COSTAS INC. (CSSI) BEGINS TALKS TO ACQUIRE ONLINE CASINO OPERATOR - 'OLYMPIAN GAMING'
27 June 2017 - 11:10PM
InvestorsHub NewsWire
COSTAS INC. (CSSI) Begins Talks to acquire Online Casino
Operator OLYMPIAN GAMING
LAS VEGAS NV June 27th, 2017 - InvestorsHub NewsWire - ,
Clifford Redekop CEO of COSTAS, INC. (CSSI) and the newly appointed
Board Director, Stephen L. Gomes, announced today they are in talks
with private Casino & Sportsbook organization Olympian Gaming
Group for acquisition by COSTAS, INC. We narrowed our focus down to
a handful of companies that have strong existing player databases
as well as a focus on specific markets that are high growth gaming
markets, says Mr. Gomes. Clifford Redekop stated, We are utilizing
some very experienced talent from the gaming industry in Europe,
Canada, and Asia to help identify the best targets, and our
due-diligence showed Olympian Gaming Group to be best aligned with
top International Casino Management platforms, world leading gaming
software and very robust payment systems that we believe will meet
the demand of the international online casino market. Olympian
Gaming Group has a history of working with Tier 1 partners in
mobile financial technologies and fraud prevention platforms which
are crucial to a successful online gaming business. Olympian Gaming
Group is capable of providing state of the art localized mobile
payment solutions regardless of the market.
Mr. Redekop further states, new Board of Directors addition,
Stephen L. Gomes, comes from a prominent Las Vegas gaming family.
His late brother, Dennis, is in the national Gaming Hall of Fame
and was a leading executive in the casino industry. As a professor
of international business, Mr. Gomes has been able to help us in
pinpointing the best people and company to work with to build out
our Online Casino and FINTech strategy.
Olympian Gaming Group representative Charles Exeter states
COSTAS, INC. is a company which understands the importance of
FINTech combined with real world business operations. We strongly
believe in this vision as online casino and gaming operators in the
EU, Asia and Central/South America have been pushing the boundaries
of mobile and alternate payment systems as a course of doing
business. It has become a fact that Crypto-Currency is a
requirement for doing business in the international online gaming
world especially if we are transitioning from B2B into a B2C
operation.
About COSTAS (CSSI): http://www.otcmarkets.com/stock/CSSI/profile
COSTAS INC. is a publicly traded company on the OTC
Markets under the symbol CSSI. Costas Inc. invests in early
stage Digital Currency projects. We believe strongly in the growth
of Distributed Asset Technology and its integration into Financial
Technologies (FINTech. Distributed Networks are the next massive
internet investment market, as social media was 10 years ago.
Costas Inc. strongly believes that a Distributed Asset Technology
product will be the next Facebook or Twitter. The current US market
of FINTech is approximately $1.24 Trillion.
FORWARD LOOKING STATEMENTS:
This press release and the statements of representatives of
Costas, Inc. (the "Company") related thereto contain, or may
contain, among other things, "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements, other than statements of historical fact
included herein are "forward-looking statements," including any
other statements of non-historical information. These
forward-looking statements are subject to significant known and
unknown risks and uncertainties and are often identified by the use
of forward-looking terminology such as "guidance," "projects,"
"may," "could," "would," "should," "believes," "expects,"
"anticipates," "estimates," "intends," "plans," "ultimately" or
similar expressions. All forward-looking statements involve
material assumptions, risks and uncertainties, and the expectations
contained in such statements may prove to be incorrect. Investors
should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company's actual results (including, without limitation, Costas
ability to advance its business, generate revenue and profit and
operate as a public company) could differ materially from those
stated or anticipated in these forward-looking statements as a
result of a variety of factors, including factors and risks
discussed in the periodic reports that the Company files with OTC
Markets (Pink Sheets). All forward-looking statements attributable
to the Company or persons acting on its behalf are expressly
qualified in their entirety by these factors. The Company
undertakes no duty to update these forward-looking statements
except as required by law.
For further information contact:
ir@costasinc.com
Costas Corporate Phone Number
702-448-2911
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