Bayside Corp. Announces Record First Quarter Financial Results
02 April 2015 - 1:25AM
InvestorsHub NewsWire
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Bayside Corp. Announces
Record First Quarter Financial Results
Bayside Corp. announces record
first quarter net profits.
Dallas, TX -- April 01, 2015 -- InvestorsHub NewsWire
-- Bayside Corp. (BYSD.PK)
today announced financial results for its fiscal first quarter of
2015. The
company posted quarterly revenue of $184,334.47 and record
quarterly net profit of $73,293.60. “We are pleased
with our results thus far, but there is still a lot of work yet to
be done in regards to the international expansion of Vault 51.
”-Gordon
Johnson, Bayside Corp. CEO
To continue, the results were fueled by the
international sales of Bitcoin and Vault 51. Previously, Vault 51
and the sale of Bitcoin was only available to consumers in the
United States and Canada. However during the first quarter of 2015
the company expanded the sale of Bitcoin and Vault 51 into just
over thirty countries, which includes the United Kingdom,
Switzerland, Singapore, Vietnam, Hong Kong, Japan and all European
Member countries.
Additionally, the company looks to continue the
expansion of Vault 51 and the sale of Bitcoin globally by licensing
the rights to certain geographical territories to independent
operators. As a result the company intends to have a larger
global reach over the next twelve months.
The sale of Bitcoin and Vault 51 is operated by
Bayside Corp’s subsidiary company Bitcoinz USA. Vault 51 is an
offline storage system for Bitcoin users, which is represented by a
Physical Bitcoin. The electronic Bitcoin is then stored off-line in
a secured computer chip known as Vault 51 and embedded in a
Physical Bitcoin, which is not connected to the internet. This
process is also known as cold storage and is done to avoid hacking,
loss, or theft.
About Bayside
Bayside Corp. is an American multinational
corporation that manages multiple subsidiary companies engaged in a
variety of business industries and sectors. At Bayside Corp. we
believe that the future is now and that our efforts today will have
a long lasting impact for generations to come. For additional
information on the Company visit our website at: http://www.baysidecorp.com
Certain statements in this news release
constitute "forward-looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
"forward-looking information" All forward-looking statements are
based on Bayside's current expectations, estimates, projections,
beliefs and assumptions based on information available at the time
the statement was made and in light of Bayside's experience and its
perception of historical trends.
The forward-looking statement in this news
release includes reference to: Bayside's ability to execute on its
strategy and deliver strong results on behalf of its shareholders.
Forward-looking statements are not guarantees of future performance
and involve a number of risks and uncertainties; some that are
similar to other related companies and some that are unique to our
company. Bayside's actual results may differ materially from those
expressed or implied by our forward-looking statements and you are
cautioned not to place undue reliance on
them
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