AP NEWS

DigitalTown, Inc. welcomes CFO Dave Carter

August 8, 2018

Adds Global Finance, Blockchain and Crypto Insight

SEATTLE and TORONTO, Aug. 08, 2018 (GLOBE NEWSWIRE) -- DigitalTown (OTC:DGTW) – provider of the world’s first Global Smart City Network powered by Blockchain-based, decentralized applications – announces the appointment of Toronto-based Dave Carter as Chief Financial Officer effective August 7, 2018.

Dave Carter brings a wealth of experience in finance and operations with knowledge of Technology Solutions, Health Care, Legal Services and Non-Profit governance, adding a unique blend of financial and forensic acumen, resource optimization, innovation and collaborative team leadership to the DigitalTown team. Since 2016, Dave has focussed on Blockchain and Cryptoassets, advising startups and most recently 3iQ, a Canadian Investment Fund Manager, and the first regulatory approved multi-cryptoasset manager in Canada.

DigitalTown CEO, Robert Monster, comments: “Dave’s appointment comes at an exciting time where we are able to amplify operating progress in Texas in ways that will allow us to attract expansion capital with which to accelerate growth while operating the company on sound financial footing. A trusted leader driven by core values and fiscal discipline to discern and deliver economic value, Dave builds trust and motivates all toward realizing optimized results. His experience in investment fund management and insight into the global market for Blockchain technologies and Cryptoassets will greatly benefit DigitalTown as we bring Blockchain to Main streets around the world. I am delighted to welcome Dave to the DigitalTown leadership team.”

DigitalTown CFO, Dave Carter, says: “DigitalTown is a most exciting and promising venture and it is a true honor and pleasure to be able to contribute my financial and operational expertise combined with my passion for Blockchain and Cryptocurrencies to the movement. DigitalTown has the potential to revolutionize local economies around the world, by enabling more of the revenue generated in a community to remain in the community, starting in Austin.”

“As a finance professional, I am particularly motivated by DigitalTown’s model for enabling local governments to fund through revenue rather than taxes, and I look forward to building upon the already impressive work of DigitalTown in delivering democratized access to technology to improve lives and create thriving, sovereign local communities locally and globally,” adds Dave.

Dave Carter will continue to be based in Toronto and will work closely with capital market partners around the world, and in particular Toronto, New York, Boston and Cleveland.

DigitalTown’s ecosystem comprises localized search engine, a free SmartWallet for payments, and community collaboration platforms, all combined to support local communities. DigitalTown is among the first public companies to fully adopt Blockchain and the first public company to provide tools that really empower residents, visitors, merchants and municipalities to work together to create thriving, sovereign local communities.

About DigitalTown

DigitalTown, Inc. (DGTW) powers Smart Cities to succeed in the Digital Age. It provides turn-key hosted solutions to power “Digital Towns”, which improve Quality of Life for residents and visitors through locally owned solutions for economic development, civic engagement and digital inclusion for cities around the world. You can download the DigitalTown App from the App Store, or visit one of our many city sites such as Austin.City to get a feel for how DigitalTown is creating value for cities around the world.

ContactRob Monster, Chief Executive Officer+1-425-295-4564; rob@digitaltown.com

Karen Floyd, Chief Brand Officer +34 692 336 787 karen@digitaltown.com

Disclaimer - Forward Looking StatementSafe Harbor Language: Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act 1995. Readers are cautioned not to place undue reliance on forward-looking statements. DigitalTown, Inc. undertakes no obligation to update any such statements to reflect actual events.

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