SHAREHOLDER’S UPDATE —MARCH 14, 2022
Following Digital Brand Media & Marketing Group, Inc’s (the “Company” and “DBMM”) last update to shareholders on January 26, 2022, the conclusion of the second quarter of the 2022 fiscal year on February 28, 2022 and the disappointing second extension of the Final Order from the Commission delivered on March 9, 2022, the Company wanted to update shareholders with real news and real facts.
Most importantly, DBMM’s operating brand, Digital Clarity (“DC”) is turning the corner back to one of positive, commercial business development, although tenuous market conditions. Uncertain times have required careful maneuvering for clients and DC.
But even in those circumstances, the Management is excited to share an end-stage, very large pitch process that will be a game changer, allowing DC to work with senior business strategists across Europe and globally. It will be a significant step in a return to revenues which preceded the pandemic and well beyond, while positioning the Company to grow considerably beyond the 2018 reported $536,501.
Focused on this unusual opportunity, Reggie James, the Founder of DC and the Chief Operating Officer and Director of DBMM said, “I am pleased to announce that Digital Clarity was formally shortlisted from a talent pool of leading digital marketing strategists, competing with much larger consulting organizations. This is a testament to the skill-sets that DC has, alongside the reach and network of its connections, something the potential client has focused on.”
James added, “It clearly shows that in a world of commoditized digital services, DC’s unique consultative approach is both investable and in demand.” This reinforced fact bodes very well for the Company’s growth model, and when unencumbered and undistracted, is finally very achievable.
To that end, the labor intensive 15c2-11 with extensive back- up material was submitted to the sponsoring broker in early-February as indicated in our last Update. The removal of the CE icon on the OTC Markets website is solely their purview. The removal has been a long and arduous task and as mentioned previously has been a real impediment to growth and remains one of the Company’s key objectives.
Which brings the Update to the elephant in the room, the annoying and grossly unfair to shareholders, second extension of the Final Order for Dismissal decision, three more months to June 7, 2022. The Company’s resources in time and money has been negatively impacted by this matter dragging on unnecessarily following the Chief Justice’s Dismissal over two (2) years ago, and following full financial disclosure through the Super 10-K on May 31, 2018, available to shareholders and the public, then and going forward for the next four years. The Company believes this matter is one of four Commission divisions overreaching and ignoring facts in evidence, just to delay matters. It is time to conclude this matter and there are expedited avenues available to pursue which will be considered. Once again, DBMM will be acting in the best interests of the shareholders.
DBMM remains committed along with their long-term investors to work to qualify for NASDAQ by a combination of events driven by growth and acquisition.
The Company will move forward with these broad objectives and after the icon is removed, escalating the pace, and sharing all positive events, milestones and progress along the way with all its stakeholders.
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.