc. ("tZERO") announced today its intent to provide advisory services
to WENN Digital in connection with its recently announced KODAKCoin
Security Token Offering. In addition, tZERO will advise on secondary
trading of the KODAKCoin.

The parties intend that the KODAKCoin will launch in Q1 2018. KODAKCoin
will be the first third-party security token to launch on the security
token platform that tZERO is developing. KODAKCoin will serve as the
currency to power the recently announced KODAKOne digital imagery
platform. The parties intend to follow the tZERO roadmap by offering a
security token in accordance with U.S. federal securities laws
requirements with subsequent trading to occur on the tZERO trading
platform. tZERO will provide end to end advisory services, technology
implementation and trading services for KODAKCoin. The suite of services
offered by tZERO will include encryption of accounts, price quoting,
clearing and reconciliation services, and anti-money laundering and
know-your-customer verification.

"tZERO's vision in being able to develop and provide a securities token
platform that complies with U.S. federal securities laws is key to the
success of the KODAKCoin," said Jan Denecke, Co-Founder of the KODAKOne
platform and KODAKCoin. "The KODAKCoin offering is centered around
providing photographers security and peace of mind, and the tZERO
platform allows us to provide that same security to our token holders as
well."

Last week, Kodak and WENN Digital announced their brand licensing
partnership for the KODAKOne platform and KODAKCoin cryptocurrency.
Utilizing blockchain technology, the KODAKOne platform is an encrypted,
digital ledger of rights ownership for photographers to register both
new and archived work that they can then license within the platform.
With KODAKCoin, participating photographers are invited to take part in
a new economy for photography, receive payment for licensing their work
immediately upon sale, receive a share of overall platform revenue, and
for both professional and amateur photographers, sell their work
confidently on a secure blockchain platform.

"The Crypto Revolution is upon us and to have KODAKCoin on the tZERO
platform is a tremendous stepping stone in continuing the mainstream
adoption of what, I would assert, may prove to be the most powerful
innovation in history. As U.S. regulators seek securities-law compliant
applications for companies issuing security tokens, the issuance and
trading of KODAKCoin in compliance with securities laws will empower
entrepreneurs and protect photographers' property and licensing rights,
while achieving another critical step in defining a new wave of digital
capital formation. We welcome the KODAKCoin into the tZERO family and
look forward to working with this iconic brand," said tZERO CEO Patrick
Byrne.

The KODAKCoin security token offering will open on January 31, 2018 and
will be open to accredited investors from the U.S., U.K. and Canada. For
more information, visit www.kodakcoin.com.
This security token offering is being conducted pursuant to an exemption
from the registration requirements of the U.S. Securities Act of 1933,
as amended, in accordance with Rule 506(c) of Regulation D.

About KODAKCoin

KODAKCoin is the currency for KODAKOne, an Image Rights Management
Platform created in partnership with Eastman Kodak (KODK:NYSE) and WENN
Digital Inc. Eastman Kodak is a technology company focused on imaging
providing – directly and through partnerships with other innovative
companies – hardware, software, consumables and services to customers in
graphic arts, commercial print, publishing, packaging, entertainment and
commercial films, and consumer products markets. WENN Digital is an
experienced development and operations team with deep expertise in
proprietary blockchain development, big data, copyright law, AI-enabled
image recognition and post licensing monetization systems. Further, WENN
Digital leverages the market position of its 30-year old subsidiary WENN
Media, one of the world's largest entertainment news wire services which
works with virtually all the major media outlets and approximately 2500
professional photographers world wide.

For additional information please visit www.kodakcoin.com.

About WENN Digital

WENN Digital is an experienced development and operations team with deep
expertise in proprietary blockchain development, big data, copyright
law, AI-enabled image recognition and post licensing monetization
systems. Further, WENN Digital leverages the market position of its
30-year old subsidiary WENN Media, one of the world's largest
entertainment news wire services which works with virtually all the
major media outlets and approximately 2500 professional photographers
world wide. KODAKCoin is the currency for KODAKOne, an Image Rights
Management Platform created by WENN Digital under a brand licensing
partnership with Eastman Kodak Company (KODK:NYSE). Kodak is a
technology company focused on imaging providing – directly and through
partnerships with other innovative companies – hardware, software,
consumables and services to customers in graphic arts, commercial print,
publishing, packaging, entertainment and commercial films, and consumer
products markets.

About tZERO

t0.com, Inc. ("tZERO") is a majority owned subsidiary of Overstock.com,
focusing on the development and commercialization of financial
technology (FinTech) based on cryptographically-secured, decentralized
ledgers – more commonly known as blockchain technologies. Since its
inception, tZERO has pioneered the effort to bring greater efficiency
and transparency to capital markets through the integration of
blockchain technology. On December 18, 2017, tZERO opened its global
$250 million USD Initial Coin Offering (ICO) to accredited investors.

Forward-Looking Statements

This press release contains forward-looking statements relating to the
issuance and trading of the KODAKCoin and the development and operation
of the tZERO security token trading platform. Forward-looking statements
can often be identified by words such as "anticipate," "may," "believe,"
"could," "should," "when," "estimate," "expect," "intend," "plan,"
"predict," "potential," "forecasts," "project," and other similar
expressions. Any statement other than a statement of a historical fact
should be understood to be a forward-looking statement. Forward-looking
statements are made based upon current expectations and beliefs
concerning future developments and their potential effects. Such
forward-looking statements are not guarantees of future performance.
Several important factors could affect actual results and could cause
such results to differ materially from expectations reflected in such
forward-looking statements. Such factors include, without limitation:

  • Legal and regulatory developments and the application of laws and
    regulations to the KODAKCoin and the tZERO trading platform;
  • Technological difficulties that impede the issuance of the KODAKCoin
    and/or the successful development and launch of the tZERO security
    token trading platform;
  • Failure to secure requisite regulatory approvals; and
  • Malicious cyberattacks or data protection failures.

All forward-looking statements in this press release speak only as of
the date hereof. WENN Digital and tZERO expressly disclaim any
obligation or undertaking to disseminate any updates or revisions to any
forward-looking statement contained herein to reflect any change in its
expectation with regard thereto or any change in events, conditions, or
circumstances on which any such statement is based.

View Comments and Join the Discussion!