SILVER SPRING, MD--(Marketwired - Mar 17, 2014) - Bitcoin Shop, Inc. (
Charles Allen, CEO of Bitcoin Shop, commented, "After careful consideration we are happy to begin working with the Alliance Advisors team on our financial communications strategy going forward. Their team has built an expertise in the digital currency industry, which will prove to be beneficial towards our messaging as our business and the industry continue to evolve. We look forward to working closely with their team."
Valter Pinto, Partner of Alliance Advisors, commented, "Bitcoin Shop is uniquely positioned to facilitate ecommerce shopping and offer a virtual currency marketplace for those who own Bitcoin. Today, Bitcoin Shop offers over 140,000 products with strategic plans to expand its product offerings and categories. As the supply of Bitcoin increases along with the consumer's knowledge about digital currency, we anticipate Bitcoin Shop's first-mover technology to become increasingly more valuable."
About Bitcoin Shop, Inc.:
Bitcoin Shop, Inc. operates an ecommerce website (www.bitcoinshop.us) where consumers can purchase products using virtual currency such as Bitcoin, by searching through selection of over 400 categories and over 140,000 items.
Bitcoin is a digital or virtual currency that uses a peer-to-peer network to facilitate instant payments. Bitcoin is categorized as a cryptocurrency, as it uses cryptography as a security measure. Bitcoin issuance and transactions are carried out collectively by the network, with no central authority, and allow users to make verified transfers.
Forward Looking Statements:
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission, not limited to Risk Factors relating to its Bitcoin business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.