Beskrivning
Land | Storbritannien |
---|---|
Sektor | Tjänster |
Industri | Allmänna tjänster |
LONDON: 19 October 2018 - The Marketing Group plc (the "Company"), which trades as RYVL, today announces the completion of phase one of the TRUTH project and the appointment of Ollie Southgate as TRUTH's CEO.
Ollie Southgate, previously CTO of TRUTH, will be taking the reins from Mary Keane-Dawson as CEO in order to drive essential technical product developments which are key at this time. Co-founder Mary will remain part of the team in an advisory and ambassadorial role.
In order to drive the next phase in its roadmap, TRUTH needs to focus on its technology platform development and, as part of the business plan, will be seeking additional funding. This will be via the sale of equity in TRUTH, as well as token sales from the ICO which is now scheduled for public sale in early 2019.
Adam Graham, Executive Chairman, RYVL, commented: "We have been delighted to help incubate TRUTH over the past year and are pleased with progress so far. It has been important to prove the concept in the market and also make sure any technical requirements can be met. TRUTH has been advised to wait until new year to complete the ICO due to current market conditions around ICOs."
About TRUTH
TRUTH was launched on November 15th, 2017, to provide transparency in the media supply chain via blockchain smart contract technology. In 2018, development commenced on Truth Data Cloud, a permissioned data wallet that allows consumers to be rewarded for the use of their data, and provide an application layer for third party D-Apps to be developed on the platform.
About RYVL
RYVL is the operating name of The Marketing Group Plc. (https://ryvl.com/)
RYVL is a global network of complementary marketing businesses. It is building a lean and technology centric approach to providing a global marketing solution, fit for the needs of modern brands.
The Marketing Group Plc (Ticker: TMG.ST) is listed on Nasdaq First North, Stockholm www.RYVL.com.
Mangold Fondkommission AB, +46 8-5030 15 50, is the Company's Certified Adviser and liquidity provider.
Investor Relations
Tim Metcalfe
Miles Nolan
Phone: +44 (0) 203 934 6630
Email: investorrelations@ryvl.com