Rostock Ventures Corp. Investigating Opportunities in the Bitcoin Industry
Rostock Ventures Corp. (OTCBB:ROSV) wishes to announce that the company has engaged in discussions to look into the opportunities within the Bitcoin Industry from different aspects within this exciting area ranging from creating an exchange to trade Bitcoins to various Bitcoin mining opportunities. The company's board at this time has not secured a deal and may not find a viable opportunity going forward. Management will update shareholders as any progress is made on this front.
President and CEO, Greg Rotelli, stated,
"Management is actively looking into opportunities that will enhance shareholder value, including but not limited to, the Bitcoin space. Potential opportunities in Bitcoin include involvement in the Bitcoin community for mining, trading and development. With the value of Bitcoins recently going over $1000, it makes sense to look into any opportunity that may add shareholder value."
Recently the company's Board of Directors has voted to initiate a 5-for-1 forward split of the Company's common shares payable as a dividend to our shareholders. At this time the Board has not selected the record a firm date to implement the forward stock split, but once a final record date is established, it will be announced. The Company anticipates that the forward stock split will occur prior to the end of 2013. Once we have implemented the 5-for-1 forward stock split, the Company's common stock will begin trading on a split-adjusted basis and the shareholders of record as of the selected record date will then own five shares for every one share previously owned. For example, if you owned 20,000 shares at the close of the record date you will be entitled to 100,000 shares after the split occurs.
Presently the Company has approximately 41,000,000 shares of its common stock issued and outstanding giving the company a market cap of just over $1 million currently. The Board and management feel that forward splitting the shares will increase liquidity in the Company which will give our shareholders added value and thus enable the Company to seek potential new projects.
Forward-looking Statements
Some of the statements contained in this press release are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements, including the risks and uncertainties related to the progress, timing, cost, and results of exploration programs; competition from other exploration or mining companies; and the company's ability to obtain additional funding required to conduct its exploration activities. Please refer to the company's filings with the Securities and Exchange Commission for a comprehensive list of risk factors that could cause actual results, performance or achievements of the company to differ materially from those expressed or implied in such forward looking statements. The company undertakes no obligation to update or revise any forward-looking statements.
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