5EL SA Adds Blockchain Tech Applications Business Unit and Welcomes New Investor

New York - Lausanne, September 4, 2017, -- 5EL SA Board meeting held on September 1, 2017 has approved expansion of 5EL SA into commercial applications of blockchain technology in sports, entertainment, personal finance and art industry space through an introduction of the new business unit named 5EL Blockchain Lab.

5EL Blockchain Lab will operate from the Company's offices in Lausanne and in New York, enabling their early adoption of blockchain technology and will manage all of 5EL ongoing investments in blockchain, crypto-currencies and data protection space going forward.

"5EL Blockchain Lab allows for a better use of our technology and resources as we are preparing to deploy various commercial applications in personal finance and art industry space," commented Mr. Serge Umansky, the Chairman of 5EL SA who is also overseeing 5EL Blockchain Lab.

In a separate and unrelated development today, 5EL SA was informed that Mr. Sergey Skaterschikov, the digital media and technology entrepreneur, acquired 300,000 shares (9.64%) of 5EL SA, by purchasing the shares from Highlight Finance Corp that now reduced its ownership interest in 5EL to 26.38%. Mr. Skaterschikov's prior investments include E*Trade Eurasia LLC, IndexAtlas Inc., caibon.com Internet Services AG, Artnet AG, Paddle8 Inc, ARTnews Ltd, Viennafair and Skate's Art Market Research.

For further information please contact Victor Iezuitov (viezuitov@5el.ch) or visit our website www.5EL.ch

5EL SA published this content on 04 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 September 2017 21:02:10 UTC.

Original documenthttps://www.5el.ch/s/Blockchain-Lab_press-release_final.pdf

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