Calgary, Alberta (FSCwire) - Synstream Energy Corp. (“Synstream” or the “Company”) (TSXV:SHM) announced today that it has entered into a form of agreement entitled Heads of Agreement with Byte Power Pty Ltd., a corporation listed on the Australian Stock Exchange (“Byte Power”).  Under this agreement, Byte Power will provide research and development services to determine an appropriate form of cryptocurrency which may be created and developed by Byte Power for Synstream, from design conception through to Initial Coin Offering (ICO).  Specifically, these services will include evaluating potential cryptocurrencies to be based on concepts developed by Synstream and Byte Power and may include natural gas environmental processing or other environment-oriented elements as the base for a potential cryptocurrency and as a supplement to the Company’s existing business.

In commenting on the execution of this agreement, Synstream CEO Mr David Pinkman stated: "We are excited about our engagement of Byte Power to provide these scoping study services to evaluate the creation of cryptocurrencies which will take advantage of the business experience and expertise of the Company and its Board of Directors.  We are excited to partner with Byte Power to explore establishing new cryptocurrencies that may expand upon our current business model”.

Mr Alvin Phua, Chairman and CEO of Byte Power Group said ”the signing of this Heads of Agreement allows Byte Power Pty Ltd to expand its footprint in the cryptocurrency market place and develop cryptocurrency concepts from design through to ICO implementation.  There are potentially many synergies that will benefit Byte Power and Synstream and I look forward to working closely with Synstream to open new business opportunities for both companies”. 

For further information, contact:

David Pinkman

Chief Executive Officer (Interim)

(403) 863-6034

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

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