SOURCE: Cephas Holding Corp

Cephas Holding Corp

November 20, 2013 08:00 ET

Global Leadership Institute to Accept Bitcoin

PHOENIX, AZ--(Marketwired - Nov 20, 2013) - Global Leadership Institute, formerly known as Cephas Holding Corp (PINKSHEETS: CEHC), today announced that it will accept Bitcoin as payment for future educational products and services. 

Bitcoin is the first decentralized electronic currency not controlled by a single organization or government. It's a virtual form of currency that can be used to make payments over the Internet with transaction fees or involving a financial institution. It is used by people all over the world who are trading millions of dollars worth of Bitcoin every day with no middle man and no credit card companies. 

Accepting Bitcoin is an example of GLI following the innovative model that it endorses in in its educational offerings. Additionally, some emerging markets that the company is targeting may be better suited to conduct transactions in Bitcoin than in different currencies.

The company also believes that as it embarks on building an intellectual property library in 2014 it will be positioned to enhance monetization of these assets by accepting Bitcoin for articles, video classes, and other downloadable media. 

"We forecast that Bitcoin could allow us to reach additional markets and potentially change how education services are bought and sold in the developing world," added Peter Klamka Chairman. 

For more information on the company's educational products, visit www.gli360.com.

This press release includes certain statements forward-looking in nature and that involve a number of uncertainties and risks. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this press release are based on the company's current expectations and projections regarding future events, which are based on available information. The forward-looking statements in this press release may also include statements relating to the company's anticipated new developments, including accepting Bitcoin for its products and services which are currently in development, business prospects, financial performance, strategies and similar matters. The company disclaims any obligation to update its forward-looking statements, except as required by law.

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