Oct 27, 2017
OTC Disclosure & News Service
Vancouver, BC, Canada
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October 27, 2017, Tel Aviv, Israel, First Bitcoin Capital Corp (OTC: BITCF) (the “Company”) announced today that it retained two top law firms, including a securities industry expert, to assist the Company in its efforts to return to the OTCQB market and to minimize the recurrence of any future regulatory concerns.
Being incorporated in British Columbia, Canada, the Company chose McMillan LLP based on their international expertise as a top Canadian firm specializing in areas most suitable in assisting the Company in its effort to move First Bitcoin Capital forward in the capital markets.
The Company chose Sylvia Scott of Holmes, Taylor, Scott & Jones LLP due to her extensive experience as former senior counsel with the Financial Industry Regulatory Authority (“FINRA,” then known as the National Association of Securities Dealers) and the U.S. Securities and Exchange Commission (“SEC”) in order to meet the regulatory challenges facing small cap companies such as BITCF.
About Sylvia Scott
Ms. Scott has successfully represented clients in numerous securities cases and investigations drawing from her 18 years of experience as a former enforcement attorney with the SEC and FINRA.
Ms. Scott’s practice focuses on all aspects of securities regulation and litigation. She represents members in the investment advisory and brokerage industry in private litigation, regulatory investigations and examinations, and regulatory enforcement actions. She has successfully represented numerous brokers and investment advisers in enforcement matters before the SEC, FINRA and state regulatory agencies. She has also successfully represented companies under regulatory scrutiny by the SEC and state regulators. Another aspect of Ms. Scott’s practice includes advising companies regarding private placements, drawing from expertise gained while she served on a “regulatory expert group” at FINRA with regard to private placements and underwritings.
As a former prosecutor and manager with both the FINRA and SEC, Ms. Scott has specialized knowledge of the challenging regulatory environment in which securities professionals must operate. During her 12-year career with the NASD, Ms. Scott developed a reputation as a top notch securities litigator and expert in the broker-dealer industry. A Former FINRA Enforcement official stated in her departure announcement, “Without doubt, Sylvia has been one of the finest attorneys and litigators ever in this Enforcement Department. During her 12 years with us, we have come to respect her formidable litigation abilities and to count on those talents in a number of high visibility cases.”
Ms. Scott has been a frequent speaker at securities conferences, an author of numerous industry articles and is frequently engaged to testify and/or consult as an expert on securities matters. From 2013 through 2017, she has been named to the Southern California Super Lawyers list, a designation bestowed on only the top 5% of lawyers in this region.
About McMillan LLP
McMillan is a leading business law firm serving public, private and not-for-profit clients across key industries in Canada, the United States and internationally. With recognized expertise and acknowledged leadership in major business sectors, the firm provides solutions-oriented legal advice through their offices in Vancouver, Calgary, Toronto, Ottawa, Montral and Hong Kong. The firm values respect, teamwork, commitment, client service and professional excellence are at the heart of McMillans commitment to serve its clients, its local communities and the legal profession.
About First Bitcoin Capital Corp.
First Bitcoin Capital Corp. is engaged in developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange – www.CoinQX.com (in Beta). We see this step as a tremendous opportunity to create further shareholder value by leveraging management’s experience in developing and managing complex Blockchain technologies and in developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company, we want to provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies.
Cautionary Note to Investors
Investors and potential shareholders in the Company should carefully consider the high risks involved in speculating in our common stock both in the OTC markets as well as in the cryptocurrency markets and should be aware that the inventory of altcoins developed or maintained by the Company, while showing significant potential, is highly speculative and that such cryptocurrencies are extremely illiquid and only trade sporadically on small, foreign cryptocurrency exchanges.
Forward-Looking Statements
Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company’s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company’s filings, which are on file at www.OTCMarkets.com.
SOURCE: First Bitcoin Capital Corp.
Contact us via: info@bitcoincapitalcorp.com or visit http://www.bitcoincapitalcorp.com
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