NEW YORK, July 13, 2020 (GLOBE NEWSWIRE) -- Digital Asset Monetary Network, Inc. or DigitalAMN (OTCMKTS: DATI), a Public Accelerator-Incubator (PAI), announced today that the Company has entered into a funding commitment agreement with an Institutional Investor to receive net proceeds of $500K, at a price equal to $.35 cents per share, whereby capital drawdowns are received by mutual acceptance of the parties. The Company plans to use these funds to accelerate the communication, marketing and advertising efforts of DigitalAMN, its client companies, equity portfolio projects and social initiatives.
We have some exciting clients onboarding and rather significant social impact projects lined up that need the full attention of their respective audiences, stated Ajene Watson, CEO of DigitalAMN. The success of these ventures not only grow our revenue and the value of our DAMN equity portfolio, but expand DigitalAMNs footprint reminding America that our PAI ecosystem attempts to promote economic growth, social empowerment and financial literacy within the business and investment communities; long before it became trendy to care about the social and economic plight of minorities or the poor and disenfranchised.
While a portion of the committed funds will be utilized to advance the Companys own communication, management will mainly focus intently on the positioning of the Company in relation to projects such as (not limited to):
- DigitalAMNs Vote By Mail initiative in conjunction with the mail-in ballot business of Global Election Services, Inc. (a pending client and equity portfolio company of DATI);
- Strengthening the reach of TruCrowd Services LLC, (a DigitalAMN subsidiary) and increasing the visibility of #KeepTheLightOn, a micro-funding program launched to assist small and micro businesses crippled by the coronavirus pandemic;
- Scaling of Vezt, Inc. a music royalty sharing app; both an equity portfolio company and pending client of DigitalAMN;
- Scaling of Goldfingr a Members Only private investment network; both a DigitalAMN portfolio company and ecosystem participant; and,
- Becoming capital partners to our network friends (such as) MetaBronx and Wall Street Bound, in support of youth mentorship and financial literacy education.
Questions about these or other DigitalAMN projects and initiatives, Connect With Us to discuss.
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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Forward Looking Statements
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