SOURCE: StrategaBiz Inc.

June 10, 2015 02:01 ET

StrategaBiz Inc. to Change Name to CryptoSign Inc.

LEHI, UT--(Marketwired - Jun 10, 2015) - StrategaBiz (OTCQB: SGBZ) recently announced its intent to acquire all of the issued and outstanding shares of CryptoCorum, Ltd. ("CryptoCorum") from its sole shareholder. CryptoCorum is the owner and promoter of the crypto-currency "LXCCoin" and the crypto-currency exchange "Swypto Exchange."

The board of directors of StrategaBiz have recommended, and a majority of the shareholders have approved, the change of the company's name from StrategaBiz to CryptoSign Inc. to better reflect the anticipated business direction of the company upon the closing of the acquisition.

The name change from StrategaBiz Inc. to CryptoSign Inc. will be effective on or about June 29, 2015 and the Company expects to apply for a new trading symbol shortly thereafter.

Information regarding the name change can be found on the Company's website located at www.strategabiz.com. The website will be changed to www.cryptosign.com in the near future.

About StrategaBiz Inc.
StrategaBiz (www.strategabiz.com) is a US smaller reporting public company that has most recently focused on finding and vetting opportunities that will preserve and increase its value.

About CryptoCorum Ltd.
CryptoCorum, through its wholly-owned affiliates, has created and is promoting the crypto-currency, LXCCoin (www.lxccoin.com). LXCCoin has a strategic business model different from other available crypto coins, in that it digitalizes actual funds rather than creating empty digital currency units. Every circulated LXCCoin has an asset value and a yield mechanism behind it. Cash behind the LXCCoin base asset value is being used for peer-to-peer lending, which enables the currency to earn interest and increase in value.

The LXCCoin can be traded on the Swypto Exchange (www.swypto.exchange) owned by CryptoCorum and which is built on the software formerly powering the CoinNext crypto-coin exchange. CryptoCorum will also encourage third party trading of the LXCCoin on other crypto-currency exchanges.

Forward-Looking Statements
Statements about the expected timing, and all other statements in this press release, other than historical facts, constitute forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date hereof and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially from those projected. A number of the matters discussed herein that are not historical or current facts deal with potential future circumstances and developments, which may or may not materialize. This press release speaks only as of its date, and except as required by law, we disclaim any duty to update the information herein.

Contact Information

  • Contact:
    StrategaBiz Inc.
    Brian Palm Svaneeng Mertz
    CEO
    +45 2390 3300
    Email Contact

    Bob Bench
    CFO
    +1 801-362-2115