Thursday, June 18, 2015 4:25:54 PM
NEW YORK, NY , United States, via ETELIGIS INC., 03/13/2015 - - Costas Inc. (OTC Pink: CSSI) (PINKSHEETS: CSSI): Under the approval of the Board of Directors of Costas Inc. (CSSI), an agreement with was consummated yesterday with issuance of shares to AuthentaTrade Inc. AuthentaTrade Inc. is a Canadian company based in Calgary, Canada and offices in Singapore and Cyprus, which in the business of developing a high security digital currency exchange. For some time now, the Costas management team has been diligently working to find a suitable candidate for investment in the digital currency arena. So many companies have proven to be either poorly managed or simply lacked the sophistication to be considered until now. AuthentaTrade Inc., developed specifically to address security concerns in the market place, is developing software that will tighten security to new levels and will also bring technology to the marketplace that will make transacting in digital currencies such as Bitcoin, much simpler.
The Company has entered into an agreement that will see the Company owning 48% of AuthentaTrade Inc. in exchange for 250,000 shares of Costas Inc. "Costas will continue to work with AuthentaTrade to secure its next round of financing and also to assist it in expanding its management team," said Kenny Kan, President of AuthentaTrade Inc.
Ashley Sansalone, President of Costas said, "We have learned a tremendous amount over the past year about the digital currency market. We have seen both cyber attacks and mismanagement in the space, but we are still firm believers in the technology and the future of Bitcoin. We are confident we have made the right decision in choosing AuthentaTrade. We feel they are well suited to properly steward this new asset class."
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