Business
DigitalAMN Secures Additional Revenue Source with Acquisition of Reg. A+ and Reg. CF Marketing Company
DigitalAMN Secures Additional Revenue Source with Acquisition of Reg. A+ and Reg. CF Marketing Company.
About this update from Digital Asset Monetary Network, Inc.
[{"type":"text","content":"\n NEW YORK, March 23, 2020 (GLOBE NEWSWIRE) -- Digital Asset Monetary Network, Inc. or “DigitalAMN” (OTCMKTS: DATI), a Public Accelerator-Incubator (“PAI”), announced today, that DigitalAMN has taken a majority stake in TruCrowd Services, LLC. (“TCS”), a marketing services firm, focused on marketing Regulation A+ (“Reg. A+”) and Regulation Crowdfunding (“Reg. CF”). Currently operating the RegABoost brand, TCS was originally established in early 2019, with DigitalAMN as a minority co-founder. Throughout the course of the past year, DigitalAMN made a series of needed capital infusions into TCS, to further the development and operations of the brand. However, with the continuing growth of equity crowdfunding and the recent surge of interest in Reg. A+, from both private and public companies, management recognized the growth opportunity for TCS as a marketing agency, as well as a potentially healthy revenue source for DigitalAMN. Ajene Watson, CEO of DigitalAMN, stated in a February 4th, 2020 Coffee Talk, that he believed TCS would have “the ability to become a formidable player in the arena of advertising, communications and marketing those private and public companies leveraging the JOBS Act; particularly Reg. CF and Reg. A+.” “During this past quarter, we were approached by a diverse group of companies to assist with Reg. A+ offerings,” stated Mr. Watson. “The markets have also seen the Securities and Exchange Commission propose adjustments to Reg. CF that would increase the cap from $1.07M to $5M – making equity crowdfunding appealing to even more businesses that would require robust marketing campaigns to communicate and advertise their offerings. This would position TCS well to possibly emerge as a leader within this segment of the market.” DigitalAMN now owns a 60% interest in TCS [part of the DigitalAMN equity portfolio]. TCS’ services will now play a significant role in the Company’s ecosystem. DigitalAMN completed the financial transaction to acquire TCS in late February and this past week, took full control of operations. That said, DigitalAMN management has selected a communications specialist to lead the marketing company to increased revenue and scalability. Watson concluded, “Equally appealing, is t...