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AlumiFuel Power Corp. Annnounces Formation of Subsidiary to Pursue Early Stage Bus. Opportunities in Bitcoin & Other Digital ...
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Alumifuel Power Corp. (QB) (USOTC:AFPW)
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Today : Thursday 13 February 2014
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AlumiFuel Power Corporation Annnounces Formation of Subsidiary to Pursue Early Stage Business Opportunities in Bitcoin and Other Digital Cryptocurrencies
CENTENNIAL, CO--(Marketwired - Feb 13, 2014) - Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCQB: AFPW) (AlumiFuel or the "Company") announced today that it has formed a new wholly-owned subsidiary, Bitcoin Capital Corporation, to pursue early stage business opportunities in Bitcoin and other cryptocurrency focused companies and projects. It intends to provide angel funding and assistance in business development and consulting services related to these activities. Management believes this approach will offer a simplified entry for the investor to gain exposure to Bitcoin and other cryptocurrencies by eventually providing a diversified portfolio of early stage companies and projects in this up and coming realm.
In a press release dated February 6, 2014, the Company announced a change in its strategic direction to which this newly formed subsidiary marks the next step following NovoFuel.
Henry Fong, Chief Executive Officer, said, "Bitcoin is a cryptocurrency that is not issued by any government, bank or central financial organization. We believe that its increased acceptance and popularity over time will make this an alternative to traditional currencies and forms of payment. We also believe that Bitcoin may eventually become a revolutionary payment medium and feel that early adopters and investors may well reap the benefits of dramatic returns should that prove true."
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