PHOENIX, AZ--(Marketwired - Mar 24, 2014) - Cephas Holding Corp (PINKSHEETS: CEHC) today announced that it has expanded its business activities in the bitcoin space.
In November 2013, Cephas announced it would accept bitcoin as payment for tuition in its education subsidiary. Since then Cephas has been exploring the development of additional bitcoin opportunities. The company has targeted the bitcoin vending market, consumer payments and an incubator as potential areas of activity.
The company has updated its website located at www.cephasbtc.com to highlight its new focus.
"We believe there is a tremendous future in math based currencies. Cephas has a history in the payment space dating back to our work in consumer debit and prepaid cards. Bitcoin is a natural evolution of that work for us," added Peter Klamka, President.
Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet.
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. The company's bitcoin businesses are currently at a preliminary stage and may not materialize in any meaningful fashion. These forward-looking statements are based upon current estimates and assumptions and are subject to substantial risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), not limited to Risk Factors relating to its Bitcoin 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.