NEW YORK, April 12, 2018 (GLOBE NEWSWIRE) -- Digital Arts Media Network, Inc. (OTCMKTS:DATI), a specialized tech accelerator leveraging the Public Accelerator-Incubator (PAI) model, announced today, that DATI has activated its venture with truCrowd, Inc. (owner and operator of www.truCrowd.com) by moving forward with the joint venture’s first transaction – to be announced after the Form C is filed with the SEC through EDGAR. DATI will also begin facilitating the onboarding process for qualifying issuers (startup companies) seeking to raise an additional $1M utilizing truCrowd’s SEC registered, FINRA member crowdfunding portal; a platform that DATI now holds an equity stake in.
The previously announced venture between DATI and truCrowd gives truCrowd the ability to onboard more companies at a faster pace, while remaining discerning as to which companies list on the truCrowd crowdfunding platform. DATI is actively seeking to partner with exceptional companies or startup ideas; standing ready to fund or facilitate funding for a qualifying startup’s onboarding expense and/or marketing campaign on truCrowd. This process also helps to ensure that those startups believed to be viable and well-funded opportunities, are ultimately added to DATI’s growing partnership portfolio.
“Our primary function as a PAI (Pubic Accelerator-Incubator), is to expedite capital formation for startups, accelerate liquidity for investors, and provide disenfranchised investors access to the caliber of tech startups, normally only reserved for the rich,” said Digital Arts Media Network CEO, Ajene Watson. “truCrowd aligns perfectly with this mantra and ties directly in with our end-to-end service offerings. We anticipate that we’ll facilitate roughly a dozen high-valued, high-growth, startup opportunities that will prove our business model and ultimately contribute nicely to our portfolio of startup companies.”
Management also plans to recruit those new issuers on the crowdfunding platform, to join DATI’s Angels+ program as the second part of the startup’s capital formation process. Other capital fundraising options such as Reg A, Reg. G, S1, and potentially SEC compliant TGEs (Token Generated Events) will be explored thereafter, as the legal landscape for these types of offerings are constantly evolving.
ABOUT Digital Arts Media Network, Inc.
Digital Arts Media 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 Arts Media Network will develop and acquire innovations that solve problems through digital platforms and other electronic applications.
ABOUT truCrowd, Inc. (owner and 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.
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