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Megahoot to Manage the Future Development of the Pecu Novus Digital Asset Network
(March 16, 2018)– Technology and Cybersecurity company Megahoot, LLC, announced today that it will be taking over the development and maintenance responsibilities of the digital asset network Pecu Novus.
As of March 16, 2018 Megahoot’s development team will be responsible for all current and future development, maintenance, marketing and transaction fulfillment of the network. This will not have any negative impact on current holders of Pecu Novus coins.
Pecu Novus is an asset backed digital asset network utilizing blockchain technology that was developed primarily for businesses to conduct seamless and secure transactions of various products, services and other goods via the Pecu Novus escrow system. The escrow system allows buyers and sellers to conduct secure transactions that are recorded on the Pecu Novus blockchain.
Megahoot plans to initiate an expansion of that business model to provide services beyond business to business allowing individuals to use the escrow system in real time for their transactions. Some uses for the escrow system include global import/export transactions, various business services, various business to consumer transactions, commercial real estate transactions, securitization of commercial loans and more.
The expansion of the business model should create additional intrinsic value for the Pecu Novus Asset Fund which holds all assets related to the Pecu Novus network. As of this press release Megahoot, LLC has issued 20% of their outstanding common shares to the Pecu Novus Asset Fund for the privilege of furthering the development of the Pecu Novus Network.
In addition, as of this press release, private equity firm Falcon Global Acquisitions has been appointed the manager of the entire Pecu Novus Asset Fund to further the investments of the fund.
Pecu Novus was funded internally by its creators and an initial coin offering “ICO” was never conducted. The networks total coin supply is capped at 100,000,000 of which approximately 80% is slated for investments by the Pecu Novus Asset Fund. An additional 10% is slated for future escrow related transactions on the network, leaving the remaining 10% in the publics hand.
The Pecu Novus information website, www.pecunovus.com, will be updated over the next week reflecting the current use of the network, the management team and other related information.
Megahoot will also be developing the application programming interface “API” in the near future that will allow digital currency exchanges to list Pecu Novus coins on their network and digital currency wallets to hold Pecu Novus coins.
“This is an exciting venture and we are in exciting times. With Megahoot now taking over the reigns for the future development of the Pecu Novus network, it simply works hand in hand with the Megahoot blockchain platform that is currently in development. Our team is ready, willing and able to continue to increase the functionality of Pecu Novus which will increase its value to businesses and individuals globally. We are in a digital age and digital assets, whether called a commodity or currency, are here to stay,” stated Louis Velazquez, CEO and Founder of Megahoot.
About Megahoot LLC
MegaHoot is a technology Company focused on secure private collaboration platforms for business and personal use, incorporating ephemeral messaging, high security, use of cryptography and secure mobility. With the use of blockchain technology MegaHoot will be venturing into various industries from smart homes to health care and more utilizing its blockchain technology platform in development that will allow corporations globally to create dedicated blockchain networks for their businesses for everything from accounting, logistics, supply chain management, security, education and much more. There will also be the ability to create loyalty tokens and non ICO related digital currency’s on the Megahoot Network.
For more information please go to www.megahoot.com
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful, and qualification under the securities laws of any such state.
This press release contains forward-looking statements. The use of any of the words “anticipate”, “believe”, “expect”, “plan”, “intend”, “can”, “will”, “should”, and similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein are based on certain key expectations and assumptions made by the Company, including but not limited to expectations and assumptions concerning the receipt of required regulatory approval. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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