Minerco, Inc. is a publicly traded brand management and holding company specializing in the development of beverage, entertainment and ancillary brands. The current Minerco brand umbrella includes: VitaminFIZZ®, The Herbal Collection™ and Fuse Live Events, Inc.
Minerco, Inc. average daily volume is 47 million shares. After today’s announcement the company has acquired controlling interest in Priwen Systems Inc., a Cryptocurrency Mining and Technology company, the Holding company has already traded in excess of 2.2 billion shares with no signs of slowing.
Minerco, Inc. Press Release:
HOUSTON, May 23, 2018 /CNW/ – Minerco, Inc. (MINE), a cutting-edge brand management and holding company, announced today the company has acquired controlling interest in Priwen Systems Inc., a Cryptocurrency Mining and Technology company. Minerco now has assets that fit within its business model to increase revenues and shareholder value of the company. Priwen is the first of several targeted acquisitions to grow Minerco’s holdings portfolio.
Priwen is well established in both the technology and crypto mining industries. Priwen not only efficiently mines Bitcoin and Litecoin but also designs, manufactures and is well positioned to sell mining equipment for the GPU (Etherium, etc.) market. The acquisition by Minerco allows Priwen to exponentially grow its business in the very short term. Growth is expected to come from the mining (both scope and volume), hardware manufacturing sales as well as related accessories, software development and expert consulting services to miners across the globe. More about Priwen, below.
Gordon Macfie, CEO of Priwen stated, “We are very pleased now to be a part of Minerco and feel this is the best course of action to expand our company and feel we can grow our business exponentially. Not only does Minerco have financial resources, but access to a deep away of contacts with both business and technical knowledge. With the goal of growing our business beyond our foundation of cryptocurrency mining. We expect revenues to grow exponentially over the next six to 18 months and feel the future is very bright. The synergistic expertise with Minerco will complement our core group with both judicious advice and active involvement. This access to a solid network will be critical to take advantage of opportunities in the quick paced blockchain environment.”
Scott Vanis CEO for Minerco Stated, “We are very pleased to have acquired Priwen Systems Inc. and welcome Mr. Macfie’s team to the family. The closing process took longer than expected, but we are confident and were very diligent in this addition to our company. Priwen is exactly the type of company with the top-notch leadership we have been looking for. Priwen’s business is one of the most exciting markets in the world today. Priwen has proven executives in an existing yet young market, and it has tremendous upside potential to quickly increase shareholder value. Our goal now is to help Priwen grow to its potential to create a business model that has tremendous revenues and profits for our shareholders.”