AveragePenny
11 months ago
$DATI DigitalAMN Discusses Strategic Achievements and Initiatives In Key Areas
https://www.accesswire.com/821748/digitalamn-discusses-strategic-achievements-and-initiatives-in-key-areas
NEW YORK, NY / ACCESSWIRE / January 3, 2024 / Digital Asset Monetary Network, Inc. ("DigitalAMN", "DAMN", or "the Company") (OTC PINK:DATI), a diversified investment operating company merging the principles of Value Investing and Social Impact Investing, announces a few updates across its strategic divisions.
DigitalAMN reached a pivotal milestone with the completion of its R&D phase and the approval during Q3 2023 to conduct a $7.5M Regulation D offering. This marks a crucial juncture in the Company's journey towards achieving its goals to fully roll out its PAI® program. Fundraising initiatives have begun with smaller bridge loans from founders and investors, giving management time to curate a highly focused list of accredited investors to participate in the Reg. D offering.
While the Company's business and asset portfolio is expected to grow in 2024 with the full rollout of PAI®, its current portfolio is still a testament to DigitalAMN's strategic vision. 2023 reflected accomplishments across blockchain technology and digital assets. Notably, two development companies in particular; Bullet Blockchain, Inc., and Dot Hip Hop, LLC.
A client-company of DigitalAMN via the Business Management & Administration (BMA) division, Bullet Blockchain has achieved remarkable milestones, particularly in deploying Bitcoin ATMs and advancing its patent strategy. At the close of 2023, Bullet Blockchain announced its anticipation for its Q4 2023 revenue set to exceed $740K, reflecting its growth in Blockchain and the Bitcoin ATM tech space.
Equally impressive is Dot Hip Hop, LLC (".HipHop"), the registry operator for the Generic Top Level Domain ("gTLD"), .HipHop. Under the Company's Digital Asset Management (DAM) division, in partnership with Cahn Enterprises and JJN Solutions, .HipHop demonstrated exponential growth opportunities. By providing domain names and digital identities online, across both traditional Web2 and advancing Web3 blockchain technologies, .HipHop is empowering the entire global culture of Hip Hop, encompassing roughly 2B people.
This growth opportunity was highlighted in .HipHop's brand sponsorship of DJ Kay Slay's ‘Rolling 200 Deep'. Inspired by this project, .HipHop's management opted to begin reserving, registering and/or otherwise protecting the domain names and digital identities of tens of thousands of rap and Hip Hop artists. This endeavor included of course many of the performing artists on the Rolling 200 Deep project, which occurred independent of .HipHop's brand sponsorship. ‘Good will' gestures like this, is not only good business, but aims to help the Hip Hop community preserve its cultural IP, online. This both enhances the cultural prominence of Hip Hop through innovative digital platforms, and sets the course for potentially lucrative, future strategic partnerships to help accelerate the adoption of .HipHop domain names and digital identities, online, via Web2 and Web3 blockchain technologies.
"These developments not only signify DigitalAMN's growth potential, as we hold equity in both Dot Hip Hop, LLC and Bullet Blockchain, Inc, but also our dedication to empowering entrepreneurs and investors," said Ajene Watson, CEO of Digital Asset Monetary Network, Inc. "The slow and steady, but growing success of companies like these, and others, such as AI innovator, WorkDone, reinforces our belief in the business development, investment and services strategies we deploy as a diversified investment operating company-focused on building a robust portfolio of high-value businesses and assets, acquired at fair prices, while empowering everyday people."
DigitalAMN's commitment to intellectual property development continues to enhance its operational strategy as evidenced by trademarks for proprietary programs such as the PAI® and Angels+®. This is also evident in brands, like Coffee Talk®, and those currently being developed by management, like RegABoost. A focus on IP also fuels advancements of the Company's holdings of digital identities and other digital assets.
Lastly, in the past year, DigitalAMN's CEO has supported numerous initiatives, participating in panels, speaking engagements, media appearances and dedicating time to philanthropic initiatives in education and community building. These efforts were aimed at promoting .HipHop digital identities, advocating for economic empowerment and spreading the word about DigitalAMN and the PAI®. Ajene's dedication reflects DigitalAMN's commitment to community empowerment and aligns with the Company's corporate ethos.
Watson concluded, "We're excited about these developments, which represent not just DigitalAMN's growth potential, but also our unwavering dedication to empowering entrepreneurs and investors. Our achievements in assisting our portfolio companies, combined with our broader social advocacy efforts, underscore our holistic approach to building a portfolio of high-value assets, while delivering positive impact to undervalued communities across the country."
For more information about our journey and future endeavors, please visit www.DigitalAMN.com.
Thugmuffin
2 years ago
$DATI DigitalAMN Formalizes Engagement With Melos Venture Limited to Assist With The U.S Expansion of Its Web 3.0 Music Collaboration Platform, Melos StudioPress Release | 05/26/2022
NEW YORK, NY / ACCESSWIRE / May 26, 2022 / Digital Asset Monetary Network, Inc. ("DigitalAMN", "DAMN", or "the Company") (OTC PINK:DATI), a Public Accelerator-Incubator ("PAI"), announced today that Melos Venture Limited, the operator of Melos Studio-a decentralized music studio for Web 3.0 (collectively "Melos"), has engaged the Company's Digital Asset Management ("DAM") division, led by Phu Styles, CEO of BCPR, Inc. ("Blockchain PR"), to assist Melos with the positioning of its brand, products, services and celebrity NFT drops, here in the United States. Beginning with the Dcentral Conference in June [2022], and the upcoming U.S. NFT drops of Method Man and Cappadonna (of legendary rap group Wu-Tang Clan), the Company's DAM division will work closely with Melos to increase its visibility in the U.S. markets. The focus will be to re-drop certain celebrity NFTs initially released on the Melos and Binance marketplaces, on to U.S. accessible marketplaces-such as OpenSea.
"Despite the current volatility in the crypto markets, opportunities in blockchain, crypto, decentralized platforms and the metaverse are seemingly abound," stated Ajene Watson, CEO of Digital Asset Monetary Network. "In working with Melos, we intend to continue participating in the evolution of Web 3.0, in a meaningful way; especially where it concerns the culture of Hip Hop, and/or helping everyday people establish and grow generational wealth."
With over 1M users and quickly growing, Melos Studio is a decentralized Web 3.0, music collaboration platform for music creators and fans. Accessible on the ETH, BSC and FLOW blockchains, Melos offers a unique, create-to-earn, music ecosystem that provides a plethora of tools and features, allowing for the creation of ‘one-of-one' works of art. These unique tools also give fans the ability to collaborate with their favorite artists-taking NFTs to the next level.
Watson continued, "I am also very excited by the future possibilities of seeing .HipHop domains packaged into a variety of different NFT offerings-potentially, such as those offered by Melos Studio. Just imagine… Popular music artists dropping NFTs with their own .HipHop domain names, while giving global Hip Hop fans the opportunity to secure domain names that better represent who they are as a community. This relationship with Melos just makes sense, and I am confident that Phu Styles will do an amazing job with assisting Melos in achieving their U.S. pursuits and global ambitions."
"It's amazing that Melos seems to have a limited U.S. presence, despite already having over one million users," stated Phu Styles, CEO of Blockchain PR, who now also serves as an Advisor to DigitalAMN, as well as the Director of Digital Asset Market Development for the DAM division. "But I am excited to take on the challenge of helping such an incredibly dynamic NFT music platform build that presence. This way, 1M+ more fans can have an opportunity to collaborate with their favorite artists in a way that's fun, unique, and financially rewarding. It also goes without saying, that participating in upcoming U.S. NFT drops from rap artists like Method Man and Cappadonna, is very exciting; especially considering our connection with .HipHop. I believe Melos Studio really has a lot of global potential and will be extremely successful with their U.S. endeavors."
Yalu Lin, Co-Founder and CEO of Melos Venture Limited stated, "Since launching in November of 2021, Melos Studio has onboarded more than 1,100 indie and emerging artists, from over 60+ countries worldwide. Melos hosts events in the metaverse, along with their own discord sever, for conversations between fans, patrons and their favorite artists. Melos is also backed by Binance Labs, Dapper Labs, NGC Ventures, Innovion Corporation and CryptoPhD. We are excited to work with DigitalAMN to bring more great artists to the Web 3.0 environment and accelerate collaborations between talents."
About Melos Studio
Melos, a decentralized music studio for Web 3.0, is a revolutionary NFT platform that allows fans to co-create with their favorite artists. Imagine being able to curate with your friends a one-of-one mixtape with Method Man or any of the other artists on the Melos platform. This rare collaboration can now be brought with you into the metaverse or shared as your own personal soundtrack. Utilities such as remixes by the artist on top of your creation, art, merch, and access are just the tip of the iceberg.
Website: https://www.melos.studio
Email: info@melos.studio
Twitter: https://twitter.com/melos_studio
Telegram: http://t.me/melosstudiodao
Discord: https://discord.gg/melos
Medium: https://blog.melos.studio
Youtube: https://www.youtube.com/c/MelosStudio
ABOUT Blockchain PR
Blockchain PR is a full-service agency, specializing in community driven PR and marketing for Web3, Blockchain, NFTs, P2E, Metaverses, IDO's, and Gaming. Established in 2017 by the renowned Top 100 Blockchain Influencer, Phu Styles, Blockchain PR provides its clients with a full breadth of creativity, energy, and experience, with the goal of bringing mass adoption to the Web 3.0 space. Surrounded by a team of seasoned professionals, Blockchain PR assists its clients with all facets of crypto-related communications and is always ready to accommodate the next big project which could continue to change the world.
Website: https://blockchainpr.io/.
LinkedIn: https://www.linkedin.com/in/phustyles
Twitter: https://twitter.com/phustyles?lang=en
ABOUT Digital Asset Monetary Network, Inc.
Digital Asset Monetary Network, Inc. (OTCMKTS: DATI) uses the Public Accelerator-Incubator (PAI) model with the intention of following 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.
Twitter: https://twitter.com/OTC_DATI
LinkedIn: https://www.linkedin.com/company/digitalamn/
Instagram:https://www.instagram.com/digitalamn/
Facebook:https://www.facebook.com/DigitalAssetMonetaryNetwork/
For investor and general information, please email info@DigitalAMN.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. No information in this press release should be construed as any indication whatsoever of our future revenues, stock price, or results of operations, including with respect to the Company's interest in the gTLD .HipHop or its relationship with Melos.
Contact:
Public Relations Answering Center
(718) 285-6378 EXT 401
info@DigitalAMN.com
SOURCE: Digital Asset Monetary Network, Inc.
View source version on accesswire.com:
https://www.accesswire.com/702825/DigitalAMN-Formalizes-Engagement-With-Melos-Venture-Limited-to-Assist-With-The-US-Expansion-of-Its-Web-30-Music-Collaboration-Platform-Melos-Studio
AskMuncher
3 years ago
$DATI DigitalAMN Extinguishes Close to 45% of Remaining Convertible Notes
Press Release | 01/27/2022
NEW YORK, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Digital Asset Monetary Network, Inc. (“DigitalAMN” or the “Company”) (OTCMKTS: DATI), a Public Accelerator-Incubator (“PAI”), announced today, that DigitalAMN kicked off the year by eliminating roughly 45% ($387,000) of the Company’s remaining convertible debt. This equates to an overall debt reduction of approximately 20%.
“As of now, we have $483,933 of convertible debt remaining, all fixed at a minimum conversion price of $0.35 (the “Floor Price”),” stated Ajene Watson, CEO of Digital Asset Monetary Network. “Creating an environment conducive to a substantive capital raise has long been the goal of reducing the Company’s debt and implementing methods that would stave off toxic dilution. And now that all the key operational elements are in place to support the Company’s capital raise, we’ll look to raise money in a way that supports the long-term confidence and longevity of our shareholders.”
Bringing the current debt reduction into view, as of the 3rd QT of 2021, the Company’s principal debt obligations totaled $1,968,393, roughly 44% ($870,933) of which was attributed to convertible debt, all adhering to the Floor Price. After extinguishing $387,000 of convertible debt, going into the 4th QT of 2021, the Company was left with $1.6M+ in total debt, with $483,933 of it being convertible debt adhering to the Floor Price. Roughly 49% of this convertible debt is held by the Company’s insiders and/or its management team. Further, nearly 70% ($1.1M+) of the remaining $1.6M+ of total debt is classified as non-convertible debt. Roughly 53% of this non-convertible debt is also held by the Company’s insiders and/or its management team.
Watson concluded, “As we continue to execute on our business model, we will be intently focused on raising long-term, non-toxic capital. We believe that the Company is well situated to do so, as our cap table and current debt obligations (both in amount and the minimal dilutive impact), speak to DigitalAMN’s core values, discipline and long-term viability.”
During the 4th QT of 2021, DigitalAMN received capital infusions to assist with the Company’s investment obligations to Dot Hip Hop, LLC, which acquired the rights to the Generic Top Level Domain (gTLD)—.hiphop. This money was raised in the form of non-convertible notes, with most of the investment once again coming from the Company’s insiders and/or its management team.
For more information, please visit www.DigitalAMN.com.
ABOUT Digital Asset Monetary Network, Inc.
Digital Asset Monetary Network, Inc. (OTCMKTS: DATI) uses the Public Accelerator-Incubator (PAI) model with the intention of following 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.
Twitter: https://twitter.com/OTC_DATI
LinkedIn: https://www.linkedin.com/company/digitalamn/
Instagram: https://www.instagram.com/digitalamn/
Facebook: https://www.facebook.com/DigitalAssetMonetaryNetwork/
For investor and general information, please email info@DigitalAMN.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. No information in this press release should be construed as any indication whatsoever of our future revenues, stock price, results of operations, or whether the Company will have a successful capital raise.
Further, final transfer and assignment of the .hiphop gTLD referenced above, is subject to ICANN’s consent; as such, no information contained herein should be construed as any indication that the acquisition of the gTLD by Dot Hip Hop, LLC discussed is complete or final.
Contact:
Public Relations Answering Center
(718) 285-6378 EXT 401
info@DigitalAMN.com
AskMuncher
3 years ago
$DATI DigitalAMN Announces Partners in Dot Hip Hop, LLC – Pioneers in the Domain Name Industry
Press Release | 01/12/2022
NEW YORK, Jan. 12, 2022 (GLOBE NEWSWIRE) -- Digital Asset Monetary Network, Inc. (“DigitalAMN”, “DAMN”, or the “Company”) (OTCMKTS: DATI), a Public Accelerator-Incubator (“PAI”), announced today, that its partners in Dot Hip Hop, LLC, include Cahn Enterprises Inc., and JJN Solutions, LLC, each lead by successful veteran pioneers in the domain name industry, Monte Cahn and Jeff Neuman, respectively.
Dot Hip Hop, LLC (“Dot Hip Hop”) was launched to acquire and serve as the registry operator for the Generic Top Level Domain (“gTLD”) .hiphop. Dot Hip Hop looks to support the continuously expanding socio-economic footprint of the Hip Hop culture. It will provide a domain extension, and industry leading digital assets, products and services, which identify with the art, music, and culture, while advancing the community’s digital and technological access.
Ajene Watson, CEO of DigitalAMN stated, “As a child of the culture, who is a native of its birthplace, and shares its birth date, having the ability to participate in such a venture is both exciting and humbling. This is an amazing opportunity for DigitalAMN and I am grateful to Messrs. Cahn and Neuman, for their gracious generosity in inviting DigitalAMN to participate in this venture.”
Cahn and Neuman collectively have over 50 years of success and experience in the Domain Name and Internet marketplace.
Mr. Monte Cahn
Currently the President/Director of RightOfTheDot, LLC (a subsidiary of Cahn Enterprises), Mr. Monte Cahn has sold close to $600M in domain names, virtual real-estate, and digital assets. With a tenure of 25+ years in the domain name marketplace, Mr. Cahn is an experienced and recognizable player in the field. He has pioneered the domain name aftermarket, where domain names are traded, bought and sold. He has also created the first domain live and online auction platform, developed ‘whois’ privacy, and escrow/appraisal services.
As the founder and former CEO of an ICANN Accredited Registrar, Moniker.com, the former President of SnapNames.com and the former Sr. VP of DomainSponsor.com, Mr. Cahn specializes in premium domain names and digital asset sales, brokerage, consulting, and auctions.
Monte Cahn commented, “Not only is Hip Hop music the most listened to and most popular genre in the world, but Hip Hop fashion, Hip Hop art, Hip Hop style, the culture’s poetry and entertainment, all continue to grow in popularity each and every year. I believe .hiphop to be a really valuable digital asset for creative artists, song writers, producers, dancers, fashion designers, and the culture as a whole. Having a top level domain name like .hiphop will provide the opportunity for tens of millions of individuals, small, medium, and large businesses, with the online digital branding solutions to meet the needs of this entire worldwide community. I am so excited to be a part of this movement and to work with this incredible team to help enhance the global Hip Hop community!”
(Monte Cahn announced launch of Dot Hip Hop)
Jeffrey Neuman,
Jeff Neuman, Founder and CEO of JJN Solutions, is a distinguished Internet, IP and Entertainment Attorney, who has been actively involved in the domain name industry for nearly 25 years. Mr. Neuman built and administered the .biz and .us TLDs for Neustar, Inc, where he spent 15 years as a Vice President. At Neustar (whose registry business was acquired by GoDaddy), Neuman was initially responsible for overseeing all legal and policy aspects of its Enterprise Services Division; later leading the domain name registry business during the largest expansion of the Internet domain name space.
Mr. Neuman was also involved in the original creation of ICANN, the development of the Uniform Dispute Resolution Policy (UDRP) and has chaired several Working Groups and committees within the ICANN Community. These include (but are not limited to) those involving the administration, operation, and implementation of gTLD Registries and Registrars. Before forming JJN Solutions, Mr. Neuman served as an executive at Com Laude, one of the leading corporate domain name registrars, responsible for oversight of its North American business.
Jeff Neuman added, “It is an honor to participate in the stewardship of the .hiphop TLD. I take this responsibility seriously and will work every day to ensure that those in the Hip Hop community that might have been ignored by the domain name industry, have a place to call home. Dot Hip Hop brings together my deep passion for the arts, entertainment and theater, while providing underserved communities with meaningful outlets for expression on the Internet.”
Also Joining the Dot Hip Hop Team
Mr. Scott Pruitt of RightOfTheDot, also joins the team as its Director of Marketing. Scott has worked with Monte Cahn for several years, promoting RightOfTheDot’s live and online digital asset auctions and brings 9 years of domain registrar marketing experience, having worked for Web.com and NameJet.
Mr. Pruitt stated, “We’re all extremely excited to be participating this new venture. Public awareness of alternative top level domains continues to grow and .hiphop has the potential to grow steadily, as loyal Hip Hop fans line up to claim .hiphop addresses of their own. With the Hip Hop community demonstrating massive global purchasing power, the value of .hiphop domains cannot be overstated.”
Watson concluded, “With partners and contributors like Monte, Jeff and Scott, I am fully confident in the success of Dot Hip Hop and the .hiphop gTLD. These gentlemen have unquestionable track records and achievements. With that high-quality level of support and leadership, I am confident that Dot Hip Hop will help DigitalAMN meet its mission to help everyday people establish and grow transferable wealth.”
“So, I look forward to working with fellow ‘thought leaders,’ artists, entertainers, designers, business leaders and the Icons of Hip Hop, to help make that happen—bringing the opportunities of .hiphop to the Hip Hop community.”
ABOUT Cahn Enterprises, Inc.
Cahn Enterprises is the parent company of RightOfTheDot. Led by Domain Industry Pioneer Monte Cahn, RightOfTheDot is an accredited and licensed digital asset and domain name brokerage and auction business, Internet consulting and advisement firm specializing in premium domain names, digital assets and NFT auctions, sales, brokerage in new and existing Top Level Domains and digital real estate. RightOfTheDot also specializes in Contention Resolution Services involving same or similar digital assets, board advisement, premium domain market positioning, sales and services. Monte was Founder and former CEO of Moniker.com, former President of SnapNames.com and former Sr. VP of DomainSponsor.com. Monte Cahn and RightOfTheDot have been involved in more than 1000 live and online auctions and $560 MM in domain names, digital real estate, and asset sales since 1997.
ABOUT JJN Solutions, Inc.
JJN Solutions has been involved with Internet governance issues since the mid-1990s and the formation of Internet. It’s CEO & Founder, Jeff Neuman, has been involved with domain name registries and registrars since competition was introduced into the market by the Internet Corporation for Assigned Names and Numbers (ICANN). He was instrumental on the establishment of all legal rights protections for the domain name industry, including the Uniform Dispute Resolution Process (UDRP), Uniform Rapid Suspension (URS), and various Restrictions Dispute Resolution Policies. Focused on Internet, Infrastructure and Intellectual Property, JJN Solutions offers comprehensive legal and policy services including: Online brand protection, Domain Name Management, Enforcement and Disputes, Entertainment Law, Internet Infrastructure licensing transactions, Trademark and Copyright Protection, M&A corporate / IP, Transactions and Due Diligence, Internet Governance, Privacy, Cybersecurity, Top-Level Domain Management, and Other legal and policy services to get your brand up and running online.
ABOUT Digital Asset Monetary Network, Inc.
Digital Asset Monetary Network, Inc. (OTCMKTS: DATI) uses the Public Accelerator-Incubator (PAI) model with the intention of following 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.
Twitter: https://twitter.com/OTC_DATI
LinkedIn: https://www.linkedin.com/company/digitalamn/
Instagram: https://www.instagram.com/digitalamn/
Facebook: https://www.facebook.com/DigitalAssetMonetaryNetwork/
For investor and general information, please email info@DigitalAMN.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. No information in this press release should be construed as any indication whatsoever of our future revenues, stock price, or results of operations, including with respect to the gTLD discussed herein.
Further, final transfer and assignment of the .hiphop gTLD referenced above, is subject to ICANN’s consent; as such, no information contained herein should be construed as any indication that the acquisition of the gTLD by Dot Hip Hop, LLC discussed is complete or final.
Contact:
Public Relations Answering Center
(718) 285-6378 EXT 401
info@DigitalAMN.com
AskMuncher
3 years ago
$DATI DigitalAMN Provides Insights on Third Quarter 2021 Disclosures and Operational Updates
Press Release | 11/23/2021
NEW YORK, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Digital Asset Monetary Network, Inc. (“DigitalAMN”, “DAMN”, or the “Company”) (OTCMKTS: DATI), a Public Accelerator-Incubator (“PAI”), updates its shareholders on the Company’s recently filed 3rd QT Disclosures.
Management believes that the Disclosures filed for this past quarter, which ended September 30th, 2021, reflect a continued effort to grow the Company at a steady pace.
Revenues increased 180% to $224,301 for the nine months ended September 30, 2021, as compared to $110,000 during the same period in 2020.
Losses from operations decreased 67% to $274,566 for the nine months ended September 30, 2021, as compared to $830,864 during the corresponding 2020 period.
Net losses reflected $518,221 for the nine months ended September 30, 2021. This is a decrease of $412,095, or 44%, from the nine months ended September 30, 2020, where net losses were $930,316.
Total Assets reflected a modest increase of 14% from $1,752,289 for the nine months ended September 30, 2020, to $1,989,567 for the same period ended 2021.
This quarter, another $276,200 in convertible and other legacy debt was extinguished, reflecting a total of $673,762 of convertible and other legacy debts being extinguished during the nine months ended September 30, 2021.
The Company also had the opportunity to participate in the global DNS (Domain Name System) ecosystem through the acquisition of a TLD (or “gTLD” (generic Top-Level-Domain)). The Company has completed a series of agreements and has established invaluable relationships with experienced Domain Name industry professionals to develop the acquired gTLD. As is the case with all gTLDs, the final transfer and assignment of this gTLD is subject to obtaining consent from the Internet Corporation for Assigned Names and Numbers (ICANN). Management will disclose the name of the gTLD acquired by the Company and its partners, once ICANN grants consent to complete the transfer and assignment.
In addition, management will continue streamlining the onboarding process, building its eLearning solution and proving-out the market-acceleration service model of the PAI Program. Likewise, DigitalAMN will also look to make incremental investments into those companies and persons supporting the PAI Ecosystem, while expanding the Company’s interest in the equity crowdfunding portal operator space.
Lastly, as 2021 comes to a close and the ‘metaverse’ begins to take shape, management will look to finalize pending opportunities in the blockchain and crypto markets, which will support the PAI Ecosystem and DigitalAMN’s contemplated business divisions.
For more information, please visit www.DigitalAMN.com.
ABOUT Digital Asset Monetary Network, Inc.
Digital Asset Monetary Network, Inc. (OTCMKTS: DATI) uses the Public Accelerator-Incubator (PAI) model with the intention of following 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.
Twitter: https://twitter.com/OTC_DATI
LinkedIn: https://www.linkedin.com/company/digitalamn/
Instagram: https://www.instagram.com/digitalamn/
Facebook: https://www.facebook.com/DigitalAssetMonetaryNetwork/
For investor and general information, please email info@DigitalAMN.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. No information in this press release should be construed as any indication whatsoever of our future revenues, stock price, or results of operations, including with respect to the acquisition of the gTLD discussed herein.
Further, final transfer and assignment of the above referenced gTLD is subject to ICANN’s consent; as such, no information contained herein should be construed as any indication that the acquisition of the gTLD discussed is complete or final.
Lastly, any industry data presented herein is for illustrative purposes only and should not be construed as any indication whatsoever of the Company’s future performance.
Contact:
Public Relations Answering Center
(718) 285-6378 EXT 401
info@DigitalAMN.com
AveragePenny
3 years ago
$DATI DigitalAMN Aligns With Domain Industry Experts to Secure TLD—Growing Digital Asset Holdings
https://www.globenewswire.com/news-release/2021/10/28/2322602/0/en/DigitalAMN-Aligns-With-Domain-Industry-Experts-to-Secure-TLD-Growing-Digital-Asset-Holdings.html
NEW YORK, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Digital Asset Monetary Network, Inc. (“DigitalAMN”, “DAMN”, or the “Company”) (OTCMKTS: DATI), a Public Accelerator-Incubator (“PAI”), announced today, that the Company has acquired a TLD (or “gTLD” (generic Top-Level-Domain)) in partnership with two experts in the Domain Name industry, to participate in the global DNS (Domain Name System) ecosystem.
According to the MIT Computer Science & Artificial Intelligence Lab, the global DNS ecosystem is estimated to generate roughly $8 Billion annually, and is comprised of TLDs, including well-known generic extensions, such as .com, .org, .net, .biz and .club. There are currently over 1,100 gTLDs. However, only a handful rise to a position prominent enough to be sought after in significantly sized acquisitions, such as GoDaddy’s purchase of .club—part of a $120M acquisition package.
The gTLD acquired by DigitalAMN was originally slated to be part of an auction recently conducted by a large retail registry and was mistakenly listed with the registry’s available inventory for auction. However, the Company and its domain industry partners were able to secure this digital asset completely outside of that auction.
As is the case with all gTLDs, the final transfer and assignment of this gTLD to the Company and its domain industry partners, is subject to obtaining consent from the Internet Corporation for Assignment of Names and Numbers (ICANN). Management will formally disclose the gTLD name once the Company receives consent from ICANN to complete the transfer and assignment.
“We believe this venture continues to support our ethos and mantra,” stated Ajene Watson, CEO of DigitalAMN. “Especially given the name of this gTLD, what it may represent culturally to a multi-billion-dollar global marketplace, and the anticipated financial literacy initiatives that could potentially be born from it.”
“The value proposition for DigitalAMN in acquiring this digital asset is further enhanced by one of our partner’s extensive experience in launching a number of other profitable TLDs. In addition, our partners are well-known domain industry pioneers in secondary market TLD services, which is estimated to generate roughly $2B annually. And lastly, we will look to introduce new digital capabilities into the traditional TLD system. This should give our gTLD the ability to offer new value-added services, leveraging the newest technologies incorporated in digital wallets and crypto currencies.”
Management indicated that even with all the excitement around this new digital asset, the Company will continue with a slow and steady pace into 2022. However, management will include this gTLD venture in its ongoing fund-raising initiatives, which supports the possible launch of operating divisions.
Watson concluded, “In our second quarter update, we indicated our interest and intent ‘to make additional acquisitions of various digital assets to help grow the DAMN portfolio—with several digital assets already targeted.’ We believe that aligning with domain industry experts to take possession of this particular digital asset [gTLD], could potentially increase DigitalAMN’s visibility, grow our digital footprint, become an additional source of revenue and attract a wider breadth of investor interest.”
“We are very excited about this gTLD for both its potential asset and revenue values, as well as its potential to drive the emergence of other business ventures.”
AskMuncher
3 years ago
$DATI DigitalAMN Provides Insights On Second Quarter Disclosures for 2021 And Operational Updates
Press Release | 08/25/2021
NEW YORK, Aug. 25, 2021 (GLOBE NEWSWIRE) -- Digital Asset Monetary Network, Inc. (“DigitalAMN”, “DAMN”, or the “Company”) (OTCMKTS: DATI), a Public Accelerator-Incubator (“PAI”), today updates its shareholders on the Company’s recently filed 2nd QT Disclosures.
Management believes that the Disclosures filed for this past quarter, which ended June 30th, 2021, reflect a continued effort to grow the Company at a steady pace.
Revenues reported in the 2nd QT 2021 were $145,000. This is a $145,000 increase from the same period of 2020, where the Company reported no revenue. This increase is partly attributed to revenues derived from ‘Service Clients’—such as the bitcoin mining company, Bullet Blockchain.
Assets increased by 21.13% to $1,983,538 for the second quarter, as compared to $1,637,483, which was reported for the second quarter of 2020. This increase is partly attributed to continued investments into companies/partners such as the private deal club, Goldfingr, which is a component of the PAI Ecosystem.
Losses from operations decreased by approximately 72.27% to $213,194, as compared to $768,887 reported for the corresponding quarter last year. This was primarily the result of increased revenue and a significant decrease in professional services costs. It should be noted however, that administrative costs reported in the 2nd QT of 2021 were greater than that in the corresponding period of 2020, and there has recently been new professional engagements which may likely continually increase professional services costs by year-end 2021. These engagements include but are not limited to, the appointment of the PAI Program’s market-acceleration program director, an investor relations manager and an UX/Instructional Designer that has been commissioned to assist DigitalAMN with building an eLearning solution for the PAI Program.
Total Current Liabilities were $1,712,060, a decrease of roughly 29.23% from $2,419,349 reported for the second quarter of 2020. This decrease in current liabilities was primarily derived from a decrease in the current notes payable, which reflected a reduction of approximately 55.51%; down from $2,834,882 reported for the second quarter in 2020 to $745,840 in this corresponding quarter of 2021. This is in part due to the Company’s debt reduction programs, as well as repaying debt holders with a combination of cash and/or converting long-term-held debt into common stock of the Company.
The Company raised a total of $218,500 during the second quarter of 2021 in non-convertible debt—contributing to the Company’s 2021 capital needs of approximately $2,000,000.
The Company intends to continue with a slow and steady pace into 2022, raising capital along the way to meet its needs for the next 18 months. Management intends to leverage the JOBS Act as part of its fund-raising initiative and will continue to focus on non-convertible notes, or any fund-raising methods that adhere to the Company’s floor price.
Management will also pay close attention to the broader development of the PAI Ecosystem—remaining hyper focused on streamlining the onboarding process, building its eLearning solution and proving-out the market-acceleration services model. This will support management’s interest to continue aligning the PAI Ecosystem with other Entrepreneur Support Organizations (ESO’s), along with those organizations that support ESO’s.
DigitalAMN will continue making incremental investments into those companies supporting the PAI Ecosystem (as well as eliminating laggards), while also looking at expanding the Company’s interest in the equity crowdfunding portal operator space. This, by aligning with other additional equity crowdfunding portals through either investment and/or collaboration. Lastly, during the remainder of 2021, contingent upon our diligence and adequate funding, management seeks to make additional acquisitions of various digital assets to help grow the DAMN portfolio—with several digital assets already targeted.
ABOUT Digital Asset Monetary Network, Inc.
Digital Asset Monetary Network, Inc. (OTCMKTS: DATI) uses the Public Accelerator-Incubator (PAI) model with the intention of following 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.
Twitter: https://twitter.com/OTC_DATI
LinkedIn: https://www.linkedin.com/company/digitalamn/
Instagram: https://www.instagram.com/digitalamn/
Facebook: https://www.facebook.com/DigitalAssetMonetaryNetwork/
For investor and general information, please email info@DigitalAMN.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. No information in this press release should be construed as any indication whatsoever of our future revenues, stock price, or results of operations.
Contact:
Public Relations Answering Center
(718) 285-6378 EXT 401
info@DigitalAMN.com
AveragePenny
3 years ago
$DATI DigitalAMN Provides Insights On Second Quarter Disclosures for 2021 And Operational Updates
https://www.globenewswire.com/news-release/2021/08/25/2286338/0/en/DigitalAMN-Provides-Insights-On-Second-Quarter-Disclosures-for-2021-And-Operational-Updates.html
NEW YORK, Aug. 25, 2021 (GLOBE NEWSWIRE) -- Digital Asset Monetary Network, Inc. (“DigitalAMN”, “DAMN”, or the “Company”) (OTCMKTS: DATI), a Public Accelerator-Incubator (“PAI”), today updates its shareholders on the Company’s recently filed 2nd QT Disclosures.
Management believes that the Disclosures filed for this past quarter, which ended June 30th, 2021, reflect a continued effort to grow the Company at a steady pace.
Revenues reported in the 2nd QT 2021 were $145,000. This is a $145,000 increase from the same period of 2020, where the Company reported no revenue. This increase is partly attributed to revenues derived from ‘Service Clients’—such as the bitcoin mining company, Bullet Blockchain.
Assets increased by 21.13% to $1,983,538 for the second quarter, as compared to $1,637,483, which was reported for the second quarter of 2020. This increase is partly attributed to continued investments into companies/partners such as the private deal club, Goldfingr, which is a component of the PAI Ecosystem.
Losses from operations decreased by approximately 72.27% to $213,194, as compared to $768,887 reported for the corresponding quarter last year. This was primarily the result of increased revenue and a significant decrease in professional services costs. It should be noted however, that administrative costs reported in the 2nd QT of 2021 were greater than that in the corresponding period of 2020, and there has recently been new professional engagements which may likely continually increase professional services costs by year-end 2021. These engagements include but are not limited to, the appointment of the PAI Program’s market-acceleration program director, an investor relations manager and an UX/Instructional Designer that has been commissioned to assist DigitalAMN with building an eLearning solution for the PAI Program.
Total Current Liabilities were $1,712,060, a decrease of roughly 29.23% from $2,419,349 reported for the second quarter of 2020. This decrease in current liabilities was primarily derived from a decrease in the current notes payable, which reflected a reduction of approximately 55.51%; down from $2,834,882 reported for the second quarter in 2020 to $745,840 in this corresponding quarter of 2021. This is in part due to the Company’s debt reduction programs, as well as repaying debt holders with a combination of cash and/or converting long-term-held debt into common stock of the Company.
The Company raised a total of $218,500 during the second quarter of 2021 in non-convertible debt—contributing to the Company’s 2021 capital needs of approximately $2,000,000.
The Company intends to continue with a slow and steady pace into 2022, raising capital along the way to meet its needs for the next 18 months. Management intends to leverage the JOBS Act as part of its fund-raising initiative and will continue to focus on non-convertible notes, or any fund-raising methods that adhere to the Company’s floor price.
Management will also pay close attention to the broader development of the PAI Ecosystem—remaining hyper focused on streamlining the onboarding process, building its eLearning solution and proving-out the market-acceleration services model. This will support management’s interest to continue aligning the PAI Ecosystem with other Entrepreneur Support Organizations (ESO’s), along with those organizations that support ESO’s.
DigitalAMN will continue making incremental investments into those companies supporting the PAI Ecosystem (as well as eliminating laggards), while also looking at expanding the Company’s interest in the equity crowdfunding portal operator space. This, by aligning with other additional equity crowdfunding portals through either investment and/or collaboration. Lastly, during the remainder of 2021, contingent upon our diligence and adequate funding, management seeks to make additional acquisitions of various digital assets to help grow the DAMN portfolio—with several digital assets already targeted.
AveragePenny
3 years ago
$DATI Bullet Blockchain Finalizing Negotiations in Merger With U.S. Public Company
https://www.accesswire.com/659396/Bullet-Blockchain-Finalizing-Negotiations-in-Merger-With-US-Public-Company
After Taking Possession of the First 3,500 ASIC Miners and a Capacity of 200 Megawatts for 6,000 Petahash Over the Next 12 Months, Bullet Fast-Tracks Reverse Merger
CORK, IRELAND / ACCESSWIRE / August 11, 2021 / Bullet Blockchain LTD ('Bullet' or the 'Company'), a turnkey crypto mining operation focused on efficiency, stability, transparency and scalability, announced today, that as of July 29th, 2021, the Company has fast-tracked its reverse merger negotiations to enter the U.S. public marketplace.
Management indicated that with the assistance of the Public Accelerator-Incubator, Digital Asset Monetary Network, Inc. ('DigitalAMN'), over the past few months, Bullet Blockchain has been working diligently to initiate a possible reverse merger with an alternative reporting, OTC Markets pink sheet company. Negotiations had persisted at a steady pace as both Bullet and the merger target had some housekeeping to tend to. However, now that the Company has met expectations-taking possession of 3,500 ASIC Miners to solidify its initial bitcoin mining operations-management believes that the Company can quickly complete the merger and Bullet can responsibly enter the U.S. marketplace.
A primary focus of the targeted merger is the care given to how the public entity will ultimately be restructured. While it's often customary for there to be a reorganization of the capitalization table (i.e. reverse stock splits, increase to authorized shares, etc.), protecting existing shareholders, during and after a restructuring of the ‘cap table', is of the utmost importance to DigitalAMN and Bullet's management. This is particularly true as the intent is to continuously build shareholder confidence through operating a successful business and delivering on the Company's long-term value proposition.
The bitcoin mining marketplace has really taken shape and Bullet is eager to participate-bringing its brand, business model and grander vision to both the crypto mining industry and Bullet's future shareholders. Management is confident that with the support of Bullet‘s infrustrucre partners, the Company has created an environment where Bullet's ability to be extremely competitive appears evident. Bullet's energy costs are less than half (½) the amount that many of its known bitcoin mining competitors are currently spending, and its first year buildout capacity is at 200 megawatts for a hash rate capacity of 6,000 petahash. And this is just a sampling of the competive advantages that should help to make the Company a market leader as Bullet Blockchain emerges as a U.S. public company through its targeted merger.
Management is confident that a reverse merger into the U.S. public company will be finalized in August 2021.
For more information, please visit https://bulletblockchain.com/.
AveragePenny
3 years ago
$DATI Bullet Blockchain Takes Possession of Miners, Increases Capacity and Remains on Target to Meet 3rd Quarter Expectations
https://finance.yahoo.com/news/bullet-blockchain-takes-possession-miners-110300655.html
Mon, August 2, 2021, 7:03 AM·3 min read
Bullet Secured 3,500 ASIC Miners in July As Anticipated; Exceeding Expectations with an Increased Capacity Totaling 200 Megawatts for 6,000 Petahash Over the Next 12 Months
CORK, REPUBLIC OF IRELAND / ACCESSWIRE / August 2, 2021 / Bullet Blockchain LTD ("Bullet" or the "Company"), a turnkey crypto mining operation focused on efficiency, stability, transparency and scalability, announced today, that as of July 29th, 2021, the Company took possession of 3,500 ASIC Miners-solidifying its bitcoin mining operations. Further, through Bullet's infrastructure partners, management increased its ‘year-one' anticipated buildout capacity up to a 200 megawatt facility (vs. the 100 megawatts that were originally anticipated), for a hash rate capacity of 6,000 petahash.
In a previous press release, the Company announced that management anticipated securing 3,500 next generation ASIC miners by July 2021, and launching its bitcoin mining operations during the 3rd QT of 2021. Management is happy to have met its initial expectations of securing the bitcoin miners timely-equally as pleased that the Company will begin its bitcoin mining operations on schedule, and excited to have exceeded capacity expectations by adding an additional 100 megawatts to the 12-month buildout plan of the facility, for nearly 2.3x more petahash.
Management continues to assert that Bullet is a well-capitalized upstart in the crypto mining space, with a large part of its value and viability being, that the Company is well insulated within the ecosystem created by its infrastructure partners. Management believes that it is this relationship that will help support a successful entry into the U.S. Public Markets.
Management has indicated, that with the assistance of the Public Accelerator-Incubator, Digital Asset Monetary Network, Inc. ("DigitalAMN"), the attention has now turned toward completing a merger with a U.S. publicly traded company trading via the OTC Markets. Management believes that DigitalAMN's efforts will yield the intended results, completing Bullet's contemplated merger within the next 90 days.
For more information, please visit https://bulletblockchain.com/.
AskMuncher
3 years ago
$DATI DigitalAMN Reminds Shareholders of Upcoming Conference Call – Wednesday, June 30th at 4:30 p.m. EDT
Press Release | 06/30/2021
NEW YORK, June 30, 2021 (GLOBE NEWSWIRE) -- Digital Asset Monetary Network, Inc. (“DigitalAMN” or the “Company”) (OTCMKTS: DATI), a Public Accelerator-Incubator (“PAI”), reminds its shareholders that today (Wednesday, June 30), the Company is hosting its first shareholder conference call at 4:30 p.m. EDT.
The call will be hosted and moderated by Miguel Sanchez.
Ajene Watson, CEO of DigitalAMN, will be speaking.
The agenda will be as follows:
Introduction & Welcome Message
Brief discussion about the journey of PAI
Description of the business model
Company’s current market position
Company’s outlook and projections
Q&A (questions can be asked live or sent in advance to info@digitalamn.com)
The call will be live-streamed at 4:30 p.m. (EDT), here: https://bit.ly/3h8qtKK
As previously announced, over the past several months, the Company’s CEO has spoken with a number of shareholders, determining that in order to assist the markets with better understanding the Company’s mission, operations, and opportunities, it is important to speak directly to the marketplace through a series of conference calls and other shareholder events. As indicated, this call will include operational updates and an outlook for the next 18 months, the recent mission to extinguish convertible debt, the Company’s participation in an international business platform for crowdfunding and financial services, acquisitions, mergers, new business developments, and what it all means when weaved together.
Ajene Watson, CEO of DigitalAMN, stated: “It is crucial that our current and future shareholders truly understand what the PAI Ecosystem is and the socioeconomic value it could bring to ‘everyday’ people—entrepreneurs and investors, alike. Most important, while doing this, DigitalAMN can generate short-term revenue, cultivate potential long-term revenue opportunities, and potentially build an equity portfolio that contributes to a growing asset value.”
As noted above, the conference call will be hosted and moderated by Miguel Sanchez, co-founder of MetaBronx, Inc., a diversity-focused accelerator in NYC, who is focused on accelerating undervalued entrepreneurs, while mentoring youth in business and technology. Mr. Sanchez is also the CEO of Mass Ideation, Inc. Through an alliance with Mass Ideation, Mr. Sanchez has contributed to the development of the PAI Program and acts as the operations director for the ‘Market-Acceleration’ aspect of the program and the PAI Ecosystem.
Mr. Watson concluded, “I look forward to making our first presentation to DigitalAMN’s long-time supporters and future shareholders. See you all at 4:30 this afternoon.”
ABOUT Digital Asset Monetary Network, Inc.
Digital Asset Monetary Network, Inc. (OTCMKTS: DATI) uses 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.
Twitter: https://twitter.com/OTC_DATI
LinkedIn: https://www.linkedin.com/company/digitalamn/
Instagram: https://www.instagram.com/digitalamn/
Facebook: https://www.facebook.com/DigitalAssetMonetaryNetwork/
Need More Caffeine? Register for Coffee Talk
For investor and general information, please email info@DigitalAMN.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. No information in this press release or in the upcoming shareholder conference call should be construed as any indication whatsoever of our future revenues, stock price, or results of operations.
Contact:
Public Relations Answering Center
(718) 285-6378 EXT 401
info@DigitalAMN.com
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