As you might know from the previous announcements, Dubai Business International, private investment firm, has acquired Royal Kingdom Enterprise. In 3 months period, we are planning to restructure the company to make it more efficient and profitable. While we have our own internal plans about restructuring, here is our current planned schedule regarding the company products:

January 15. Statement regarding premiums will be issued, contains clarifications about how it will be performed;
January 19–February 2. VentureKingdom platform will undergo maintenance aimed at improving the system and adding necessary features to be aligned with the company strategy;
February 10. Launch of the central website combining all the information scattered across multiple company websites;
February 25. Beta launch of the mobile wallet, supporting RKC, ETH and custom ERC20 tokens;
March 10. Launch of the desktop wallet, supporting RKC, ETH and custom ERC20 tokens.

At that point, we will have more understanding about how to bring the company to the next level. In the background, we are seeking to work out more deals with other companies to make RKE more profitable.

The schedule reflects our current awareness of the situation and our best intentions to hit these milestones; however, it is open to changes and additions.

We are freezing Pantera Exchange development until we have a clear strategy and understanding about its role; Palmex Exchange will continue running normally.