ANN ARBOR, Mich., Dec. 10, 2014 /PRNewswire/ -- Bitcoin Brands
Inc. (OTC: CEHC) today announced that it has signed an agreement
with Midwest Bitcoin, LLC to deploy additional bitcoin ATMs
at various locations around the country.
Midwest BTC currently operates five bitcoin kiosks in
Chicago, Columbus, and Kansas City and is one of
the pioneers in the bitcoin ATM industry.
"We are excited to be partnering with Midwest BTC on these new
ATMs. They are proven operators who are successfully bringing
automated bitcoin solutions to consumers every day," said
Peter Klamka, President of Bitcoin
Brands Inc.
"We couldn't have been more fortunate to find Bitcoin Brands. We
are looking forward to the future and what it holds," said
Micah Corning-Myers, CEO of Midwest
Bitcoin.
It is expected that at least ten new machines will be deployed
in the first quarter of 2015 under this new agreement. The
companies are planning to use bitcoin machines from
BitAccess.
Bitcoin Brands continues to seek out partnerships with operators
to build out a national network for bitcoin kiosks for
consumers.
Forward Looking Statements
This news release includes forward-looking statements made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. While these statements are made to convey
Company progress, business opportunities and growth prospects,
readers are cautioned that such forward-looking statements
represent management's opinion. Whereas management believes such
representations to be true and accurate based on information and
data available to the Company at this time, actual results may
differ materially and are subject to risk and uncertainties.
Factors that may cause actual results to differ include without
limitation: dependence on key personnel and suppliers; changing
regulations, ability to fund equipment; material and component
costs; Bitcoin prices, ability to find suitable locations for ATMs,
competition; economic conditions; and consumer demand.
Additional considerations and risk factors are set forth in
reports filed with the SEC and other filings. Readers are cautioned
not to place undue reliance upon these forward-looking statements;
historical information is not an indicator of future performance.
The Company undertakes no obligation to update publicly any
forward-looking statements
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SOURCE Bitcoin Brands Inc.