DBMM UPDATE MAY 17, 2017
Yesterday’s News Update reiterated concerns about misinformation in public sector as highlighted in our statement of May 16, 2017. In light of today’s News:
DBMM Management is addressing the trading suspension announced this morning by the Securities & Exchange Commission. This issue is being dealt with as we have been very transparent about the subject of DBMM’s filings and the reason for the delays.
The Company delayed its filings in order to eliminate certain aged debt in order to attract non-toxic, mezzanine financing. Unfortunately, certain matters triggered the SEC suspension now, ostensibly the delay. The Management is addressing the situation and will be updating shareholders along the way.
DBMM has been organically building its core business in cutting edge digital marketing since the acquisition of Digital Clarity in 2011. Year-on-year the foundation was stronger with client growth and differentiating services.We are proud of our progress and how we are viewed by our clients. The business is built on high-performing human capital, who combine a unique skill set in creativity and analytic prowess. For years, we have stated and proved that the business is grossly undervalued, while the costs of maintaining a public company and the cost of funding in the micro-cap market, prohibitive from many vantage points. That is why DBMM was changing its funding model.
The Business Model is sound with Proof of Concept and execution behind it. We will deal with this matter as required with our professional advisors. We previously thanked you for your support and asked for your patience. That has not changed.
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.