Licensing Deal Signals Commercial Need for Pressland's Unique Media-Production Data to Provide Trustworthy News to Consumer Audiences
VANCOUVER, BC / ACCESSWIRE / April 10, 2019 / Pressland (pressland.com), a wholly owned subsidiary of Codebase Ventures Inc. ("Codebase" or the "Company") (CSE: CODE - FSE: C5B - OTCQB: BKLLF), today announced it has signed a non-binding letter of intent to form a commercial partnership with New York City-based iO Ventures LLC (io.today). The companies will work together to verify trustworthy news before it's distributed to iO's users.
iO Ventures is the developer of a hyper-personal consumer device that delivers customized news, user-centric learning and on-demand wellness information. The device is currently under development and targeted to reach market in 2020.
Pressland is building a data management platform that fights the spread of misinformation by leveraging artificial intelligence (AI) and natural language processing (NLP) to analyze around-the-clock global news output. This data will be made available to partners under SaaS licenses.
"iO is designing a product that will become part of our everyday lives, perhaps even taking over the role of smartphones," said Jeff Koyen, Codebase's Chief Strategy Officer. "Given this huge opportunity, Pressland is excited to become part of iO's trust ecosystem at this early stage."
iO Ventures was founded in 2019 by Daniel Sieberg, an Emmy-nominated and award-winning journalist whose work across four continents has appeared on BBC News, CNN, Bloomberg, ABC News' Nightline, MSNBC, NPR and PBS, among others. During six years at Google, he helped build the Google News Lab and Google for Media, and also served as the global head of training and development overseeing projects related to news partnerships. Sieberg was previously announced as joining Pressland to oversee media partnerships in an advisory capacity.
"Pressland is building a data platform that will be mission-critical for any company that needs to deliver trustworthy news to users," Sieberg said. "Given iO's core goal to forge close, meaningful relationships with consumers, this partnership just made sense."
Pressland is led by Codebase's Koyen, a veteran media executive, serial entrepreneur and award-winning journalist. He has worked for The New York Times, The Guardian, Wired, Crain's New York, Adweek and many others. The Company is based in Brooklyn; team members are distributed globally from Belgrade to Vancouver. Pressland also publishes News-to-Table (newstotable.com), a digital magazine dedicated to issues of media trust and transparency.
About Codebase Ventures Inc.
Codebase Ventures Inc. is a small, hands-on team of financial and technology experts who invest early in great ideas. We operate from the understanding that technology is always evolving, bringing early opportunities for strategic investments that can deliver the exponential returns to our shareholders. We seek out and empower the innovators who are building tomorrow's standards with platforms and protocols, not just products. We invest early, support our founders, take their ideas to market and work tirelessly to help them realize their vision.
For further information, please contact:
Brian Keane, Director
Investor Relations
Telephone: 1 (778) 806-5150 - - TOLL FREE (877) 806-CODE (2633)
E-mail: IR@codebase.ventures
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
SOURCE: Codebase Ventures Inc.
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https://www.accesswire.com/541484/Pressland-Forms-Commercial-Partnership-with-iO-Ventures-Developer-of-Hyper-Personal-News-Wellness-and-Learning-Technology
