BLOK TECHNOLOGIES ENTERS INTO LOI TO ACQUIRE MOBILE BANKING & PAYMENT PLATFORM "SIMPLE BLOCK"

VANCOUVER, Canada – BLOK Technologies Inc. ("BLOK Tech" or the "Company") (CSE: BLK) (FRANKFURT: 2AD) is pleased to announce it has entered into a non-binding letter of intent ("LOI") with Port Mercantile Capital Limited (“Port Mercantile”), a private Hong Kong corporation, to acquire SimpleBlock Payment.