SOURCE: Bitcoin Shop, Inc.

Bitcoin Shop, Inc.

October 20, 2014 09:12 ET

Bitcoin Shop Announces Formation of Advisory Board

ARLINGTON, VA--(Marketwired - Oct 20, 2014) - Bitcoin Shop, Inc. (OTCQB: BTCS) ("Bitcoin Shop" or the "Company"), operator of the digital currency ecommerce marketplace www.btcs.com, which is undertaking the build-out of a universal digital currency ecosystem, announced today the formation of its Advisory Board. The advisory members have been chosen based on their interest in, and understanding of, the digital currency industry. Each member brings an impressive career, credibility, extensive expertise and leadership to Bitcoin Shop.

Charles Allen, Chief Executive Officer of Bitcoin Shop, commented, "We are pleased to have established an esteemed Advisory Board. All our members are committed to supporting our customers, partners and shareholders by providing advice and leadership combined with access to their extensive global network."

The Advisory Board consists of the following members:

         
Name   Affiliations   Positions
Margaux Avedisian   EvotionMedia, LLC   Founder
David Bailey   BTC Media, LLC   Chief Executive Officer
Patrick Cines   College Cryptocurrency Network   Director
Carol Van Cleef   Manatt, Phelps & Phillips, LLP   Partner
Bruce Fenton   Atlantic Financial Inc   Founder & Managing Director
Jeremy Gardner   College Cryptocurrency Network   Co-founder & Executive Director
Jason King   Sean's Outpost   Founder
Will O'Brien   BitGo, Inc   Chief Executive Officer & Founder
Jonathan Silverman   Sator Square Partners, LLC   Partner
Changpeng Zhao   OKCoin PTE LTD   Chief Technical Officer
         

About Bitcoin Shop, Inc.:
Bitcoin Shop, Inc. plans to build a universal digital currency platform with the goal of enabling users to engage in the digital currency ecosystem through one point of access. We currently operate our legacy ecommerce website (www.bitcoinshop.us) and are operating our beta site (www.btcs.com) where consumers can purchase products using digital currency such as bitcoin, litecoin and dogecoin, by searching through a selection of over 2 million items. We provide our customers competitive pricing options from over 85 retailers through our "Intelligent Shopping Engine". All ecommerce customer orders are fulfilled by third party vendors. We plan to use our ecommerce platform as a customer on-ramp for a broader digital currency platform. We have been actively partnering with strategic digital currency companies who have technologies, services or products that are complementary to our business strategy by making investments in them and integrating with them.

Digital currencies use peer-to-peer networks to facilitate instant payments. They are categorized as cryptocurrencies, as they use cryptography as a security measure. Digital currency issuances 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 digital currency 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.

Contact Information

  • Primary Investor Relations Contact:
    Valter Pinto
    Capital Markets Group, LLC
    (914) 669-0222 or (212) 398-3486
    Email Contact

    Investor Relations:
    Jon Cunningham
    RedChip Companies, Inc.
    (800) 733 2447 ext 107
    Email Contact

    Media Contact:
    Xenia von Wedel
    Transform Public Relations
    (408) 740-5630
    Email Contact