Ocean Falls Blockchain Corporation Adds Barrie McWha to its Board of Advisors

VANCOUVER, B.C., Canada, May 24, 2022 — Ocean Falls Blockchain Corp. (“OFB” or the “Company”) is pleased to announce it has added PGA Canada Life Member and former B.C. National Golf Course Owners Association Board Member, Barrie McWha, to its Board of Advisors.

McWha, a partner in Wedgewood Golf Management, is coming on to advise and assist the Company’s management team in guiding the strategic direction of OFB and in making key business decisions, especially within Ocean Falls’ captive insurance solution, SuretyBlock.

The first decentralized product from SuretyBlock, called Eagle1, is a Hole-in-One insurance platform for the golf industry. The decentralized solution makes it easier, quicker, and more efficient for hole-in-one prizes to be obtained and issued on golf courses, and in some cases, driving ranges.

Eagle1 is slated for launch in late Q2 2022. The decentralized solution has been designed to support golf associations, golf courses, and tournament organizers with unique and custom hole-in-one prize-pools and payouts.

“I am excited to work with this team on a project that is exciting for both golfers and golf courses. Today we can offer contests that will attract people to the game, and benefit golf courses everywhere,” said McWha.

McWha is a former President of the Manitoba PGA (1977-78), a former President of the PGA of Canada (1983 84), and a board member of the PGA of BC (1993-95). In 2015 he was inducted into the Manitoba Golf Hall of Fame. 

“We are excited to bring on Mr. McWha as a key advisor and partner that will help guide us in our latest decentralized financial product, SuretyBlock,” said Kevin Day, CTO at OFB and the head of SuretyBlock. “Mr. McWha brings a sharp business acumen and extensive experience in the Canadian golfing industry that will help guide us to our goals for Eagle1, and more.”

SuretyBlock aims to provide trade associations, organizations, and event organizers the option to insure themselves against various liabilities using the power of blockchain technology to pool and distribute funds. 

About SuretyBlock

SuretyBlock is a decentralized solution for captive insurance providers. A captive insurer is an insurance company wholly-owned and controlled by its insureds. SuretyBlock is a wholly-owned subsidiary of Ocean Falls Blockchain Corp. Visit oceanfalls.com for more information.

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Forward-Looking Statements

This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. These statements are based upon information currently available to OFB’s management. All information that is not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements may be identified by the use of terms such as “anticipate”, “believe”, “could”, “estimate”,  “expect”, “intend”, “may”, “plan”, “predict”, “project”, “will”, “would”, and “should”. Forward-looking statements contained in this news release are based on certain factors and assumptions made by the management of OFB based on their current expectations, estimates, projections, assumptions, and beliefs regarding their business and OFB does not provide any assurance that actual results will meet management’s expectations. While management considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect. Such forward-looking statements are not guarantees of future events or performance and by their nature involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Although OFB has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, other factors may cause actions, events, or results to be different than anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking information. OFB does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws.

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