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Digital Arts Media Network Inc (OTCMKTS:DATI) Completes Acquisition of Equity Stake in truCrowd to Expand Accelerator Service Offerings

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Digital Arts Media Network Inc (OTCMKTS:DATI) has announced has signed an agreement with truCrowd that will see the former acquire 39.89% of the FINRA member crowdfunding portal which is also registered at SEC. Digital Arts Media Network is a specialized tech company with interests in the Public Accelerator-Incubator (PAI) model.

truCrowd is among the 38 croudfunding portals which are registered by FINRA.

truCrowd is one of the first crowd funding portals that have been registered with SEC. the portal was targeted by Digital Arts Media Network because its management has a long experience in the crowdfunding sector. The portal has around 6,000 registered users and has been very successful in meeting the capital targets of its clients. Additionally, truCrowd is strategically place to cause a positive impact in the business model of Digital Arts Media.

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As part of the deal, Digital Arts Media has acquired a 19.9% stake in truCrowd which will vest for more than 6 months and there will be an option to buy an additional 19.99% equity stake. With this bold step, Digital Arts Media has placed itself in a better position to offer services to its customers, both development stage companies as well as startups. Additionally, Digital Arts Media has bolstered its value proposition to both angel investors as well as “disenfranchised investors”. This agreement has opened investment opportunities for development stage companies as well as startups.

Ajene Watson, the CEO of Digital Arts Media Network said a lot of tech startups are increasingly seeking alternative, faster ways of raising capital while at the same time maintaining some form of control and fully complying with all the securities laws. He added that this has been common especially with the increase in blockchain related projects and Digital Arts Media will be seeking to strategically position itself as the leader and champion of an evolving business environment.

Having the capacity and capability to leverage a FINRA member crowdfunding portal will give Digital Arts Media’s client-startups another source of capital in a much faster way. The truCrowd portal offers another readily available method of introducing a company plus its products to the market.

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