Business
Digital Asset Monetary Network to Increase Investment Interest in Equity Crowdfunding
Digital Asset Monetary Network to Increase Investment Interest in Equity Crowdfunding.
About this update from Digital Asset Monetary Network, Inc.
[{"type":"text","content":"\nNEW 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.\n “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. Watso...