Connect with us

Technology

Digital Arts Media Network Inc (OTCMKTS:DATI) Acquires TruCrowd To Improve Service Offerings

Published

on

Digital Arts Media Network Inc (OTCMKTS:DATI) announced recently that it has signed a contract to acquire a stake of more than 39% in truCrowd, a registered member company with FINRA. The company is teaming up with truCrowd to benefit from its strong and enduring experience in the crowdfunding industry.

With the current terms of agreement, DATI will first acquire 19.9% stake in the company for the next six months thereafter, add the remaining portion of 19.99%. However, this is subject to the stability of the firm and market environment that is usually influenced by various external factors that are beyond the companies to control or manipulate

truCrowd, which specializes in crowdfunding initiatives currently has over 6,000 registered subscribers and has previously been successful in meeting and exceeding its customers demands. In addition, truCrowd is also expecting the changes to have a huge positive impant of DATI’s business model.

According to truCrowd’s president, the recent collaboration with the leading company, DATI will help the firm to improve its business model. The company is also considering adoption of blochchain technology to take advantage of the latest SEC framework.

DATI is a tech firm with various programs that focuses on assisting corporate and individual investors to raise capital faster in order to grab lucrative business opportunities in the marketplace. The recent deal with truCrowd is expected to help the company gain from the long-standing experience in the crowd-funding space.

Several start-up and development phase firms especially the tech firms have used such alliances in the industry to excel in their endeavours. Generally tech firms are always on the lookout for alternative and quicker approaches to raising capital while at the same time, they are expected to observe and comply with the securities laws.

With an increasing interest in blockchain-based programs, DATI intends to stay abreast with the key developments in its industry as the business landscape keep on evolving constantly.

Advertisement src="//cdn.bannersnack.com/iframe/embed.js">
Advertisement
Advertisement

Title

INDUSTRIAL HEMP3 months ago

Near-Term Headwinds Hit Scotts Miracle-Gro Co (NYSE:SMG) With A Huge Impact

Bank of America Corp (NYSE:BAC) has disclosed that Scotts Miracle-Gro Co (NYSE:SMG) has lately been experiencing several near term risks....

INDUSTRIAL HEMP3 months ago

Argitek Holdings Inc (OTCMKTS:AGTK) To Focus On Acquisition, Revenues & Profitability In 2018

Argitek Holdings Inc (OTCMKTS:AGTK) recently revealed that in 2018, the company’s main focus will be the acquisition, revenues, and profitability....

INDUSTRIAL HEMP3 months ago

PharmaCyte Biotech Inc (OTCMKTS:PMCB) Completes Pore Size Studies & 29 Tests Useful In Pancreatic Cancer Therapy

PharmaCyte Biotech Inc (OTCMKTS:PMCB) has said that the cells it is planning to use in the clinical trial in patients...

INDUSTRIAL HEMP3 months ago

Puration Inc (OTCMKTS:PURA) To Apply For Canadian Recreational Cannabis Cultivation License; To Give EVERx CBD Sports Water Free Samples

Puration Inc (OTCMKTS:PURA) recently announced that it will be applying for the Canadian recreational cannabis cultivation license. The confirmation came...

INDUSTRIAL HEMP3 months ago

Marijuana Company Of America Inc (OTCMKTS:MCOA)’s JV Completes 10,000 Sq. Ft. Greenhouse Set up; Provides Update on Oregon Project

Marijuana Company Of America Inc (OTCMKTS:MCOA) recently announced that its Joint Venture with Bougainville Ventures Inc. based in Washington has...

INDUSTRIAL HEMP3 months ago

Lifestyle Delivery Systems Inc.(OTCMKTS:LDSYF)’s CSPA Group Inc. Receives 15000 Reveur Units & 300 Liters Distillates’ Purchase Orders In Two Different Deals

Lifestyle Delivery Systems Inc. (OTCMKTS:LDSYF) recently made two big announcements related to the receipt of two open purchase orders to...

INDUSTRIAL HEMP3 months ago

Viaderma Inc (OTCMKTS:VDRM) Provides Update On Its Flagship Product Vitastem; Signs $250,000 Agreement With Vage Nigeria Ltd.

Viaderma Inc (OTCMKTS:VDRM), a publicly traded specialty pharmaceutical company recently announced an update on the sales of its flagship product...

INDUSTRIAL HEMP3 months ago

Plandai Biotechnology Inc (OTCMKTS:PLPL) Phytofare Gaining Traction in International Markets

Plandai Biotechnology Inc (OTCMKTS:PLPL) recently issued an update following the successful launch of its Phytofare® supplement. Plandai Biotechnology is a...

INDUSTRIAL HEMP3 months ago

MassRoots Inc (OTCMKTS:MSRT) Issues 2018 Annual Shareholder Letter

MassRoots Inc (OTCMKTS:MSRT) has issued its 2018 Annual Shareholder Letter highlighting on its recent developments as well as its plans...

INDUSTRIAL HEMP3 months ago

Players Network (OTCMKTS:PNTV) Signs Binding Letter Of Intent To Acquire A 56,000-Square-Foot, Fully Operating Greenhouse Complex

Players Network (OTCMKTS:PNTV), a leading integrated and diversified cannabis holding company has announced that it has signed a binding Letter...

Advertisement
Advertisement
Advertisement