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STOCKHOLM IT VENTURES AB PARTNERS WITH VALENS BANK TO BOLSTER BLOCKCHAIN PLATFORM AND FINANCIAL SERVICE OFFERINGS

STOCKHOLM, SWEDEN (3 April, 2018) – Stockholm IT Ventures AB (ISIN SE 0006027546 – Frankfurt Stock Exchange: SVAB), a Swedish technology company specialising in clean and efficient low-cost energy crypto currency mining, today announced it has partnered with Valens Bank, a multi-currency financial services start up. As part of the agreement, Stockholm IT Ventures will provide mining and production of the bank’s cryptocurrency token, the Valens Coin, utilizing Valens Bank’s blockchain platform. Additionally the company will retain rights to its banking license to create a white-label solution under the Stockholm IT Ventures brand.
 
“This partnership is another step forward to our commitment and vision of enabling a stable, reliable, and powerful global monetary platform across the blockchain,” said Anthony Norman, CEO, Stockholm IT Ventures. “The combined expertise of our two companies will provide a fully functioning infrastructure to send, receive and store credit card payments with crypto coins. We are delivering on the full capabilities of the blockchain.”
 
“Valens Bank are pleased to partner up with Stockholm IT Ventures. We see great strength in their skills and know-how within the crypto industry that will no doubt ensure a safe and successful production of our Valens Coin,” said Torben Pedersen, Director, Valens Bank. “We believe the setup with offering standard financial services efficiently combined with cryptocurrencies will be a game changer within the offshore banking and crypto industry.”
 
About Stockholm IT Ventures AB
Stockholm IT Ventures AB is a Swedish public company listed on the Frankfurt Stock Exchange since 2014 under the ticker symbol SVAB. The company focuses on clean and efficient low-cost energy cryptocurrency mining and production, and in blockchain related technology. All mining activities shall use clean and sustainable energy from hydro power stations in Northern Europe, requiring up to 80% less energy compared to ordinary mining for Bitcoin. The Stockholm IT Ventures stock represents a green investment in cryptocurrency technology. For more information, visit www.stockholmit.co. You can also find them on Facebook, Twitter and LinkedIn. Details on the company’s Bytemine (BYTM) token and White Paper can be found here: www.bytemine.io.
 
About Valens Bank Ltd.
Valens Bank Ltd. is a private offshore bank. The bank serves clients whose requirements range from simply wishing to preserve their assets in the long term, right through to those with a more entrepreneurial spirit. Valens Bank is well known for the excellent quality of its traffic of international payments in all major currencies, and confidentiality and respect of each entities privacy is a fundamental value. For more information, visit www.valensbank.com.
 
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Media Contacts:
 
Vibrate Communications for Stockholm IT Ventures
leslie@vibratecommunications.com
tyrone@vibratecommunications.com