Business
DigitalAMN Issues Update on Path Forward Amid COVID-19 Disruptions
DigitalAMN Issues Update on Path Forward Amid COVID-19 Disruptions.
About this update from Digital Asset Monetary Network, Inc.
[{"type":"text","content":"\n NEW YORK, May 27, 2020 (GLOBE NEWSWIRE) -- Digital Asset Monetary Network, Inc. or “DigitalAMN” (OTCMKTS: DATI), a Public Accelerator-Incubator (“PAI”), gives shareholders a brief update. Mr. Ajene Watson, CEO of DigitalAMN, commented, “Steve Jobs famously said, ‘You can’t connect the dots looking forward, you can only connect them looking backward.’  “We are excited by the prospect of building what we believe will become a highly rated ecosystem for promoting economic growth, social empowerment and financial literacy, within the business and investment communities. The progress we’ve made since 2017 is substantial and we look forward to the next 24 months where we anticipate generating healthy cashflows, growing the value of our equity portfolio of businesses and fostering strategic alliances with angel investors, VC’s, and private equity funds. This enthusiasm is only rivaled by our conviction to do as much good in the world as possible, while doing fiscally well for our shareholders. Take for example, when our subsidiary launched the Covid-19 micro funding program to support small businesses impacted by the coronavirus pandemic.  ‘Keep The Light On’ is our fiscal contribution to the small business community in a time of need; providing resources and access to capital. Onboarding fees have been waived or deferred, the cost of marketing services have also been deferred, and the cost of third-party professional fees can be covered by DigitalAMN. Interestingly enough, shortly after #KeepTheLightOn launched, the United States Securities and Exchange Commission (SEC) coincidentally eased certain Regulation Crowdfunding (Reg. CF) requirements to provide temporary and conditional relief, making certain fund raising easier with Reg. CF. The steps taken here by the SEC were very meaningful during this crisis and helped to validate our ongoing support for small businesses.  In these uncertain times, it is extremely difficult to determine where the best opportunities reside; which companies may wither on the vine, or which may emerge as market leaders.  Digital Asset Monetary Network remains strong and we continue to press forward, even now.  And while our operation is not yet perfect, we strive to improve all facets of Dig...