DGAP-News: STOCKHOLM IT VENTURES ANNOUNCES REVISED SCHEDULE FOR INITIAL COIN OFFERING (CORRECTION OF THE MESSAGE OF 22.05.2018)

STOCKHOLM, SWEDEN (22 May, 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 revised schedule for the Initial Coin Offering (ICO) of its Bytemine token.
 
"This is a giant leap forward in securing the future of sustainable crypto-mining with extensive growth opportunities for our shareholders," said Anthony Norman, CEO, Stockholm IT Ventures. "The team has been working diligently to deliver on the vision that was outlined to our shareholders, and we are excited to bring it to fruition in the coming weeks."  
 
With a focus on clean energy solutions for crypto-mining, Stockholm IT Ventures is leading the way for a hedged, sustainable, and green energy based cryptocurrency. The company will redress the gap between rising production costs and profitability tied to the cryptographic verification process with traditional crypto-mining by utilizing proprietary world-class facilities, and an innovative business model. The Bytemine KYC process for the Airdrop and ICO begins next week. For more information about the upcoming ICO schedule, please join the Telegram group: https://t.me/bytemine. 
 
The target timeline for the upcoming ICO is as follows:
 
Week of 28 May 2018:

• Updated Bytemine Whitepaper published
• Bytemine KYC starts for Airdrop and ICO

 
Week of 31 May 2018:

• Private Sale starts for larger investors

 
Week of 25 June 2018

• KYC Finished
• Airdrop is made
• Bytemine ICO starts (Pre-sale)
   

Week of 23 July 2018

• Bytemine ICO (Public Sale)

 
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 significantly less 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 Whitepaper can be found here: www.bytemine.io.
 
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Media Contacts:
 
Vibrate Communications for Stockholm IT Ventures
leslie@vibratecommunications.com
tyrone@vibratecommunications.com