Bayside Corp (OTC: BYSD) Announces Purchase of Cryptocurrency ATM Machines
Four Additional Machines have been Purchased and Are Expected to be Installed and Operational Before the End of the Year.
WESTON, FL / ACCESSWIRE / November 6, 2018 / Bayside Corporation (OTCPK: BYSD; “Bayside” or the “Company”), today announced that it has purchased four additional cryptoasset ATM machines (CTMs) as part of their exclusive distributor agreement with Chain Bytes LLC. Once installed, they will bring the total number of CTMs operating under the Bayside Blockchain brand to twelve. The four new locations are expected to be in the South Florida area, expanding the company’s total number of CTMs in the state to six.
Justin Frankel, CEO of Bayside Corp. commented, “We are excited to expand our network of CTMs and we are working with some great location partners to provide customers with safe, easy, and convenient ways to access the cryptoasset markets.”
The new CTMs are expected to be operational sometime in December and will expand the company’s footprint in its home base of Florida. As with the company’s existing machines, these new CTMs support both buying and selling transactions, are made of bank-grade cold rolled steel, and will run off of ChainBytes’ cutting edge software.
About Bayside Corp
Bayside Corp. is an American corporation that trades publicly under the symbol “BYSD.” At Bayside Corp., we believe that emerging technologies will create new opportunities for generations to come. Crypto-assets and blockchain technology will fundamentally impact a broad range of industries such as financial services, digital rights management, and computer processing and programming, along with many others. Our goal is to become the premier provider of infrastructure in this new and exciting industry. For additional information on the Company visit our website at: http://www.baysidecorp.com.
This press release may contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the PrivateSecurities Litigation Reform Act of 1995. Any such projections or statement reflect the company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that such projections will be achieved and that actual results could differ materially from those projected. Important factors that could cause actual results to differ from those projected are decreases in oil and gas prices or decreases in oil and gas production. The company’s actual results could differ materially from those discussed herein. Forward-looking statements are subject to risks and uncertainties, including, but not limited to, government regulation, taxation, spending, competition, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements.
SOURCE: Bayside Corporation