First Bitcoin Capital Corp. Operates a Cryptocurrency Exchange
Bitcoin is worth more than gold!
TEL AVIV, ISRAEL / ACCESSWIRE / December 7, 2017 / First Bitcoin Capital Corp. (OTC PINK:BITCF), the world’s most prolific generator of cryptocurrencies, announced today that its Board of Directors unanimously ratified the appointment of Hay & Watson as the company’s independent registered public accounting firm for the fiscal years ending Dec. 31, 2016 and 2017. The action reflects the company’s and the Board of Directors’ commitment to strong corporate governance. The decision was made following an extensive and competitive review involving a number of accounting firms.
The Company plans to file its annual reports on Form 20F for the years ended 2016 and 2017 as soon as the audit is completed.
“With the selection of Hay & Watson, First Bitcoin Capital has engaged a top audit firm with significant experience in the industry,” added Greg Rubin, CEO. “This selection is another step forward in transforming the strategic direction of the Company, to up list and become a fully reporting publicly traded company.”
Hay & Watson is a well-established boutique firm of Chartered Professional Accountants. The firm’s team of 20 professionals and staff who provide a full range of financial and management consulting services to public companies.
Hay & Watson is registered with the Institute of Chartered Accountants of British Columbia, the Canadian Public Accountability Board, and the Public Company Accountability Oversight Board (PCAOB) in the United States.
The Company previously announced that it retained two top law firms, including a securities industry expert, to assist the Company in its efforts to up-list to the OTCQB market and to minimize the recurrence of any future regulatory concerns.
Being incorporated in British Columbia, Canada, the Company chose McMillan LLP based on their international expertise as a top Canadian firm specializing in areas most suitable in assisting the Company in its effort to move First Bitcoin Capital forward in the capital markets.
The Company chose Sylvia Scott of Holmes, Taylor, Scott & Jones LLP due to her extensive experience as former senior counsel with the Financial Industry Regulatory Authority (“FINRA,” then known as the National Association of Securities Dealers) and the U.S. Securities and Exchange Commission (“SEC”) in order to meet the regulatory challenges facing small-cap companies such as BITCF.
Quarterly Results (Unaudited)
For the nine months ending September 30, 2017. The Company’s gross revenues increased to $738,552 resulting in net profits of $681,105 while total assets increased to $ 1,049,344. The increase excludes the illiquid market values of majority interests in dozens of cryptocurrencies that the Company has either generated for its own account or for third parties. The report can be viewed here: http://bitcoincapitalcorp.com/investors/2017-q3/ 9-Months Ended: Net Income/(Loss) from Operations
Sep 30, 2017: $681,105.00 - Sep 30, 2016: ($6,297.00)
Change: +$687,402.00 SHARE STRUCTURE:
Authorized Shares: 500,000,000
Outstanding Shares: 304,998,228