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ROBESONIA, Pa. - Web3 infrastructure company Blaqclouds, Inc. (OTC:BCDS), a micro-cap player with a market capitalization of $3.34 million, announced Tuesday the appointment of Dr. Tony Ratliff to its Advisory Board of Directors.
Dr. Ratliff brings experience as an entrepreneur, investor, and company founder with a background in business development. He previously owned and managed nine dental practices before retiring from dentistry to focus on startups and investments. The appointment comes as BCDS faces significant market challenges, with the stock down 93% year-to-date and 81% over the past six months, according to InvestingPro data.
According to the company’s statement, Dr. Ratliff has served as a managing partner for two Indianapolis-based venture capital groups and has founded multiple companies across various industries. He has also lectured on Entrepreneurship at Purdue University.
"I’ve invested in over 20 startups and built several businesses from the ground up, but I’ve never been this passionate about something," Dr. Ratliff said in the press release.
Shannon Hill, President of Blaqclouds, stated that Dr. Ratliff’s "entrepreneurial spirit and deep investment background" align with the company’s mission in the Web3 space.
Blaqclouds describes itself as a company that bridges traditional finance and decentralized ecosystems through blockchain applications focused on commerce and payments. Its consumer applications include a crypto-to-gift card platform, Web3 payment solutions, a decentralized exchange, and a blockchain wallet. InvestingPro analysis indicates a WEAK financial health score of 1.59, suggesting potential challenges ahead. Discover more detailed insights and 12+ additional key metrics with an InvestingPro subscription.
The announcement comes as the company continues developing its presence in the blockchain technology sector, according to the press release statement.
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