HOLLYWOOD, Fla., March 31, 2017 /PRNewswire/ -- Sunshine Capital, Inc. (OTC-Pink:SCNP) today announced that all corporate debts of the Company have been paid using DIBCOIN at a rate of $1 per DIBCOIN. The debts include the remaining convertible debt notes and management salaries for the next 12 months. Using DIBCOIN as a form of payment protects our shareholders' ownership in the company from being diluted. The outstanding shares are currently at 17M shares with plans of never issuing another share of stock in the Company.
"I have a vision for this company," stated Adam Petty, President/CEO of Sunshine Capital, Inc. "I accepted DIBCOIN as payment for my salary because I believe that DIBCOIN will become a leading crypto-currency coin and its value will surpass $1 once we start executing our business plan."
Sunshine Capital, Inc. would also like to inform all DIBC holders that the company has no plans of releasing or selling any of the approximately 4 billion DIBCOIN it holds in its portfolio for at least the first year. The company will only release DIBCOINS to acquire assets for Sunshine Capital, Inc., or until DIBCOIN becomes accepted worldwide as a form of payment just like the U.S. dollar.
"On Monday I believe history will be made," stated Honson Luma, Vice President of Sunshine Capital, Inc. "Now that we have accomplished our first goal of getting DIBCOIN trading on a National Modern Stock Exchange; the next step in the evolution of DIBCOIN, is its acceptance worldwide just like Visa, MasterCard, American Express and Discover."
The Company expects that the launch of DIBCOIN on the Livecoin.net modern stock exchange platform, building out the DIB NATION business model and creating additional crypto-currency coins will lead to record sales, earnings and asset levels during the second quarter 2017. The Company's assets will increase by approximately $40,000,000 or $2.35 per share for every penny (.01) that DIBCOIN trades at.
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.
Sunshine Capital, Inc.
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SOURCE Sunshine Capital, Inc.