Bayside Corporation Files Third Quarter Financials and Issues a Business Update
WESTON, FL / ACCESSWIRE / November 15, 2018 / Bayside Corporation (OTCQB: BYSD; “Bayside or the “Company”), today is pleased to announce that the Company has filed its financials and disclosure reports for the period ended September 30, 2018 on OTCMarkets and provided a management update on its business and mission to make Bayside a leading blockchain infrastructure provider.
To view the Company’s disclosures, click here
In the 10 years since its’ inception, Bitcoin’s blockchain technology has evolved beyond the fringes to become a force that is shaping how business and banking will look in the 21st century.
“At Bayside, we believe that the promise of bitcoin lies in its ability to democratize access to capital for everyone, even those who have traditionally been ignored or under-served by the established capital markets. Our Bayside Blockchain BTMs convert between physical and digital currencies easily and conveniently.” commented Justin Frankel, Chief Executive Officer of Bayside.
Bayside continues to focus on two market needs: 1. Providing customers with immediate access to their digital currency; and 2. Serving customers who don’t have easy or affordable access to traditional bank accounts. The Company just announced the purchase of four BTMs powered by software from Chainbytes ( chainbytes.com ), and plans to have them installed at convenient partner locations before the end of the year.
The recent quarter represented the first full quarter of operations for Bayside since they installed their cryptoasset kiosks. Over the past year the Company has become current with their financial filings and successfully deployed BTMs across five states. Bayside plans to continue to add location partners and expand their network of operations in the coming months. Frankel added, “We are pleased with our performance during this past quarter, our first full quarter of operations, and anticipate continued growth as usage and adoption increases.”
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 Private Securities 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