NEW YORK, April 23, 2019 (GLOBE NEWSWIRE) -- Digital Asset Monetary Network, Inc. or “DigitalAMN” (OTCMKTS: DATI), a Public Accelerator-Incubator (“PAI”), announced today, that DigitalAMN has a number of endeavors which are rapidly evolving. These include, but are not limited to:
- Co-Found a services company to facilitate Reg. A+ capital raises through the family of funding portals that DigitalAMN has an interest in;
- Engage a highly experienced professional in the area of blockchain and crypto-currencies to assemble a team to assist DigitalAMN in developing all industry related projects relevant to the PAI ecosystem.
- Developing a strategic relationship with an established cannabis network (userbase in excess of 300,000 users) for its Reg. CF interest; and,
- Onboard new client-companies into the PAI ecosystem.
“Items 1, 2 and 3, will be independently announced for details,” stated Ajene Watson, CEO of Digital Asset Monetary Network. “We anticipate the collective contributions of these endeavors will help validate, support and achieve our goals and valuation targets.”
Management indicated strong reasons for pursuing Items #1 and #2, considering:
- A highly recognized crowdfunding company, StartEngine Crowdfunding, Inc., reportedly generated significant revenue by facilitating Reg. A+ capital raises for Issuers. Having the ability to leverage DigitalAMN’s interest in Reg. CF portals supports growth in its revenue model and shareholder confidence; and,
- Recent Forbes article by Michael del Castillo (Blockchain Goes to Work At Walmart, IBM, Amazon, JPMorgan, Cargill and 45 Other Enterprises) informs that even DTCC (Depository Trust & Clearing Corp), who holds the records for roughly $48 trillion in assets [including that of DATI] will soon start the largest implementation of blockchain, possibly to-date. So, it’s paramount that DigitalAMN dedicate resources to building an experienced team capable of providing client-companies with comprehensive support around the implementation of blockchain technologies.
Management views item #4 as being the normal course of business – not requiring an independent release. That said however, “each new client-company onboarded into the PAI, represents potential short-term revenues of $50k to $150k; an aspect of our business that DATI shareholders should understand,” continued Watson.
“Our hybrid accelerator-incubator is quite unique due to its four-phase development model: Accelerate, Incubate, Acquire and Spinout. Presently, we are hyper-focused on our Acceleration phase. And, unlike traditional accelerators, it is in this phase that we immediately establish short-term revenue potential – even prior to securing long-term assets. This allows for a greater mitigation of risk and lower fund raising requirements.”
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
LinkedIn: https://www.linkedin.com/company/digitalamn/
Instagram: https://www.instagram.com/digitalamn/
Facebook: https://www.facebook.com/DigitalAssetMonetaryNetwork/
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