BTCS Strengthens Board with New Appointment
July 19 2017 - 9:20AM
Marketwired
BTCS Strengthens Board with New Appointment
SILVER SPRING, MD--(Marketwired - Jul 19, 2017) - BTCS Inc.
(OTC: BTCS) ("BTCS" or the "Company"), a blockchain technology
focused company, announced today the appointment of Jonathon R.
Read to the Company's Board of Directors.
"Jonathon brings a wealth of public company expertise to our
board," commented Charles Allen, CEO of BTCS. "As we move forward
on our plans to build a vertically-integrated operation in the
burgeoning blockchain space, Jonathon's experience should add
tremendous value."
Mr. Read has held numerous executive positions with domestic and
international companies over a career that spans in excess of 35
years. Most recently, from 2013 to present, he has served as
Managing Partner of Quadratam1 LLC, a Scottsdale, Arizona based
firm specializing in providing financial and organizational
consulting services for growth-stage companies in the US and China.
Prior to that, he served as Chief Executive Officer or President of
Timefire VR, Inc., formerly known as EnergyTek Corp., and during
the course of his tenure repositioned, re-financed, and merged the
company into an entity focused on the virtual reality sector.
Beginning in 2005 and continuing through 2012, he founded and
served as Chief Executive Officer and a director of ECOtality,
Inc., a San Francisco-based entity in the field of electric vehicle
charging and battery technology.
About BTCS:BTCS is an early entrant in the Digital Asset market
and one of the first U.S. publicly traded companies to be involved
with Digital Assets and blockchain technologies. Subject to
additional financing, BTCS plans to create a portfolio of digital
assets including bitcoin and other "protocol tokens" to provide
investors a diversified pure-play exposure to the bitcoin and
blockchain industries. BTCS intends to acquire digital assets
through: open market purchases, participating in initial digital
asset offerings (often referred to as initial coin offerings).
Additionally, BTCS may acquire digital assets by resuming our
transaction verification services business (often referred to as
mining) through outsourced data centers and earning rewards in
digital assets by securing their respective blockchains. BTCS is
also keenly focused on growth through acquisition. The blockchain
is a decentralized public ledger and has the ability to
fundamentally impact all industries on a global basis that rely on
or utilize record keeping and require trust. For more information
visit: www.btcs.com
Forward-Looking Statements:Certain statements in this press
release, including those related to an anticipated merger,
constitute "forward-looking statements" within the meaning of the
federal securities laws. Words such as "may," "might," "will,"
"should," "believe," "expect," "anticipate," "estimate,"
"continue," "predict," "forecast," "project," "plan," "intend" or
similar expressions, or statements regarding intent, belief, or
current expectations, are forward-looking statements. While the
Company believes these forward-looking statements are reasonable,
undue reliance should not be placed on any such forward-looking
statements, which are based on information available to us on the
date of this release. These forward-looking statements are based
upon current estimates and assumptions and are subject to various
risks and uncertainties, including without limitation those set
forth in the Company's filings with the Securities and Exchange
Commission, not limited to Risk Factors relating to its digital
currency business contained therein. Thus, actual results could be
materially different. The Company expressly disclaims any
obligation to update or alter statements whether as a result of new
information, future events or otherwise, except as required by
law.
BTCS Investor Relations:Michal HanderhanBTCS Inc.(202)
430-6576IR@btcs.com