LOS ANGELES, CA -- May 10, 2016 -- InvestorsHub NewsWire -- Coin Citadel (OTC:CCTL) a Holdings Company is very proud to announce the appointment of a New Chief Executive Officer (CEO) and Bill Schaefer has agreed to step down.
My first responsibility as Newly Appointed CEO is to add value to the company and its shareholders, and at this time I would like to announce Acquisitions of two assets in a Non-Dilutive Preferred share transaction. These Asset purchases are right in line with Coin Citadels current business model, and Ownership of 576 Bitcoins which are valued at $265,818,24based off the closing price of ($461.49) on May 9, 2016 www.coindesk.com
We will be working hard to continue to add value to the company through strategic Mergers and Acquisitions in the Bitcoin Industry, as well as other opportunities as they arise, that’s why we have changed our Business Description on OTCmarkets.com to Coin Citadel is a Holdings Company currently focusing in the Bitcoin industry through Mergers and Acquisitions."
As a Holdings Company, we won’t limit ourselves to one industry, or business, but want to be open to an array of opportunities as they present themselves.
We are committed to working on the company filings to bring Coin Citadel to a current status with OTCmarketes.com, and set the tone for company transparency for its current and potential shareholders, we believe the more the company is an open book to its shareholders, the more confidence investors have.
This is just the start there are exciting times ahead, We plan on keeping shareholders regularly informed with business updates, please look forward For further updates, news, and filings that will be coming soon