LOS ANGELES, CA / ACCESSWIRE / May 16, 2016 / Coin Citadel (OTC:CCTL), a holding company, is closing in on acquiring over $750,000 in Bitcoins. We are diligently working on finalizing a transaction for 1,675 Bitcoins which will bring our Bitcoin assets up to 2,251 Bitcoins and closer to a value of one million dollars USD. This will be a Non-dilutive preferred stock transaction. We are extremely excited to be in the Bitcoin Industry. We feel we are in the right place at the right time. We plan to announce more details of this transaction, as well as two additional asset acquisitions, later this week.
New CEO James Pulver stated, "As I said in our last press release, my job is to add value to the company, and to take advantage of opportunities like this. The more prudent acquisitions we make, and assets we have, the more valuable our company will be. With this Bitcoin asset, we will have over $1 million dollars in Bitcoins to complement our new upcoming acquisitions. With everything falling into place we feel we are moving forward in the right direction."
We would also like to update shareholders, as well as working on getting the company back to a current status on OTCmarkets.com. We want to open other lines of communication with shareholders, through social media such as Twitter, and Facebook.
Please be on the lookout for news, filings, and other updates coming shortly.
Forward-Looking Statement: Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
James Pulver, CEO
SOURCE: Coin Citadel