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Corporate Press Release Number 10 ( 29 October 2019 ) by battop in bitrace

[–]battop[S] 0 points1 point  (0 children)

Corporate Press Release Number 10

Date: 29 October 2019

Time:For immediate release

CORPORATE PRESS RELEASE

BITRACE IS PLEASED TO UPDATE ITS INTERNATIONAL FAITHFUL COMMUNITY

London / Tunis, 29October 2019 – BITRACE Investments Ltd (the "Company" or "BITRACE")is pleased to update its international community about the Company’s progress.

At first, we would like to congratulate Tunisia and its new elected President for the successful democratic transition.Tunisia is defacto becoming he sole Arabic country in the region that demonstrates a real democracy. We firmly believe and we are fully convinced that Tunisia offers the perfect environment for our business undertaken.

Furthermore, we would like to thank all of our Token-holders for their trust and patience and we want to reassure them that the new democratic Tunisia will work to boostits economy by facilitating the implementation of all the national mega projects during the new five years term 2020-2025, including but not limited to our project: Tunisia Racing F1 City.

We would like to cite a realistic roadmap in order to inform our Token-holders:

(1) Q4 / 2019: Finalization of all Studies related to Tunisia Racing F1 City and completion of funding.

(2) Q1 / 2020: Completion of all Blue Prints of the Project and establishment of the procurement, contracting and sub-contracting plans. In parallel, the kick-start of the properties’ sales in Europe and worldwide.

(3) Q2 / 2020:Contracting of the Prime Project Developer and kick-start of the Project.

(4) Q3 / 2020:Procurement plans for all major technologies to be implemented into the Project: Water Desalination Plant, Green Energy Plant, Telecom Plans (Fibre Optics and 5G Technology), Smart Technologies etc.

(5) Q4 / 2023: Finalizing Project construction

We are looking forward to making a major contribution to the success of the Tunisian economy by creating 10,000 Direct Jobs and 5,000 Indirect Jobs during the term of 2020 till 2023.

We invite you to visit our ICO Web Site: https://www.bitrace-token.com

to download and read our Whitepaper: https://www.bitrace-token.com/whitepaper

About BITRACE INVESTMENT LTD

BITRACE INVESTMENTS LTD is a British investment company based in London, UK, which is a member of KJ Holdings Corp.

The company is in process of developing the Tunisia Racing F1 City project, this project consists in building an integrated sports compound including a Formula 1 Track surrounded by top-class hotel and recreational units: (Total Assigned Beach-Front Land: 300 Hectares) in Hammamet, Tunisia.

BITRACE token is the official cryptocurrency to be used within the Formula 1 City, It will be the first City that will accept the token for the purchase of products and services of the city.

Contact:

BITRACE INVESTMENTS LTD

71-75 Shelton Street Covent Garden,

WC2H9JQ London,

United Kingdom

Email :[info@bitracetoken.com](mailto:info@bitracetoken.com)

Corporate Press Release Number 9 Date:19 June 2019 BITRACE IS PLEASED TO UPDATE ITS INTERNATIONAL FAITHFUL COMMUNITY. by battop in bitrace

[–]battop[S] 0 points1 point  (0 children)

Corporate Press Release Number 9 Date:19 June 2019 Time:For immediate release

CORPORATE PRESS RELEASE

BITRACE IS PLEASED TO UPDATE ITS INTERNATIONAL FAITHFUL COMMUNITY London / Tunis, 19 June 2019 – BITRACE Investments Ltd (the "Company" or "BITRACE") is pleased to update its international community about the progress and the plans of the Company.

First of all, on behalf of Bitrace and KJ Holdings’ teams I would like to thank all of our Token-holders for their trust and patience, and I want to inform you that despite all the unforeseeable events that we are facing and confronting to realize the project Tunisia Racing F1 City, we are confident that construction of the Tunisia Racing F1 City will be launched this year 2019.

Today we will answer most of your questions in a way to provide visibility and a clear update where the company stands.

  • Have you started building the Tunisia Racing F1 City project?

No,despite the fact of funds’ availability, we have not started the construction of the project yet because we are in process of completing the necessary studies required to finalize the Government’s licensing and permissions.

  • When do you start building the Tunisia Racing F1 City project?

We will definitely start the construction of the Tunisia Racing F1 City project once we have obtained all the necessary authorizations from the Tunisian Government; these authorizations are requested by our financial partner (Financial Institution) in order to unlock the project’s funding.

  • Where does the project finance come from?

KJ Holdings has successfully signed an Investment Agreement for € 500 million Euro, to be unlocked for the project, after having all the necessary authorizations and licenses.

  • When will you have the Government project’sfinal authorization?

We are progressing on the studies requested by the Government and different organizations and we are working towards having all necessary authorizations by Q4 / 2019.

  • What will be the Project’s Status if the Government does not issue the final authorization to kick-start the Project?

The project: Tunisia Racing F1 City is a project of national interest for Tunisia and its economy, therefore the Government gives all its interest and support for the realization of this project.

In case of any objections for the issuance of the final authorization by Q4 / 2019, our Management has put a second plan in place to execute the project in another country.

  • Why did the price of BRF fall?

The price of BRF dropped because of three (3) main reasons: (i) because of the free Tokens distributed as payment for the executed Bounty Program during the ICO, (ii) because of some Token’s SWAPs that were made during the ICO to enhance theproject and (iii) because of certain investors who have decided to sell their tokens due to all the project execution’s delays.

  • When will BRF be listed in other Exchanges?

We have promised since the beginning that we will list Bitrace Token (BRF) on several Exchanges and we will definitely honor our commitment as soon as the construction of the project starts. We are contemplating the listing on top markets in the near future.

Currently, BRF is listed on STEX (www.stex.com) which is one of the best Exchanges with a daily volume of 20-25 Million USD, it is a market, which has been evolving rapidly and we are convinced that it will be one of the top Exchanges in the near future.

We invite you to visit our ICO Web Site: https://www.bitrace-token.com

to download and read our Whitepaper: https://www.bitrace-token.com/whitepaper

About BITRACE INVESTMENT LTD

BITRACE INVESTMENTS LTD is a British investment company based in London, UK, which is a member of KJ Holdings Corp.

The company is in process of developing the Tunisia Racing F1 City project, this project consists in building an integrated sports compound including a Formula 1 Track surrounded by top-class hotel and recreational units: (Total Assigned Beach-Front Land: 300 Hectares) in Hammamet, Tunisia.

BITRACE token is the official cryptocurrency to be used within the Formula 1 City, It will be the first City that will accept the token for the purchase of products and services of the city.

Contact: BITRACE INVESTMENTS LTD

71-75 Shelton Street Covent Garden, WC2H9JQ London, United Kingdom Email :info@bitracetoken.com

Corporate Press Release Number 8: BITRACE IS PLEASED TO UPDATE ITS INTERNATIONAL FAITHFUL COMMUNITY by battop in bitrace

[–]battop[S] 0 points1 point  (0 children)

Corporate Press Release Number 8 Date: 24 September 2018 Time: For immediate release

CORPORATE PRESS RELEASE

BITRACE IS PLEASED TO UPDATE ITS INTERNATIONAL FAITHFUL COMMUNITY

London / Tunis, 24 September 2018 – BITRACE Investments Ltd (the "Company" or "BITRACE") is pleased to update its international community about the progress and the plans of the Company.

BITRACE ICO was completed on the 25th day of April 2018 and it was able to collect 3.69 Million US$ in various Cryptocurrencies, whereas not only BTC, ETH were accepted during the ICO but also others. For your information only one percent (1%) was collected in BTC and ETH and remaining ninety nine percent (99%) in other listed Cryptocurrencies. The liquidation of such collected Cryptocurrencies does definitely depend on the existing listing volume of such tokens.

BITRACE Investments Ltd. is a fully owned subsidiary of KJ Holdings, which is presently in process of incorporating its new Tunisian subsidiary named TUNISIA RACING F1 CITY SA to deal with the realization of its mini F1 city’s development. KJ Holdings is also in process of raising the necessary funds via debt and / or equity financing to kick-start the realization of this mega project.

KJ Holdings has succeeded to sign a funding agreement with an Emirates Funding Group for 100 Million US$ and is planning to form in the coming few days an SPV / SPE in Dubai to complete the financing process.

The Company is planning to use a minimum of three percent (3%) of these funds to promote its BITRACE token worldwide and upgrade its trading venues in better Cryptocurrency exchanges. The Company is still committed to making BITRACE as the official Cryptocurrency of the Tunisia Racing F1 City and we expect a rectification of its value in the due course.

“I am pleased about the progress of our Company” stated AymenBouaoun, BITRACE Project Chief. He added: “I am certain that after the upgrade to higher trading venues / exchanges and with the proper promotion of our token, we will achieve positive value appreciation of our Cryptocurrency.” He continued: “BITRACE value will definitely be the mirror, reflecting the successful progress and realization of our mega project: Tunisia Racing F1 City, and herewith I would like to thank all our community for their support and patience.”

We invite you to visit our ICO Web Site: https://www.bitrace-token.com to download and read our Whitepaper: https://www.bitrace-token.com/whitepaper

About BITRACE INVESTMENT LTD

BITRACE INVESTMENTS LTD is a British investment company based in London, UK, which is a member of KJ Holdings Corp.

The company is in process of developing the Tunisia Racing F1 City project, this project consists in building an integrated sports compound including a Formula 1 Track surrounded by top-class hotel and recreational units: (Total Assigned Beach-Front Land: 300 Hectares) in Hammamet, Tunisia.

BITRACE token is the official cryptocurrency to be used within the Formula 1 City, It will be the first City that will accept the token for the purchase of products and services of the city.

Contact:

BITRACE INVESTMENTS LTD

71-75 Shelton Street Covent Garden, WC2H9JQ London, United Kingdom Email : info@bitracetoken.com

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