Rostock Continues Investigating Opportunities Within the Bitcoin Industry
January 14 2014 - 4:00AM
Marketwired
Rostock Continues Investigating Opportunities Within the Bitcoin
Industry
SAN DIEGO, CALIFORNIA--(Marketwired - Jan 14, 2014) - Rostock
Ventures Corp. (OTCBB:ROSV) wishes to report that the company has
continued to engaged in discussions to look into the opportunities
within the Bitcoin Industry from different aspects within this
exciting area ranging from the possibilities of creating or
participating in an exchange to trade Bitcoins to various Bitcoin
mining opportunities. The company's board at this time has not
secured a deal and may not find a viable opportunity going forward.
Management will update shareholders as any progress is made on this
front.
President and CEO, Greg Rotelli, stated, "We continue to look for
opportunities that will add value for our shareholders. Therefore
we will investigate any and all opportunities that we feel could
add value including the Bitcoin industry."
Recently the company's Board of Directors has voted to initiate a
5-for-1 forward split of the Company's common shares payable to our
shareholders of record. At this time the Board has not selected the
record a firm date to implement the forward stock split, but once a
final record date is established, it will be announced. The Company
anticipates that the forward stock split will occur early in 2014.
Once we have implemented the 5-for-1 forward stock split, the
Company's common stock will begin trading on a split-adjusted basis
and the shareholders of record as of the selected record date will
then own five shares for every one share previously owned. For
example, if you owned 50,000 shares at the close of the record date
you will be entitled to 250,000 shares after the split occurs.
Presently the Company has approximately 41,000,000 shares of its
common stock issued and outstanding giving the company a market cap
of just over $1 million currently. The Board and management feel
that forward splitting the shares will increase liquidity in the
Company which will give our shareholders added value and thus
enable the Company to seek potential new projects.
Forward-looking Statements:
Some of the statements contained in this press release are
forward-looking statements which involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the company, or industry results, to
be materially different from any future results, performance or
achievements expressed or implied by such forward looking
statements, including the risks and uncertainties related to the
progress, timing, cost, and results of exploration programs;
competition from other exploration or mining companies; and the
company's ability to obtain additional funding required to conduct
its exploration activities. Please refer to the company's filings
with the Securities and Exchange Commission for a comprehensive
list of risk factors that could cause actual results, performance
or achievements of the company to differ materially from those
expressed or implied in such forward looking statements. The
company undertakes no obligation to update or revise any
forward-looking statements.
Rostock Ventures Corp.rostockventures@gmail.com
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