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University of Miami Wins 2018 Engineering Excellence Award for its Innovation Bridge Project from the Florida Institute of Consulting Engineers (FICE)

The Innovation Bridge was Built Without Any Black Steel Reinforcement Using Basalt America's RockRebar® Corrosion Free Concrete Reinforcement

OAKLAND PARK, FL / ACCESSWIRE / December 20, 2017 / Basalt America, a wholly-owned subsidiary of PayMeOn, Inc. ("Company") (OTC PINK: PAYM), is pleased to congratulate the University of Miami's Civil, Architecture, and Environmental Engineering Department on its "Grand" Engineering Excellence Award (EEA) received from the Florida Institute of Consulting Engineers (FICE). FICE's prestigious Engineering Excellence Awards recognize firms in Florida for their original or innovative applications to complex projects and studies. "Grand" Award winners are also invited to participate nationally in the "Academy Awards of the engineering industry," the 51st American Council of Engineering companies' Engineering Excellence Award competition.

According to Edward A. Cespedes, CEO of Basalt America, "We believe that the Innovation Bridge on the University of Miami Coral Gables campus offers a glimpse of how concrete construction needs to be built in corrosion prone areas. The bridge makes use of Basalt America's reinforcement products that represent substantial improvements over steel, especially as they relate to corrosion and sustainability, extending the service life of concrete structures and eliminating maintenance costs related to corrosion." Mr. Cespedes continued, "As architects, engineers and contractors begin to adopt composite rebar such as Basalt America's RockRebar® to complete their concrete projects, awards like this one bestowed on the University of Miami continue to build awareness and confidence for the continued specification and use by the construction industry of products like ours."

The FICE's Engineering Excellence Awards recipients are selected by a distinguished panel of judges representing government, media, transportation, education, environmental/water resources, public works, geotechnical and electrical design. Judges rated projects on the basis of uniqueness and innovative applications; future value to the engineering profession, social, economic, sustainable development and other considerations.

Learn more about the Innovation Bridge here: https://www.youtube.com/watch?v-xy3ISYNJfOI

Disclaimers

Forward-Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations, beliefs, plans and objectives regarding the development, use and marketability of products and partnerships, as well as potential transactions the Company may be considering. Such forward-looking statements are based on present circumstances and on Paymeon's and Basalt America's predictions with respect to events that have not occurred, that may not occur, or that may occur with different outcomes and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to fund operations, reliance on representations from third parties that may not execute as planned, development of new markets, success of recently formed partnerships or joint ventures, and other factors over which PayMeOn and Basalt America have little or no control. Such forward-looking statements are made only as of the date of this release, and PayMeOn and Basalt America assume no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties, and other factors are discussed in documents filed from time to time by PayMeOn with the Securities and Exchange Commission. This press release does not and shall not constitute an offer to sell or the solicitation of any offer to buy any securities. For additional information and potential risk factors, readers should review PayMeOn's filings with the Securities and Exchange Commission, which can be found at www.sec.gov.

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SOURCE: PayMeOn, Inc.