SOURCE: NetworkNewsWire

November 16, 2017 08:30 ET

NetworkNewsWire Announces Publication Featuring the Disruptive Advantages of Blockchain Technology in the Mining Industry

NEW YORK, NY--(Marketwired - Nov 16, 2017) - NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Petroteq Energy, Inc. (TSX VENTURE: PQE)(OTCQX: PQEFF)(FRANKFURT: MW4A), a Canadian-registered, publicly traded company engaged in the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits.

The publication, titled, "Blockchain to Enable Frictionless Transactions, Transparency to Ease Complexities of Global Oil & Gas Industry," notes that while the mining industry has always been a breeding ground for innovation, back-office procedures haven't kept pace. The introduction of blockchain technology could be a game changer, Petroteq Energy management says.

To view the full publication, visit: https://www.networknewswire.com/blockchain-enable-frictionless-transactions-transparency-ease-complexities-global-oil-gas-industry/

"For a company like Petroteq Energy, Inc. (TSX VENTURE: PQE)(OTCQX: PQEFF)(FRANKFURT: MW4A), known for its patented solvent/surfactant-based high-capacity bitumen extraction process for cleanly exploiting raw oil sands, the move to develop a blockchain-based platform in conjunction with First Bitcoin Capital Corp. (OTC: BITCF) is as natural as it is well-timed. Petrobloq (https://petrobloq.com/) is specifically designed to meet the supply chain management needs of the oil and gas sector and the unique complexities and challenges of upstream, midstream and downstream industries.

"As Petroteq and First Bitcoin understand, the supply chain must extend beyond the product that a company produces and into ancillary supply chains required to produce its product. Their Petrobloq solution is designed as an intelligent supply chain that learns market conditions and helps the user adapt to market variables -- a feature that stands to benefit a wide variety of sectors."

About Petroteq Energy Inc.
Petroteq Energy Inc. is a Canadian-registered holding company, publicly trading on the TSX Venture Exchange (PQE) and the OTCQX trading platform (PQEFF). Its offices are located in Toronto, Ontaro, Canada and Los Angeles, California, with its initial plant location in Vernal, Utah. Petroteq is focused on value creation through the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits.

For more information about Petroteq Energy Inc. visit: https://petroteq.energy/. For more on Petrobloq visit: https://petrobloq.com/

About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today's market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information please visit https://www.NetworkNewsWire.com

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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

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