SHAREHOLDER’S UPDATE — DECEMBER 28, 2022
DBMM OUTLINES AMBITIOUS PLANS FOR GROWTH AS IT PASSES ANOTHER MAJOR MILESTONE — AND TAKES A VICTORY LAP
Following recent Shareholder Updates by Digital Brand Media & Marketing Group, Inc. (“The Company” and “DBMM”), and its brand, Digital Clarity (“DC”), The Company has today, announced a series of updates and plans for 2023.
The Company asks all shareholders, investors, new stakeholders, and supporters, to read this update carefully and digest both the extraordinary events that have taken place that has propelled the company to where it is today, through to the forward-looking ambitions for 2023 and beyond – all of which seemed unimaginable and would have left many organizations, crumbling by the wayside.
In order for this release to be helpful to all and for the sake of transparency, which the company has always adhered to, we have segmented this release into readable chunks.
FINRA CLEARANCE AND A US MARKET MAKER NAMED
The Company, via its sponsor Glendale Securities, Inc., achieved FINRA clearance under Reg 6432 and SEA Rule 15c211 on October 26, 2022. This was also the date that Glendale Securities, Inc., the Company’s sponsor and applicant to FINRA was designated DBMM’s, Market Maker.
REMOVAL OF THE CAVEAT EMPTOR (CE)
Since the dismissal on November 12, 2019, by ALJ Carol Fox Foelak, the Dismissal remains the Standing Order. The credentialed experts agreed along the way that the removal of the Caveat Emptor from DBMM’s stock ticker on the OTC Market was the next step. Following OTCM instructions explicitly and implicitly, the Company was approved for normal trading with all restrictions lifted and the US Market open to all.
The removal of the CE was announced by OTCM on December 20, 2022. The process required from Glendale Securities sponsorship for application to FINRA followed extensive due diligence required by the 15c2-11 Amendments of September 28, 2021, resulting in clearance by FINRA. A request by DBMM followed requesting the removal of the CE by OTCM.
The enormous time and resources required, step-by-step cannot be understated. The Company was successful at every milestone, and finally DBMM, now returned to normal trading. The next step is to return to normal business, leveraging to growth as described below.
FORWARD-LOOKING BUSINESS GROWTH 2023
Reggie James, the Founder and Managing Director of DC and the Chief Operating Officer of DBMM said, ” DBMM’s operating business, Digital Clarity, is a management consultancy, in the right place as organizations seek professional, trusted advice to navigate complex business transformation in 2023.
As normal trading continues, Growth Capital Infusion by Long-Term Investors as cited previously will deliver a scalable growth plan in the operating business. The evolved, post-pandemic, pragmatic business model, will be executed in a market set for explosive growth.”
He added, “The rising need for improved customer digital experience is notably driving the marketing consulting market growth. Unlike many industries, the marketing consulting market is expected to increase by $3.83 billion from now to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.75%. As companies enter the New Year, Digital Clarity’s process and actionable insights help companies evaluate and develop growth strategies as they pivot against an uncertain and volatile 2023.
DC is well-positioned, and a leader for its size in the industry, which has already earned a ‘seat at the table,’ to lead and direct companies to increase their digital footprint and return on investment. Removing the yoke of mitigating external circumstances allows for DC’s competitive advantage honed by experience and reputation, to increase its client base and revenues. Since its acquisition, the growth of DC has been deferred by external events—no longer.”
James concluded, “We have a skill set in demand. We are in the right market, with the right plan and a massive opportunity. With the injection of the forthcoming working capital, our future looks very bright and no doubt, prospective company acquisitions, and partnerships are on the table.”
CONTINUED ACCUMULATION OF INFORMATION FOR POTENTIAL ACTION AGAINST STOCK MANIPULATION.
The Company has noted that recent prosecutions by the SEC and the DOJ of named individuals who deliberately manipulate and peddle misinformation, often slanderous are cause for regulatory and public policy concerns. DBMM has long highlighted the negative aspects of those paid to create chaos and scare shareholders. The Company stated in recent Shareholder Updates, that it has sought advice from individuals and organizations prudent in these matters, and participation by third parties in monitoring and gathering information.
PUBLIC MARKET ACTIVITY SINCE THE REMOVAL OF THE CE
Shareholders are encouraged to ‘exhale after winning’ following the removal of the CE after such a protracted period, following the Dismissal over 3 years ago. Patience is required as all the permutations of the market from algorithmic trading to short-selling distraction, short-term to long term tactics as shareholders enter and exit our investment community. The Company has long-term investors who are committed to supporting DBMM to grow into a NASDAQ company.
The Company has successfully completed everything it said it would and it will deliver going forward as well. The next stage is development, while crucial. The first step for the shareholders is to acknowledge the market for DBMM must set a normalized, return to market, pattern first, and then strategize the integration of news and new milestones. This is all new after many years absent from its trading platform. The Company is re-entering the market strategically and it is a long term strategy.
Next step, The Company intends to apply to Up-list from PINK CURRENT to OTCQB. Building on the OTCM review in order to remove the CE, the Company wishes to leverage the association as a Member of OTCM. To that end, DBMM has contacted OTCM indicating it now meets all criteria for the OTCQB higher platform. OTCM has already responded that they will work with the Company early in the New Year to effect the transition to the higher platform.
MARKET AWARENESS OUTREACH
We will be sharing more initiatives soon. In the interim, shareholders’ information should only be from credible, public sources.
DBMM wishes all stakeholders Happy Holidays and looks forward to a prosperous and exciting New Year. We will be sharing more soon. Get your information from credible sources only.
SAFE HARBOR PROVISIONS:
The foregoing contains certain predictive statements that relate to future events or future business and financial performance. Such statements can only be predictions, and the actual events or results may differ from those discussed due to, among other things, those risks described in DBMM’s reports filed with the SEC. Opinions expressed herein are subject to change without notice. This document is published solely for information purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities in any state. Past performance does not guarantee future performance. Additional information is available upon request.