NEW YORK, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Digital Arts Media Network, Inc. (OTCMKTS:DATI), a specialized tech accelerator leveraging the Public Accelerator-Incubator (PAI) model, announced that the Company is mentoring a synergistic relationship between Vezt, Inc. and OpenVision Labs (OVL); where OVL can help Vezt further develop a content distribution solution to shore up the income that Vezt users (royalty holders) and recording artist make on the blockchain-based music royalty sharing app.
Ajene Watson, CEO of Digital Arts Media Network, said, “To create bandwidth efficiency, we look to accelerate the investment interest in ventures having potential synergies. This supports an early adoption of products and services, creates cross branding opportunities and secures initial or additional contracts and revenues for companies leveraging our platform. Creating an eco-system through collaboration, supports the growth of those startups and early stage companies that make up our blockchain, cryptocurrency and equity portfolios.”
OVL (f/k/a OpenVison Networks, Inc.) is a communications technology company specializing in the seamless distribution of streaming multimedia content across several media mediums. Interest in OVL was re-established by the Company in the past year to protect its equity stake in the startup. A successful relationship between OpenVision Labs and Vezt, Inc. will demonstrate the power of OVL’s media distribution platform and bolster business opportunities. It will also establish another revenue model for OVL, paid in a combination of cash, Bitcoin and/or Ether.
Watson continued, “There is still a very stringent vetting process OpenVision Labs must successfully complete to secure a development contract from Vezt, Inc. I am excited synergies exists between the two companies. I believe the probability of this relationship coming to fruition is very high. This will certainly assist OVL to advance its market position and put the company on course for a Token Generating Event (TGE) should OVL’s management chose to pursue it.”
For further insight, the four new tech startups the Company is in the process of onboarding, complement one another as well as Vezt, Inc. and OpenVision Labs. Each of these startups are incorporating blockchain technology into their businesses; three of the four are exploring the possibility of an Initial Coin Offering (ICO) or a TGE as an alternative capital raising method, and one of the ventures being evaluated has already completed a successful ICO for $30M+.
Most important is the “collaborative environment these companies create within our Public Accelerator-Incubator, making our platform that much more attractive to startup and early stage companies, angel investors, and cryptocurrency / blockchain enthusiast,” concluded Watson.
ABOUT Digital Arts Media Network, Inc.
Digital Arts Media 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 Arts Media Network will assist with the development and acquisition of innovations that solve problems through digital platforms and other electronic applications.
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