Bitcoin Shop Inc. (OTCQB: BTCS) saw its share volume soar on June 5th with 5,270,915 shares exchanging hands, nearly three times higher than its three month daily average volume of 1,791,468 shares.
Bitcoin Shop, Inc., the virtual currency ecommerce marketplace www.bitcoinshop.us, announced last week that Chief Executive Officer, Charles Allen, has been appointed to the Advisory Board of GoCoin LLC, a digital currency payment platform. In March 2014, Mr. Allen, along with Bitcoin Shop's Chief Operating Officer, Michal Handerhan, led a GoCoin $1.5 million Series A equity financing.
Steve Beauregard, Founder and CEO of GoCoin, commented, "Charles brings extensive business and financial leadership to the GoCoin Advisory Board. We welcome his guidance and look forward to a long, successful working relationship together."
Charles Allen, Chief Executive Officer, stated, "I am thrilled to be joining their Advisory Board. The appointment was a natural next step in the progression of our relationship as Steve and I, along with the rest of his team, share many of the same visions for the future of virtual currency. I strongly believe that there are synergies between Bitcoin Shop and GoCoin and collaborative opportunities we will take advantage of in the future."
BTCS closed the day at $.20 on June 5th.
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Sino Agro Food Sees Share Volume Continue To Rise
Sino Agro Food, Inc. (OTCQB: SIAF) saw its share volume continue to rise on June 5th with 1,767,167 shares exchanging hands, nearly three times higher than its three month daily average volume of 635,342 shares.
Sino Agro Food, Inc. is an agriculture technology and natural food holding company with principal operations in the People's Republic of China. The Company acquires and maintains equity stakes in a cohesive portfolio of companies that SIAF forms according to its core mission to produce, distribute, market and sell natural, sustainable protein food and produce, primarily seafood and cattle, to the rapidly growing middle class in China.
SIAF provides financial oversight and strategic direction for each company, and for the interoperation between companies. The Company owns or licenses patents, proprietary methods, and other intellectual properties in its areas of expertise. SIAF provides consulting and services to joint venture partners to construct and operate food businesses, primarily producing wholesale fish and cattle. Further joint ventures market and distribute the wholesale products as part of an overall "farm to table" concept and business strategy.
The company also recently appointed Ms. Olivia Lai to the position of Chief Financial Officer. CEO Solomon Lee commented, "I am very confident that Ms. Lai is the right person to serve the Company at the right time. I look forward to the shareholders getting to know Ms. Lai as I have. Further, I look forward to her help in accomplishing our ongoing and future corporate initiatives, guided by the same perseverance leading to her hire."
"Beyond Corporate level execution, operationally Ms. Lai's expertise in supply chain management is a perfect fit for our subsidiary structure and vertically integrated business models."
SIAF closed the day at $.415 on June 5th.
New Media Insight Group Adds Twenty New Merchants To CloudPay Network
New Media Insight Group, Inc. (OTCQB: NMED) saw its share volume jump on June 5th with 326,972 shares exchanging hands, four times higher than its three month daily average volume of 79,942 shares.
New Media Insight Group, Inc., a leader in mobile payments, recently announced that it has recently added over twenty new merchants to its CloudPay network in the greater Phoenix area.
New Media's CloudPay mobile payment technology allows merchants to accept payments from a consumer's mobile, mCard wallet on any wireless or Internet connected device. CloudPay also allows individuals who own a smart phone or tablet to accept mobile payments in which transaction fees are only 0.5%.
"The versatility and accessibility of our mobile-to-mobile CloudPay solution allowed for us to execute our grassroots strategy by bringing these twenty-plus merchants into our network and expanding our active user base," stated Michael Palethorpe, CEO of New Media. "We are seeing great reception from these new members, especially from the merchants, who are already experiencing savings of up to 80% on their transaction fees. Looking ahead, we anticipate major credit card and payment providers to penetrate the mobile payment industry. As we continue to roll out our mobile-payment solutions to other sections of the United States and globally, it is vital for us to leverage against a vast, existing network of users."
NMED closed the day at $1.73 on June 5th.
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