BTCS Strengthens Board with New Appointment
SILVER SPRING, MD--(Marketwired - Jul 19, 2017) - BTCS
Inc. (OTC: BTCS) ("BTCS" or the "Company"), a blockchain technology focused company, announced today the appointment of
Jonathon R. Read to the Company's Board of Directors.
"Jonathon brings a wealth of public company expertise to our board," commented Charles Allen, CEO of BTCS. "As we move forward
on our plans to build a vertically-integrated operation in the burgeoning blockchain space, Jonathon's experience should add
tremendous value."
Mr. Read has held numerous executive positions with domestic and international companies over a career that spans in excess of
35 years. Most recently, from 2013 to present, he has served as Managing Partner of Quadratam1 LLC, a Scottsdale, Arizona
based firm specializing in providing financial and organizational consulting services for growth-stage companies in the US and
China. Prior to that, he served as Chief Executive Officer or President of Timefire VR, Inc., formerly known as EnergyTek
Corp., and during the course of his tenure repositioned, re-financed, and merged the company into an entity focused on the
virtual reality sector. Beginning in 2005 and continuing through 2012, he founded and served as Chief Executive Officer and
a director of ECOtality, Inc., a San Francisco-based entity in the field of electric vehicle charging and battery technology.
About BTCS:
BTCS is an early entrant in the Digital Asset market and one of the first U.S. publicly traded companies to be
involved with Digital Assets and blockchain technologies. Subject to additional financing, BTCS plans to create a portfolio
of digital assets including bitcoin and other "protocol tokens" to provide investors a diversified pure-play exposure to the
bitcoin and blockchain industries. BTCS intends to acquire digital assets through: open market purchases, participating in
initial digital asset offerings (often referred to as initial coin offerings). Additionally, BTCS may acquire digital assets by
resuming our transaction verification services business (often referred to as mining) through outsourced data centers and earning
rewards in digital assets by securing their respective blockchains. BTCS is also keenly focused on growth through
acquisition. The blockchain is a decentralized public ledger and has the ability to fundamentally impact all industries on a
global basis that rely on or utilize record keeping and require trust. For more information visit: www.btcs.com
Forward-Looking Statements:
Certain statements in this press release, including those related to an anticipated merger, 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
digital 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.