SOURCE: Cephas Holding Corp

May 05, 2014 09:00 ET

Cephas Announces New Name Reservation and Issues Update

PHOENIX, AZ--(Marketwired - May 5, 2014) - Cephas Holding Inc. (PINKSHEETS: CEHC) today announced that it has reserved its new corporate name with the Delaware Secretary of State.

The company is preparing to change the name from Cephas Holding Corp to one that reflects its emerging bitcoin businesses. The new name encompasses the company's current operations and provides a platform for future opportunities.

Cephas is presently working through the multistep process. A 14C Information statement identifying the name will soon be distributed to shareholders for review. Once the transition is complete the company will apply for a new symbol to reflect its new name.

Management is also aggressively completing the two remaining filings so it can return to current status. The company has again retained DKM Certified Public Accountants for the audit assignment.

Cephas is building consumer facing bitcoin businesses including ATMs, medical payment processing, peer to peer lending and a seed stage business accelerator. Cephas previously created and marketed debit cards for well known brands including The Apprentice with Donald Trump and Hello Kitty.

Some statements made in this press release 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's bitcoin businesses are early stage and may fail. 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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