Link Global Technologies completes the purchase of Clean Carbon Equity
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VANCOUVER, BC / ACCESSWIRE / November 2, 2021 / LINK GLOBAL TECHNOLOGIES INC. (CSE: LNK) (FRA: LGT) (OTC PINK: LGLOF) (“LINK” or the “Company”), an innovative provider of power and infrastructure solutions for data hosting operations and digital economy, is pleased to announce following its dated press releases July 30, 2021, and October 1, 2021, available under the Company profile at www.sedar.com, he finalized the acquisition of Clean carbon equity (“CCE”).
The acquisition enables LINK to take steps to provide carbon offsets in the digital economy sector, immediately acquiring cash flow and creating new long-term income opportunities for the Company. Once the acquisition was completed, LINK also implemented its plans to become carbon neutral by 2026, well ahead of the 2030 horizon set by the Crypto Carbon Agreement.
CCE IS AN INTEGRAL PART OF THE GLOBAL FUTURE LINK
Stephen Jenkins, CEO of Link. says, “This business model creates another revenue stream outside of digital currency mining by creating verifiable offsets that we can market and monetize.” We are fortunate to be able to count on excellent partners and we welcome this opportunity to grow together.
“We are delighted to join the Link Global family. We will now have the capacity to support existing and new clients in what is going to be a boom period in the carbon credits sector, ”added Chad Clovis, CEO of Clean Carbon Equity. “The timing really couldn’t be better to develop and expand the offset program to all industries and with plans to develop new products such as carbon neutral NFTs and indigenous certified carbon credit registries.
The closing of the acquisition took place in accordance with the terms announced in the Company’s press release dated October 1, 2021. None of the securities issued at the closing of the acquisition were registered under the United States Securities Act of 1933, as amended (the “Law of 1933“), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release does not constitute an offer to sell or a solicitation of an offer to buy, there will also be no sale of securities in a State where such an offer, solicitation or sale would be illegal.
CCE will continue to exist as a wholly owned subsidiary of LINK, which will enable it to encourage and help companies meet their carbon neutrality commitments. The CCE operates a user-friendly system to calculate and trade carbon credits / offsets, ensuring verification and decommissioning if necessary. Our first order of business will be to make Link Global carbon neutral. CCE’s permanent customers also generate cash flow immediately.
Information on carbon offsetting
Carbon offsets are measured in metric tons of carbon dioxide equivalent (CO2e) and can represent six main categories of greenhouse gases: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), perfluorocarbons (PFC), hydrofluorocarbons (HFC)) and sulfur hexafluoride (SF6). A carbon offset represents the reduction of one metric tonne of carbon dioxide or its equivalent in other greenhouse gases.
The voluntary carbon offsets market size is expected to reach USD 514.7 million by 2027, from USD 247.9 million in 2020, at a CAGR of 11.0% during 2021-2027. This growth allows Voluntary Carbon Offset marketing companies such as Clean Carbon Equity to experience significant growth and profitability while supporting the global transition to clean energy.
About Clean Carbon actions
Clean Carbon Equity Inc (CCE) is one of Canada’s leading traders of verified emission reduction credits in the voluntary carbon offset market. CCE obtains verified emission reduction credits from our global supplier base, sells them to its customers to offset CO2 emissions created by customer operations, and manages the withdrawal of offsets appropriately. CCE delivers value to clients by providing personalized transaction options, personalized information and scalable access to verified emission reduction markets. Through these trading activities, CCE supports clean energy projects around the world, helps customers reduce their greenhouse gas footprints, and provides a resource to help reduce emissions to support the plan. ‘net zero emissions for Canada by 2050.
About Link Global Technologies Inc.
Link is engaged in providing infrastructure and operational expertise for digital mining and data hosting operations. Link’s objectives include locating and securing, for rental and option to buy, properties with access to reliable and low-cost energy, and the deployment of this low-cost energy to conduct business activities. digital mining and provide clean energy and infrastructure for other data hosting services.
To learn more about Link’s activities, visit us at https://linkglobal.io/
On behalf of Link Global Technologies Inc.
Chairman and CEO and Director
For more information visit http://linkglobal.io/ or contact:
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Investor Relations Manager
The CSE has not reviewed and accepts no responsibility for the adequacy or accuracy of this release.
CAUTION REGARDING FORWARD-LOOKING INFORMATION. This press release contains “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking statements consist of statements which are not purely historical and include statements regarding beliefs, plans, expectations or intentions regarding the future. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “forecast”, “budget”, “planned”, “estimates”. “,” Foresees “,” intends “,” anticipates “or” believes “, or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results” may “,” Would “,” could “,” should “or” could “occur. Forward-looking statements contained in this press release include, but are not limited to: statements regarding the acquisition of CCE and the potential benefits of this one; LINK’s activity following the closing of the acquisition; and other business plans of the Company and CCE following the closing of the acquisition. All of these forward-looking statements are based on factors or assumptions that have been applied in reaching a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Because forward-looking statements relate to future events and conditions, by their very nature they require the making of assumptions and involve inherent risks and uncertainties. The Company cautions that while the assumptions are believed to be reasonable under the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set forth in the forward-looking statements. In the case of the Company, these risks, uncertainties, assumptions and other factors include, but are not limited to:;
those set out in the latest management report of the Company, fluctuations in the price of electricity, fluctuations in the price of digital currencies / Bitcoin, the future halving of Bitcoin, the increase in the difficulty rate of the network and the prices of digital currencies / Bitcoin, negative changes in the level of rewards in digital currency / Bitcoin per block, securing economical tariffs for the purchase of electricity, opportunities to acquire digital currency mining equipment, unforeseen changes in laws, regulations or other industry standards affecting the business of the Company, dependence on key management personnel, the ability of the Company to implement its business plan, risk litigation, share price volatility, the effects of general economic factors and other factors beyond the control of the Company, and other matters which may arise in the future. In view of these risks, one should not place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as specifically required by law, the Company assumes no obligation to update forward-looking statements to reflect new information, subsequent or otherwise.
This press release contains forward-looking financial information and financial outlook information (collectively, “FOFI”) regarding the expected increase in assets, cash flows and income opportunities of LINK following the closing of the acquisition of CCE, all of which are subject to the same assumptions, risk factors, limitations and reservations as those set out in the above paragraphs. LINK’s actual financial results after closing may differ from the amounts stated herein and this variation may be material. LINK and its management believe that the FOFI has been prepared on a reasonable basis, reflecting management’s best estimates and judgments. However, since this information is subjective and subject to many risks, it should not be taken as necessarily indicative of future results. Unless required by applicable securities laws, LINK assumes no obligation to update these FOFIs. The FOFI contained in this press release was established as of the date hereof and has been provided for the purpose of providing further information about LINK’s planned future business operations after closing. Readers are cautioned that the FOFI contained in this press release should not be used for any purpose other than that for which it is disclosed here.
THE SOURCE: Link Global Technologies Inc.
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