SOURCE: Avra Inc.

Avra Inc.

January 13, 2015 09:01 ET

Avra, Inc. Engages SightSpan as Global Risk, Security and Compliance Consultants

GREENVILLE, SC--(Marketwired - Jan 13, 2015) - Avra, Inc. (OTCQB: AVRN) ("Avra" or the "Company"), a development stage company engaging in the business of product innovation and activation of merchant and consumer commerce in the global Bitcoin-related digital currencies market, is pleased to announce that it has engaged SightSpan, Inc. ("SightSpan"), a provider of risk management and security solutions, to oversee the development of the Company's compliance policy and related activities. Mr. John Walsh, SightSpan CEO will personally act as the Company's Consulting Compliance Manager.

SightSpan (www.SightSpan.com) will work closely with Avra's management team, in developing Anti-Money Laundering and Office of Foreign Assets Control (AML/OFAC) policies, compliance training plans, risk assessment and risk management practices of the Company. This will further include implementing a number of related strategies aimed at building and positioning the Company as a trusted brand leader in this developing industry.

"Speaking on behalf of the growing team here at Avra, we are extremely pleased that SightSpan has joined with us. Their extensive experience in the compliance field will be a high value asset." stated Steve Shepherd, Avra, Inc., CEO. "We believe SightSpan brings a dynamic team able to operate nimbly in this emerging sector, and with Mr. Walsh at the helm, we are confident that Avra can achieve a leading role at the forefront of industry development. He has proposed a well-considered, efficient and managed approach to risk whilst ensuring ongoing and airtight compliance."

"For the marketplace to adopt digital assets, the use of bank-grade security, advanced risk management techniques and globally accepted compliance solutions have to be firmly in place," stated Mr. Walsh. "This is an absolute must-have for digital currencies and related assets in order to build trust and emerge as a common financial instrument. We are really pleased to join the Avra team at this early stage in order to guide and strengthen the Company's global compliance risk management strategy."

About SightSpan, Inc.
SightSpan, Inc. (www.SightSpan.com) is a multinational risk management advisory group with international expertise focused on risk management and security matters. SightSpan services include conducting AML/BSA reviews and providing technical consulting and stress testing services for banks, money service businesses and non-financial organizations, government and law enforcement agencies. They also train and provide consulting services to more than 10,000 financial professionals, law enforcement personnel and government agencies staff around the world. The SightSpan team has conducted over 500 independent examinations of Anti-Money Laundering and Bank Secrecy Act Compliance programs for a wide range of financial and non-financial businesses and their associates have testified as expert witnesses, and have taught complex money laundering and Bank Secrecy Act investigative techniques to enforcement agencies around the world.

About Avra, Inc. (OTCQB: AVRN)
Avra, Inc. is focused on solutions in the digital currency markets, particularly in the provisioning of payment solutions to businesses worldwide. The Company's business model is divided into four distinct categories: AvraPay: to develop a complete, turn-key and painless way for merchants to process Bitcoin payment transactions; AvraATM: to promote usage and acceptance of digital currencies through the Company's proposed network of ATMs; AvraTourism: to provide cryptocurrency payment processing solutions for high volume merchants such as hotels and casinos; AvraNews: to provide a news portal focusing on digital currency news. For more information about the Company please visit: www.avraglobal.com.

Additional information regarding Avra, Inc. and its filings can be found at www.sec.gov.

Forward Looking Statements
Some information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements, such as the closing of the share exchange agreement. The words "plan", "forecast", "anticipates", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in the Company's filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Avra Inc., herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Avra Inc., disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.

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