Bitcoin Shop Provides Statement on evolving Mt. Gox Issues

SILVER SPRING, Md., March 3, 2014 /PRNewswire/ -- Bitcoin Shop, Inc. (otcqb: TUCND), the virtual currency ecommerce marketplace www.bitcoinshop.us today issued the following statement regarding the Mt. Gox Bitcoin exchange bankruptcy filing.

Bitcoin Shop, Inc. Chief Executive Officer, Charles Allen commented, "Transparency and legitimacy are key core values for Bitcoin Shop as we execute on our plan to grow our virtual currency ecommerce business.  We strive to engage only with trusted network partners.  We believe that the digital currency community needs to join forces to preserve the underlying foundation of Bitcoin as an open, scalable and reputable addition to the world's existing currency ecosystems.  Many have suffered financial hardships as a result of the failure and subsequent bankruptcy filing of the Mt. Gox exchange.  Regardless of the risks and issues facing the Bitcoin community, the absolute scale of the Mt. Gox filing is difficult for even experienced virtual currency stakeholders to fathom and its impact even more difficult to assess.  Bitcoin Shop is looking to support further efforts that both increase the adoption of virtual currencies throughout global commerce as well as efforts that create value for our shareholders."

Bloomberg interview: http://www.bloomberg.com/video/is-the-boom-over-for-bitcoin-tfoAZu27TWunOegMkJxvWw.html

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, by searching through selection of over 400 categories and over 140,000 items.

Bitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments.  Bitcoin is categorized as a cryptocurrency, as it uses cryptography for security, making it difficult to counterfeit.  Bitcoin issuance and transactions are carried out collectively by the network, with no central authority, and allow users to make secure, 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 Bitcoin 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.

SOURCE Bitcoin Shop, Inc.

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