HOLLYWOOD, Fla., Sept. 23, 2016 /PRNewswire/ -- Sunshine Capital, Inc. (Pink Sheets: SCNP) today announced that The Board of Directors has approved the first ever dividend of a cryptocurrency coin, DIBCOIN to its shareholders.
"This will be a historical event," stated James R. J. Scheltema, President of both Sunshine Capital and DIB Funding, Inc. "With the creation of DIBCOIN, we want our shareholders to directly benefit from this historic transaction. The best way to achieve that is to issue DIBCOIN in the form of a dividend to our loyal shareholders. This is the first time a cryptocurrency is designated for the purchase of assets by a public company."
Shareholders will be given one DIBCOIN dividend for every one share they own of Sunshine Capital, Inc. for shareholders of record on October 10, 2016. Sunshine Capital will be holding nearly 5 billion DIBCOINS in its portfolio, but will only release a small amount of DIBCOINS to the public, since most of the DIBCOINS will be used by the Company to purchase assets and other corporations without diluting the shareholders in Sunshine.
"It will be like using cash to buy profitable private companies and assets for Sunshine Capital Inc.," stated Honson Luma, Vice President of Sunshine Capital and DIB Funding, Inc. "DIBCOIN will not only be accepted online, like BITCOIN, but will be accepted in the brick and mortar world as payment for acquisitions. One of the ultimate goals is to prove that cryptocurrency can be used just like the U.S. Dollar."
Due to the uniqueness of this dividend, Sunshine Capital will announce the date the dividend will be distributed shortly.
The private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond control of the company, actual results may differ materially from the expectations expressed in the forward-looking statements.
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SOURCE Sunshine Capital, Inc.