SOURCE: Costas Inc.

Costas Inc.

October 30, 2015 14:25 ET

Costas Inc. Announces New President

NEW YORK, NY--(Marketwired - Oct 30, 2015) - Costas Inc. (OTC PINK: CSSI) (CSSI) - Commensurate with its realignment as a global corporation, Costas Inc. announces the resignation of Ashley Sansalone as President and the appointment of Mr. Dennis Karenga as the President.

The Company would like to thank Mr. Sansalone for his hard work in re-positioning Costas to realize opportunities in the fast growing digital currency space. We wish him all the best in his future endeavours.

Dennis Karenga is passionate about financial solutions. Once he learned about Digital Currencies he quickly observed their potential to provide financial solutions in Africa, Asia and the rest of the world. He is the founder of Outsource Accounting Services, a Dubai-based accounting consultancy that has helped many companies become better companies. His role as an accounting and operational advisor to businesses from different sectors has provided him with invaluable insight into the structure, cash flow planning and management of companies like Costas Inc. and its investments.

Global Digital Systems (GDS) PLC is a Malta domiciled, Cyprus Stock Exchange-listed company that owns the SiteTalk social network platform, with millions of members and over 75,000 shareholders. Mr. Karenga is the CFO of GDS, guiding the complex structure as SiteTalk expands worldwide.

Dennis brings valuable experience in helping public companies, industrial clients and high net worth individuals develop and implement business growth strategies. His many business contacts from the financial, advertising, manufacturing, accounting consultancy, educational and insurance industries will be a great asset to the company, both in establishing new partners and in helping to build early-stage Digital Currency projects.

As the Company has been pursuing funding in Dubai, where Mr. Karenga is based, and Dubai is well positioned with its proximity to global markets, this change will help Costas meet its short and long term objectives.

Safe Harbour Act Notice:
Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current Pinksheets.com filings and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

About Costas Inc.
Costas Inc. is a publicly traded company focused on investing in and incubating promising digital currency-based businesses and entrepreneurs by providing access to a global infrastructure of financial and legal professionals and investment groups. Costas identifies "Fintech" emerging companies that, with some incubation and professional experience, will become the next standard in banking, commercial trading and lending.

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