NEW YORK, Oct. 12, 2018 (GLOBE NEWSWIRE) -- Digital Asset Monetary Network, Inc. or “DigitalAMN” (OTCMKTS: DATI), a specialized tech accelerator leveraging the Public Accelerator-Incubator (PAI) model, updates shareholders on recent events relating to the “Promotional Flag” on DigitalAMN’s OTCMarkets’ profile; determining an estimated time the designation will be removed is October 22nd, 2018, should there be no additional concerns.
Management immediately reached out to the OTC Markets Group, Inc. (“OTCMarkets”), once learning that there was a promotional flag on DigitalAMN’s OTCMarkets profile page. OTCMarkets provided the basis which they believed that DigitalAMN was allegedly engaged in stock promotion; consequently, resulting in DigitalAMN’s profile page receiving a ‘Stock Promotion’ flag. As the CEO mentioned in his statement to shareholders, he and management were confident they had absolutely no involvement in facilitating ‘stock promotion’ for DigitalAMN.
“OTCMarkets was made aware of management’s firm position and the denial of engaging in stock promotions, and supportively made information available to us so that we could track down the culprit(s),” stated Ajene Watson, CEO of Digital Asset Monetary Network, Inc. “With the information provided, we indeed tracked down the persons whom we believe to be responsible for initiating unwanted, unsolicited and what we believe were illicit, stock promotions.”
Though DigitalAMN was not involved nor had any knowledge of any stock promotion, management learned that a mailer from The Wolf of Penny Stocks and/or a landing page from Breaking Investor News, became a major impediment on DigitalAMN and its shareholder’s confidence. However, the actions taken by a select few to negatively impact DigitalAMN will not go unchallenged. Shareholders have also helped provide additional due diligence and leads to identify the parties involved and DigitalAMN is taking action, while verifying we have a complete list of all parties involved – directly or indirectly.
Watson continued, “As best as we can tell, we have put an end to the source of the marketing materials that have caused us great discomfort. We want to thank the OTC Markets Group for their assistance in this matter, as well as our shareholders whom actively participated in bringing us much-needed information to deal with this situation appropriately.”
Management intends to continue with the engagement of MoneyTV as an online media outlet for its portfolio-company, TruCrowd, Inc., its sector focused equity crowdfunding portals – Fundanna (Cannabis) and CryptoLaunch (Security Token), along with the startups and development stage companies raising money on those portals.
Watson concluded, “We should be fortunate enough to see the Stock Promotion flag removed from our OTCMarkets profile on or before October 22nd, 2018. This should help restore some confidence to our marketplace. Especially, as our marketplace realizes that DigitalAMN, during the normal course of business, has no ability to, nor does it ever intend to, make any issuances below its designated floor price.”
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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Forward Looking Statements
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