NetworkNewsWire Announces Publication Featuring Benefits of Blockchain Technology in Competitive Mining Industry

New York, New York--(Newsfile Corp. - November 17, 2017) - NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Petroteq Energy, Inc. (TSXV: PQE) (OTCQX: PQEFF) (FSE: 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," reveals the firestorm of activity around blockchain-enabled systems that can create real-time situational awareness and help offset expensive associated costs and complexities inherent in the mining industry.

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

"Digital technologies are increasingly being used to increase profit margins via back-office enhancement, providing disruptive advantages to operators at every scale. From augmented reality and predictive financial systems to distributed open-ledgering blockchain technology, the oil and gas industry is evolving to create a major opportunity for aggressive participants such as blockchain early adopter Petroteq Energy Inc. …The move to develop a blockchain-based platform in conjunction with First Bitcoin Capital Corp. 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.

"Blockchain technology has the potential to change not only the oil and gas sector but also other areas of the global business world, leading to improved and optimized efficiency of the end-to-end business transaction processes," First Bitcoin Capital CEO Greg Rubin explained in the press release announcing Petroteq's $500,000 contract (http://nnw.fm/fBui0). Notably, Rubin is a first-mover in the blockchain arena, which adds weight to the creation of this new blockchain-based platform."

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

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

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.

NNW Contact:

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com