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Blaqclouds, Inc. (Nevada) Reinstates Shannon Hill as CEO and Chairman Following Successful Governance Transition
Prism Media Wire· 2025-10-10 12:00
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]
Blaqclouds Board Approves 30-Day Revenue Acceleration and Ecosystem Monetization Plan
Globenewswire· 2025-04-24 13:00
Core Insights - Blaqclouds, Inc. has initiated a 30-day plan to onboard over 150 projects, raise $1 million in capital, and enhance ecosystem monetization [1][7][12] Group 1: Ecosystem Monetization Strategy - The company aims to leverage the revenue potential from over 15,000 token projects within the ZEUS ecosystem through a multi-channel outreach campaign [2][7] - Key platforms targeted for adoption include ShopWithCrypto.io, DineWithCrypto.io, and the ZEUS Cross-Chain Bridge [2][7] Group 2: Onboarding Criteria and Goals - Qualified projects must meet specific eligibility criteria, including a minimum of 500 wallet holders, a 24-hour trading volume of $50,000, and a market capitalization of at least $500,000 [3][9] - The ambitious goal is to onboard 150+ qualified token projects within 30 days to drive platform growth and recurring revenue [3][7] Group 3: Capital Raising and Funding Initiatives - Blaqclouds plans to raise $1 million to support the float for ShopWithCrypto.io and DineWithCrypto.io, targeting over 600 OTC companies [4][10] - The funding will facilitate full-scale product deployment and sustained growth through utility-driven revenues [5][10] Group 4: Strategic Event Participation - The company has decided to defer participation in the Bitcoin 2025 Conference to focus on immediate revenue generation and ecosystem growth, with plans to sponsor the Bitcoin 2026 Conference [11] Group 5: Future Outlook - This initiative marks the first step in Blaqclouds' mission to become a leading infrastructure provider in the decentralized economy, inviting partnership discussions and investment inquiries [12]