VANCOUVER, British Columbia, March 15, 2021 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (DMGGF: OTCQB US) (FRANKFURT:6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, today announces that it has retained CORE IR (“CORE IR”), a leading investor relations, public relations and strategic advisory firm, to assist the Company with investor relations, public relations and shareholder communications services. The Company also announces its participation in the Crypto/Blockchain panel on March 16th at 11:00 am ET during the 33rd Annual Roth Conference, which is being held virtually on March 15-17, 2021.
CORE IR will focus on expanding market awareness for DMG and conveying the Company’s business model and growth strategies to the institutional and retail investment communities. CORE IR, a U.S.-based boutique investor and public relations strategic advisory firm, specializes in leveraging the most effective investment, growth, and exposure strategies for small to mid-sized companies through an integrated approach to relationship development and corporate communications.
The marketing and investor relations agreement with CORE IR has an initial term of twelve months from the date of TSX Venture Exchange (“TSXV”) approval and may be renewed by the parties in accordance with the agreement. CORE IR will be paid a monthly fee of US$15,000 and will be granted stock options to acquire up to 200,000 common shares of DMG at a price of CAD$3.00 per share for a period of two years, vesting in stages over a period of 12 months in equal portions every three months, in accordance with the Company’s stock option plan and the policies of the TSXV.
“We are pleased to engage CORE IR’s team of Investor relations, Communications and Strategy professionals to assist DMG raise awareness and engage with the investment community. CORE IR’s experience, capabilities and approach are a great fit for DMG as we continue to execute on our growth initiatives,” said Daniel Reitzik, CEO of DMG.
Scott Gordon, Founder and President of CORE IR commented, “We look forward to assisting DMG accomplish its engagement and communications objectives with the investment community at this exciting time in the Company’s growth trajectory. CORE IR is well suited to employ our expansive resources and capabilities to aid the Company in meeting its goals.”
The engagement of CORE IR remains subject to the approval of the TSXV.
33rd Annual Roth Conference
DMG’s COO, Sheldon Bennett, will be participating in the Crypto/Blockchain panel on Tuesday, March 16, 2021 at 11:00 a.m. Eastern time alongside Marathon Digital Holdings, Inc. (NASDAQ: MARA).
The Crypto/Blockchain panel will explore the cryptocurrency mining industry, including how mining businesses operate and scale, their competitive advantages, their profitability potential, and the overall market opportunity.
About CORE IR
Headquartered in Garden City, New York, CORE IR is comprised of senior market leaders with expertise in institutional and retail investor relations, integrated corporate communications, and capital markets advisory services. CORE IR provides proprietary integrated investor and public relations solutions that yield targeted exposure for small to mid-sized companies. For more information, please visit www.coreir.com.
About DMG Blockchain Solutions Inc.
DMG is a vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. DMG’s businesses are segmented into three main divisions: data centre operations, data analytics and forensics and developing enterprise blockchains. DMG’s data centre operations focus on earning revenues from block rewards and transaction fees by mining primarily bitcoin as well as providing hosting services for industrial mining clients. DMG’s data analytics and forensic services provide technical expertise software products such as Blockseer Pool, Mine Manager and Walletscore, as well as working with auditors, law firms, and law enforcement organizations. DMG’s permissioned blockchain technology is focused on developing enterprise software for the supply chain management of controlled products. DMG’s strategy is to become the domain experts across the business verticals it focuses on. DMG’s management team includes seasoned crypto experts, forensic & financial professionals and blockchain developers with deep relationships throughout the industry.
For more information on DMG Blockchain Solutions visit: www.dmgblockchain.com
On behalf of the Board of Directors,
Daniel Reitzik, CEO & Director
For Media Inquiries:
Jules Abraham, Head of Public Relations
CORE IR 917-885-7378
Investor Relations Contact:
Tristan Traywick, Managing Director
CORE IR 516-222-2560
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information based on current expectations. Statements about the Company retaining CORE IR and the expected outcomes and benefits therefrom, plans and intentions, other potential transactions, acquisition of customers, product development, events, courses of action, and the potential of the Company’s technology and operations, among others, are all forward-looking information. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company’s financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoins; security threats, including a loss/theft of DMG’s bitcoins; DMG’s relationships with its customers, distributors and business partners; the inability to add more power to DMG’s facilities; DMG’s ability to successfully define, design and release new products in a timely manner that meet customers’ needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.
The securities of DMG are considered highly speculative due to the nature of DMG’s business.
Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, secure equipment, and hire personnel, competition, decrease in the price of Bitcoin and other cryptocurrencies, security threats including stolen bitcoins from DMG or its customers, consumer sentiment towards DMG’s products, services and blockchain technology generally, failure to develop new and innovative products, litigation, increase in operating costs, increase in equipment and labor costs, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by third parties in respect of the matters discussed above.