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NetworkNewsWire Announces Publication on Blockchain's Increasing Value to the Energy Sector

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NEW YORK, Jan. 19, 2018 (GLOBE NEWSWIRE) -- via NetworkNewsWire -- NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Petroteq Energy, Inc. (TSX:PQE) (OTCQX:PQEFF), a Canadian-registered, publicly traded company engaged in the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits.

To view the full publication, titled "Expectations for 2018 on Blockchain Applications in the Energy Industry," visit: https://www.networknewswire.com/expectations-2018-blockchain-applications-energy-industry/

As an innovative petroleum technology company that has always been a leader in developing new and advanced oil extraction and refining technologies Canadian based Petroteq Energy Inc. (TSX.V:PQE) (OTCQX:PQEFF) has decided to address the lackluster global supply chain channels in the oil and gas industry. The industry is dynamic and complex, with companies operating in the sector facing daily fluctuations in supply and demand, constantly changing geopolitics and increasing regulatory oversight. These complexities, coupled with the difficulties of oil and gas exploration and production, make it necessary to have an efficient supply chain management system.

Subsequently, on November 6, 2017, Petroteq Energy announced an agreement with First Bitcoin Capital Corp. (OTC:BITCF) to co-develop a blockchain technology-based supply chain management platform, called Petrobloq (www.petrobloq.com), for the global oil and gas industry.

About Petroteq Energy Inc.
Petroteq Energy Inc. is a Canadian-registered holding company, publicly trading on the TSX Venture Exchange (PQE) and the OTCQX trading platform (PQEFF). Its offices are located in Toronto, Ontario, Canada and Los Angeles, California, with its initial plant location in Vernal, Utah. Petroteq is focused on value creation through the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits.

For more information about Petroteq Energy Inc. visit: https://Petroteq.Energy/. For more on Petrobloq visit: https://Petrobloq.com/

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today's market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

Corporate Communications Contact:

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

 

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