Business
DBGI Announces it will Accept Cryptocurrencies as Form of Payment
AUSTIN, Texas, Nov. 4, 2021 /PRNewswire/ -- Digital Brands Group, Inc. ("DBGI") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first
About this update from Digital Brands Group, Inc.
[{"type":"text","content":"AUSTIN, Texas, Nov. 4, 2021 /PRNewswire/ -- Digital Brands Group, Inc. (\"DBGI\") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces it will start accepting cryptocurrencies as a form of payment across all its brands.\nShopify (NYSE: SHOP) enables our brands to accept cryptocurrencies as a form of payment. We believe this form of payment will continue to grow as a potential currency in our industry, stated Hil Davis, Chief Executive Officer of Digital Brands Group. \nFinally, as we discussed in our S-1, we expect to continue to grow through acquisitions and expect to continue to acquire companies this year, most of which will require GAAP PCAOB audits. These audits take time, which results in a delayed acquisition timeframe weighted toward the final months of 2021. \nForward-looking Statements\nCertain statements included in this release are \"forward-looking statements\" within the meaning of the federal securities laws. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting DBG and therefore involve several risks and uncertainties. You can identify these statements by the fact that they use words such as \"will,\" \"anticipate,\" \"estimate,\" \"expect,\" \"should,\" and \"may\" and other words and terms of similar meaning or use of future dates, however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements regarding DBG's plans, objectives, projections and expectations relating to DBG's operations or financial performance, and assumptions related thereto are forward-looking statements. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. DBG undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Potential risks and uncertainties that could cause the actual results of operations or financial condition of DBG to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: risks arising from the widespread outbreak of an illness or any other communicable disease, or any...