Bitcoin Forum

Official statement to BTCWebHost.com shareholders

Dear Friends,


 like many fledgling startups on the GLBSE We have had a lot of ups and downs, however over all I consider BTCWebHost.com
a success at this point.

Earlier this month I was contacted by a very well known web hosting company that was interested in BTCWebHost.com and it's customers,
they were considering making the plunge into the Bitcoin world by selling web hosting for Bitcoins and they wanted BTCWebHost.com
to be their springboard. Although at one point this transaction seemed all but cemented in stone - it has since slipped through the cracks and the
company in question has since backed out of the deal. I spoke in length with one of their officers and apparently they felt getting involved with
(and I quote) "a company listed on a rogue stock exchange" would be "risky at best" and in the long run they would have to spend more money on attorneys
to satisfy their legal requirements than the deal might even be worth.

Based on the votes by the stock holders it appears that at least half of you will be disapointed - and I would have to say that I am about half disapointed
as well, although the deal was not going to make me rich it was a nice chunk of change for a company I founded with a song and put only a months worth of effort
into. For those who are disapointed, I apologize - but good things are to come!

At any rate we are stuck with eachother, but I want to give you some encouraging information. While this deal was falling through we have actually been doing business.
So far this quarter we have done 24.9508 BTC in sales with a good portion of that re-curring monthly charges. Considering we have only been open for one month
it is not a disapointing figure to me.

My schedual has been very demanding lately and I apologize for the fact that I have not been able to invest the time necessary to really make
BTCWebHost.com succeed and this is something I am working on changing, I recently had a newborn baby girl and with that, the holidays and the other projects
I have going on including running a full time bricks and mortar business It has been hard for me to keep up, but I want you to know I am excited about the future
I have a new found motivation and drive to make these projects happen for myself, for the share holders and for Bitcoin as a whole. I have been looking into partnerships
with like minded individuals who can help to make some of these great projects succeed and I just ask for those of you who are doubting please allow me the chance to
restore your faith in me!

The first step in making that happen is to get some of these other projects up and running again and to continue to make BTCWebHost.com profitble, CoinConnect
will be back and we have some other very exciting projects on the horizon.

Most importantly - This financial quarter is almost over, and I make a personal promise to all share holders that you will receive dividend payments on 01/01/2012 !

As always I am locking this thread (I do not see a point to leave it open for trolls who have no business even reading this to make comments on it)
however if you wish to contact me to discuss this matter or any other related matter you can find my contact info at the bottom.

Thank You.

Thomas Van Riper
tom@devcoin.org
(315) 514-0269