DBMM Updates Re-Structuring Action
NEW YORK, NY and LOS ANGELES, CA and LONDON, UNITED KINGDOM–(NewMediaWire – Jul 31, 2015) – On July 17, 2015, Digital Brand Media & Marketing Group, Inc. (OTC PINK: DBMM) issued an 8-K and announced a Corporate Action to restructure the common share structure approved by FINRA. The Company expects the share price to stabilize upward after the 20-day period following the restructuring during which the “D” is on the symbol. The SEC 20-day period allows time for all administrative details to be organized by brokerage houses and professionals who maintain an orderly market.
The 3Q 10-Q financials will be released shortly to reflect the corporate action even though it became effective on July 17, 2015, well into the 4th quarter. The 3rd quarter continued growth in revenues and decreases in expenses will continue to document 2015 as a strong fiscal year. The Company’s financial advisors suggested the new foundation for review will be a clearer communication, rather than waiting for 4Q.
The transparency will position the Company’s fundamentals accurately and positively. As stated in Press Release of July 20, 2015, the Company is taking significant action “to aggressively widen (its) brand exposure using a variety of digital and social channels. There are investors around the globe who understand the digital marketplace and its growing influence on consumer decisions. DBMM is targeting these new investors through a global digital and traditional integrated campaign which will be run by Digital Clarity, with third parties, as required for distribution.”
The outstanding shares as of August 1, 2015 remain at 4,414,975 common shares issued.
About Digital Brand Media & Marketing Group, Inc. (DBMM):
DBMM Group crafts, designs and executes digital marketing strategies across multiple ad platforms and social media networks for a broad array of clients to help each of them establish a uniform brand identity across the digital universe. The product offering is a unique value proposition of intelligent analytics provided by an experienced digital marketing and technology team.
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.
Digital Brand Media & Marketing Group, Inc.
TEL: +1 646 722 2706