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Long Island Iced Tea changing name to Long Blockchain

22 December 2017, 01:09 | Frank Carlson

Long Island Iced Corp. , Source Long Island Iced Corp

Long Island Iced Corp

But for now, it remains a tiny beverage company based in Farmingdale that reported total sales of just $1.6 million in its latest quarter and whose stock was down more than 40% this year before it made a decision to become a blockchain player. According to Business Insider, shares were trading at around $13 prior to the opening bell Thursday morning, representing a more than 400 percent rise from Wednesday.

For example, an iced tea company just rebranded itself as a company that does "blockchain"-the technology that makes sure all Bitcoins are unique and can't be copied". Those opportunities, which as of now haven't turned into solid partnerships or agreements, include a blockchain infrastructure developer in financial services, a London-based foreign-exchange services provider developing blockchain and cryprocurrency technology for financial markets, and a smart-contract platform.

In October, shares in the penny-stock biotech company Bioptix Inc soared when it changed its name to Riot Blockchain Inc and announced it would focus on cryptocurrency investments.

Trump Says Russia 'Not Helping' On North Korea; Russia Fires Back
Macierewicz said in a radio interview that Putin "should have the courage to take responsibility for what has happened". Mr Trump has repeatedly said all options remain on the table.

Here's a great example of just how insane people are going for blockchain. Even a tiny drinks company can benefit from it. Long Island Iced Tea Corp.is one of the top movers today, all because it wants to get into blockchain.

"We view advances in blockchain technology as a once-in-a-generation". It's gotten more worrisome as more companies have changed their names.

However, "The company does not have an agreement with any of these entities for a transaction, and there is no assurance that a definitive agreement with these, or any other entity, will be entered into or ultimately consummated", the website says.



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