VANCOUVER, British Columbia, Feb. 20,
2018 (InvestorsHub 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.
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,
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
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.