Bitovation Corporate Update

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Bitovation Corporate Update

Los Angeles - May 17th, 2020 - Bitovation Corp. (bitovation.com), an all-in-one solution helping merchants and shoppers in the new digital economy, announced the following corporate updates:

Owards (owards.io) is to produce the Owards Dance Off, a peer to peer online dance contest aimed at promoting the upcoming Owards Rewards platform launching August 3rd (from beta).

The contest is limited to 200 contestants and voting is determined online and through Bitovation's proprietary texting platform. Contestants are given unique tools to promote themselves via their social influencing networks, including individual short codes with their names.

Contestants will be competing for over $10,000 in prizes comprised of digital cash, travel and general prizes. Voters will also be given $20 of Ovato just for voting, sponsored by otext (otext.io) in promotion of the recently announced Ovato text wallet. Contestant registration is open now and voting to commence on June 22nd.

Owards
About Owards

Owards (owards.io) is owned and operated by Bitovation Corp., based in Southern California. Owards offers up to 40% rewards, discounts and and rebates on your everyday shopping from over 2,000 brands you already know and trust. The shopping ecosystem is free to join for users and provides powerful rebates and incentive programs with the new digital currency called Ovato (ovato.com), allowing a low cost barrier to entry for consumers looking for easy access into digital currencies. Owards also helps merchants with on-boarding into the Bitovation platform by seamlessly integrating with their POS systems and marketing to the existing digital currency marketplace. Bitovation is helping the adoption of digital currency through rewards.

Bitovation
About Bitovation

Bitovation (bitovation.com) is owned and operated by Bitovation Corp., based in Southern California. Bitovation helps merchants to begin accepting and adopting cryptocurrency by assisting with on-boarding into the Bitovation platform, seamlessly integrating with their POS systems, and marketing to the existing digital currency marketplace. Bitovation is helping the adoption of digital currency through rewards.

Bitovation
About oText

otext.io is an all-purpose SMS digital wallet for the cryptocurrency, Ovato. It's as easy to use as texting. Ovato Text Wallet (Otext) enables instant transactions without internet, apps, accounts, or passwords by providing an SMS gateway to the blockchain. With Ovato's un-hosted cryptocurrency wallet, you can effortlessly send cryptocurrency to mobile phone numbers or crypto addresses. Recipients do not need to take any action to receive funds and funds are immediately available. It's a powerful tool for introducing new users to the power and security of digital currency and the perfect solution for the billions of underbanked people with basic-feature mobile phones. Get your Ovato Text Wallet here.

Contact Information

Roger Yack
Email: roger@bitovation.com

Safe Harbor: This release contains statements that constitute 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. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Bitovation Corp, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Bitovation Corp. ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Bitovation Corp. filings with the Securities and Exchange Commission and/or the company's website.