LAS VEGAS, June 27, 2017 /PRNewswire/ --
Clifford Redekop, CEO of Costas Inc. (OTC PINK: CSSI) and the newly appointed Board Director, Stephen L. Gomes, announced today they are in talks with private Casino and Sportsbook organization, Olympian Gaming Group for acquisition by Costas Inc. "We narrowed our focus down to a handful of companies that have strong existing player databases as well as a focus on specific markets that are high growth gaming markets," says Mr. Gomes. Clifford Redekop stated, "We are utilizing some very experienced talent from the gaming industry in Europe, Canada, and Asia to help identify the best targets, and our due-diligence showed Olympian Gaming Group to be best aligned with top International Casino Management platforms, world leading gaming software and very robust payment systems that we believe will meet the demand of the international online casino market. Olympian Gaming Group has a history of working with Tier 1 partners in mobile financial technologies and fraud prevention platforms which are crucial to a successful online gaming business. Olympian Gaming Group is capable of providing state-of-the-art localized mobile payment solutions regardless of the market."
Mr. Redekop further states, "New Board of Directors addition, Stephen L. Gomes, comes from a prominent Las Vegas gaming family. His late brother, Dennis, is in the national Gaming Hall of Fame and was a leading executive in the casino industry. As a professor of international business, Mr. Gomes has been able to help us in pinpointing the best people and company to work with to build out our Online Casino and FINTech strategy".
Olympian Gaming Group representative Charles Exeter states "Costas Inc. is a company which understands the importance of FINTech combined with real world business operations. We strongly believe in this vision as online casino and gaming operators in the EU, Asia and Central/South America have been pushing the boundaries of mobile and alternate payment systems as a course of doing business. It has become a fact that Crypto-Currency is a requirement for doing business in the international online gaming world especially if we are transitioning from B2B into a B2C operation."
About Costas (CSSI): http://www.otcmarkets.com/stock/CSSI/profile
Costas Inc. is a publicly traded company on the OTC Markets under the symbol 'CSSI'. Costas Inc. invests in early stage Digital Currency projects. We believe strongly in the growth of Distributed Asset Technology and its integration into Financial Technologies (FINTech). Distributed Networks are the next massive Internet investment market, as social media was 10 years ago. Costas Inc. strongly believes that a Distributed Asset Technology product will be the next Facebook or Twitter. The current US market of FINTech is approximately $1.24 Trillion.
FORWARD LOOKING STATEMENTS:
This press release and the statements of representatives of Costas, Inc. (the "Company") related thereto contain, or may contain, among other things, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as "guidance," "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "ultimately" or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results (including, without limitation, Costas' ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with OTC Markets (Pink Sheets). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.
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SOURCE Costas Inc.