SOURCE: Bayside Corp.

Bayside Corp.

SOURCE: Bitcoinz USA

Bitcoinz USA

June 15, 2015 09:00 ET

Bayside Corp. Subsidiary Announces Interim Second Quarter Revenues

Bitcoinz USA Announces Interim Second Quarter Net Revenues

DALLAS, TX--(Marketwired - June 15, 2015) - Bayside Corp. (OTC PINK: BYSD) subsidiary company Bitcoinz USA today announced estimated interim second quarter net sales revenues of $168,000. The company's net sales growth was spurred on by its sales expansion of Bitcoin and Vault 51 into over thirty-five countries in 2015 versus one country in 2014.

To continue, the company also announced interim second quarter gross sales revenues of $3,200,000. The company's gross sales growth was impacted largely by institutional sales of Bitcoin. Which resulted in the company's launch of Vault 52 an offline Bitcoin storage system to help streamline the sale and storage of Bitcoin to institutional Bitcoin consumers.

Furthermore, financial figures disclosed in this press release are still preliminary and will be adjusted accordingly in the company's second quarter financial reports. Bitcoinz USA also anticipates the launch of Vault 51 and 52 into several new markets before the end its fiscal second quarter.

Over the past year alone, the theft of Bitcoin has represented over of $600 million USD in consumer losses. These cyber thefts continue to highlight the need for consumers to protect their Bitcoin with a premier defense system like Vault 51 & 52.

Vault 51 and 52 is operated by Bitcoinz USA. Vault 51 is an offline storage system for retail Bitcoin users which is represented by a copper Physical Bitcoin and Vault 52 is an offline secure storage for institutional Bitcoin users which is represented by a silver Physical Bitcoin. The electronic Bitcoin is then stored off-line in a secured computer chip known as Vault 51 & 52 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 Bitcoinz USA

Bitcoinz USA seeks to innovate existing crypto-currency technology to create new technology and online platforms that will re-invent the future of business. The company is a subsidiary of Bayside Corp., an American multinational corporation that manages multiple subsidiary companies engaged in a variety of business industries and sectors. 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.