ALAMO, CA, April 03, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Social Detention Inc. SODE, is pleased to announce it has executed a Memorandum of Understanding to acquire Bit Plaza Inc.
Bitplaza is the world’s first Bitcoin dedicated shopping app on the Apple App Store and Google Play. Developed by Bitplaza Inc, the shopping app uses cutting edge technology which allows anyone around the world to buy physical goods with bitcoin, from the latest electronics to even groceries. The Bitplaza app demonstrates Bitcoin as a global and spendable currency. Due to the recent adoption of new users in the Bitcoin network, there have been strong demands for using Bitcoin for shopping purposes. Bitplaza is actively growing the global shopping platform and building new partnerships with brands that are looking to accept Bitcoin payments on the App store.
About Bitplaza Inc
Bitplaza Inc is a USA based retail/technology company primarily focused in the Blockchain and Bitcoin industry. Bitplaza gives you the freedom to spend Bitcoin on the things you need and love. Bitplaza offers global shipping, serving customers all around the world. Try the Bitplaza app and buy anything with bitcoin. Explore the latest tech & gadgets and pay with bitcoin instead of cash. Anything from electronics, toys, groceries, gaming, sports equipment and more. Bitplaza lets you shop for your favorite brands using Bitcoin payments on the Blockchain network.
Bitplaza operated websites: www.bitplazashopping.com & www.bitcoinpike.com
(Bitplaza Inc does not operate, or own any other websites)
Operating mobile applications: Bitplaza (Apple App Store & Google Play Store)
Apple App Store: https://itunes.apple.com/us/app/bitplaza-spend-bitcoin/id1438228771
President and CEO of Social Detention Inc. (SODE) was quoted as saying, “When we first saw what Bitplaza was doing with Blockchain we had to be a part of it. It is literally the first Dedicated Marketplace that accepts Bitcoin. We see Blockchain as a catalyst and space that will provide Social Detention Inc. significant shareholder value as we now have another path to profits in a growing sector. This acquisition allows us to benefit immediately as the technology is launched and generating revenue.”
Final terms of the acquisition will be released upon closing.
FORWARD LOOKING STATEMENTS
Except for historical information, this news release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve unknown risks, and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Important factors that might cause such differences are discussed in the Company's filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results could differ materially from those anticipated in these forward-looking statements, if new information becomes available in the future.
ROBERT P. LEGG II