SOURCE: Bayside Corp.

Bayside Corp.

March 24, 2015 08:00 ET

Bayside Corp. Announces the International Launch of Vault 51 in Hong Kong

DALLAS, TX--(Marketwired - Mar 24, 2015) -  Bayside Corp. (OTC PINK: BYSD) today announced through its subsidiary company Bitcoinz USA, the official launch of Vault 51, a secure offline storage for Bitcoin is now available to all consumers in Hong Kong. Furthermore, Bitcoinz USA is now offering Bitcoin for sale to consumers in Hong Kong through the Vault 51 website.

Presently, Vault 51 and the sale of Bitcoin is not available to consumers in Mainland China, however the company intends to make Vault 51 available throughout all of Mainland China in the near future. To continue, China has maintained more than 50% of the global Bitcoin market ever since the fourth quarter of 2013 and has since taken a quiet global leadership role in the Bitcoin sector.

However, Bitcoin owners and exchanges aren't safe in China either. As recent as February of 2015, a major China based Bitcoin exchange came under a huge security breach in which $1.75 million worth of Bitcoin was stolen. "Vault 51 offers a premier defense system for Bitcoin consumers in Hong Kong, and soon in Mainland China while simultaneously providing massive upside potential for Bitcoinz USA." - JW Walker, President, Bitcoinz USA.

Vault 51 is an offline storage system for Bitcoin users, which is represented by a Physical Bitcoin. The electronic Bitcoin is then stored offline in a secured computer chip known as Vault 51 and embedded in a Physical Bitcoin, which is not connected to the Internet. This process is also known as cold storage and is done to avoid hacking, loss, or theft.

About Bayside

Bayside Corp. is an American multinational corporation that manages multiple subsidiary companies engaged in a variety of business industries and sectors. At Bayside Corp. we believe that the future is now and that our efforts today will have a long lasting impact for generations to come. For additional information on the Company visit our website at: http://www.baysidecorp.com

Certain statements in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" All forward-looking statements are based on Bayside's current expectations, estimates, projections, beliefs and assumptions based on information available at the time the statement was made and in light of Bayside's experience and its perception of historical trends.

The forward-looking statement in this news release includes reference to: Bayside's ability to execute on its strategy and deliver strong results on behalf of its shareholders. Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties; some that are similar to other related companies and some that are unique to our company. Bayside's actual results may differ materially from those expressed or implied by our forward-looking statements and you are cautioned not to place undue reliance on them.

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