COSTAS INC. (CSSI) Costas to Deploy Cryptocurrency ATMs in Latin American Gaming Venues
LAS VEGAS, Nov. 21, 2017 (GLOBE NEWSWIRE) -- Clifford Redekop, CEO of COSTAS, INC. (CSSI) (CSSI), announced today Costas has agreed to provide cryptocurrency ATMs to L.E.J.C sa. of Costa Rica which has contracts for ATM placement and operations with major casino and sports book groups.
Agreements have initial ATM placements in casinos in Mexico with as many as 300 future ATM deployments throughout Latin America.
L.E.J.C. will locate and contract with casinos, and "walk-up" sports books, and then maintain the machines.
A spokesperson for L.E.J.C. stated, "The Latin American market is fast growing, underserved market, and most in need of a secure, cost-efficient method of funds transfer and currency exchange. Mexican nationals in the U.S. sent $22 billion back to Mexico in 2016."
L.E.J.C. is also in negotiations with the two largest convenience store operators in Mexico to deploy regular ATMs to hundreds of locations.
About COSTAS (CSSI): http://www.otcmarkets.com/stock/CSSI/profile
COSTAS INC. is a publicly traded company on the OTC Markets under the symbol ‘CSSI.’ Costas Inc. invests in early stage Digital Currency projects. We believe strongly in the growth of Distributed Asset Technology and its integration into Financial Technologies (FINTech. Distributed Networks are the next massive internet investment market, as social media was 10 years ago. Costas Inc. strongly believes that a Distributed Asset Technology product will be the next Facebook or Twitter. The current US market of FINTech is approximately $1.24 Trillion.
FORWARD LOOKING STATEMENTS:
This press release and the statements of representatives of Costas, Inc. (the "Company"
related thereto contain, or may contain, among other things, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as "guidance," "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "ultimately" or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results (including, without limitation, Costas’ ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with OTC Markets (Pink Sheets). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.
For further information contact:
ir@costasinc.com
Costas Corporate Phone Number
702-448-2911
https://finance.yahoo.com/news/costas-inc-css...24621.html
LAS VEGAS, Nov. 21, 2017 (GLOBE NEWSWIRE) -- Clifford Redekop, CEO of COSTAS, INC. (CSSI) (CSSI), announced today Costas has agreed to provide cryptocurrency ATMs to L.E.J.C sa. of Costa Rica which has contracts for ATM placement and operations with major casino and sports book groups.
Agreements have initial ATM placements in casinos in Mexico with as many as 300 future ATM deployments throughout Latin America.
L.E.J.C. will locate and contract with casinos, and "walk-up" sports books, and then maintain the machines.
A spokesperson for L.E.J.C. stated, "The Latin American market is fast growing, underserved market, and most in need of a secure, cost-efficient method of funds transfer and currency exchange. Mexican nationals in the U.S. sent $22 billion back to Mexico in 2016."
L.E.J.C. is also in negotiations with the two largest convenience store operators in Mexico to deploy regular ATMs to hundreds of locations.
About COSTAS (CSSI): http://www.otcmarkets.com/stock/CSSI/profile
COSTAS INC. is a publicly traded company on the OTC Markets under the symbol ‘CSSI.’ Costas Inc. invests in early stage Digital Currency projects. We believe strongly in the growth of Distributed Asset Technology and its integration into Financial Technologies (FINTech. Distributed Networks are the next massive internet investment market, as social media was 10 years ago. Costas Inc. strongly believes that a Distributed Asset Technology product will be the next Facebook or Twitter. The current US market of FINTech is approximately $1.24 Trillion.
FORWARD LOOKING STATEMENTS:
This press release and the statements of representatives of Costas, Inc. (the "Company"
related thereto contain, or may contain, among other things, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as "guidance," "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "ultimately" or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results (including, without limitation, Costas’ ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with OTC Markets (Pink Sheets). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law. For further information contact:
ir@costasinc.com
Costas Corporate Phone Number
702-448-2911
https://finance.yahoo.com/news/costas-inc-css...24621.html
