SOURCE: Bitcoin Shop, Inc.

Bitcoin Shop, Inc.

June 23, 2015 08:37 ET

Bitcoin Shop Posts Video Presentation

Video From Chairman & CEO Charles Allen Includes Tour of NC Facility

ARLINGTON, VA--(Marketwired - Jun 23, 2015) - Bitcoin Shop, Inc.(OTCQB: BTCS) ("BTCS" or the "Company"), a blockchain technology company that engages in transaction verification services, announced the release of a video from its Chairman and CEO Charles Allen. In the video, Allen discusses recently disclosed developments and provides a tour of the Company's North Carolina facility.

Highlights of the video include commentary on the recently announced pending merger with Spondoolies-Tech, including post-merger valuation metrics and peer comparisons, as well as revenue information related to the Company's transaction verification services for both 2014 and Q1 2015. Additionally, Allen discusses the Company's near-term plans to increase capacity at its North Carolina facility and the potential positive financial impacts of bringing Spondoolies' highly-efficient next-generation servers online.

The video update is available at: https://youtu.be/b2DA98yeGho

"We believe we're well-positioned to achieve key milestones on multiple fronts in the coming months that could lead to significant shareholder value improvement," stated Allen. "Our planned merger with Spondoolies will bring together a phenomenal team with the shared vision and work ethic necessary to capitalize on the immense opportunities in the digital currency space. I look forward to providing future updates as we move forward."

About BTCS:
BTCS is a blockchain technology company that provides transaction verification services for digital currency. BTCS is building a universal digital currency platform with the goal of enabling users to engage in the digital currency ecosystem through one point of access. BTCS continues to actively partner and integrate with strategic digital currency technology companies who provide products or services that are complementary to its business strategy. BTCS operates its public 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 250,000 items. For more information visit: www.btcs.com

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

  • BTCS Investor Relations:
    Michael Sullivan
    RedChip Companies, Inc.
    (407) 644-4256, ext. 115
    michael@redchip.com