LAS VEGAS, NEVADA, July 26, 2018 (GLOBE NEWSWIRE) -- Momentous Entertainment Group, Inc. (“Momentous” or “MEG”) (OTCBB:MMEG), announces today that it is in development of a new cryptocurrency platform and service titled DC OFFERINGS™ (Digital Currency Offerings). On May 18, 2018, Momentous filed the initial trademark application on the DC OFFERINGS™ service and system.
Andrew Birnbaum, Momentous’ Chief Digital Currency Officer, has been instrumental in identifying specific unmet needs for the holders of cryptocurrency within the public marketplace and within the investor community. Public markets seek investors and shareholders to invest in their companies; digital currency holders are frustrated by the current lack of ability to diversify cryptocurrency gains into publicly traded or private equity markets.
Momentous, through a wholly owned subsidiary, Financial Equity Partners, Inc., introduces DC OFFERINGS™, one of the first platforms to be available on the World Wide Web that is a virtual tradeshow for investors with cryptocurrency assets and for corporate issuers seeking capital. Momentous targets mid to late Q3 for initial public implementation of the platform using a Momentous private debt offering as its first offering.
DC OFFERINGS™ bridges the gap in allowing investors to use cryptocurrency, including Bitcoin and Ethereum, as an investment into a target company without conversion to fiat currency first. DC OFFERINGS’™ platform is now in the final stage of development where investors enter an online portal that allows the investor to apply for all legal, regulatory and security requirements at one place, at one time to allow the use of cryptocurrency for equity or debt investments in Momentous.
DC OFFERINGS™ will soon introduce cryptocurrency owners to make investments into other publicly traded U.S. Companies other than Momentous upon satisfying regulatory approval.
Peter Bianchi, Momentous’ EVP of Consumer Products, is part of the team assisting Andrew in developing this cryptocurrency investment system. Peter is using his years of experience in implementing successful product branding campaigns and is positioning DC OFFERINGS™ as a first-to-market innovator for the digital asset investor. Peter recently said: “This process and portal is revolutionary. Our new platform and service will allow the cryptocurrency owner the ability to diversify cryptocurrency holdings and to lower their overall portfolio risk levels. I believe we are pioneering this direction of investing, and it will have the same impact that innovative companies such as E-Trade and Scottrade/TD Ameritrade have had on current market trading in the past.”
Momentous’ CEO Kurt Neubauer added: "We are excited to be the first company, that we know of, to offer investors an available alternative investment platform option for their cryptocurrency. After successfully completing the first phase of Momentous’ ability to take in cryptocurrency as an investment medium and immediately converting it to fiat funds for capital growth paves the way for the further development the DC OFFERINGS™ program.” Further, Neubauer opined, “They say history repeats itself; this new cryptocurrency system and its technology reminds me of the industry changing effect that Datek’s trading platform had in pioneering online stock trading in the late 1990’s, one that was eventually acquired by Ameritrade in 2002 in a $1.3 billion dollar deal.”
To request more information about DC OFFERINGS™ visit this link: http://dcofferings.com/
About Momentous Entertainment Group (MMEG)
Momentous Entertainment Group, Inc. (MMEG) is a social media 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 that MEG 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.