ARLINGTON, VA--(Marketwired - May 28, 2014) - Bitcoin Shop, Inc. ( OTCQB : BTCS ) (the "Company"), the virtual currency ecommerce marketplace www.bitcoinshop.us, today announced that Chief Executive Officer, Charles Allen, has been appointed to the Advisory Board of GoCoin LLC, a digital currency payment platform. In March 2014, Mr. Allen along with Bitcoin Shop's Chief Operating Officer, Michal Handerhan, led a GoCoin $1.5 million Series A equity financing.

Steve Beauregard, Founder and CEO of GoCoin, commented, "Charles brings extensive business and financial leadership to the GoCoin Advisory Board. We welcome his guidance and look forward to a long, successful working relationship together."

Charles Allen, Chief Executive Officer, stated, "I am thrilled to be joining their Advisory Board. The appointment was a natural next step in the progression of our relationship as Steve and I, along with the rest of his team, share many of the same visions for the future of virtual currency. I strongly believe that there are synergies between Bitcoin Shop and GoCoin and collaborative opportunities we will take advantage of in the future."

About GoCoin, LLC:

GoCoin LLC is the first international payment platform for digital currencies, making it easier than ever for online and retail merchants to accept bitcoin, litecoin and dogecoin payments. GoCoin enables merchants to reap the benefits of accepting digital currency without taking on the perceived risk. Founded in July 2013, GoCoin is an international group of companies with a presence in Asia Pacific, the Americas, the Caribbean and Europe. For more information, please visit http://www.gocoin.com.

About Bitcoin Shop, Inc.:

Bitcoin Shop, Inc. operates an ecommerce website (www.bitcoinshop.us) where consumers can purchase products using virtual currency such as bitcoin, litecoin and dogecoin, by searching through selection of over 400 categories and over 140,000 items. Bitcoin, litecoin and dogecoin are virtual currencies that use peer-to-peer networks to facilitate instant payments. They are all categorized as cryptocurrencies, as they use cryptography as a security measure. Bitcoin, litecoin and dogecoin issuances and transactions are carried out collectively by the network, with no central authority, and allow users to make verified transfers.

Forward Looking Statements:

Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission, not limited to Risk Factors relating to its virtual currency business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.