LAS VEGAS, July 24, 2019 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (NASDAQ: MARA) (“Marathon” or the “Company”), today announced that Jesse Lund, former Blockchain head at IBM has accepted the Company’s invitation to work with its Board of Directors in an advisory role. Mr. Lund will provide strategic guidance to the Company’s Board and management team, lending from his extensive experience in the Cryptocurrency, Blockchain, and Financial Services industries.

As the Company seeks to expand its footprint in the emerging global digital economy, the Board will reap the benefit of Mr. Lund’s extensive list of relationships and in depth knowledge of opportunities to consider for acquisition, as well as his guidance on whether to build or acquire businesses that may offer the best opportunities for future growth for the Company.

Marathon’s Chairman and CEO Merrick Okamoto stated, “We are honored to have someone with Jesse’s experience and understanding of this rapidly changing landscape offer us his unique perspective on business opportunities he believes we should focus on and potential introductions. In addition, we also look forward to working with him as he uses his best efforts to help us monetize our patent portfolio.”

Mr. Lund stated, “I look forward to working with the team at Marathon to evaluate potential business combinations that we feel could offer a path for accelerated growth and adoption.”

Investor Notice

Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2018. If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Safe Harbor" below.

Forward-Looking Statements

Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate, and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company's Annual Reports on Form 10-K, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise.

CONTACT INFORMATION

Name: Jason Assad
Phone: 678-570-6791
Email: Jason@marathonpg.com