REITIUM, an asset-backed real estate investment platform has partnered with Cozystay, to support tokenization within the vacation rental market

For Immediate Release:

VANCOUVER, August 2018 — Reitium Blockchain Technologies Ltd. (“REITIUM” or “The Company”) is excited to announce a strategic partnership with Cozystay Holdings Inc. (“Cozystay”).

Reitium is a real estate investment platform using blockchain and smart contracts where investors can purchase fractional pieces of a real estate assets and earn ROI on rental income and appreciation.

Cozystay is an online vacation property rental platform that is implementing blockchain to improve the security and overall experience of its customers on the platform.

Reitium’s technology and token economics structure will enable Cozystay to accept cryptocurrencies such a the Reitium Token. This will expand the Cozystay ecosystem and provide additional properties for vacation rental.

Cozystay has created a unique environment for travelers looking for a place to rent where they feel secure and relaxed in a distinctive lodging experience, whether it is a single room in Hong Kong, luxury condo in Australia, or a penthouse in New York. Cozystay offers exotic accommodations with a local experience. A place of adventure, comfort, belonging, Cozystay creates a feeling of home anywhere you go.

“We’re excited to add Cozystay to our growing list of partners,” said Reitium CEO, Thomas Park. “Cozystay has helped travelers around the globe by offering unique experiences, which is at the core of Reitium’s beliefs. By implementing our blockchain and cryptocurrency technologies, we are able to offer Cozystay expansion into the ecosystem of tokenization, enabling new initiatives. This partnership is a prime example of how Reitium’s platform and abilities can be integrated and help existing companies benefit from new technology. We look forward to working with the team at Cozystay, helping them offer unique travel experiences across the globe.”

Cozystay’s VP & Co-Founder, Don Kim commented, “This partnership will enable Cozystay to further expand our ecosystem and solidify our place in the market. Reitium streamlines investment in real estate just as Cozystay streamlines and improves the vacation rental home industry. This will not only provide additional inventory for Cozystay customers, but also allow Reitium’s real estate investors to generate income from their properties in a very complimentary way by offering them as vacation rental properties on Cozystay.”

On behalf of the Board,
Thomas Park
Chief Executive Officer

About REITIUM

Reitium is a global, compliant, secure blockchain technology platform which offers investors a 100% asset-backed Real Estate Investment token using a fractional ownership model. Our global marketplace is built to offer the opportunity for anyone to invest for as little as $100, earning ROI on rental income and property appreciation, enabling Real Estate for Everyone™.

Partnered with IBM, Reitium is built on Hyperledger fabric to create an enterprise-grade, permissioned private blockchain. Smart contracts are created for increased privacy, security, transparency and liquidity, while reducing the time and costs traditionally associated with Real Estate transactions.

Investor Relations:
Thomas Park, Chief Executive Officer
email: thomas@reitium.com
D: +1–604–720–6999

Media Relations:
Laura Fortey, Chief Marketing Officer
email: laura@reitium.com
D: +1–778–707–0945

For more information and to register to Reitium’s mailing list, please visit our website at: https://www.reitium.com/

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For more information and to register to Cozystay’s mailing list, please visit: https://www.cozystay.com/

Forward-Looking Statements:
Certain statements in this release are forward-looking statements, which include completion of technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.

By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of Reitium. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because Reitium can give no assurance that they will prove to be correct. Important factors that could cause actual results to differ materially from Reitium’s expectations include, consumer sentiment towards Reitium’s products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, Reitium disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Reitium undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.