Salesforce Workforce Reduction Affects Fewer Than 1,000 Roles Amid Ongoing Restructuring 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
SMIC Shares Slide Despite Strong AI-Driven Earnings as Margin Pressure Looms 
Samsung Electronics Sees Sustained AI-Driven Demand for Memory Chips Into Next Year 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision 
FAA Confirms $1.5 Billion Peraton Contract as U.S. Air Traffic Control Overhaul Accelerates 
Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible 
Canadian Airlines Suspend Cuba Flights Amid Jet Fuel Shortage and U.S. Sanctions 
Treasury Wine Estates Shares Surge After U.S. Dispute Settlement and Earnings Upgrade 
AST SpaceMobile Joins MSCI ACWI Index as Largest New Addition, Boosting Market Visibility 
Trump Administration Plans Chip Tariff Exemptions for Big Tech Amid AI Data Center Push 
Moderna Stock Drops After FDA Declines Review of mRNA Flu Vaccine 
Cloudflare Forecasts Strong Revenue Growth as AI Fuels Cloud Services Demand 
Innovent Biologics Shares Rally on New Eli Lilly Oncology and Immunology Deal 
Petrobras Posts Record Oil Exports as Production Surge Fuels Global Expansion 
Ancora Holdings Builds $200M Stake in Warner Bros Discovery, Targets Netflix Asset Sale Plan 
LOS ANGELES, CA, Feb. 22, 2018 -- Adaptive Medias, Inc. (Ticker: ADTM), to be soon renamed as “The Perfect Circle, Inc.” as part of its plan to reinvent itself as a financier for the cannabis industry, today announced that it has entered into an exclusive partnership with PlutusX, one of the pioneers of a unique crypto-asset and investing platform developed through blockchain technology, to jointly develop and launch an alternative payment solution through the use of crypto-assets.
Under the terms of the agreement, The Perfect Circle and PlutusX will form a separate subsidiary to be wholly-owned by The Perfect Circle that will focus on the development of a blockchain-enabled full-service banking platform that will include a number of new and innovative products that will include, but not be limited to, cryptocurrencies, insurance, credit cards, savings and loans and wealth management.
“Since cannabis remains illegal on the federal level, most financial institutions are prohibited from servicing cannabis enterprises,” said John B. Strong, Chairman and Chief Executive Officer of Adaptive Medias, Inc. “Although this has presented many companies with a hurdle they cannot seem to overcome, we felt the problem would be solved with just a bit more creativity and a level of ingenuity that will prove to be our single biggest competitive advantage as we reinvent ourselves. Rather than waiting for the federal government to change its stance on cannabis, we believe the solution to industries that face similar banking challenges is through the acceptance of an alternative form of payment that we look forward to developing as part of our agreement with PlutusX,” concluded Mr. Strong.
“PlutusX recognized the tremendous potential of crypto-assets early on and has been one of the early adopters of new and alternative payment methods, which are expanding at record speeds today for industries that demand such solutions in order to support their continued expansion,” said Angel Mondragon, Founder and Chief Executive Officer of PlutusX. “We have spent the past two years solidifying PlutusX’s blockchain-based crypto-asset platform and are excited to partner with Perfect Circle to jointly further develop and launch what could emerge as one of the primary solutions to banking issues challenging various growth industries. In doing so, together we could further accelerate what has already emerged as one of the fastest growing industries we have experienced since the dot com era,” concluded Mr. Mondragon.
To be added to Perfect Circle’s investor lists, please email James Chen at [email protected].
Twitter: Please visit PlutusX on Twitter at https://twitter.com/plutusx.
ABOUT ADAPTIVE MEDIAS, INC. (TO BE RENAMED THE PERFECT CIRCLE)
Adaptive Medias, Inc. (Ticker: ADTM) will soon be renamed as The Perfect Circle, Inc. as part of the Company’s transition into a pure cannabis play. The Company's new cryptocurrency division will focus on developing and launching alternative payment methods, including developing a solution to address the banking issues facing the emerging cannabis industry. The Company is currently in the process of strengthening its management team in advance of a global debut of its new technology. For additional information, please dial 855-FUND-420.
(This Press Release may contain certain forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Adaptive Medias, Inc. has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect Adaptive Medias' current beliefs and are based on information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause Adaptive Medias' actual results, performance or achievements to differ materially from those expressed in or implied by such statements. Adaptive Medias undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information contained in this Press Release including such forward-looking statements.)
Adaptive Medias, Inc. James Chen [email protected]
