LONDON, October 2, 2018 /PRNewswire/ --
Right of Reply ("RoR"), a fast-growing technology company dedicated to protecting the reputations of people and institutions on the Web by providing online and real-world reputation management tools, today announces that it has entered into a Letter Of Intent, to acquire 20% of Network Society Lab International, Inc. (NSLI) the US-based blockchain technology consulting company, with offices in Australia, Europe, Latin America and Africa.
David Orban, Founder and Chairman of NSLI, will join from November 1, 2018, Right of Reply Board of Directors
NSLI is a Venture Development firm that focuses on adding value to startup companies that are based upon exponential technologies and decentralized networks.
The acquisition allows RoR to take advantage of NSLI's global reach and expertise, integrating also its products and services in NSLI's offering.
NSLI, has also been put in charge to coordinate and advise the token sale, expected to be launched in 2019, of Right of Reply subsidiary RORKEY.
The acquisition will be paid in a mix of cash capital increase in NSLI and, for more of the 85% of the acquisition price, in issuing to NSLI shareholder Right of Reply Common shares valued at the expected IPO issuing price, or $15 per shares.
"Right of Reply plays an important role in today's world, where online reputations are a fundamental part of creating sustainable value both as individuals and as organizations. We are excited about the acquisition and to join forces with the RoR team," declares David Orban.
Thomas Brook, Right of Reply CEO stated: "David Orban and his team share a strong vision of the exponential value released through decentralizing technologies and their network effects. Right of Reply recognizes that reducing ambiguity about online sources of information and the about individuals and institutions they cite or reference will create new opportunities for people to share their truth and will help combat cyber defamation and fake news. We are delighted that David will be joining the board of directors and that we will be working closely NSLI on the architecture of our block chain enabled platform."
Note to Editors
Right of Reply
Right of Reply is a Social Impact technology company which provides easy to use reputation management tools to ensure anyone's ability to counter unfair, inaccurate or incomplete reporting by putting the other side of the case with identical positioning and prominence as the original article http://www.ror.news, credit report http://www.roccnow.com or internet post and personal identity http://www.rorkey.com
These reputation management tools have been created to deal with personal attacks online in social media and blogs, newspaper coverage and credit reports.
For further information, see: https://rightofreply.news
Network Society Lab International, Inc.
Network Society Lab International, is a US-based global venture development and advisory firm with offices in Australia, Europe, Latin America, the US and Africa, facilitating the tokenization of the business models of its clients and execution all necessary activities to accelerate client success within a holistic approach. http://netsoclab.com
David Orban is the Founder of Network Society, a group of companies operating at the intersection of exponential technologies and decentralization, leading to socio-economic phase transformation. The group includes activities in investing, consulting, learning, mining, and trading. He is an investor, entrepreneur, author, keynote speaker, and thought leader of the global technology landscape. His entrepreneurial accomplishments span several companies founded and grown over more than twenty years, and he is on the Faculty of and Advisor to the Singularity University. http://davidorban.com
Contact: Henry Gewanter, Positive Profile, Tel: +44(0)7774-228845
SOURCE Right of Reply