DomiKnow(R) Closes $1.25 Million Private Placement
August 14 2013 - 8:52AM
Less than 20 months after launching its platform and within 10
months of becoming a publicly traded company, DomiKnow® (OTC:DMNO)
has announced it has closed a $1.25 million private placement.
DomiKnow® CEO John R. Stokka says this is just the "tip of the
iceberg."
"This is exciting news for our shareholders," said Stokka, from
DomiKnow® headquarters in Des Moines, Iowa. "The capital will give
us the ability to execute the next phase of our business plan and
expand into major markets across the United States."
Pursuant to the terms of the private placement, the investor has
the option to purchase up to 50,000 shares of the Company's
Convertible Preferred Series A Stock, which is convertible into
5,000,000 shares of the Common Stock of the Company. The Company
expects the options to be exercised over the next few months. The
Stock will be issued in accordance with rule 144 of the Securities
Exchange Act of 1933.
About DomiKnow®, Inc.
DomiKnow® (OTC:DMNO), is a multichannel marketing firm based in
Des Moines, Iowa dedicated to bringing big-time marketing to small
business. DomiKnow's® experts in digital marketing use its
proprietary database of 350 million emails and 400 fields of data
to create hyper-targeted email, social media, and website
communications that generate customers for local businesses. For
more information, visit www.domiknow.com and Facebook.com/DomiKnow
and Twitter.com/DomiKnow.
Statements under the Private Securities Litigation Reform Act,
as amended: with the exception of the historical information
contained in this release, the matters described herein contain
forward-looking statements that involve risks and uncertainties
that may individually or mutually impact the matters herein
described for a variety of reasons that are outside the control of
the Company, including, but not limited to, its ability to its
ability to raise sufficient financing to implement its growth
strategy, successfully develop and commercialize its proprietary
products. Readers are cautioned not to place undue reliance on
these forward-looking statements as actual results could differ
materially from the forward-looking statements contained herein.
Readers are urged to read the risk factors set forth in the
Company's most recent report on the OTC Markets Filings and
Disclosure section. Copies of these reports are available from the
OTC Markets website or without charge from the Company. The above
news release has been provided by the Company via the OTC
Disclosure and News Service. Issuers of news releases and not OTC
Markets Group, Inc. are solely responsible for accuracy of such
news releases.
CONTACT: John Stokka (515) 216-0200 x 301
ir@domiknow.com
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