Digital Asset Monetary Network Returns to Current Status on OTC Markets
Digital Asset Monetary Network, Inc.
Sep. 07, 2018
NEW YORK, Sept. 07, 2018 (GLOBE NEWSWIRE) -- Digital Asset Monetary Network, Inc., f/k/a Digital Arts Media Network (OTCMKTS: DATI), a specialized tech accelerator leveraging its Public Accelerator-Incubator (PAI) model, announced today that the Company has returned to a “Current Status” on the OTC Marketplace.
As essentially stated in the press release – “ DATI Provides a Late Filing Notification and Temporary Status Change for Additional Transparency ” dated August 13th, an oversight resulted in a missed invoice when the Company was transitioning to a new email system. DATI immediately reapplied with the OTC Markets Group. Regrettably, this resulted in a temporary downgrade in listing status and the reapplication process took approximately 15 business days to complete.
“Fortunately, the downgrade in our status with OTC Markets was not due to an inability to file our quarterly disclosure timely, nor for a lack of capital,” stated Ajene Watson, CEO of Digital Asset Monetary Network, Inc. “A simple oversight on our part was the cause and I take full responsibility. The unusual time it took to straighten out the matter however, was unfortunately exacerbated by our filing to change our corporate name with FINRA.”
“Nonetheless, our name change went effective with FINRA on September 5th. Our reapplication with OTC Markets was approved on September 5th. Our quarterly disclosures were filed on September 6th, and today we’re back to ‘Current Status’ with OTC Markets. Now, we push forward.”
ABOUT Digital Asset Monetary Network, Inc.Digital Asset Monetary Network, Inc., f/k/a Digital Arts Media Network ( OTCMKTS: DATI ), is the first company to utilize the Public Accelerator-Incubator (PAI) model, with the intent to follow the global success of accelerators and incubators around the world, adding niche opportunities to both the microcap and startup communities. As a PAI, Digital Asset Monetary Network will develop and acquire innovations that solve problems through digital platforms and other electronic applications.
Forward Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking.
Contact:Investor Relations and Communications Answering Center (718) 285-6378 EXT 401 info@DigitalArtsMediaNetwork.com