Coin Citadel Announces Joint Venture in Bitcoin Industry

Coin Citadel Announces Joint Venture in Bitcoin Industry

 LOS ANGELES, CA -- December 12, 2017 -- InvestorsHub NewsWire -- Coin Citadel (USOTC:CCTL),  announces that the company has signed a binding agreement  with an existing cloud mining operation. Coin Citadel will offer a hosting service for crypto currency miners via its new division called "Coin Citadel Mining”.  We have leased new office space for this joint venture as we expect significant growth to require expansion of the mining operation. Our intention is to take pictures of this new location and its mining operations so we can show our investors that this is not just a concept or an idea, but a real Bitcoin mining operation. With that said, we plan on releasing more details about this joint venture soon. We feel that this is a great opportunity and that the time is now to capitalize on the Digital Currency boom. With this strategic move we expect to increase our Bitcoin portfolio and see substantial revenue growth which should, in turn, add to shareholder value. We also want to be more transparent and, therefore, intend to complete all regulatory and financial filings necessary to bring CCTL into current status with OTC Markets. All of these actions will culminate with new management being put in place to replace current CEO, Bill Schaefer. The vision for Coin Citadel's future is as a holding company for additional, diverse revenue producing vehicles but with a main focus on the Digital Currency Industry.

 Bill Schaefer was quoted as saying, " I believe it is time for me to move on and let someone else take the reins who has more expertise in the Digital Currency industry and can take Coin Citadel to new heights. I will be happy when I can look back down the road, and say, I helped start that".  

 There is no current dilution that we know of, and the company is not selling shares at this time. Be on the lookout for the announcement of our "New" integrated bitcoin web site, and New CEO These are exciting times ahead, so watch for news, filings, and other updates coming shortly.

 Forward-Looking Statement Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

Contact:
Bill Schaefer, CEO
562-453-7643