Square Chain Corp. Announces Two Acquisitions

Square Chain Plans for More Growth

Newport Beach, CA - (NewMediaWire) - March 21, 2019 - Square Chain Corp. (OTC Pink: SQCC; "Square Chain" or the “Company”) announces that it purchased M Line Holdings, Inc.’s real estate assets and its 55% interest in the Caravel Group using stock of the Company.

The stock being issued to M Line Holdings, Inc. for these companies gives M Line a controlling interest in SQCC. 

Furthermore, Mr. Jeffrey Parker has resigned from his position as a director and CEO of SQCC and Mr. Anthony Anish has been appointed CEO and Mr. Jitu Banker CFO and Directors of the Company.  Future plans include appointing additional Directors in the near future.

·         The new management of SQCC is planning to continue working to grow the business and potential opportunities that previous management were working on.

·         The two opportunities are in the block chain industry and a DRTV opportunity which current management believes has fantastic growth potential. 

·         The management of SQCC are negotiating the purchase of an additional 20% of the Carvel Group, Inc.

·         The company has moved its head office from Florida to Newport Beach, California

Tony Anish, CEO of M Line, commented: “These acquisitions bring immediate revenues to SQCC and start the growth of the Company.  They also bring strong assets to the Balance Sheet. SQCC’s parent Company is M Line Holdings, Inc. who will keep a controlling interest even after distributing some of its SQCC shares as a dividend to M Line’s shareholders, subject to regulatory approval. These actions will have a very positive impact on SQCC as it will increase the number of shareholders of SQCC and generate more interest in SQCC.

Tony continued: “Caravel’s primary products are Vea™ proactive hydration and caffeinated sparkling water beverages and the Torque® line of energy drinks as well Larry Caputo wine, our first imported wine line.  Forecasted revenues for Caravel are expected to be over $20 million dollars in the next twelve months and we anticipate net profits to exceed 35%.  Our significant orders in Mexico include deliveries through our distributors to Walmart Mexico and OXXO.  In the US we will be delivering to many of the major grocery and convenience store chains to be announced in the near future.

The property being purchased is 38 acres in Golden Valley, Arizona and 0.5 acres in Dolan Springs, Arizona.  Both sites have operating businesses on them that will be paying rent at market rates.

SQCC’s Financial Statements will be filed separately and consolidated with the revenues of M Line Holdings, Inc.  Management plans to change SQCC’s year end to April 30 and audit the Financial Statements so that we can file a registration statement and become fully reporting.

As always, Management intends to improve shareholder value significantly.”

About Square Chain Corporation

Square Chain has designed a multi-faceted business model to take advantage of the significant emerging opportunities being developed utilizing blockchain technology, and to invest in projects that can help define those opportunities. The initial opportunity identified is the DRTV industry.

The Company has now purchased a controlling interest in the Caravel Group, Inc., a company involved in the Beverage Branding and Distribution business.  In addition, SQCC purchased land for redevelopment in Arizona.

The Company will continue to look for opportunities in related businesses or other opportunities that make sense to the management of the Company.

Safe Harbor and Informational Statement

This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial conditions or results of operations; (iii): the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends.

The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statement is not a guarantee of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's statements and reports filed with the OTC Markets. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.

For more information contact Tony Anish

E Mail: info@squarechain.io

Follow us on Twitter @sqcccorp

Follow us on Twitter: @mlinehc

Caravel Web site:  www.drinkvea.com / @DrinkVea

Torque® site:  www.drinktorque.com / @DrinkTorque

Web site:  www.mlinehc.com