OAKVILLE, ON, Jan. 24, 2018 (PRNewswire) — Romana Food Brands Corp. announced Wednesday it will be changing its name to Romana Food Blockchain Corp. further to the announcement on the development of the next generation blockchain food traceability and control application.
According to the company, the name change is representative of the change to its core corporate focus on the development of the next generation blockchain food traceability and control application. The company intends on filing the name change with FINRA in the coming days.
"The popularity of Bitcoin and other cryptocurrency, such as Ethereum, is not surprising due to the great underlying blockchain technology which enables the coins." said Mr. Morrie Fogelbaum, Chairman of Romana Food Brands Corp. "Using the same blockchain protocols, and designing a new approach to traceability, Romana will be able to capture a significant portion of the growing $16 billion market" further added Mr. Fogelbaum.
About Romana Food Bands Corp.
Romana Food Brands Corp is an emerging leader in the authentic Italian Food sector. The company is in the process of acquiring food processing plants specializing in Italian products. It is currently in the final stages of acquiring plants in North America and in Italy.