Coinsilium Group Limited - Coinsilium Invests in Indorse.io PR Newswire

8 June 2017

COINSILIUM GROUP LIMITED
(“Coinsilium” or the “Company”)

COINSILIUM INVESTS in INDORSE.IO DECENTRALISED PROFESSIONAL NETWORK

Highlights

    --  Investment of SG$100,000 (circa £56,100) completed in Indorse Pte. Ltd.,
        a Singapore-based company developing Indorse (www.indorse.io)

    --  Indorse is a unique blockchain-powered, skill-based, decentralised
        professional network

    --  Indorse aims to revolutionise professional social networking using new
        models of and

    --  Coinsilium CEO, Eddy Travia, to join the Indorse Board of Advisors

        Coinsilium Group Limited (NEX: COIN), the accelerator that finances and
        manages the development of early-stage blockchain technology companies,
        is pleased to announce the completion of its investment of SG$100,000
        (circa £56,100) in Indorse Pte. Ltd. (“Indorse”) through a convertible
        loan agreement. Indorse is a Singapore-based company developing a
        blockchain-powered decentralised professional network. In addition,
        Coinsilium will receive an entitlement to an undisclosed number of
        Indorse digital tokens to be issued by Indorse in the next few months.

        Indorse is a professional social networking platform co-founded by David
        Moskowitz and Gaurang Torvekar. Indorse’s co-founders’ have demonstrated
        their ability to successfully deploy blockchain technology and smart
        contract solutions for private companies and public institutions in
        Singapore, including the issuance of digital diplomas onto the
        blockchain for one of Singapore's leading institutions of higher
        learning.

        The Indorse platform will be integrated with a number of decentralised
        applications (DApps) such as: Attores Certificate Issuance Platform,
        Inter Planetary File System (IPFS), uPort identity system, Truffle,
        Spectrum and Status.

        Coinsilium’s CEO Eddy Travia has accepted the invitation to join the
        Board of Advisors at Indorse.

        Eddy Travia, CEO of Coinsilium, stated: “We are very excited to invest
        and support skill-based professional network Indorse and its founding
        team. As the multiple benefits of decentralised platforms become
        apparent to the millions of members of today’s centralised social media
        networks we believe there will be a natural pattern of migration towards
        this new generation of decentralised platforms. Indorse will also allow
        users to profit from sharing their skills and activities on the platform
        via reward tokens. This is a new and game-changing model in a
        multi-billion-dollar social media industry and we are confident that
        Indorse has the requisite skills and talent to propel Indorse to become
        one of the world’s most popular decentralised social platforms.”

        David Moskowitz, Co-Founder and CEO of Indorse, commented: “We are very
        proud to join the prestigious roster of Coinsilium’s portfolio companies
        and we look forward to Coinsilium’s support and guidance. Indorse has
        the aim to revolutionise professional social networking using new models
        of tokenisation and decentralisation and we believe that Coinsilium’s
        expertise and deep knowledge in this space will be a strategic advantage
        to reach our goals.”

        The Directors of Coinsilium Group Limited take responsibility for this
        announcement.

        For further information, please contact:

        Eddy Travia, CEO +44 (0) 207 099 0740
        Coinsilium Group Limited
        www.coinsilium.com

        Malcolm Palle, Non-executive Director +44 (0) 7785 381089
        Coinsilium Group Limited

        Harry Chathli / Ana Ribeiro / Alexis Gore +44 (0) 207 618 9100
        Luther Pendragon Ltd
        (Media Relations)

        Guy Miller / Mark Anwyl +44 (0) 207 469 0930
        Peterhouse Corporate Finance Limited
        (NEX Exchange Corporate Adviser)

        Nick Emerson / Andy Thacker +44 (0) 1483 413 500
        SI Capital Limited
        (Broker)

        Notes to Editor

        Coinsilium is an accelerator that finances and manages the development
        of early-stage blockchain technology companies. It does this through its
        consortium of top-tier investors, industry thought leaders and executive
        managers. Based in London, Coinsilium’s focus is on driving innovation
        in fintech and blockchain technologies, enabling businesses to take
        advantage of growth opportunities.

        Coinsilium shares are traded on NEX Exchange Growth Market, the primary
        market for unlisted securities operated by NEX Exchange, a Recognised
        Investment Exchange under the Financial Services and Markets Act 2000.

        For further information about Coinsilium please visit
        http://www.coinsilium.com

        For further information about Indorse please visit http://www.indorse.io