Wednesday, January 10, 2018 9:18:37 PM
I am part of the team which acquired Costas, Inc. November 1, 2016. Our team acquired all shares and replaced all officers and board members upon acquisition. It took us a few months to review closing documents and financial reporting and to position our team. Our original intention upon acquisition was to launch an online full-casino website into Asia with one of the most recognized and respected online gaming management teams in the world. Peter Karroll managed Bodog and its entertainment affiliates including the Bodog MMA Fight League, a reality television series, and band competitions. However, the Costas acquisition also included 48 per cent of Authentatrade, a cryptocurrency trading platform. We have had a third party verify the software and data base and view a demo, and it is legimate With the cryptocurrency rage, we decided to acquire the balance of the Authentrade interest, engage its managers and launch this month. Concurrent with that decision, we were presented with an opportunity to enter the cryptocurrency ATM market as a preferred distributor for an ATM manufacturer. New cryptocurrency customers are having a difficult time registering on any exchange and there is a huge backlog for crypto ATM's, especially in underbanked markets. We believe we are entering two fast growing, underserved markets. It is our full intention to fund the online gaming opportunity once the exchange and ATM affiliates are operating and stable.
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