Security First International Holdings, Inc. Announces Signing of Letter of Intent

FT. LAUDERDALE, Fla. - May 15, 2024 - PRLog -- Security First International Holdings, Inc. ("Security First"), a diversified holding company focused on emerging technologies, today announced the signing of a non-binding Letter of Intent (LOI) with Blockberry, LLC ("Blockberry") to explore the potential acquisition of Blockberrys technology assets, specifically the Blockberry.io project.

Blockberry.io is a web3 messenger application designed for users with MetaMask wallets. This platform allows for secure and private messaging functionalities within the growing decentralized finance (DeFi) and blockchain space.

Security First is excited about the potential of Blockberry.io to become a leading communication platform in the web3 ecosystem, stated Brian Fowler, President at Security First. This potential acquisition aligns perfectly with our strategic focus on investing in innovative solutions that drive the future of finance. We believe Security Firsts resources, experience, and industry relationships can significantly accelerate the development and user adoption of https://blockberry.io.

The LOI outlines a framework for further discussions between the two companies. The terms of a definitive agreement, if any, will be subject to negotiation and due diligence.

About Security First International Holdings, Inc.

Security First International Holdings, Inc. is a diversified holding company that invests in and manages a growing portfolio of technology assets across various industries, with a strategic focus on emerging technologies like blockchain and DeFi.
https://us.etrade.com/search?q=scfr

Forward-Looking Statements

This press release contains certain 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 forward-looking statements reflect the Company's current expectations regarding future events, including the potential acquisition of Blockberry.io technology assets. These statements are based on a variety of assumptions and are subject to a number of risks and uncertainties, which could cause actual results to differ materially from those expressed in or implied by such statements. These risks and uncertainties include, but are not limited to, the ability of the parties to successfully negotiate and enter into a definitive agreement, the timing and completion of closing, and other factors discussed in the Company's filings with the Securities and Exchange Commission. The Company disclaims any obligation to update any forward-looking statements.

Contact:

Brian Fowler

bfowler@scfrholdings.com