DALLAS, June 16, 2014 /PRNewswire/ -- Bayside Corp.
(BYSD.PK) today announced the initial gross sales of Vault 51
(beta), operated by Bitcoinz USA a
subsidiary corporation of Bayside Corp.
Bayside Corp., reported that the initial soft launch of Vault 51
resulted in just over $80,000 in
gross sales revenue last week despite a myriad of technical issues
and downtime that the Vault 51 website experienced.
Furthermore, the company also announced that due to demand, new
sales would be limited to two Bitcoins and two Vault 51 storage
chips a day per customer. The sales restrictions and limitations
will also allow the company to closely monitor and track consumer
spending habits, and trends to create a better customer experience
and to properly respond to market demand.
To continue, Vault 51 is an offline storage system for Bitcoin
users, which is represented by a Physical Bitcoin. The electronic
Bitcoin is then stored off-line in a secured computer chip known as
Vault 51 and embedded in a Physical Bitcoin, which is not connected
to the internet. This process is also known as cold storage and is
done to avoid hacking, loss, or theft.
http://vault51.bitcoinzusa.com
About Bayside
Bayside Corp. is an American multinational corporation that
manages multiple subsidiary companies engaged in a variety of
business industries and sectors. At Bayside Corp. we believe that
the future is now and that our efforts today will have a long
lasting impact for generations to come.
Additionally, Bayside Corp. trades publicly under the
symbol "BYSD". In 2014, Bayside Corp. celebrates over
30 years of business success, innovation and vision. For additional
information on the Company visit our website at:
http://www.baysidecorp.com
Certain statements in this news release constitute
"forward-looking statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and
"forward-looking information" All forward-looking statements are
based on Bayside's current
expectations, estimates, projections, beliefs and assumptions based
on information available at the time the statement was made and in
light of Bayside's experience and
its perception of historical trends.
The forward-looking statement in this news release includes
reference to: Bayside's ability to
execute on its strategy and deliver strong results on behalf of its
shareholders. Forward-looking statements are not guarantees of
future performance and involve a number of risks and uncertainties;
some that are similar to other related companies and some that are
unique to our company. Bayside's
actual results may differ materially from those expressed or
implied by our forward-looking statements and you are cautioned not
to place undue reliance on them.
SOURCE Bayside Corp.