Business
Sterling Consolidated Announces It Will Accept Bitcoin and Other Cryptocurrencies for its Stock
Sterling Consolidated Announces It Will Accept Bitcoin and Other Cryptocurrencies for its Stock.
About this update from Sterling Consolidated Corp
[{"type":"text","content":"\n\n\n\nSterling Consolidated Announces It Will Accept Bitcoin and Other Cryptocurrencies for its Stock\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSterling Consolidated Announces It Will Accept Bitcoin and Other Cryptocurrencies for its Stock\nCompany previously declared a dividend payable in its own cryptocurrency, DiMO, but will also accept as payment for the publicly offered stock, Bitcoin, Ethereum, Litecoin and Bitcoin Cash\nPR Newswire\nNEPTUNE, N.J., Feb. 16, 2018\n\n\n\nNEPTUNE, N.J., Feb. 16, 2018 /PRNewswire/ -- Sterling Consolidated Corp. (OTC: STCC) (The Company), a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace, yesterday declared a cryptodividend.  Each common shareholder of record as of October 26, 2018 will receive 950 DiMO tokens, the Company's internally developed and proprietary cryptocurrency, with a payment date of December 14, 2018.  The Company has also filed a Form 1-A with SEC to qualify a Reg A offering with a maximum raise of $50 million. \n\nAdditionally, as disclosed in the Company's Form 1-A filing made on Wednesday, the Company has announced plans to accept Bitcoin, Ether, Litecoin and Bitcoin Cash as consideration for the Shares publicly offered.  \n\n\"We believe the Blockchain has a bright future,\" said Sterling CEO Darren DeRosa.  \"We have entered the space ourselves with the plans to bring Blockchain to the o-ring industry and the development of our proprietary DiMO token.  Further, we will accept certain cryptocurrencies as payment for our pending public stock offering and become an enthusiastic participant in the cryptocurrency ecosystem.\" \n\n\n\nTo view our current Reg A filing which is pending regulatory review at the SEC, go to: \n\nhttps://www.sec.gov/cgi-bin/browse-edgar?company=sterling+consolidated&owner=exclude&action=getcompany \n\nTo sign-up for updates about our Reg A filing go to:\n\nhttp://www.sterlingconsolidated.com/rega.php \n\nAbout Sterling Consolidated Corp. Sterling Consolidated Corp., through its wholly-owned subsidiary...