Creates New Executive Role; Appoints Chief Digital Currency Officer
LAS VEGAS, NV, April 19, 2018 (GLOBE NEWSWIRE) -- In a bold move, Momentous Entertainment Group, Inc. (“Momentous”) (OTCBB: MMEG), will soon accept alternative investment in the form of cryptocurrency, including Bitcoin and Ethereum. In addition, Momentous is pleased to announce the appointment of Andrew Birnbaum in the newly created role of Chief Digital Currency Officer.
Mr. Birnbaum was recently Chief Executive Officer of a digital currency exchange. He brings a long history of successful management, acquiring capital and growing companies. The position of Chief Digital Currency Officer is responsible to facilitate the process of initially accepting Bitcoin and Ethereum, and potentially others in the future. This includes oversight of the exchange of cryptocurrency to fiat currency, interaction with potential investors interested in the use of cryptocurrency, regulatory compliance, and other activities.
Mr. Birnbaum states, “After consultations with several prominent SEC attorneys, we believe that, to our knowledge, there has not been a publicly traded company that accepts digital currency as a form of investment. We are very excited about providing the opportunity to individuals, companies and funds that want to participate in a regulated environment.” He goes on to say, “Momentous is not interested in attracting any “Bad Actors” to participate here. The people and entities interested in investing digital currency with a public company understand the regulatory requirements to Know your Customer and abide by Anti Money Laundering protocols.”
Kurt Neubauer, CEO of Momentous, states, “We are especially excited about the opportunity to work with Andrew. He brings a high level of professional experience, enthusiasm and a wide variety of industry contacts in the space.”
About Momentous Entertainment Group (MMEG)
Momentous Entertainment Group, Inc. (MMEG) is a gaming, ecommerce and digital media company focused on providing unique and entertaining experiences for its subscribers and members on a global scale.
The Company’s strategic expansion plans are balanced between accelerating growth of its existing media and gaming properties, to the acquisition of profitable and sustainable businesses that are highly complementary to MMEG’s operations.
Please note the Company may use social media to communicate with the public. This communication may include information that could be deemed material information. As a result, the Company encourages interested parties to review the information that it posts on the following social media channels: Facebook, Twitter and LinkedIn.
To learn more, visit Momentous Entertainment Group’s website at www.momentousentertainment.com
Forward-Looking Statements
This press release may contain forward-looking statements, including information about management’s view of Momentous Entertainment Group Inc’s (MMEG) future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of MMEG to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents MMEG files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on MMEG’s future results. The forward-looking statements included in this press release are made only as of the date hereof. MMEG cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, MMEG undertakes no obligation to update these statements after the date of this release, except as required by law, and takes no obligation to update or correct information prepared by third parties that are not paid for by MMEG.