$CSSI $7m in financing and IPO in 2018 for Authent
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(Total Views: 245)
Posted On: 12/04/2017 9:09:34 AM
$CSSI $7m in financing and IPO in 2018 for Authenta Trade, a company they own 48% stake in.
Corp site
https://www.costasinc.com/acquisitions
Costas Inc acquired 48% of AuthentaTrade Ltd., and as part of our digital strategy will provide funding to enable AuthentaTrade to execute it's impressive business plan and emerge as a licensed exchange governed in the EU by the CySEC (Cyprus Securities and Exchange Commission). Currently the trading platform has been developed and a database in excess of 70,000 customers have enlisted with AuthentaTrade. Our strategy is to execute the existing plan to become a recognized and regulated exchange.
AuthentaTrade has engaged GulfMetrics to provide guidance through the CySEC licensing process. GulfMetrics will provide the company with an audited compliance strategy as well as the required personnel to manage compliance related communications moving forward. Officers at GulfMetrics are optimistic regulatory authorities in Europe will grant the company the actual license in as little as 4 months from the date of application. GulfMetrics has been active in financial administration and the listing of companies on stock exchanges globally for many years.
Costas Inc., was incredibly impressed by the team and overall plan at AuthentaTrade. We felt the project was deserving and suited to a key introduction to one of our financing sources - Global Equity Partners Plc, based in Dubai.
AuthentaTrade has entered into an agreement with Dubai, UAE based Global Equity Partners to provide second round financing of up to $7MM. Meetings and negotiations with GEP and its partners are ongoing. Based on the level of interest and the current state of the Digital Currency space we anticipate the result will be the execution of a term sheet for required financing and the potential for a subsequent IPO, in Q2, 2018.
Authenta site
http://authenta.trade/
Corp site
https://www.costasinc.com/acquisitions
Costas Inc acquired 48% of AuthentaTrade Ltd., and as part of our digital strategy will provide funding to enable AuthentaTrade to execute it's impressive business plan and emerge as a licensed exchange governed in the EU by the CySEC (Cyprus Securities and Exchange Commission). Currently the trading platform has been developed and a database in excess of 70,000 customers have enlisted with AuthentaTrade. Our strategy is to execute the existing plan to become a recognized and regulated exchange.
AuthentaTrade has engaged GulfMetrics to provide guidance through the CySEC licensing process. GulfMetrics will provide the company with an audited compliance strategy as well as the required personnel to manage compliance related communications moving forward. Officers at GulfMetrics are optimistic regulatory authorities in Europe will grant the company the actual license in as little as 4 months from the date of application. GulfMetrics has been active in financial administration and the listing of companies on stock exchanges globally for many years.
Costas Inc., was incredibly impressed by the team and overall plan at AuthentaTrade. We felt the project was deserving and suited to a key introduction to one of our financing sources - Global Equity Partners Plc, based in Dubai.
AuthentaTrade has entered into an agreement with Dubai, UAE based Global Equity Partners to provide second round financing of up to $7MM. Meetings and negotiations with GEP and its partners are ongoing. Based on the level of interest and the current state of the Digital Currency space we anticipate the result will be the execution of a term sheet for required financing and the potential for a subsequent IPO, in Q2, 2018.
Authenta site
http://authenta.trade/
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