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Whats in a name? Beverage company Long Island Iced Tea $LTEA simply rebranded their name with Blockchain in the title to, Long Blockchain Corp.They have no actual blockchain deal just 'ideas' and the stock jumps 250% premarket. Market a little tipsy?

 Simpsons Long Island Iced Tea

Long Island Iced Tea Corp. to Rebrand as “Long Blockchain Corp.”

- Corporate Focus to Shift Towards Opportunities Strategic to Blockchain Technologies -

Long Island Tea Iced Company $LTEA Pre Market: $8.03 +$5.59 +229.10%

 The companies press lease outines their plans

In connection with the shift in strategic direction, the Company has approved changing its name from “Long Island Iced Tea Corp.” to “Long Blockchain Corp.” and has reserved the web domain www.longblockchain.com. The Company intends to request Nasdaq to change its trading symbol in connection with the name change.

The Company will continue to operate Long Island Brand Beverages, LLC as a wholly-owned subsidiary and maintain the focus of this business on the ready-to-drink segment of the beverage industry, specifically, premium, ‘better-for-you’ brands marketed at an affordable price.

These opportunities include potential partnerships, investments or acquisitions involving:

·         A blockchain software developer building blockchain infrastructure for the financial services industry

·         A London-based FCA regulated, institutional provider of FX services that is building multiple blockchain and digital crypto currency technology solutions for global financial markets

·         A new smart contract platform for building decentralized applications that provides scalability beyond currently available options

However, the Company does not have an agreement with any of these entities for a transaction and there is no assurance that a definitive agreement with these, or any other entity, will be entered into or ultimately consummated.

Source Long Island Iced Tea Corp. to Rebrand as “Long Blockchain Corp.”

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