LAS VEGAS, Jan. 25, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE-- Clifford Redekop, CEO of Costas, Inc. (“CSSI”) announced today Costas has finalized plans to commence cryptocurrency mining. Costas has agreed to terms on a lease for 10,000 square feet of office space in Pikeville, Kentucky, that will be re-purposed, and custom built to better suit the complex mining equipment. Such a facility is needed to power the latest high end graphical processing units and other equipment needed to run a large, state of the art mining operation.
Mining is scheduled to commence in late February.
Heading the mining operation for Costas will be Tyler Jurecki. Tyler has an undergraduate degree in economics from Central Michigan University, has management experience in the automotive aftermarket industry, and is working on his master’s degree in computer science. Tyler has been mining for several years.
Costas’s mining operation will deal in all major cryptocurrencies as will its exchange, Authentatrade, (Authenta.trade) and its cryptocurrency ATM subsidiary, Authentacash, (Authentacash.com).
Mr. Redekop further commented that, “This is another step in our strategic plan to become a significant player in distributed asset technologies. Costas intends to have a vertically integrated platform from the creation of cybercurrencies through trade and finally to consumer use in a retail environment. We are excited to have Mr. Jurecki on our team. I am confident that his computer skills will complement our investments in both crypto kiosks and Authentatrade”.
About Costas, Inc. (CSSI): http://www.otcmarkets.com/stock/CSSI/profile
Costas, Inc. is a publicly traded company on the OTC Markets under the symbol ‘CSSI’. Costas, Inc. invests in early stage Digital Currency projects. We believe strongly in the growth of Distributed Asset Technology and its integration into Financial Technologies (FINTech. Distributed Networks are the next massive internet investment market, as social media was 10 years ago. Costas, Inc. strongly believes that a Distributed Asset Technology product will be the next Facebook or Twitter. The current U.S. market of FINTech is approximately $1.24 Trillion.
FORWARD LOOKING STATEMENTS:
This press release and the statements of representatives of Costas, Inc. (the "Company") related thereto contain, or may contain, among other things, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as "guidance," "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "ultimately" or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results (including, without limitation, Costas’ ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with OTC Markets (Pink Sheets). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.
For further information contact:
ir@costasinc.com
Costas Corporate Phone Number
702-448-2911