Costas Inc. in Negotiations to Acquire a Massive Client Base
(firmenpresse) - DALLAS, TX -- (Marketwired) -- 03/01/16 -- Costas Inc. (OTC PINK: CSSI) Costas Inc., (CSSI) (the Company) is pleased to announce that it is in the final stages of negotiation with a firm to acquire their financial services clients. Costas would then strike a deal to provide them to AuthentaTrade Ltd., (AT) in which it owns 48%. The addition of these clients to AuthentaTrade's Bitcoin exchange will greatly enhance the performance of AT.
These clients are located all over the globe, with a very high concentration in Asia, which is home to the majority of Bitcoin volume. The clients have already been vetted through a KYC process, thus enabling AT to streamline the KYC (Know Your Client) and AML (Anti-Money Laundering) procedures.
For AT, this represents a potential windfall, as the company's technology and trading platform (Authenta.Trade) is expected to be utilized in large part by Asian traders. According to a recent report by Goldman Sachs, more than 80% of Bitcoin trades originated involved the Chinese Yuan.
"Many Chinese have flocked to Bitcoin as a platform for moving money safely and inexpensively anywhere in the world," said AuthentaTrade CEO Gwyn Jones. "While there has been some volatility in the value of the Bitcoin over the past 12 months, for many people this is offset by the ease with which Bitcoin transactions can be made, particularly in places where there is excessive government oversight, such as in China. What has been missing from the equation, however, is a reliable, platform that has both liquidity and security. That is what AuthentaTrade will provide with its proprietary Bitcoin Wallet Platform."
AT's largest shareholder, Costas Inc., has also reiterated its commitment to supporting AuthentaTrade as it moves toward becoming an integrated cryptocurrency exchange.
"We are very pleased with the progress Gwyn and the team are making both technically and also with respect to bringing new potential traders and volume to the AuthentaTrade platform," said Dennis Karenga, President of Costas Inc. "We continue to work closely with the team in Asia, the Middle East and in Europe to assist AT in meeting its growth targets. Also, we are pleased to be progressing in meeting our objectives to expanding in the Financial Technology (FinTech) space."
Costas Inc., is a publicly traded company focused on investing in and incubating promising digital currency-based businesses and entrepreneurs by providing access to a global infrastructure of financial and legal professionals and investment groups. Costas identifies "Fintech" emerging companies that, with some incubation and professional experience, will become the next standard in banking, commercial trading and lending.
AuthentaTrade Ltd., (?) is poised and committed to becoming the leader in the burgeoning digital currency financial landscape. Our revolutionary exchange products will provide the flexibility and efficiency this market desperately needs. AuthentaTrade's goal is to help stabilize the digital currency market by providing bank-level system architecture and security for depositors, and by introducing market liquidity where it has never previously existed.
Safe Harbor Act Notice:
Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current Pinksheets.com filings and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
Dennis Karenga
President
+1 469 249 1175
17330 Preston Rd. #200D
Dallas TX 75252
United States
Gwyn Jones
CEO
+357 24 030280
16 John Kennedy Avenue
Nicosia 1087
Cyprus
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Datum: 01.03.2016 - 17:34 Uhr
Sprache: Deutsch
News-ID 454432
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DALLAS, TX
Kategorie:
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