NEWS PROVIDED BY Sunshine Capital, Inc. Sep 16, 2016, 12:59 ET
HOLLYWOOD, Fla., Sept. 16, 2016 /PRNewswire/ — Sunshine Capital, Inc. (Pink Sheets: SCNP) today announced that DIB Funding, Inc. has created the cryptocurrency known as “DIBCOIN” and will hold these DIBCOINs in Sunshine Capital, Inc.’s portfolio. DIBCOIN will be used to acquire not only profitable private companies, but all assets used by the company. Sunshine’s use of DIBCOIN eliminates any debt or dilution to the existing shareholders.
“This is a unique application of a cryptocurrency,” stated James R J Scheltema, President and CEO of Sunshine Capital and DIB Funding, Inc. “We are going to be the first Public Company ever to use cryptocurrency to buy profitable private companies without the need to issue debt or dilute shareholder equity.James R J Scheltema, 2016
“Traditionally, public companies have structured acquisitions using stock issuances, which dilutes the shareholders’ interests, or encumbers its balance sheet with debt to purchase target companies. Sunshine’s concept will do no such thing. In contrast, Sunshine’s use of DIBCOINs to purchase other entities will not result in debt or dilution on its balance sheet.”
- 5 billion DIBCOIN in total.
- DIBCOIN is an open source Bitcoin 2.0 that is built on top of the Omni Layer protocol.
- Omni is protocol that is built as layer over Bitcoin.
- Proof of Stake (PoW). You cannot mine.
DIBCOIN is an advance application of Bitcoin’s block chain built on the Omni Layer. DIBCOIN is considered to have Bitcoin 2.0 properties. You cannot compare DIBCOIN to an altcoin/mined coin (like Bitcoin, Litecoin or Dash) because the biggest difference is in how new coins are created. Altcoins like Bitcoin, Litecoin and Dash, have to be mined by the cryptographic math behind the network. The Omni Protocol does not mine coins. It is a state layer of the assets encoded on top of the bitcoin network. DIBCOIN is a cryptocurrency created on the Omni protocol and is the same type of token that was created by Maidsafe, Tether, Synereo etc.
“We are working diligently to get DIBCOIN traded on a reputable and liquid exchange,” stated Honson Luma, Vice President of both DIB Funding and Sunshine Capital, Inc. “I believe that this business model, we are about to execute, will change the way people look at cryptocurrencies; not only being a form of payment on the internet but with DIBCOIN something that is accepted as payment for the sale of companies and assets worldwide.”Honson Luma, 2016
Sunshine Capital, Inc. has an experienced merger & acquisitions expert, Daniel J. Duffy on its Advisory Board, to help assist the company’s management in the execution of all upcoming acquisitions, especially those involving this unique application of a cryptocurrency.
To read the official white paper on “DIBCOIN” please visit the link below:
Sunshine Capital, Inc.
7777 Davie Road Extension
Hollywood, FL 33024
The private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company’s behalf. All statements, other than statements of historical facts which address the company’s expectations of sources of capital or which express the company’s expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond control of the company, actual results may differ materially from the expectations expressed in the forward-looking statements.
SOURCE Sunshine Capital, Inc.