NEW YORK, April 16, 2018 (GLOBE NEWSWIRE) -- IBITX Software Inc. (OTCMKTS:IBXS) is proud to announce its new African brand, AFRIBITx.com.

IBITx Software Inc. as a crypto-currency exchange platform and crowdsale software provider is positioned well to assist blockchain companies and ideas in their incubation and development within Africa.

IBITx Software has a talent pool of blockchain developers in India, Philippines, and South Africa, with the intent to develop not only crypto-currency but the effective use of Blockchain across the continent.

The brand “AFRIBITx” will endeavour to become the exchange, crowdsale, and blockchain incubator brand for the African Continent. (www.afribitx.com)

“Our intention is to launch in partnership with a financial service provider a regulated environment in at least 2-8 African Countries to start ideally by June 2018. The system’s skeletal structure is available for testing, however, we are still endeavouring to negotiate with regulated brokers and regulatory organisations as to which Country will house the first African Blockchain incubator, Exchange, and Crowdsale system,” Rose Marie D. Araos, CEO IBITx Software Inc.

The intent is to incorporate a revenue sharing partnership with local brokers as the “management and custody” locally of the various markets.

There have been several developments in blockchain technology across the African continent, including the African Union announcement with Hyundai to produce an African Union crypto-currency, and President Cyril Ramaphosa who has supported the idea of a single currency for the African Union, and suggested that it may be “digital-only”.

Cryptocurrency is in high demand around Africa with demand throughout 2017 leading to crypto prices as much as 40% above global averages.

For more information visit www.ibitxsoftware.com

About IBITX Software Inc.

IBITx is a dynamic new type of currency exchange software which matches new Initial Currency Offerings (ICOs) and those interested in buying those currencies in a single platform for "Offerings" as well as a "free market" trading system for an aftermarket trading of all available Crypto and Virtual Currencies registered on the platform. The platform can be licensed to broker dealers, or firms interested in launching their own crypto-currency exchange in partnership with IBITX utilizing the Software as a Service (SAAS) model, or users can login directly to the IBITX trading system, and make online payments and transactions in Crypto-Currency.

http://www.ibitxsoftware.com. (Exchange Platform as www.ibitx.com)

IBITX Software Inc.
Rose Marie D. Araos
Rose@ibitxsoftware.com
http://www.ibitxsoftware.com

Forward-Looking Statements

Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend", "could" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the crypto currency’s, regulations, product demand, market and customer acceptance, competition pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on IBITX Software's or IBITx website does not constitute a part of this release.