Bitcoin Brands Issues Business Update

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Ann Arbor, MI / ACCESSWIRE / November 13, 2014 / Bitcoin Brands Inc. CEHC issued an update regarding recent business activities.

BitMD The company has placed the payment application at two marijuana clinics and a dispensary in Michigan. The businesses are using a tablet loaded with bitcoin processing sourced and installed by the company. Customers are now able to pay for the marijuana related products and services using bitcoin. One location also has a company ATMs to sell bitcoin. Additional ATMs are expected at the other two locations shortly.

ATM Through its Bitcoin Vending Network, the company intends to become a leading operator of automated bitcoin machines in North America. The company presently operates ATMs in the United States and Canada. The company is negotiating the purchase of a quantity of ATMs based on its experience to date with different manufacturers, the evolving regulatory landscape, and consumer preferences.

Bitcoin Brands is in discussions with several local operators of individual ATMs to provide hardware or financing for additional units in their markets. This strategy is anticipated to create opportunities for faster growth through joint venture or acquisition.

Payment Integration Bitcoin Brands recently enabled the ecommerce site of a professional athlete to accept bitcoin along with credit cards and Paypal. The service was done as part of a national television sponsorship and to demonstrate the company's ability to provide this service for a wide range of businesses selling on the Internet or at retail.

Marketing The company continues to participate in, sponsor or attend bitcoin related events such as the recent Detroit Bitcoin Conference and the upcoming "Bitcoin: Beyond Currency" event in New York City. Bitcoin Brands logos have also been seen regularly on professional athletes on Fox, Fox Sports 1, SpikeTV, UFC.com and HDNET.

The company intends to issue a separate update regarding the status of its filings and name change at a later date.

This release includes forward-looking statements. While statements are made to convey progress, business opportunities and prospects, readers are cautioned that such statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available at this time, results may differ materially and are subject to risk and uncertainties. Factors that may cause actual results to differ include: the company's ability to finance its activities, consumer acceptance of bitcoin, network failure; changing regulations; Bitcoin prices, and general economic conditions;

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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Contact:

media@bitcoinbrandsinc.com
844-VEND-BTC (toll free)

 

SOURCE: Bitcoin Brands Inc.

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