ROBESONIA, Pa., Oct. 29, 2025 (GLOBE NEWSWIRE) -- Blaqclouds, Inc. (OTC: BCDS), a leading Web3 infrastructure and blockchain technology company, today issued its official State of the Union press release to highlight recent accomplishments, clarify corporate facts, and reaffirm its long-term vision for decentralized innovation. Opening Statement from Shannon Hill, President of Blaqclouds, Inc. “I want to take a moment to personally thank the entire Blaqclouds family for their hard work, creativity, and dedi ...

Core Insights - Blaqclouds, Inc. has appointed Dr. Tony Ratliff to its Advisory Board of Directors, enhancing its governance and strategic execution [3][5][10] - Dr. Ratliff is an early investor in Blaqclouds and brings extensive experience in entrepreneurship, healthcare, and venture capital [4][6][7] - The appointment aligns with Blaqclouds' Web3 growth strategy, aiming to expand its real-world blockchain ecosystem [5][9] Company Background - Blaqclouds, Inc. operates in the Web3 infrastructure sector, focusing on bridging traditional finance with decentralized ecosystems [10] - The company's mission is to simplify commerce and payments by making cryptocurrency spending as easy and trusted as traditional currency [10] Dr. Tony Ratliff's Profile - Dr. Ratliff has a diverse background, having scaled nine dental practices and served as a managing partner for venture capital groups [6][7] - He has invested in over 20 startups and expressed strong enthusiasm for Blaqclouds, highlighting its potential and strong team [8] - His expertise in business development and innovation is expected to be invaluable for Blaqclouds as it continues to innovate in the Web3 space [9]

Core Insights - Blaqclouds, Inc. has entered into a Blockchain & Development Partnership Agreement with Super Studios USA, focusing on integrating blockchain technology into the entertainment industry [1][2] - The partnership will allow Blaqclouds to receive 10% of all fees generated by the new blockchain network developed for Super Studios USA [2] Company Overview - Blaqclouds, Inc. specializes in Web3 infrastructure and decentralized finance, aiming to bridge traditional finance with decentralized ecosystems [10] - The company is developing a comprehensive blockchain ecosystem for Super Studios USA, which will include various blockchain products [3][4] Project Details - Super Studios USA is creating a billion-dollar vertically integrated entertainment complex in Mansfield, Texas, which will include sound stages, production facilities, and residential communities [5][6] - Key components of the project include a new EVM-POA compatible blockchain, a premined native coin, a stablecoin for real-world payments, and an NFT engine [8] Economic Impact - The project is expected to create thousands of high-paying jobs and foster economic growth in Texas [9] - It will also include a trade school for film and digital media production, ensuring a sustainable talent pipeline [9] Vision and Future - The partnership aims to transform Texas into a blockchain-powered innovation hub for the entertainment industry [5][10] - Super Studios USA's CEO emphasizes the goal of building a sustainable economic engine that drives creative innovation and real-world value [10]

Core Insights - Blaqclouds, Inc. has submitted its application to register as a Money Services Business (MSB) with FinCEN, marking a significant step towards regulatory compliance and financial transparency [1][5] - The company has initiated a comprehensive audit of common stock transactions and share issuances from April 2025 to October 7, 2025, following a management change [2][6] - The audit aims to ensure proper shareholder approval and legal board authorization for past actions, with potential litigation to protect shareholder interests [4][6] Regulatory Compliance - The registration with FinCEN is crucial for aligning Blaqclouds' Web3 payment technologies with U.S. compliance frameworks [2] - The company is committed to operating transparently and has engaged Dominion Stock Transfer to assist in reconciling share issuances during the disputed period [4][5] Management Changes - A new management team regained control of Blaqclouds on October 7, 2025, which is seen as a turning point for the company's integrity and strategic direction [2][6] - The previous CEO's actions during the disputed period included canceling 250 million shares and increasing the authorized share count to 1 billion, leading to concerns over the legality of these transactions [6] Audit Details - The audit will investigate whether share issuances were executed with valid legal authority, particularly focusing on two Notices of Conversion that may have been improperly authorized [6] - The findings of the audit will be publicly disclosed, and shareholder records will be updated accordingly [4][5] Company Overview - Blaqclouds aims to bridge legacy finance with decentralized networks, providing blockchain solutions for commerce and payments [6] - Key consumer applications include ShopWithCrypto.io, ZEUSxPay.io, DEX.ZEUSx.io, and ApolloWallet.io [7]

Core Insights - Blaqclouds, Inc. has submitted its application to register as a Money Services Business (MSB) with FinCEN, marking a significant step towards regulatory compliance and financial transparency [1][5] - The company has initiated a comprehensive audit of common stock transactions and share issuances from April 2025 to October 7, 2025, following a management change [2][6] - The audit aims to ensure proper shareholder approval and legal board authorization for past actions, with potential litigation to protect shareholder interests [4][6] Regulatory Compliance - The registration with FinCEN is crucial for aligning Blaqclouds' Web3 payment technologies with U.S. compliance frameworks [2] - The company is committed to operating transparently and has engaged Dominion Stock Transfer to validate share issuances during the disputed period [4][5] Management Changes - A new management team regained control of Blaqclouds on October 7, 2025, which is seen as a turning point for the company's integrity and strategic direction [2][6] - The previous CEO's actions during the disputed period included canceling 250 million shares and increasing the authorized share count to 1 billion shares, leading to concerns over legal authority [6] Audit Details - The audit will investigate whether share issuances were executed with valid legal authority, and findings will be publicly disclosed [4][6] - Two Notices of Conversion resulting in the issuance of 174 million shares may have been executed without proper authorization [6] Business Overview - Blaqclouds aims to bridge legacy finance with decentralized networks, providing solutions for crypto spending [6] - Key consumer applications include ShopWithCrypto.io, ZEUSxPay.io, DEX.ZEUSx.io, and ApolloWallet.io [7]

Core Insights - Blaqclouds, Inc. reinstates Shannon Hill as CEO and Chairman, marking a significant milestone in the company's restructuring and commitment to governance and strategic execution [3][5] - The leadership change follows the resolution of governance issues and the conclusion of activities under the previous executive team, with the parent company reestablishing operational oversight [4][6] Governance and Management Transition - The transition involved a comprehensive operational restructuring led by the Board of Directors, forming Blaqclouds, Inc. (Wyoming) as a new parent entity to secure shareholder value [6][7] - Governance has been fully restored, eliminating potential liabilities from previous management and defining the role of Blaqclouds Nevada within the corporate ecosystem [7] Strategic Role and Initiatives - Under Shannon Hill's leadership, Blaqclouds, Inc. (Nevada) will serve as a majority-owned subsidiary of Blaqclouds Wyoming, focusing on two critical financial roles [9] - The company aims to support real-world crypto adoption through initiatives like ShopWithCrypto.io and the ZXUSD stablecoin, enhancing its blockchain-powered financial infrastructure [5][12] Company Overview - Blaqclouds bridges legacy finance with decentralized networks, aiming to simplify crypto spending and unify commerce and payments [10] - Key consumer applications include ShopWithCrypto.io for crypto-to-gift card commerce, ZEUSxPay.io for Web3 payment infrastructure, DEX.ZEUSx.io for decentralized exchange, and ApolloWallet.io for secure blockchain wallet [13]