LAS VEGAS, NV / ACCESSWIRE / August 25, 2021 / Fernhill Corp (OTC PINK:FERN) is pleased to announce that it has signed a Letter of Intent ('LOI') to acquire a groundbreaking digital asset crypto trading platform.

In the Company's continued mission to expand its presence in the cryptocurrency and blockchain industries, it has recently signed an LOI to acquire an institutional digital asset trading company serving banks and hedge funds with technology, strategy development, automated algorithmic trading, best execution, smart order routing, and risk exposure analytics. One of the most compelling features of the target's technology is that it is directly integrated with over 25 different leading crypto currency exchanges to provide the best execution price for any crypto trading pair, providing seamless liquidity on a global scale. In short, this platform bridges the gap between crypto currencies and the more traditional trading platforms.

“We could not be more excited about this acquisition,” said Marc Lasky CEO of Fernhill. “Combining this with our recent acquisition of Perfect Mine enables us to become a one stop shop for all things crypto, from mining to trading and beyond. In addition, this acquisition places us deeper into the cryptocurrency ecosystem in the large and growing $1 trillion dollar monthly crypto trading marketplace. The technology of this platform is truly world class and will provide significant value for Fernhill both near and long term.”

The target acquisition company has developed a proprietary digital asset/crypto trading platform with direct connectivity to the top major cryptocurrency exchanges such as Binance, Coinbase, OKEx, Kraken, and Bittrex to name a few. In addition, the company is based in the United States and has a top-notch executive management team, senior developers and board that come from some of the most prolific financial institutions and corporations in the world. The acquisition is targeted to close on or before November 15, 2021.

“We've been diligently looking for the right acquisition for Fernhill for months in terms of our crypto and blockchain market focus areas as well as find a company and technology platform in defi or trading that has real global potential and the ability to become a household name - I believe we've found it with this acquisition,” commented Chris Kern - Fernhill's Strategic Advisor. “In addition, the company is run by a team I've known for the past couple of years and I could not be happier with who we're partnering with and the caliber of people that are on board.”

About Fernhill:

Fernhill Corp is a diversified technology holding company that has interests in and seeks to acquire, build and develop businesses in mobile applications, digital assets, SaaS, and FinTech space with a principal focus in the cryptocurrency and blockchain industries, as well as other technologies that address the world's leading environmental and social concerns. Fernhill supports and pursues ESG initiatives and is Signatory Member of the Crypto Climate Accord (CCA).

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Forward-Looking Statements: This release includes '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. Certain statements set forth in this press release constitute 'forward-looking statements.' Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words 'estimate', 'project', 'intend', 'forecast', 'anticipate', 'plan', 'planning', 'expect', 'believe', 'will likely', 'should', 'could', 'would', 'may' or words or expressions of similar meaning. Such statements are not guaranteeing of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced vendors, services or components, and various other factors beyond the Company's control.

SOURCE: Fernhill Corp.