TORONTO, ON / ACCESSWIRE / November 23, 2020 / DigiCrypts Blockchain Solutions Inc. o/a DIGIMAX GLOBAL SOLUTIONS (the "Company" or "DigiMax") (CSE:DIGI) is pleased to announce that in preparation for its December 1 trial launch of its Crypto Trading App, that it is now accepting User applications on the DataNavee website at:
Use of the App will be free for the month of December and will be limited to experienced traders of crypto-currencies so that they can evaluate and provide feedback regarding the usefulness of the App prior to its public launch in January 2021.
A disclosed in its October 29, 2020 Press Release, wholly owned DigiMax subsidiary, DataNavee, has developed an AI-Based predictive trading information platform that has demonstrated an ability for an investor to realize superior rates of return trading crypto currencies such as Bitcoin and Ethereum based on results from trials over the past year.
As with other platforms developed by DataNavee, the program uses AI to sort through reams of data that includes not only the trading history of the currencies, but also both macro- and micro-economic data, world events, and global money flows. Bringing all of this data into one program gives the user an ability to predict small and large changes in pricing direction with a high correlation to actual price moves.
DigiMax is also pleased to announce that investors holding the remaining Convertible Debentures have converted an additional $133,750 of the outstanding Debenture. This leaves only $399,500 of the original $1,030,500 Convertible Debenture value remaining to be converted. As a result of this conversion, DigiMax has issued 2,675,000 common shares and warrants to acquire 1,337,500 shares at $0.05 within the next two years.
Additionally, a total of 800,000 warrants and 750,000 Options were exercised at 5 cents per share resulting in the receipt of $77,500 in cash to the DigiMax treasury.
Finally, the Company announces that Lowell Director has stepped down as a Director effective immediately. Lowell remains as a Registered Trading Representative with DigiMax Capital Corp., the registered Exempt Market Dealer owned by DigiMax.
About DigiMax DigiMax is based in Toronto and is the first company in the Digital Security space to be both publicly listed (listed on the Canadian Securities Exchange-symbol: DIGI) and own a registered Dealer. Canada, DigiMax Capital Corp is an 'Exempt Market Dealer registered in Ontario. The Company has a highly qualified management team with extensive experience in global financial and capital markets, combined with a rapidly expanding global presence through collaborative partnerships in the USA, Hong Kong, Indonesia, Malaysia, England, Singapore, Korea and Malta.
Contacts DigiMax: Chris Carl President & CEO 416-312-9698 email@example.com
Edward Murphy Chairman 416-720-0456 firstname.lastname@example.org
Cautionary Note Regarding Forward-looking Statements NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
This press release contains "forward-looking statements". Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include, among others, statements we make regarding a second closing.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: shareholders approving the change of name to DigiMax, the adequacy of our cash flow and earnings, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the App Platform described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com.
Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.