DMG Blockchain Solutions Inc. (TSX-V: DMGI) (DMGGF: OTCQB US)
(FRANKFURT:6AX) (“
DMG” or the
“
Company”), a vertically integrated blockchain and
cryptocurrency technology company, today announces that it has
retained CORE IR (“
CORE IR”), a leading investor
relations, public relations and strategic advisory firm, to assist
the Company with investor relations, public relations and
shareholder communications services. The Company also announces its
participation in the Crypto/Blockchain panel on March 16th at 11:00
am ET during the 33rd Annual Roth Conference, which is being
held virtually on March 15-17, 2021.
CORE IR will focus on expanding market awareness
for DMG and conveying the Company’s business model and growth
strategies to the institutional and retail investment communities.
CORE IR, a U.S.-based boutique investor and public relations
strategic advisory firm, specializes in leveraging the most
effective investment, growth, and exposure strategies for small to
mid-sized companies through an integrated approach to relationship
development and corporate communications.
The marketing and investor relations agreement
with CORE IR has an initial term of twelve months from the date of
TSX Venture Exchange (“TSXV”) approval and may be
renewed by the parties in accordance with the agreement. CORE IR
will be paid a monthly fee of US$15,000 and will be granted stock
options to acquire up to 200,000 common shares of DMG at a price of
CAD$3.00 per share for a period of two years, vesting in stages
over a period of 12 months in equal portions every three months, in
accordance with the Company’s stock option plan and the policies of
the TSXV.
“We are pleased to engage CORE IR’s team of
Investor relations, Communications and Strategy professionals to
assist DMG raise awareness and engage with the investment
community. CORE IR’s experience, capabilities and approach are a
great fit for DMG as we continue to execute on our growth
initiatives,” said Daniel Reitzik, CEO of DMG.
Scott Gordon, Founder and President of CORE IR
commented, “We look forward to assisting DMG accomplish its
engagement and communications objectives with the investment
community at this exciting time in the Company’s growth trajectory.
CORE IR is well suited to employ our expansive resources and
capabilities to aid the Company in meeting its goals.”
The engagement of CORE IR remains subject to the
approval of the TSXV.
33rd
Annual Roth Conference
DMG’s COO, Sheldon Bennett, will be
participating in the Crypto/Blockchain panel on Tuesday,
March 16, 2021 at 11:00 a.m. Eastern time alongside Marathon
Digital Holdings, Inc. (NASDAQ: MARA).
The Crypto/Blockchain panel will explore the
cryptocurrency mining industry, including how mining businesses
operate and scale, their competitive advantages, their
profitability potential, and the overall market opportunity.
About CORE IR
Headquartered in Garden City, New York, CORE IR
is comprised of senior market leaders with expertise in
institutional and retail investor relations, integrated corporate
communications, and capital markets advisory services. CORE IR
provides proprietary integrated investor and public relations
solutions that yield targeted exposure for small to mid-sized
companies. For more information, please
visit www.coreir.com.
About DMG Blockchain Solutions
Inc.
DMG is a vertically integrated blockchain and
cryptocurrency company that manages, operates, and develops
end-to-end digital solutions to monetize the blockchain ecosystem.
DMG’s businesses are segmented into three main divisions: data
centre operations, data analytics and forensics and developing
enterprise blockchains. DMG’s data centre operations focus on
earning revenues from block rewards and transaction fees by mining
primarily bitcoin as well as providing hosting services for
industrial mining clients. DMG’s data analytics and forensic
services provide technical expertise software products such as
Blockseer Pool, Mine Manager and Walletscore, as well as working
with auditors, law firms, and law enforcement organizations. DMG’s
permissioned blockchain technology is focused on developing
enterprise software for the supply chain management of controlled
products. DMG’s strategy is to become the domain experts across the
business verticals it focuses on. DMG’s management team includes
seasoned crypto experts, forensic & financial professionals and
blockchain developers with deep relationships throughout the
industry.
For more information on DMG Blockchain Solutions
visit: www.dmgblockchain.com
On behalf of the Board of Directors,Daniel
Reitzik, CEO & Director
For Media
Inquiries:Jules Abraham, Head of Public
RelationsCORE IR 917-885-7378
Investor Relations
Contact:Tristan Traywick, Managing
Director CORE IR 516-222-2560
Email: investors@dmgblockchain.comWeb:
www.dmgblockchain.com
Neither the TSX Venture Exchange nor its
Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
Cautionary Note Regarding
Forward-Looking Information
This news release contains forward-looking
information based on current expectations. Statements about the
Company retaining CORE IR and the expected outcomes and benefits
therefrom, plans and intentions, other potential transactions,
acquisition of customers, product development, events, courses of
action, and the potential of the Company’s technology and
operations, among others, are all forward-looking information.
Forward-looking statements consist of statements that are not
purely historical, including any statements regarding beliefs,
plans, expectations or intentions regarding the future. Such
information can generally be identified by the use of forwarding
looking wording such as “may”, “expect”, “estimate”, “anticipate”,
“intend”, “believe” and “continue” or the negative thereof or
similar variations. The reader is cautioned that assumptions used
in the preparation of any forward-looking information may prove to
be incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, as a result of numerous
known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of the Company, including but not
limited to, business, economic and capital market conditions; the
ability to manage operating expenses, which may adversely affect
the Company’s financial condition; the ability to remain
competitive as other better financed competitors develop and
release competitive products; regulatory uncertainties; access to
equipment; market conditions and the demand and pricing for
products; the demand and pricing of bitcoins; security threats,
including a loss/theft of DMG’s bitcoins; DMG’s relationships with
its customers, distributors and business partners; the inability to
add more power to DMG’s facilities; DMG’s ability to successfully
define, design and release new products in a timely manner that
meet customers’ needs; the ability to attract, retain and motivate
qualified personnel; competition in the industry; the impact of
technology changes on the products and industry; failure to develop
new and innovative products; the ability to successfully maintain
and enforce our intellectual property rights and defend third-party
claims of infringement of their intellectual property rights; the
impact of intellectual property litigation that could materially
and adversely affect the business; the ability to manage working
capital; and the dependence on key personnel. DMG may not actually
achieve its plans, projections, or expectations. Such statements
and information are based on numerous assumptions regarding present
and future business strategies and the environment in which the
Company will operate in the future, including the demand for its
products, the ability to successfully develop software, that there
will be no regulation or law that will prevent the Company from
operating its business, anticipated costs, the ability to secure
sufficient capital to complete its business plans, the ability to
achieve goals and the price of bitcoin. Given these risks,
uncertainties and assumptions, you should not place undue reliance
on these forward-looking statements.
The securities of DMG are considered highly
speculative due to the nature of DMG’s business.
Factors that could cause actual results to
differ materially from those in forward-looking statements include,
failure to obtain regulatory approval, the continued availability
of capital and financing, equipment failures, lack of supply of
equipment, power and infrastructure, failure to obtain any permits
required to operate the business, the impact of technology changes
on the industry, the impact of Covid-19 or other viruses and
diseases on the Company’s ability to operate, secure equipment, and
hire personnel, competition, decrease in the price of Bitcoin and
other cryptocurrencies, security threats including stolen bitcoins
from DMG or its customers, consumer sentiment towards DMG’s
products, services and blockchain technology generally, failure to
develop new and innovative products, litigation, increase in
operating costs, increase in equipment and labor costs, failure of
counterparties to perform their contractual obligations, government
regulations, loss of key employees and consultants, and general
economic, market or business conditions. Forward-looking statements
contained in this news release are expressly qualified by this
cautionary statement. The reader is cautioned not to place undue
reliance on any forward-looking information. The forward-looking
statements contained in this news release are made as of the date
of this news release. Except as required by law, the Company
disclaims any intention and assumes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Additionally, the Company
undertakes no obligation to comment on the expectations of, or
statements made by third parties in respect of the matters
discussed above.
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