VANCOUVER, British Columbia , Feb. 13, 2018 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V:DMGI) ('DMG' or the 'Company'), is pleased to announce the acquisition of Datient, Inc., doing business as 'Blockseer' (the 'Transaction') pursuant to which DMG's U.S. subsidiary will acquire all of the issued and outstanding securities of Blockseer, and will close upon the TSX Venture Exchange's approval.
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About Blockseer
Blockseer is a private company incorporated under the laws of Delaware, U.S.A., with its business headquarters in Silicon Valley, California, USA.
Blockseer's mission is to make Blockchain data and applications accessible to everyone by providing valuable analysis of patterns, useful metrics, clear visualizations, and actionable intelligence. Blockchains are a new platform that enable transactions and applications (or smart contracts) in a decentralized setting. Blockseer provides the analytics tools for these transactions and applications on the Blockchain. Blockseer's current team consists of seven (7) Blockchain developers located in Silicon Valley, California, USA, and is led by its Chief Executive Officer and founder, Danny Yang.
Terms of Transaction
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Under the terms of the Transaction, DMG, through its U.S. subsidiary ('DMG-US'), will acquire Blockseer for a purchase price comprising C$2,630,769 in cash and up to 7,673,076 common shares of DMG (the 'Transaction Shares') with a maximum transaction value of C$16,000,000. The number of Transaction Shares to be issued will be based on the 15-day volume weighted average trading price of DMG's shares on the TSX Venture Exchange following the closing of the Transaction.
The Transaction Shares issued to the former Blockseer securities holders will be subject to vesting with such shares vesting ratably on a calendar quarterly basis over a two-year period following the Closing (the 'Trading Restrictions').
Mac optical drive cleaner. Probably people living in the suburbs are better off regarding the required cleaning frequency of their optical drives. Update (2010.12.30): three days ago I took apart my mom's Mac Mini to replace the hard drive (she outgrew the original 120 GB one). Once at it, I couldn't resist to open and clean the DVD-RW drive. Feb 11, 2014 Use this clever way to clean a Mac's SuperDrive. My friend did NOT do this step Dab some lens cleaning fluid on the bottom side of the cloth-wrapped card. (Camera lens fluid will do.) Insert the cloth-wrapped credit card on the left-most side of the slot drive by about 1.5 inches. (Make sure the Mac is powered off.).
Following the Transaction DMG-US will own 100% of Blockseer, with DMG-US shares being owned approximately 61% by DMG and approximately 39% by the selling securityholders of Blockseer.
Upon completion of the Trading Restrictions each individual holder of the DMG-US shall have the option to exchange of such shares at the election of the holder 1-for-1 for DMG common shares which will be fully tradable subject to the regulations of the TSX Venture Exchange., Additionally, in the event that upon completion of the Trading Restrictions the per share price of DMG's common shares is greater than C$0.40 (as adjusted for stock splits and consolidations), then DMG, at its sole election, shall have the option to exchange all of the shares of DMG-US held by the former security holders of Blockseer 1-for-1 for common shares of DMG, which will be fully tradable shares in accordance with the policies of the TSX Venture Exchange.
In connection with the Transaction, Danny Yang has been appointed as the Chief Technology Officer of DMG and Sheldon Bennett has been appointed as the Chief Operating Officer and will also remain as a director of DMG. Additionally, all of the Blockseer developers, including Mr. Yang, have agreed to enter into new employment agreements.
Appointment of Lou Kerner to the Advisory Board
The Company is also pleased to announce the appointment of Lou Kerner to the Company's advisory board. Lou Kerner is a Founding Partner of CryptoOracle, a Crypto VC and Advisory firm focused exclusively on investing and advising entities leveraging, blockchain, cryptocurrency, smart contracts and decentralization. Lou Kerner had a distinguished career as an equity analyst following media and tech companies for Goldman Sachs and Merrill Lynch.
About DMG
DMG Blockchain Solutions Inc. is a full service diversified blockchain and cryptocurrency company that manages, operates and develops end-to-end solutions to monetize the blockchain ecosystem. DMG intends to be the global leader in bitcoin mining hosting, Mining as a Service (MaaS), bitcoin mining, forensics and diversified blockchain platform development.
On behalf of the Board of Directors,
Dynasty Marketing Group
Daniel Reitzik, CEO & Director
For further information please contact:
DMG Blockchain Solutions Inc.
Investor Relations: John Martin
Toll Free: 1-888-702-0258
Email: investors@dmgblockchain.com
Web: www.dmgblockchain.com
Direct: 778-868-6470
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Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information based on current expectations. Statements about the acquisition of Blockseer, other transactions, product development, customer acquisitions, events, courses of action, and the potential of the Company's technology and operations, among others, are all forward-looking information. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding looking wording such as 'may', 'expect', 'estimate', 'anticipate', 'intend', 'believe' and 'continue' or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company's financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; market conditions and the demand and pricing for products; the demand and pricing of bitcoins; security threats, including a loss/theft of DMG's bitcoins; DMG's relationships with its customers, distributors and business partners; DMG's ability to successfully define, design and release new products in a timely manner that meet customers' needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.
The securities of DMG are considered highly speculative due to the nature of DMG's business.
Factors that could cause the actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, competition, security threats including stolen bitcoins from DMG or its customers, consumer sentiment towards DMG's products, services and blockchain technology generally, failure to develop new and innovative products, litigation, increase in operating costs, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Deborah Mannis-Gardner
Owner/President, DMG Clearances, Inc.
Deborah Mannis-Gardner is the go-to expert for global music rights clearances, whether for samples for recordings; song usage in movies, television, and video games; or innovative applications such as the history of hip-hop Google Doodle. DMG Clearances, Inc., is known for clearing difficult copyrights from artists such as Led Zeppelin, Beatles, Prince, and AC/DC, as well as intricate multi-song mash-ups. Whatever she is working on, Deborah's first goal is to educate the client about the value of music rights, and she takes great pride in aiming for the fairest deal for all parties involved.
After working for Diamond Time and RCA Records in the early 1990s, Deborah started DMG Clearances, Inc., in 1996, based out of Delaware. Her sample clearance skills quickly became legendary, and she has cleared releases for artists including Frank Ocean, Jay-Z, Macklemore, DJ Khaled, Kendrick Lamar, John Legend, Black Eyed Peas, Drake, Lil Wayne, Lady Gaga, Eminem, Rihanna, The Notorious B.I.G., U2, Nicki Minaj, Mariah Carey, Yela Wolf, and Beyoncé. She also handled Grands Rights clearance for Lin-Manuel Miranda's Broadway sensation 'Hamilton.'
Dmg Group
Deborah's featured film music clearances include Martin Scorsese's 'The Aviator'; Curtis Hanson's '8 Mile,' 'In Her Shoes,' and 'Lucky You'; The Coen Brothers' 'O Brother, Where Art Thou?'; Richard Linklater's 'School Of Rock'; and Josh Fox's 'How to Let Go of the World and Love All the Things Climate Can't Change.' She was the overall music supervisor for Allen Hughes' HBO documentary about Dr. Dre and Jimmy Iovine, 'The Defiant Ones,' for which she won the 2018 Best Music Supervision in a Docuseries or Reality Television award from the Guild of Music Supervisors, as well as the 2018 Grammy Award for Best Music Film.
She is an advisor to the new FOX music competition TV show 'The Four: Battle for Stardom' and has also cleared songs for the network's programs 'Empire' and 'Star.' Some of the many broadcast specials facilitated by DMG include concerts by Yolanda Adams, Rod Stewart, Tina Turner, Shakira, Beyoncé, and Rihanna as well as the HBO docuseries 'G String Divas.' DMG has handled numerous projects for BET, including 'Monica: Still Standing,' 'Trey Songz: A Moment in Time,' and 'The Michael Vick Project,' as well as their awards programs Sunday Best BET Awards, BET Hip Hop Awards, and BET Honors.
DMG also works regularly with Rockstar Games, Inc., clearing music usage for video games such as Grand Theft Auto V, Grand Theft Auto: San Andreas, The Warriors, Midnight Club 3: Dub Edition, Red Dead Redemption, LA Noir, and Max Payne. In addition, she helped bring designer Marc Eckō into the world of video games by clearing the music for 'Marc Eckō's Getting Up: Contents Under Pressure' as well as 4mm Games' 'Def Jam Rapstar.' DMG has also acted as a consultant for other video game companies such as EA Entertainment and Activision.
Deborah has also been responsible for a variety of high-profile music syncs in major ad campaigns in the U.S. and around the globe. She has cleared music from Frank Sinatra for Ciroc's campaign featuring Sean 'Diddy' Combs; Nicki Minaj for Kmart's Super Bowl spot promoting her fashion collection; Eminem, Lady Gaga, will.i.am, Robin Thicke, and Far East Movement for a series of Beats by Dre commercials promoting the company's headphones, with one also premiering Eminem's single 'Berzerk'; and Common for a Lincoln Navigator commercial in which the rapper takes viewers on a tour of his Chicago hometown.
Deborah has begun to explore additional business opportunities, and in February 2018, she was announced as a partner and advisor to the Swedish digital music startup TrackLib.
Deborah has spoken at SXSW and CMJ, as well as at Temple University and Widener College. She was also named 2016 Entrepreneurial Woman of the Year by the New Castle County Chamber of Commerce (NCCCC) in Delaware. She is a graduate of Emerson College, where she studied stand-up comedy (one of her professors was Denis Leary). DMG Clearances, Inc., is a dog-friendly office, with Deborah's own Dakota and Peyton leading the pack. She loves to explore new places, both within the U.S. and internationally, meeting the locals and collecting art as she goes.Janice Shreve
Having been a teacher for over 20 years, Janice was frazzled and ready for something completely different. When offered the chance to become part of the DMG team in 2009, she quit her lifelong career and delved into the music sample clearance business! She has found a new home at DMG, though certainly not an unfamiliar one, as Deborah and Janice have known each other since early childhood. Janice's attention to detail serves her well in contract administration and sample licensing. And, she has been pleasantly surprised that an old hippie-at-heart can love so many different genres of music!
Rachel Lefkowitz
Rachel earned a Bachelors Degree in Photography from the Art Institute of Boston in 2004. While photography is her first love, she decided to pursue other avenues while looking for a career. After bouncing around the Publishing industry for 9 years, Rachel was given an opportunity to join DMG in 2014, and has never looked back. In addition to photography, Rachel loves music, Halloween, adventures, laughing, and most of all, her dog, Loki.
Deborah Evans
Deborah Evans began working in the music publishing business in 1998 for Beebe Bourne at Bourne Co. representing a prestigious catalogue of standards such as 'Me and My Shadow,' 'Here's That Rainy Day,' 'Unforgettable,' and 'When You Wish Upon a Star.' She later joined the staff of The Harry Fox Agency for several years, working in both the synchronization and the mechanical licensing departments. In 2002, she moved to Helene Blue Musique Ltd. as Director of Copyright and Licensing, managing all areas of copyright, licensing, and royalties for the company. Deborah later took on the responsibilities of Director of Publishing for Stray Dog Music, a Brooklyn-based company handling a growing and diverse catalogue of indie-rock, alt-country, rock-a-billy, jazz, pop, and hip-hop. She is now an independent music publisher of her own, having started Della Music Publishing LLC in August 2007, and represents Latin dance, R&B, and hip hop artists such as Vein, Redman, and Faith Evans. In 2009, Deborah Mannis-Gardner and DMG Clearances came into her life and since then, the fascinating and challenging world of clearing music for diverse projects such as films, tv, internet streaming, video, art installations, album compilations, and classical pieces sampling other music or literary works, became incorporated into her workday. A musician herself, Deborah holds a Master's Degree in Harpsichord Performance from Montclair State University and also spent many years teaching piano and performing. She resides in New Orleans with her husband Joe and daughter Gianna.
Nicolle Johnson
Born and raised in Los Angeles California, Nicolle got her first start working on various music videos, films and popular sitcoms such as Brandy's Moesha while attending Hamilton High performing arts academy. After graduation, Nicolle continued her education at California State University Northridge earning her Bachelors Degree in Communications, Cinema & Television. She landed her first career position in music publishing in 2005 with Universal Music Publishing Group. She gained a great deal of experience and knowledge assisting in various departments such as A&R, Royalties and ultimately accepting a permanent role within the Film & TV music clearance department as Coordinator, Music Clearance. In 2014, Nicolle started her new position at Warner Chappell Music as Manager, Synch Licensing, negotiating and licensing music clearance for very high profile writers and artists under the Warner catalog. Nicolle's duration at UMPG and Warner was an unforgettable experience. Working on projects for Viacom Networks, Sony Pictures, NBC Universal, BET, Disney, Intl. commercials, various Films and TV productions. She frequented music awards, live tapings, concerts and met many talented artists along the way. After 13 years of working with two of the largest music publishers, Nicolle and her family took a leap of faith and moved across the country to South Florida. Here is where she decided to take her Music Industry expertise and open up her own Music Consulting office, NJ Music Clearance in 2018. In 2019, Nicolle was given an amazing opportunity to work with Deborah and her team as a consultant at DMG utilizing her passion for music and love for the industry. She currently resides in Sunny South Florida with her family, enjoying the beautiful beaches, art and music festivals, exploring the many different Caribbean foods and spending time with her family and friends.
Music Clearance Consultant - Nicole Passon
Nicole Passon began her journey at DMG Clearances, Inc in November 2014 and is tremendously grateful for the incredible opportunity that she has encountered here! She has previously worked independently in the Wellness and Fitness Industry for over 17 years, the last several of which she has used as a catalyst to support her true passion, which is serving others through the power and beauty of music. Nicole manages two outstanding recording artists who have been working together for years creating a sound quality as well as a lyrical content that is foundationally unique and universally inspiring. Nicole still continues to work independently, sharing her concept, Simplicity of Self, (www.simplicityofself.com) where she works with individuals from all over the country by phone sharing simple concepts that support an individual's ability to relax into themselves, through self awareness, meditation, integrity and self acceptance.
Intern - Dani Friedman
Dani is so excited to have joined the DMG Clearances team in the summer of 2019. She is currently in her second year as a Music Business student at New York University, where she is a board member of the program and helps to keep it as one of the best in the country. She is also a member of the NYU Program Board, which organizes events and concerts on campus for the students and community. When she isn't working at DMG, Dani loves going to concerts, booking shows around the New York City area, and spending time with her friends. She hopes that she can use her experience at DMG to really figure out what she wants to do in the music industry.
Intern - Victor Ogbuehi
Victor joined the DMG Clearances team at the end of 2018. In 2017 he graduated from Rutgers University, with a major in criminal justice and a minor in political science, before being accepted to Widener University Law School that same year. In his free time Victor enjoys writing poetry, boxing, and listening to music. He is the treasurer of his school's Intellectual Property Society as well as a general body member of the Black Law Student Association. Victor plans to use the skills he gains during his time at DMG Clearances to become a successful lawyer in entertainment law and Intellectual property.
Intern - Reinier Smit
Reinier joined staff in the Summer of 2018 and enjoys coming into work every day! He spends his free time with friends hiking, going to concerts and relaxing. Reinier is in his final year at Delaware Law School and recently became staff editor on Law Review. He is the president of the Intellectual Property Society on campus and organizes several events on campus. Before law school, he graduated from Temple University in 2016 with a B.S. in mechanical engineering and a concentration in bio-engineering. In 2018, while working as a research consultant, Reinier filed a patent application with the USPTO and was listed as a co-inventor. He hopes to use all the experience at DMG Clearances to further increase his credentials and become a successful intellectual property lawyer.
DMG Canine Department
Peyton, Dakota, Kramer, Lexi, and Loki are our loyal companions, whose responsibilities include sleeping, barking at neighbors, getting belly rubs, and receiving treats. The beagles are particularly good at sniffing and monitoring the perimeters of the property to make sure there are no breaches, while Peyton and Dakota excel at snatching anything unattended on our desks - especially lunches and electronic devices, and Loki takes her job as a bird-chaser extremely seriously. DMG would be a lot less adorable without them.
Deb's dog Charlie prefers to eat used Kleenex rather than food and for fun he frolics on the Mississippi River levee. Deb just frolics around Nola with her husband Joe and daughter Gianna when not working hard for DMG or playing her harpsichord.
