My Big Coin Pay, Inc. Closes Acquisition of Shot Spirits Corporation
June 11, 2015 Business News(PRLEAP.COM) LAS VEGAS, Nev. – June 11, 2015 – My Big Coin Pay, Inc., an emerging cryptocurrency-based payment platform announced today that it had closed on an agreement to acquire the majority interest of Shot Spirits Corporation (OTC Pink: SSPT) on June 8, 2015. Under the terms of the agreement, the shareholders of My Big Coin Pay acquired a controlling interest in Shot Spirits Corporation from the public issuer's majority shareholders. My Big Coin Pay subsequently became a wholly-owned subsidiary of Shot Spirits Corporation.
As previously disclosed, My Big Coin Pay had entered into a binding letter of intent to acquire a controlling interest in Shorts Spirits Corporation. At the time of the acquisition, John Roche was named the Chief Executive Officer, President and Chairman of the Board of Directors of Shot Spirits Corporation. Under the new management of Mr. Roche, the company will seek to file the necessary quarterly and annual reports with OTC Markets in order to bring the company current with is reporting obligations. Mr. Roche will likewise seek to change the name of the corporation from Shot Spirits Corporation to My Big Coin Pay, Inc. to better reflect the current business operations of the company.
"The successful completion of this transaction represents a major milestone for us," noted John Roche. "I am hopeful that our listing on the OTC Pink Sheets will provide us with access to new investors, new sources of capital with which to grow our company, and greatly enhance our visibility and market awareness of our developing cryptocurrency payments platform," he continued. "We operate in a hyper-competitive industry; we see a public listing as a competitive advantage for the company."
My Big Coin Pay will continue to have its headquarters in Las Vegas, Nevada. The company will be seeking to update its corporate website in the near future.
About My Big Coin Pay, Inc.
My Big Coin Pay, Inc. is a developmental stage company focused on the enhancement of a cryptocurrency-based payment platform and virtual wallet website. MyBigCoin™ is a privacy-centered digital currency developed for use with My Big Coin Pay's emerging peer-to-peer and commercial digital currency exchange platforms. My Big Coin Pay seeks to collaborate with payments industry leaders to develop unique, high-value, cryptocurrency-based payment solutions. At present, the company is traded on the OTC Pink Marketplace under the ticker symbol "SSPT".
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as, My Big Coin Pay, Inc. (the "Company"), by and through its management, "anticipates," "believes," "estimates," "expects," "forecasts," "foresees," "intends," "plans" or other words of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include but are not limited to: My Big Coin's ability to develop, manufacture and market innovative products in a rapidly changing technological environment; the Company's ability to compete in products and prices in an intensely competitive industry; the Company's ability to maintain and enforce a strong intellectual property portfolio; the Company's ability to attract sufficient capital; the Company's ability to attract and retain talented individuals; adverse changes in general economic or market conditions.
My Big Coin Pay, Inc.