NEW YORK, March 12, 2019 (GLOBE NEWSWIRE) -- Digital Asset Monetary Network, Inc. or “DigitalAMN” (OTCMKTS: DATI), a Public Accelerator-Incubator (PAI), announced today that the Company intends to provide more investment capital and other business development resources to Top-10 rated (https://bit.ly/2LYRnDB) equity crowdfunding portal operator, TruCrowd, Inc. (“TruCrowd”). This, to further DigitalAMN’s increased support of Regulation CF (Reg. CF equity crowdfunding – Title III of the JOBS Act) as part of the Company’s PAI ecosystem.
“With additional assistance, TruCrowd will have the ability to expand the reach of both its cannabis-focused portal Fundanna.com, as well as CryptoLaunch [focused on startups developing crypto and/or blockchain related ventures], while also being able to develop and launch other industry-specific equity crowdfunding portals, in areas such as music, biotech and clean energy,” stated Ajene Watson, CEO of Digital Asset Monetary Network. “By increasing our overall interest in TruCrowd, we’d both protect and help ensure the continued growth of our investment, which has already seen an estimated 15x increase in value. This, while strengthening the infrastructure of the PAI ecosystem, making us a viable platform for startups and everyday people to transact.”
Management believes that as TruCrowd continues to emerge as an industry leader in equity crowdfunding, DATI’s value and position as a market leader in the accelerator and incubator marketplace will simultaneously improve. Likewise, DigitalAMN’s client-companies will likely be able to raise more money, faster and more efficiently; thereby supporting DATI’s revenue model, while building stronger shareholder confidence.
DigitalAMN plans on (i) injecting roughly 2x to 5x more capital into equity crowdfunding during 2019 than in 2017 and 2018 combined, and (ii) provide an array of services to assist with further development of the equity crowdfunding model. Investments may include additional office space, human capital and equity, professional/consulting services, cash for operations and marketing; as well as possibly expanding the portal operator’s relationship with InvestorsHub.com, Inc. and other prominent advertising platforms.
Watson concluded, “When an investment makes a 15x contribution to the increased value of our equity portfolio, which also happens to be of greater value than our entire average market cap (year-to-date), we’d be absolutely foolish not to pay close attention to the Reg. CF market and that investment. Wouldn’t you agree [give us your thoughts on this]?”
“TruCrowd’s estimated enterprise value has grown approximately 3000% since becoming a DigitalAMN equity portfolio company and its portals play an equally important role in the development of DigitalAMN’s PAI ecosystem, as it does to the growing value of our equity portfolio and revenue model. Remember, our client-companies, most of which will ultimately become part of DATI’s equity portfolio, will likely raise their first significant round of capital via equity crowdfunding. Their second, more significant round, could be via a Reg. A+. In both cases, utilizing TruCrowd’s portals. Most important, both capital raises support the client-company’s ability to execute their business plan and pay DigitalAMN for its ongoing services.”
The overall increase in DigitalAMN’s interest in TruCrowd should result in the current investment relationship transitioning into a formal client-company arrangement – aggressively moving TruCrowd through the accelerate phase and into the incubate phase of DigitalAMN’s four-phase process [Accelerate, Incubate, Acquire, Spinout].
For Information on how a single investment surpassed our entire market cap, see: SWEET! – So What Does It Mean?
For Information on The Comparative Analysis, see: THE VALUATION – Arriving At An Enterprise Value for TruCrowd & The Future of PAI
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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For investor and general information, please email info@DigitalAMN.com
ABOUT TruCrowd, Inc. (owner/operator of truCrowd.com)
Located in the heart of the financial district of downtown Chicago, TruCrowd is a FINRA member equity crowdfunding portal operating under Regulation Crowdfunding (Title III of JOBS ACT); connecting startups and emerging businesses with non-accredited and accredited investors. Built on the belief that not all businesses and investors are alike, we pride ourselves on delivering a personalized and professional funding experience through industry-leading technology.
Website: https://us.trucrowd.com/Website: https://www.fundanna.com/
Forward Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking.
Contact: Public Relations Answering Center (718) 285-6378 EXT 401 info@DigitalAMN.com
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