SOURCE: Cephas Holding Corp

May 08, 2014 08:00 ET

Cephas Launches Bitcoin Vending Network

PHOENIX, AZ--(Marketwired - May 8, 2014) - Cephas Holding Inc (PINKSHEETS: CEHC) today announced that it has launched the Bitcoin Vending Network (www.bitcoinvendingnetwork.com). The Network is targeted at individuals, retailers, and commercial landlords interested in selling bitcoin via vending machines and point of sale terminals.

Cephas' goal is to become a leader in the distribution of automated retail solutions that market bitcoin.

The Network expects to offer plans for entrepreneurs to purchase or lease bitcoin machines. For a modest investment, an individual can be in the bitcoin business on the ground floor of anticipated exponential growth.

The company specifically chose to emphasize vending rather than ATM due to the evolving regulatory climate. Cephas believes that regulators are presently more accepting of the direct sale of bitcoin rather than the exchange of bitcoin for dollars.

Locations for company owned machines are being negotiated both to generate revenue and to serve as a model for clients.

Cephas expects to take delivery of its initial bitcoin hardware this month.

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 vending business is early stage and may fail completely due to various factors. 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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