Lucosky Brookman LLP advises First Bitcoin Company to complete an Alternative Public Offering
WOODBRIDGE, N.J., Feb. 12, 2014 /PRNewswire/ -- Lucosky Brookman LLP (the "Firm" or "Lucosky Brookman") (www.lucbro.com ), a leading corporate finance and securities law firm, has announced that on February 5, 2014, its client, bitcoinshop.us, LLC, merged with Bitcoin Shop Inc. f/k/a TouchIT Technologies, Inc. (the "Company" or "Bitcoin Shop") (OTCQB:TUCND), successfully completing an alternative public offering of its common stock and commencing trading on the OTC Markets. The Company simultaneously completed a capital raise of $1,875,000. In an article featured in the Wall Street Journal on February 6, 2014, Bitcoin Shop was touted as "the first U.S. publicly traded company with the word 'bitcoin' in its name, a hallmark for a virtual currency whose rapid growth has spawned intense regulatory scrutiny." http://online.wsj.com/news/articles/SB10001424052702304450904579367293415457138
Joseph Lucosky, the Managing Partner of the Firm, commented on the transaction, "Lucosky Brookman was pleased to act as counsel for Bitcoin Shop in this historic transaction, as Bitcoin Shop becomes one of the first bitcoin-based public companies to successfully access the US capital markets. We congratulate the Company for achieving this prestigious milestone and for bringing further publicity to bitcoin."
Charles W. Allen, Chief Executive Officer of Bitcoin Shop, added, "This transaction occurred at lightning fast speed and we are very appreciative of Lucosky Brookman's extraordinary efforts and diligence, which were instrumental in helping us towards achieving our ultimate goal of rapidly entering the US capital markets."
ABOUT LUCOSKY BROOKMAN LLP
Lucosky Brookman LLP is a corporate finance and securities law firm with offices in New York and New Jersey, representing public and private companies, investment funds, institutional investors, high net worth individuals, both domestic and international, in sophisticated corporate and securities transactions, mergers and acquisitions, alternative investments, secured and unsecured lending transactions, PIPEs and general corporate matters. Additional information on the Firm and its practice areas can be found at www.lucbro.com.
ABOUT BITCOIN SHOP INC.
Bitcoin Shop offers a wide variety of merchandise for purchase with virtual currencies, primarily bitcoin. Similar to other online retailers with solely an online presence, such as Amazon, eBay, or Rakuten, Bitcoin Shop aims to present a traditional browse and checkout process to our customers, the major difference being able to pay with virtual currencies at checkout instead of Fiat Currency. Bitcoin Shop serves as a medium between consumers wishing to spend bitcoin and sellers wishing to receive sales driven by bitcoin.
This press release may be considered advertising under the rules of some states. Prior results cannot and do not guarantee or predict a similar outcome.
SOURCE Lucosky Brookman LLP