SOURCE: Cephas Holding Corp

Cephas Holding Corp

July 10, 2014 07:00 ET

CEHC Issues Corporate Update

ANN ARBOR, MI--(Marketwired - Jul 10, 2014) - Cephas Holding Corp (PINKSHEETS: CEHC) today issued an update on several important projects.

ATM and BitcoinVending Activities

Cephas has entered into a placement agreement with a high profile location in Montreal for its first international ATM. The unit is expected to be online in August with significant media coverage anticipated following the installation.

The company currently working to secure additional locations in the United States for deployment of additional bitcoin vending machines.

Cephas has developed a staffed kiosk concept that will incorporate the sale of bitcoin and bitcoin related merchandise directly to consumers. These kiosks are being targeted for major shopping malls for the Back to School and holiday shopping seasons.

BitMD.CO

Management has released an application that allows medical related businesses to accept bitcoin. The application is live on the site www.bitmd.co. The company is targeting medical marijuana, medical tourism, and disease testing and has begun marketing in those vertical markets.

Reporting and Name Change to Bitcoin Brands Inc.

The company has submitted financials to its auditors. Management is preparing the final documents on the name change to Bitcoin Brands Inc. (www.bitcoinbrandsinc.com) for submission to the shareholders on a definitive Form 14C. All required filings are expected to be completed shortly.

The statements made in this update are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. These statements including those related to the growth of the industry and the Company's performance, are only predictions and are subject to certain risks, uncertainties and assumptions. The company may encounter unforseen delays in its ATM deployments. Additional risks are identified and described in the Company's public filings with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and the Company specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.

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