ORGANO Enters Deal With Digital SkyNet Limited To Form A Blockchain Company (Formerly Organo Gold)
ORGANO has made an announcement that it has entered into a deal with Digital SkyNet to form a strategic joint venture company, something that will see the firm enter the blockchain economy.
Though the deal, ORGANO will pursuer larger market opportunities in the blockchain space, creating a more competitive advantage than any of the two firms could achieve alone.
Each Company To Have An Equal Share Of The Joint Venture Company
The terms of agreement stipulate that each company will have an equal share of the joint venture company. Joel Binn, the VP of Technology Innovation as ORGANO said that:
“The ORGANO brand is one of the most well-known and respected brands in the global nutrition industry and this historic transaction provides tremendous value to the shareholders of both companies….We look forward to partnering with Digital SkyNet, a well-respected Blockchain solutions developer, in what will be an exciting new chapter in the history of ORGANO. As a global enterprise, ORGANO will have an opportunity to more effectively drive further growth and advance our commitment to providing consumers around the globe with great tasting, nutritious and wholesome products. Blockchain technologies represent unprecedented business operations and economic applications to benefit the thousands of ORGANO customers and independent distributors around the world,”
The Global Brand Ambassador and the CVO of ORGANO, Holton Buggs, also aired his views on the partnership, saying that ORGANO has a solid sustainable growth potential when it comes to continuous innovation, high quality standards, and excellent management.
He further noted that:
“I look forward to our new ORGANO innovations showing up in the global markets and benefitting the thousands of ORGANO customers and distributors for years to come. I have recently been appointed as an executive advisor to Digital SkyNet's ‘Ormeus' subsidiary and the newly formed strategic joint venture company owned by ORGANO and Digital SkyNet. This new executive advisor role is additive to my long standing and continuing roles at ORGANO which include helping develop global distribution networks and helping ORGANO realize its strategic vision. This joint venture affords both companies the opportunity to identify, develop and monetize Blockchain related opportunities through the creation of the very first strategic joint venture to bring a leading direct seller of nutrition and beauty products into alignment with a highly innovative and successful Blockchain solutions development company.”
With headquarters based in Vancouver, British Columbia, and currently operating in five continents, ORGANO was formerly known as Organo Gold, one of the leading producers and marketers of healthy beauty and nutrition products. Today, the company specializes in proprietary nutrition products, cosmetics, personal care products, and specialty brewed beverages.
About Digital SkyNet Limited
Digital SkyNet (DSL) Limited is one of the leading Blockchain solution developers that create blockchain based solutions to help businesses accelerate their growth and improve operating efficiencies. The company has helped many firms solve real world business issues.