Bitcoin Shop Appoints Marcum LLP as Its New Independent Public Accounting Firm
Bitcoin Shop, Inc. (OTCQB: BTCS) (the "Company"), the virtual currency ecommerce marketplace www.bitcoinshop.us, today announced that it has appointed Marcum LLP ("Marcum") as its new independent registered public accounting firm for its fiscal year ending December 31, 2014, effective immediately.
Charles Allen, CEO of Bitcoin Shop, commented,
"As we continue to make progress within the high growth digital currency ecommerce industry, it was of critical importance to engage a nationally known auditing firm with a strong reputation for their expertise in auditing financial reports with accuracy. At Bitcoin Shop, we are committed to providing our shareholders with the highest level of transparency, financial reporting standards and corporate governance."
Based in New York City, with over 60 years of experience serving middle market companies, Marcum is one of the largest independent public accounting and advisory services firms in the country. Ranked 15th nationally, Marcum offers the resources of 1,300 professionals, including over 160 partners, in 23 offices throughout the U.S., Grand Cayman and China.
About Bitcoin Shop, Inc.
Bitcoin Shop, Inc. operates an ecommerce website (www.bitcoinshop.us) where consumers can purchase products using virtual currency such as bitcoin, litecoin and dogecoin, by searching through selection of over 400 categories and over 140,000 items. Bitcoin, litecoin and dogecoin are virtual currencies that use peer-to-peer networks to facilitate instant payments. They are all categorized as cryptocurrencies, as they use cryptography as a security measure. Bitcoin, litecoin and dogecoin issuances and transactions are carried out collectively by the network, with no central authority, and allow users to make verified transfers.
Forward Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission, not limited to Risk Factors relating to its virtual currency business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.