SILVER SPRING, Md., Feb. 13, 2014 /PRNewswire/ -- Bitcoin Shop, Inc. (OTCQB: TUCND) (the "Company"), closed on the purchase of www.btcs.com.
"We obtained the four letter domain www.BTCS.com to match our new stock symbol, "BTCS", which will be effective March 5, 2014, to signal the depth of branding strategy we're developing around our ecommerce site, www.btcs.com." said Charlie Kiser, our Chief Marketing Officer. He added, "Our goal is to help align virtual currency shoppers and virtual currency investors with a cohesive brand that offers them opportunities to purchase, invest and share in our success."
In addition to the newly purchased domain name www.btcs.com Bitcoin Shop, Inc. owns several domestic and international domains as part of their IP assets.
About Bitcoin Shop, Inc.:
Bitcoin Shop, Inc. operates an ecommerce website (www.bitcoinshop.us or www.btcs.com) where consumers can purchase products using virtual currency such as Bitcoin, by searching through selection of over 400 categories and over 140,000 items.
Bitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments. Bitcoin is categorized as a cryptocurrency, as it uses cryptography for security, making it difficult to counterfeit. Bitcoin issuance and transactions are carried out collectively by the network, with no central authority, and allow users to make secure, verified transfers.
Forward Looking Statements:
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission, not limited to Risk Factors relating to its Bitcoin business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Bitcoin Shop, Inc.
SOURCE Bitcoin Shop, Inc.