POMPANO BEACH, Fla.,
March 3, 2014 /PRNewswire/
-- Solpower Corporation (OTCPink:SOCR) today announced that it
has filed the appropriate documents with the state of Nevada to change the company name to Bitcoin
Collect, Inc. The change is set to become effective on March 27th, 2014, giving time for the
proper FINRA, and Transfer Agent notifications to be made. This
announcement comes just weeks after the company announced its
entrance into the virtual currency industry, setting it up to
become the premier billing platform for the Medical Marijuana
industry, as well as many others.
Because of the uniqueness of the company's main billing platform
called Medcare Collect, adding Bitcoin, was a natural fit. Medcare
Collect quickly developed into a full-scale Bitcoin transaction
platform, allowing Solpower to become a Bitcoin merchant processor,
a role similar to the one a bank takes in traditional payment
processing. Bitcoin is a virtual currency that is not restricted by
any government, and operates outside the traditional banking
system. The new system called Bitcoin Collect is designed with
medical marijuana dispensaries in mind, and has been tested with
very positive results. The system allows individuals to pay for
products and services securely and anonymously, which is a major
problem with the current platforms being used in the Medical
Marijuana industry.
Solpower CEO, Charles Neinstedt
explained, " It was the overwhelmingly positive feedback and flood
of interest from the industry that has prompted us to change our
name. There's no doubt that Medical Marijuana use is spreading
across the nation, but a stigma will be associated with it for
decades to come. At the same time, Bitcoin has started to dominate
the news and according to many experts, it is the perfect way to
avoid that stigma completely. We believe that Bitcoin will be as
popular a global currency as the US Dollar some day, and we aim to
become the biggest virtual currency payment processor in the
world." The company also wishes to make it clear that the system
does not in any way aim to circumvent laws or regulations. The
system simply allows a level of privacy, security, and portability
never before available in any industry.
On a broader note, the company wants to relay to shareholders
that Solpower's strategy is to build a profitable and successful
company, and so far the company has needed little outside capital.
For that reason Solpower assures shareholders that there is no need
for expensive financing or damaging dilution. The company aims to
keep the current share structure in tact, and could possibly never
need additional funding. Future plans also include audited
financials, and becoming an SEC reporting company as soon as it is
practical.
About Solpower
Solpower Corporation owns and operates a software company that
designs innovative solutions to problems that plague industries
globally. Its products include Medcare Collect™, a healthcare
billing system that allows patients to pay off medical bills over
time with no credit check, and Bitcoin Collect™, a similar system
using virtual currency to protect the privacy of both merchants and
patients.
DISCLAIMER
This Press Release may contain certain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The Company has tried,
whenever possible, to identify these forward-looking statements
using words such as "anticipates," "believes," "estimates,"
"expects," "plans," "intends," "potential" and similar expressions.
These statements reflect the Company's current beliefs and are
based upon information currently available to it. Accordingly, such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which could cause the Company's
actual results, performance or achievements to differ materially
from those expressed in or implied by such statements. The Company
undertakes no obligation to update or advise in the event of any
change, addition or alteration to the information catered in this
Press Release including such forward-looking statements.
SOURCE Solpower Corporation