VANCOUVER, British Columbia, Dec. 31, 2020 (GLOBE NEWSWIRE) — DMG Blockchain Options Inc. (TSX-V: DMGI) (DMGGF:OTC US) (FRANKFURT:6AX) (“DMG” or the “Firm”), a diversified blockchain and know-how firm, is happy to announce that it filed its Audited Annual Monetary Statements and Administration Dialogue and Evaluation on December 30, 2020.
A full copy of those paperwork is obtainable on www.sedar.com.
Sheldon Bennett, the Firm’s Chief Operations Officer, emphasised, “I’m very pleased with all our group’s efforts in collaborating over these difficult COVID circumstances to not solely obtain improved monetary leads to nearly the entire Firm’s operations, but in addition to finish our annual audit course of a full month earlier than required submitting.”
DMG additionally publicizes that it has issued 3,655,000 inventory choices to administrators, officers, workers and consultants at an train value of $0.65 for a three-year time period.
About DMG Blockchain Options Inc.
DMG is a diversified cryptocurrency and blockchain platform firm that’s targeted on the 2 major alternatives within the sector – mining public blockchains and making use of permissioned blockchain know-how. DMG focuses on mining bitcoin, offering internet hosting companies for industrial mining purchasers, incomes revenues from block rewards and transaction charges, creating knowledge analytics and forensic software program merchandise, working with auditors, legislation companies, and legislation enforcement to supply technical experience. DMG’s permissioned blockchain know-how is concentrated on creating enterprise software program for the availability chain administration of managed merchandise. DMG’s technique is to grow to be the area specialists throughout the enterprise verticals it focuses on. DMG’s administration group contains seasoned crypto specialists, forensic & monetary professionals and blockchain builders with deep relationships all through the trade, with earlier expertise working at Bitfury, PwC, EY, Cisco and UBS.
For extra info on the Firm go to: www.dmgblockchain.com
On behalf of the Board,
Daniel Reitzik, CEO & Director
For additional info contact:
Investor Relations: Dan Reitzik
Cautionary Notice Relating to Ahead-Trying Info
This information launch accommodates forward-looking info based mostly on present expectations. Statements in regards to the Firm’s plans and intentions, different potential transactions, acquisition of shoppers, product growth, occasions, programs of motion, and the potential of the Firm’s know-how and operations, amongst others, are all forward-looking info. Ahead-looking statements include statements that aren’t purely historic, together with any statements concerning beliefs, plans, expectations or intentions concerning the longer term. Such info can typically be recognized by way of forwarding wanting wording corresponding to “might”, “anticipate”, “estimate”, “anticipate”, “intend”, “consider” and “proceed” or the destructive thereof or comparable variations. The reader is cautioned that assumptions used within the preparation of any forward-looking info might show to be incorrect. Occasions or circumstances might trigger precise outcomes to vary materially from these predicted, on account of quite a few recognized and unknown dangers, uncertainties, and different components, a lot of that are past the management of the Firm, together with however not restricted to, enterprise, financial and capital market circumstances; the flexibility to handle working bills, which can adversely have an effect on the Firm’s monetary situation; the flexibility to stay aggressive as different higher financed opponents develop and launch aggressive merchandise; regulatory uncertainties; entry to tools; market circumstances and the demand and pricing for merchandise; the demand and pricing of bitcoins; safety threats, together with a loss/theft of DMG’s bitcoins; DMG’s relationships with its clients, distributors and enterprise companions; the lack so as to add extra energy to DMG’s services; DMG’s skill to efficiently outline, design and launch new merchandise in a well timed method that meet clients’ wants; the flexibility to draw, retain and inspire certified personnel; competitors within the trade; the impression of know-how modifications on the merchandise and trade; failure to develop new and revolutionary merchandise; the flexibility to efficiently preserve and implement our mental property rights and defend third-party claims of infringement of their mental property rights; the impression of mental property litigation that would materially and adversely have an effect on the enterprise; the flexibility to handle working capital; and the dependence on key personnel. DMG might not really obtain its plans, projections, or expectations. Such statements and data are based mostly on quite a few assumptions concerning current and future enterprise methods and the atmosphere during which the Firm will function sooner or later, together with the demand for its merchandise, the flexibility to efficiently develop software program, that there will probably be no regulation or legislation that can forestall the Firm from working its enterprise, anticipated prices, the flexibility to safe ample capital to finish its enterprise plans, the flexibility to attain targets and the worth of bitcoin. Given these dangers, uncertainties and assumptions, you shouldn’t place undue reliance on these forward-looking statements.
The securities of DMG are thought of extremely speculative because of the nature of DMG’s enterprise.
Elements that would trigger precise outcomes to vary materially from these in forward-looking statements embrace, failure to acquire regulatory approval, the continued availability of capital and financing, tools failures, lack of provide of apparatus, energy and infrastructure, failure to acquire any permits required to function the enterprise, the impression of know-how modifications on the trade, the impression of Covid-19 or different viruses and illnesses on the Firm’s skill to function, safe tools, and rent personnel, competitors, safety threats together with stolen bitcoins from DMG or its clients, shopper sentiment in the direction of DMG’s merchandise, companies and blockchain know-how typically, failure to develop new and revolutionary merchandise, litigation, lower within the value of bitcoin, enhance in working prices, enhance in tools and labor prices, failure of counterparties to carry out their contractual obligations, authorities laws, lack of key workers and consultants, and common financial, market or enterprise circumstances. Ahead-looking statements contained on this information launch are expressly certified by this cautionary assertion. The reader is cautioned to not place undue reliance on any forward-looking info. The forward-looking statements contained on this information launch are made as of the date of this information launch. Besides as required by legislation, the Firm disclaims any intention and assumes no obligation to replace or revise any forward-looking statements, whether or not on account of new info, future occasions or in any other case. Moreover, the Firm undertakes no obligation to touch upon the expectations of, or statements made by third events in respect of the issues mentioned above.
Neither the TSX Enterprise Alternate nor its Regulation Service Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this information launch.