NEW YORK, Feb. 27, 2019 (GLOBE NEWSWIRE) -- Digital Asset Monetary Network, Inc. or “DigitalAMN” (OTCMKTS: DATI), a Public Accelerator-Incubator (PAI), announced today, that the Company has estimated, the value of its equity portfolio increased in excess of 15x following a series of successful investments into TruCrowd, Inc. (“truCrowd”) – rated one of the market’s Top-10 equity crowdfunding platform operators in 2018 (https://bit.ly/2LYRnDB). The equity crowdfunding operator itself [truCrowd] has seen an estimated 3000% increase in enterprise value since becoming part of DigitalAMN’s PAI program’s equity portfolio.  DigitalAMN currently holds an equity stake in TruCrowd, Inc. of 19.9%.

“Our equity portfolio is comprised of several companies, but the primary increase in value is directly attributed to the significant growth and visibility of truCrowd,” stated Ajene Watson, CEO of Digital Asset Monetary Network. “Between their multiple portals, the equity crowdfunding platform operator has experienced growth in several key aspects of its business. truCrowd’s user base is estimated to have increased just over 100% in 2018. truCrowd ranks competitively for the average amount of capital raised per issuer across its portals. truCrowd also had an increase in revenue year-over-year, partly due to the value proposition its ‘market specific’ portals represent. To that end, it is estimated that truCrowd’s enterprise value had an incredible increase of just over 30 times (30x) from where we made our initial investment. truCrowd’s cannabis focused equity crowdfunding portal, Fundanna.com, contributed heavily to those stats. Although we have not yet exited the investment and realized a return, we are excited about what the opportunity brings in terms of future value to our stockholders.”

Between 2017 and 2018, DigitalAMN acquired equity stakes in both truCrowd, Inc. and Fundanna, Inc. Today, DigitalAMN owns 19.9% (plus Warrants) of TruCrowd, Inc., which owns and operates the Reg. CF equity crowdfunding portals truCrowd.com, Fundanna.com (the first and currently the only cannabis-focused equity crowdfunding portal) and its recently launched crypto currency and blockchain focused portal, CryptoLaunch.

Watson continued, “There is a keen interest in raising capital through equity crowdfunding coming from cannabis and crypto currency / blockchain related startup companies. truCrowd has verticals that focus on each of these sectors.”

“The cannabis platform Fundanna.com, as an example, has over 1,000 prospects who have inquired about listing on a cannabis specific equity crowdfunding portal since its existence. Over 240 of these issuer prospects were acquired during Fundanna’s last issuer’s offering in 2018, which achieved its legal maximum raise of $1.07M. truCrowd plans to increase its outreach within the cannabis and crypto currency / blockchain markets, while expanding into additional industry focused verticals – such as music and entertainment. We intend to continue aggressively assisting truCrowd in growing its footprint, as this is not only inherent to what we do as a PAI, but as an equally important aspect of our ecosystem.”

DigitalAMN anticipates onboarding roughly 60 companies into its PAI ecosystem in 2019.  The majority of these startup companies will leverage truCrowd’s family of Reg. CF portals to raise their initial or follow-up rounds of capital. Management believes that the successful onboarding of companies onto the truCrowd family of Reg. CF portals will significantly impact DigitalAMN’s value proposition with additional revenue streams, equity assets and portfolio values. All while contributing to truCrowd’s continued growth.

Watson concluded, “Our interest here is two-fold. Nearly every client company, most of whom would eventually become part of our equity portfolio, will likely leverage equity crowdfunding as part of our PAI development process. This ensures that our client-companies have the initial capital needed to grow, whilst contributing to our bottom line. Most importantly, we’ll meet our humanitarian mandate of helping to shrink the inequitable divide between the haves and have-nots. We believe that in creating investment opportunities into potentially high-value, fast-growth startups for everyday people, we can make a meaningful contribution to this endeavor.” 

ABOUT Digital Asset Monetary Network, Inc.
Digital Asset Monetary Network, Inc.  (OTCMKTS: DATI) is the first company to utilize the Public Accelerator-Incubator (PAI) model, with the intent to follow the global success of accelerators and incubators around the world, adding niche opportunities to both the microcap and startup communities. As a PAI, Digital Asset Monetary Network will develop and acquire innovations that solve problems through digital platforms and other electronic applications.

Twitter: https://twitter.com/OTC_DATI
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For investor and general information, please email info@DigitalAMN.com

ABOUT truCrowd, Inc. (owner/operator of truCrowd.com)

Located in the heart of the financial district of downtown Chicago, truCrowd is a FINRA member equity crowdfunding portal operating under Regulation Crowdfunding (Title III of JOBS ACT); connecting startups and emerging businesses with non-accredited and accredited investors. Built on the belief that not all businesses and investors are alike, we pride ourselves on delivering a personalized and professional funding experience through industry-leading technology.

Website: https://us.trucrowd.com/
Website: https://www.fundanna.com/

For investor and general information, please email info@DigitalAMN.com

Forward Looking Statements

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements."  Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements.  In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking.

Contact:
Public Relations Answering Center
(718) 285-6378 EXT 401
info@DigitalAMN.com