Costas Inc. Has Entered Into a Letter Of Intent to Purchase 33% of Incryptex Inc.

CYPRESS, TX , United States, via ETELIGIS INC., 10/22/2014 – – Costas Inc. (OTC Pink: CSSI) (PINKSHEETS: CSSI) is pleased to announce their entering into a formal Letter of Intent to purchase 33% of Toronto-based Incryptex Ltd. www.incryptex.com

Incryptex Ltd. is a digital currency processing platform. Incryptex will allow its global member base to participate in the processing, remittance, and exchange of digital currencies like Bitcoin. The use of proprietary systems exclusive to Incryptex provides Forex, Mining, and Payment Processing Solutions for these products.

Incryptex’s proprietary global banking partnerships, risk mitigation strategies, security, and compliance have positioned Incryptex to become a competitive player and service provider in the digital currency space in the US market as well as 132 countries worldwide.

The Costas Inc. will be using their years of experience in trade on ICE, in conjunction with Incryptex’ proprietary platform. This relationship will provide liquidity, transparency, and security to users worldwide on a user-friendly interface. The technology behind this new platform will open up trade products to users, facilitating their navigation, investment and transactions of crypto currencies globally.

Safe Harbor Statement:

The information you are accessing may include forward-looking statements related to our future growth, trends in our industry, our financial and or operational results, and our financial or operational performance. Such forward-looking statements are predictive in nature, and may be based on current expectations, forecasts or assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from the forward-looking statements themselves. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as "believes", "expects", "anticipates", "estimates", "intends", "plans", or similar expressions, or may employ such future or conditional verbs as "may", "will", "should" or "would", or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws.

The risks and uncertainties referred to above include, but are not limited to: variability of operating results among periods; inability to retain or grow our business due to execution problems resulting from significant headcount reductions, plant closures and product transfer associated with major restructuring activities; the effects of price competition and other business and competitive factors generally affecting the EMS industry; the challenges of effectively managing our operations during uncertain economic conditions; our dependence on a limited number of customers; our dependence on industries affected by rapid technological change; the challenge of responding to lower-than-expected customer demand; our ability to successfully manage our international operations; and delays in the delivery and/or general availability of various components used in the manufacturing process. These and other risks and uncertainties and factors are discussed in the Company’s various public filings at http://www.sedar.com and http://www.sec.gov, including our Form 20-F and subsequent reports on Form 6-K filed with the Securities and Exchange Commission. Except as required by applicable law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:

Ashley Sansalone

President

admin

SOURCE: Costas, Inc.

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