Championsgate, FL April 1, 2022 Silver Scott Mines, Inc. (OTCPINK: SILS) today announced that a majority of shareholders have approved the official name change to Silver Scott Digital Holdings, Inc. following a recent unanimous vote of the Board of Directors. The Name change will be subject to the FINRA review process and the company will continue to file reports with OTC markets under the name Silver Scott Mines, Inc. until the review process is completed.. Wes Holland, CEO, reaffirmed that the focus on blockchain technologies has been underway since last October, and started with the previously announced launch of wholly owned subsidiary Cognitive Crypto LLC.
In the four months since its launch, Cognitive Crypto’s flagship subscription education offering—Dr. Crypto Pro—surpassed 200 members and earned approximately $1 million in revenue. Of that success, Holland said, “The overwhelming majority of professionals are simply not connected to the massive cryptocurrency opportunity in a meaningful way. We are connecting them to our expert, our team, and our tribe of members—and they discover they are not a lone wolf in their crypto trading endeavors.”
Cognitive Crypto, LLC President Matthew Cozzolino helps members get onboarded and comfortable putting their actionable intelligence to work. He added “The “aha” moment is when they go from confused to confident. When they trade crypto successfully, they get as excited as I do—it’s been by far the most rewarding feeling I’ve had in 30 years of trading in the financial markets.”
The company also completed a private offering of $1.2 million dollars, including a 20% over-allotment. The offering was quickly oversubscribed after being introduced to the company’s accredited investor members. The offering was designed to deploy investment capital that will bolster the balance sheet, hedge it from hyperinflation and be strategically important for future growth of the company’s fair value.
Holland said, “We will not only invest in companies in which we see long term benefits but also provide synergies to our growing ecosystem. We now own digital assets and invested in an NFT minting platform as well as a large cryptocurrency exchange. We look forward to additional NFT investments and partnerships that provide opportunities for exponential growth in a shared future.”
Cozzolino added, “We believe the NFT space is ripe for meteoric growth once the market realizes the day-to-day utility of the NFT on the blockchain. Our members are positioned to experience another aha moment* when they learn about NFTs and what opportunities are possible.” *Definition of aha moment: a moment of sudden realization, inspiration, insight, recognition or comprehension.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United Stated Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts, and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as expects, believes, anticipates, intends, estimates, seeks and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of Silver Scott Mines and Cognitive Crypto, are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements.
These factors include, but are not limited to the ability to successfully implement the business plans of Silver Scott Mines and Cognitive Crypto.