DGAP-News: Stockholm IT Ventures AB: STOCKHOLM IT VENTURES AB ANNOUNCES APPOINTMENT OF PHILLIP NUNN TO MANAGING DIRECTOR OF CRYPTO DIVISION

STOCKHOLM, SWEDEN (27 June, 2018) - Stockholm IT Ventures AB (Frankfurt Stock Exchange: SVAB - ISIN SE 0006027546), a Swedish technology company specialising in clean and efficient low-cost energy crypto currency mining, today announced the executive appointment of blockchain and cryptocurrency expert, Phillip Nunn, to spearhead the company's new Crypto Division. The move comes as part of Stockholm IT Ventures reorganization amidst the roll out of its new global strategy focused on new world crypto and digital financial services.
 
Phillip Nunn, CEO of The Blackmore Group, a bespoke investment house, said:
 
"Stockholm IT Ventures is a publicly traded technology company, backed by a board with a wealth of experience across many tech and financial sectors. The forward thinking, innovative decision to pivot their offering to become a Blockchain private bank demonstrates the foresight and ambition of the board."
 
"I'm joining the Stockholm IT Ventures team to guide them forward into this next phase of growth. We are truly altering the fabric of business, blockchain, and cryptocurrency."
 
Roger Tamraz, Chairman of Stockholm IT Ventures, said:
 
"The board and I are delighted that Phillip has agreed to join our company to develop and expand our business into a wider decentralised crypto focused financial services business. This heralds' the beginning of our journey to become a major global player in the blockchain world by building a vibrant new community driven financial services ecosystem. The new positioning of Stockholm IT Ventures will be published soon."

Phillip Nunn is a well-known and highly regarded online influencer in the blockchain and crypto space, having sat on the advisory boards of numerous ICO's over the past 12 months where he has helped structure and fund some of the biggest companies of the future. In 2013, Nunn founded The Blackmore Group, which today has become one of the fastest growing house building businesses in the UK. 
 
Nunn has 15 years' experience in financial services. He sits on several advisory boards of many ICOs (Initial Coin Offerings) such as Pigzbe, a part physical, part digital wallet, Sportyco, a grass roots funding platform for rising sports stars, TVTwo, a television ecosystem on the Ethereum blockchain and Xeeda, the world's first smartphone, hardware wallet,
 
About Stockholm IT Ventures AB
 
Stockholm IT Ventures AB is a Swedish public company listed on the Frankfurt Stock Exchange since 2014 under the ticker symbol SVAB. The company focuses on clean and efficient low-cost energy cryptocurrency mining and production, and in blockchain related technology. All mining activities shall use clean and sustainable energy from hydro power stations in Northern Europe, requiring less heat-generating energy compared to ordinary mining for Bitcoin. The Stockholm IT Ventures stock represents a green investment in cryptocurrency technology. For more information, visit www.stockholmit.co. You can also find them on Facebook, Twitter and LinkedIn. Details on the company's Bytemine (BYTM) token and White Paper can be found here: www.bytemine.io.
 
Media Contacts:
 
Vibrate Communications for Stockholm IT Ventures -
 
leslie@vibratecommunications.com
tyrone@vibratecommunications.com
 
Social Communications for Phillip Nunn -
 
rachaelr@social-communications.co.uk
esmer@social-communications.co.uk