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PARK CITY, Utah, June 28, 2021--(BUSINESS WIRE)--Wizard Brands, Inc. (OTCQB: WIZD) an activist conglomerate that optimizes performance and profit in the companies it creates, acquires, and operates announced today the launch of Creek Road Miners, LLC, a wholly owned subsidiary of Wizard Brands.
Launching Creek Road Miners LLC expands the current NFT minting activities into mining crypto currencies. The Creek Road Miners management team consists of a seasoned team of executives with significant experience in crypto-currencies, NFTs, and tech leadership. Management intends to develop and operate "scaled up" bitcoin mining facilities using natural gas to power the operations.
As part of the initial launch, Creek Road Miners has an agreement in principle to acquire 2 megawatts of bitcoin miners. Each megawatt of bitcoin miners will be placed in one of two distinct and strategic geographic locations with different temperatures, humidity, and weather patterns. The first Creek Road Miners facility is expected to be completed and fully operational by the end of 2021 and followed by an aggressive schedule for developing additional sites.
Supporting its commitment to crypto-currency mining, Wizard Brands will change its name to Creek Road Miners, Inc. and apply to change its stock symbol reflecting the name change. Wizard Entertainment will continue to operate as a subsidiary of Creek Road Miners. Please visit the company’s website CreekRoadMiners.com for more information and updates.
Mr. Scott Kaufman, the Chairman and Chief Executive Officer of Wizard Brands commented, "Crypto-currency mining is a natural segue from the Company’s current NFT strategy and presents a great opportunity to enhance shareholder value by creatively leveraging otherwise unusable or underutilized resources. Given the global environmental concerns surrounding crypto-currencies, we’re excited that our solution is ESG focused and has the potential to significantly reduce the carbon footprint of mining these assets when compared to existing operations."
About Wizard Brands, Inc. (OTCQB: WIZD)
Wizard Brands, Inc. (www.wizardbrands.com) is an activist conglomerate that optimizes performance and profit in the companies it acquires, restructures, and operates.
Creek Road Miners, LLC (www.creekroadminers.com) will develop, own, and operate ESG-focused mobile bitcoin mining facilities in strategic locations around the United States by harnessing energy that is otherwise dissipated during traditional oil production.
Wizard World Virtual (www.wizardworld.com) creates and builds global interactive online communities for affinity groups by sourcing, producing, marketing, and streaming exclusive proprietary events and Signature Series content. Wizard World Virtual powers a content-rich channel that provides fans with the opportunity to connect directly with celebrities via a variety of video platforms.
Wizard World Vault (www.wizardworldvault.com) features some of the most popular pop culture memorabilia from the Wizard World Live and Wizard World Virtual events, along with items from featured artists and exhibitors in the memorabilia world.
Wizard World Live produces comic, gaming, and pop culture conventions across North America that celebrate the best in pop culture: movies, television, gaming, live entertainment, tech, comics, sci-fi, graphic novels, toys, original art, collectibles, contests, and more. Each event features topical programming and entertainment with celebrity Q&A’s, comics-themed sessions, costume contests, movie screenings, evening parties and more.
Jevo (www.getjevo.com) is one of the world’s first fully automated gelatin shot makers. We are expecting to expand Jevo’s applications and are moving toward a distributor-based model. We intend to explore potential verticals, targeting the spa and fitness, medical, senior living, and educational sectors, among others, as Jevo’s patented gelatin delivery system has the potential to play in sectors far beyond the hospitality industry.
This press release contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward looking statements is set forth in the Company’s filings with the Securities and Exchange Commission ("SEC"), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
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