LexRay Announces Private Pre-Sale for Initial Coin Offering (ICO) of its LexRay Utility Tokens

Mobilprise Inc., DBA “LexRay”, an industry leading operational management mobile platform, announced that LexRay Blockchain LLC, a wholly-owned European subsidiary of LexRay, or “LexRay Swiss”, plans to offer to a limited number of qualified purchasers, or “Private Sale Purchasers”, a right or “Token Right”, to receive LexRay Utility Tokens or “LexRay Tokens”, upon the completion of an Initial Coin Offering (ICO) of LexRay Swiss. LexRay intends to issue a total of 125m LexRay Tokens which will be offered in three subsequent rounds (private pre-sale, public pre-sale and ICO) of which roughly 20m LexRay Tokens will be released as free bonus tokens, particularly enabling early investors to lower the official token price of 1/300th ETH or 0.00333 ETH (approximately US$0.50 per token), e.g. offering a bonus of 85% per token to a small group of early investors during the private pre-sale round.

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In preparation of the offering and sale of the Token Right and the proposed ICO, LexRay has engaged the U.S. law firm Gutnicki LLP as its special United States counsel. Gutnicki is a boutique law firm with exceptionally credentialed attorneys dedicated to delivering business-oriented results to clients around the world. The Gutnicki team has extensive know-how of the blockchain technology and global ICOs, as well as US and foreign regulatory requirements.

LexRay Tokens are designed to be used on LexRay’s blockchain platform, which provides a decentralized and secure mobile operations solution that improves operational efficiencies, and helps manage mission critical facilities, ground crews and security systems from anywhere.

LexRay’s private pre-sale round begins at midnight (GMT) on January 8, 2019 and ends at midnight (GMT) on January 20, 2019, while LexRay’s public pre-sale round begins at midnight (GMT) on January 31, 2019 and ends at midnight (GMT) on February 28, 2019. LexRay’s main ICO round is expected to begin at midnight (GMT) on March 3, 2019 and end at midnight (GMT) on March 31, 2019.

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Simon Zhang, Chairman of LexRay, said: “The introduction of LexRay Token will enable us to offer a marketplace of decentralized services for our operators and partners, including AI analytics services. This allows scalable and cost-efficient enterprise solutions.”

The Token Right will be offered and sold, and the LexRay Tokens will be delivered and distributed to the Private Sale Purchasers in one or more transactions outside the United States in accordance with Regulation S of the Securities Act of 1933, as amended, and in the United States only to Private Sale Purchasers who are “accredited investors” within the meaning of subparagraph (a) of Rule 501 in reliance on Regulation D of the Securities Act of 1933, as amended. In addition, the offering and sale of Token Right and the delivery and distribution of LexRay Tokens may be restricted by laws in certain other jurisdictions. LexRay Swiss may, from time to time, revise the foregoing mechanics to comply with regulatory requirements or other governmental or business obligations as LexRay Swiss deems appropriate or desirable under the circumstances.

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Neither the Token Right nor LexRay Token has been or will be registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction and may not be offered, sold, pledged or transferred within the United States or such other jurisdiction without registration or an applicable exemption from the registration requirement.

LexRay Tokens are “utility tokens”. LexRay Tokens have no known potential use and LexRay does not expect LexRay Tokens to have any potential use other than to provide access digitally to the LexRay blockchain platform and its functionalities.

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