DMG Blockchain (TSX-V: DMGI) Announces Formation of Regulatory Advisory Board
Vancouver, B.C. - February 20, 2018 (Investorideas.com Newswire) DMG Blockchain Solutions Inc. (TSX-V: DMGI) ("DMG" or the "Company"), is pleased to announce the appointment of Varun Gupta, Lou Kerner, and Samuel Osei to the Advisory Board of DMG. Each advisor brings a unique set of skills and knowledge to assist DMG in its diversified business model.
Varun Gupta - Head Legal Advisor
Mr. Gupta is a leading lawyer in the blockchain and cryptocurrency industry, having been the founding Chief Legal Officer of BitFury. He has over 20 years of corporate and regulatory legal experience and has been a Partner at major international law firms such as Latham & Watkins, Akin Gump, and Allen & Overy. In private practice, Mr. Gupta worked on numerous high-value, cross-border M&A and IPO transactions. Mr. Gupta graduated from Georgetown Law School, and after a prestigious federal clerkship, he began his legal career at a top Wall Street law firm. He resides in San Francisco.
Lou Kerner - Cryptocurrency Advisor
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. CryptoOracle co-hosts BlockFin, the largest Crypto Focused FinTech Conference in the world. Mr. Kerner has been a Crypto enthusiast, investor, public speaker and thought leader since 2013, when the Wall Street Journal called Lou "Wall Street's Bitcoin Expert". Mr. Kerner is ranked among the most influential Crypto bloggers on Medium, regularly keynotes major Crypto industry events, and often appears on TV and in print speaking about Crypto. Mr. Kerner had a distinguished career as an equity analyst following media and technology companies for Goldman Sachs and Merrill Lynch. He has a B.A. from U.C.L.A. and an MBA from The Stanford Graduate School of Business.
Samuel Osei - Legal Advisor
Samuel Osei is a certified bitcoin professional and lawyer specializing in commercial and blockchain/cryptocurrency law. Samuel is the principal of Samuel Osei Law Corporation, a Vancouver law firm at the forefront of crypto-legal work. Mr. Osei's experience in the crypto-legal field includes advising companies, facilitating large cryptocurrency transactions and engaging in litigation. Mr. Osei's understanding of cryptocurrencies and their associated technologies have made him a highly sought-after professional for companies and individuals, alike, seeking legal guidance in this space.
"In an ever-evolving regulatory environment, it is important for DMG to have highly experienced advisors that provide proper perspective and guidance, as we scale our business. Mr. Gupta is regarded as one of the most knowledgeable and experienced cryptocurrency attorneys having previously worked at Bitfury, a leading Blockchain and Cryptocurrency company. With DMG's diversified approach to cryptocurrency and blockchain, it is crucial for us to have a vast array of advisors to assist us in achieving our goals for our customers and shareholders," commented Daniel Reitzik, CEO and Director of 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,
Daniel Reitzik, CEO & Director
For further information please contact:
DMG Blockchain Solutions Inc.
Investor Relations: John Martin
Toll Free: 1-888-702-0258
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information based on current expectations. Statements about the Company's plans and intentions, other potential transactions, product development, 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; access to equipment; 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, lack of supply of equipment and infrastructure, 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, increase in equipment and labor 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.
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