Digital Asset Monetary Network Provides Update on Current Endeavors

Bronx, New York, UNITED STATES

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:

  1. Co-Found a services company to facilitate Reg. A+ capital raises through the family of funding portals that DigitalAMN has an interest in;
  2. 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. 
  3. Developing a strategic relationship with an established cannabis network (userbase in excess of 300,000 users) for its Reg. CF interest; and,
  4. 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.


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