BitcoinzUSA.com a Wholly owned subsidiary of Bayside Corp.
BAYSIDE CORP - http://www.BaysideCorp.com
BITCOINZUSA.COM, Inc. - http://www.bitcoinzusa.com
Most current Share Structure:
AS = 2,000,000,000 Billion a/o 3/31/ 2014
OS = 1,903,142,631 Billion a/o 2/19/ 2015
Debt - $ 539,514
Pinksheets Company Info: http://www.otcmarkets.com/stock/BYSD/company-info
BitcoinzUSA.com appoints new President and CEO - Ian JW Walker
Additionally,Mr Walker was instrumental in the strategic planning and development of the company's business model,automated Bitcoin machines,overseer of the company's mining team and visionary behind the company's secure offline Bitcoin storage " Vault 51 ". "Our immediate focus as a company is the upcoming product launch of "Vault 51",-the company's new offline secure Bitcoin cold storage.We believe that being able to provide consumers with a secure cold storage option has potential to revitalize the Bitcoin market segment." - Ian JW Walker,CEO of BitcoinzUSA.com,Inc
New security Bitcoin offline cold storage software
which will be avalaible for commercial and
- still in development mode (As of update on Facebook on May 27,2014 "Vault 51" - new security Bitcoin offline cold storage software expected to launch in the next couple of weeks.)
NEWS UPDATE 6/16/2014
REVENUE FIRST WEEK
NEW PROJECTED ANNUAL EARNINGS
BitcoinzUSA appoints new President
Bitcoin,Security& Vault 51
BitcoinzUSA general follow-up update
Bayside Corp. provides developmental update for BitcoinzUSA.com
January 16,2014 (updated on Feb.23,2014)
Bayside Corp. embarks into the Bitcoin revolution
Bitcoinz USA.com, Inc. is a wholly owned subsidiary of Bayside Corp. The newly formed company is the vehicle that Bayside will use to enter into the Bitcoin and other cryptocurrency exchange sector. More information can be found about Bitcoinz USA.com directly at: www.bitcoinzusa.com
When did Bayside get involved with Bitcoins?
The principals of Bayside’s new subsidary company, Bitcoinz USA.com have been mining Bitcoins for over one year. During the summer of 2013, the Bayside management team formulated an entry plan into the the Bitcoin market.
To continue, the Bayside management team observed that there were three key markets within the Bitcoin revolution with the potential to churn in billions of dollars in profit.
- Wallet. Holding your Bitcoins for you, serving some of the checking account functions of a bank.
Exchange. Converting from fiat currency to Bitcoins and back
Payments. Helping merchants accept Bitcoins for their transactions
Quickly thereafter, the management team made a decision to focus on the exchange sector through the use of a physical automated machine also known as a Bitcoin ATM machine that can buy and sell Bitcoins and/or any other cryptocurrency with any global fiat currency.
Bayside plans to deploy its own network of physical Bitcoin ATM machines made by the company throughout North America starting in the early part of 2014.
Bayside has not made any formal announcements as of yet, however the company will be make several public announcements very soon.
February 17,2014: Resignation of President http://www.otcmarkets.com/stock/BYSD/news/Resignation-of-President?id=75810&b=y February 10,2014
Bitcoinz USA Proprietary Location
We would like to take some time to provide you with some more information in regards to the business and planned operations of Bitcoinz USA.
The company plans to operate its bitcoin machines at its own proprietary locations. At present we have three types of proprietary locations that are being designed and planned out. While each design is somewhat similar, the variances in each revolve around the different demographics in the locations that the company proposes to establish bitcoin machines in. However, for today we will explore our plans and ideas behind our first business model.
To continue, each proprietary location revolves around a business model. These concepts came about because the company’s management team projects that its bitcoin machines will attract anywhere from 75-200 people a day depending upon its location and demographics. This creates a windfall of new opportunities.
As a result, this is where the concept behind our first model was derived from. Our first model revolves around the “Caffe” concept. All of these Caffe locations will carry the same name and logo of the company “Bitcoinz USA” but they will have the word “Caffe” in lower italicized letters added to the name. The spelling of the “Caffe” is done to symbolize the Caffe concept, which serves traditional Italian coffee and expresso. Also, its important to note that on average we expect the wait time for each customer that is waiting to to use the bitcoin machine to be around 5-7 minutes long because of the demand for the machines.
While the focus of our operation remains on the bitcoin machines, the concept is quite logical considering that each customer on average will be waiting 5-7 minutes to use the bitcoin machine resulting in a small window of opportunity to offer these customers a superior product/service that we believe based on our initial stand alone pro-formas, would be a viable business model that could rival existing brands in this sector, if the company utilizes the “5-7″ minute window properly.
Our Caffe design will stay consistent with the theme and design that is seen currently on our website (www.bitcoinzusa.com). The average size of each location will be roughly 1,000 sq ft. and would contain 1-2 bitcoin machines. While offering the highest quality Italian coffee and espresso that is available on that market today. The picture above is our preliminary design of Bitcoinz USACaffe.
07/18/13 - Bayside Corp Reduces Authorized Capital Down to 2 Billion Common Shares, LINK: http://finance.yahoo.com/news/bayside-corp-reduces-authorized-capital-120500342.html
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