NEW YORK, NY / ACCESSWIRE / March 13, 2015 / Costas Inc. (OTC Pink: CSSI) (CSSI): Under the approval of the Board of Directors of Costas Inc. (CSSI), an agreement with was consummated yesterday with issuance of shares to AuthentaTrade Inc. AuthentaTrade Inc. is a Canadian company based in Calgary, Canada and offices in Singapore and Cyprus, which in the business of developing a high security digital currency exchange. For some time now, the Costas management team has been diligently working to find a suitable candidate for investment in the digital currency arena. So many companies have proven to be either poorly managed or simply lacked the sophistication to be considered until now. AuthentaTrade Inc., developed specifically to address security concerns in the market place, is developing software that will tighten security to new levels and will also bring technology to the marketplace that will make transacting in digital currencies such as Bitcoin, much simpler.
The Company has entered into an agreement that will see the Company owning 48% of AuthentaTrade Inc. in exchange for 250,000 shares of Costas Inc. "Costas will continue to work with AuthentaTrade to secure its next round of financing and also to assist it in expanding its management team," said Kenny Kan, President of AuthentaTrade Inc.
Ashley Sansalone, President of Costas said, "We have learned a tremendous amount over the past year about the digital currency market. We have seen both cyber attacks and mismanagement in the space, but we are still firm believers in the technology and the future of Bitcoin. We are confident we have made the right decision in choosing AuthentaTrade. We feel they are well suited to properly steward this new asset class."
Safe Harbor Act Notice:
Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current Pinksheets.com filings and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
On behalf of the Board of Costas Inc.
SOURCE: Costas, Inc.