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Wednesday, January 15, 2014 10:08:56 AM
In preparation for moving into this new field of endeavor to consolidate these industries, the company changed its symbol to BITC. Company began trading under new symbol on December 27, 2013.
"We decided to make this change to better reflect the activities of our company. Also, we believe the Company is now positioned to aggressively pursue crypto-currencies and Bitcoin opportunities, and think it is appropriate that the Company do so under this new name. We expect to have confirmation today of the reserved name change to First BITCoin Capital Corp. Between this new name and symbol we expect to be the first public company to enter this space exclusively," said Chairman S. Rubin. The prior name change to Embassy Oil was first reversed as a past acquisition was not consummated.
Rubin continued, "We have acquired intellectual properties including a number of URLs that we intend to capitalize on, such as: www.coinqx.com to serve as a unique, universal exchange, www.otccoin.com to serve as a new dual crypto currency for which we are filing a provisional patent, www.icin.cc which will serve as the international coin identifier numbering system for all crypto and e-currencies."
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