WILTON, CT--(Marketwired - Mar 19, 2014) - Gold Coast Mining Corp. (OTC Pink: GDSM) (PINKSHEETS: GDSM), provides the following Corporate Update:
The Company is pleased to announce that it has obtained the url mj-xchange.com and will be moving forward with developing its social media aspect of its business. The Company believes this will site will attract people interested learning more about the industry, advertise their products, as well as the Company's products, and provide a forum for users to interact via their own accounts.
The Company believes that MJ-Xchange will be the "go to" source for all things marijuana with the added ability for users to have "inboxes" and the capability to communicate with other participants, each with their own account/inbox, etc.
Social media is just one of the Company's business segments. The Company is currently meeting with several MJ industry participants and manufacturers to further penetrate the market. Initially, the Company's geographic focus is Colorado. Colorado has predicted that in 2014 it will see nearly $600 million in profits related to MJ sales all of which is taxed. Colorado will realize $67 million in tax revenue alone from those profits which will in part go to funding schools. The Company is positioning itself to participate in this growing market that will bring extraordinary benefit to its shareholders.
The Company continues to follow developments in other states to continue its expansion and branding strategy. The Company will keep its shareholders and the investment community updated as events unfold.
ABOUT GOLD COAST MINING
Gold Coast Mining Corp. is a holding company with interests in the mining and energy sectors. The Company's goal is create a vertically integrated oil division and continue its diversification into other high growth industries. The primary goal is to generate cash flow to sustain and grow profitability.
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Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance.