DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FSE:
6AX) (“DMG” or the “Company”), a vertically integrated blockchain
and cryptocurrency technology company, announces today that it the
appointment of Heather Sim as Chief Financial Officer (replacing
Ryan Cheung, formerly CFO and Corporate Secretary) and John Kim as
Corporate Secretary.
Heather Sim is a CPA with previous experience
working in public audit and currently assists public companies
navigate regulatory markets in Canada and the US. Heather has been
leading DMG's public reporting for the last two years and it is a
natural progression for her to formally move to CFO. John Kim has
more than 23 years of experience, starting as a securities
paralegal at various law firms and then moving on as corporate
secretary to a number of public companies listed on the TSX and
TSX-V. Both join DMG from Vancouver-based ACM Management Inc, an
accounting firm that provides financial reporting assistance to
public companies.
In addition, DMG's Chief Executive Officer
Sheldon Bennett is scheduled to present at the following virtual
conferences next week:
Q3 Investor Summit: August 17 – 18, 2021Mr.
Bennett will deliver his corporate presentation on August 17 at
3:30 pm ET.Management will be available for one-on-one meetings to
be held throughout the conference. Investors can register here: Q3
Investor Summit Investor Registration
SNN Network Summer Virtual Event Investor
Conference: August 17 – 19, 2021Mr. Bennett will deliver his
corporate presentation on August 18 at 5:00 pm ET.Management will
be available for one-on-one meetings to be held throughout the
conference. Investors can register here: REGISTERAbout DMG
Blockchain Solutions Inc.DMG is an environmentally
friendly vertically integrated blockchain and cryptocurrency
company that manages, operates, and develops end-to-end digital
solutions to monetize the blockchain ecosystem. DMG’s sustainable
businesses are segmented into two business lines under the Core and
Core+ strategies and unified through DMG’s vertical integration.For
more information visit the DMG website here to learn more.Follow
@dmgblockchain on Twitter and subscribe to DMG's YouTube channel.On
behalf of the Board of Directors,Sheldon Bennett, CEO &
Director
For additional information, please contact:DMG Blockchain
Solutions Inc.Email: investors@dmgblockchain.comWeb:
www.dmgblockchain.com
Investor Relations Contact:CORE IR 516-222-2560For Media
Inquiries:Jules Abraham, CORE IRjulesa@coreir.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.
Future changes in the Bitcoin network-wide
mining difficulty rate or Bitcoin hashrate may materially affect
the future performance of DMG’s production of Bitcoin, and future
operational results could also be materially affected by the price
of Bitcoin and an increase in hashrate mining difficulty.
Cautionary Note Regarding Forward-Looking
Information
This news release contains forward-looking
information or statements based on current expectations.
Forward-looking statements contained in this news release include
statements regarding the upcoming conferences, 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, market and other conditions,
volatility in the trading price of the Common Shares, 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.
For further information concerning these and other risks and
uncertainties, refer to the Company’s filings on www.SEDAR.com
including the annual information form for the year ended September
30, 2020, filed on January 28, 2021.
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, 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,
decrease in the price of Bitcoin, 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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