BOCA RATON, Florida, November 18, 2015 /PRNewswire/ --
Companies' partner to use SelectaDNA's patented DNA marking technology to ensure authenticity of collectibles sold on LegacyXChange's soon to-be launched e-commerce platform
LegacyXChange, Inc. (OTC: LEGX) ("LegacyXChange" or the "Company") is pleased to announced today that it has entered into an exclusive two-year technology partnership with CSI Protect, LLC, the licensed distributor of SelectaDNA, a provider of DNA-based anti-counterfeiting technology, exclusively for use in the sports collectibles and memorabilia markets, as well as other business verticals.
The agreement will allow LegacyXChange to provide ongoing verification of the authenticity of certain collectibles and memorabilia sold exclusively through its online ecommerce platform, LegacyXChange.com, which is expected to launch in the first quarter of 2016. The site is designed to enable celebrities, athletes, and creators of collectibles to manage and benefit from the sale and resale of their authentic collectibles. These transactions will be "Authenticated" by the use of a DNA marker which will ensure the highest level of product integrity for collectors, as well as managing electronic chain-of-custody to enhance the value of those items that will be sold on LegacyXChange.com. Original collectible sellers will have the extra added benefit of being assured of brand and pricing control. LegacyXChange.com will also require a higher level of authenticity for market resellers, as all signed third-party merchandise must be authenticated by one of the leading industry authenticators prior to listing. This in and of itself will increase the value of our brand and the integrity of our business model.
In exchange for the use of the DNA technology and the development of DNA autograph pens to be used for collectible signings, LegacyXChange will reference the authentication technology as "Powered by SelectaDNA and CSI Protect" in all future national advertising and promotions.
"This agreement reflects our commitment to radically changing the authentication standards of the collectible industry," said Bill Bollander, LegacyXChange CEO.
"LegacyXChange will put in place the processes to ensure its sports and other collectibles are authentic. SelectaDNA and CSI Protect will provide its world-leading asset marking DNA technology for placement directly on the items that will be available on our website, http://www.LegacyXchange.com . SelectaDNA and CSI Protect is the leading home asset marking company, located in over 40 countries, with millions of items marked and countless crimes solved, SelectaDNA and CSI Protect have set the bar very high. Together we will offer our customers the exclusive assurance of credibility never before experienced in the collectibles marketplace. This is a significant game changer, and now we can begin the process of gearing up for launch."
"The global counterfeiting issue crosses all product categories and sport memorabilia is a prime area. Our technology will enable LegacyXChange to authenticate original signed memorabilia, and protect the legacy of the athlete. This partnership is an example of proactively building consumer confidence within this segment and protecting the value of items being purchased and sold. As we increase awareness in the United States for our core business, home asset marking, we believe there are significant synergies between our companies that will surface as we move forward", states Henrik Olsen, CEO, CSI Protect
LegacyXChange plans to release more information regarding CSI Protect, LLC and Selecta DNA prior to launch.
About LegacyXChange, Inc. and LegacyXChange.com.
The company is currently developing an online site for the trading of collectibles and memorabilia across numerous product categories. Utilizing unique DNA authentication solutions to enable collectibles and memorabilia to be permanently marked through ink in a pen, our goal is to provide the ongoing ability to guarantee authenticity of items. All items marked with this technology will be sold as Original, directly from athletes and celebrities. The site will also allow third party collectible items to be listed and sold.
To learn more about LegacyXChange, please visit: http://www.legacyxchange.com/
About CSI Protect, LLC:
CSI Protect & SelectaDNA has been at the forefront of providing world class property marking solutions since 1985. Since then, SelectaDNA has helped homeowners, businesses, local authorities and schools protect their property, marking over 30 million valuable items in the process. The US partner is based in Knoxville, TN, and serves its customers both directly and through a growing network of US resellers.
Our business has grown over the years because we pride ourselves on quality products, the best customer service and exceptional value. In fact, repeat business is growing as more and more satisfied customers return to us year after year.
To learn more about CSI Protect, LLC please visit: http://www.csiprotect.com
Forward Looking Statements and Disclaimer
Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. For a discussion of these risks, see the Company's Form S-1, which may be reviewed at http://www.sec.gov . In addition, you should review the Company's periodic reports also that are available at http://www.sec.gov . The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.
SOURCE LegacyXChange, Inc.