Digital Assets Monetary Network Inc. (OTCMKTS: DATI) has provided an update to its shareholders regarding the way forward following disruptions due to the coronavirus pandemic.
DigitalAMN introduced measures to support small businesses
The company’s CEO, Ajene Watson, indicated they are delighted to create a highly rated ecosystem. They are determined to promote social empowerment, economic growth, and financial literacy in investment and business communities. He said that since 2017 the company has made massive progress, and it is looking forward to generating health cash flow in the next 24 months. Over the period, DigitalAMN has enhanced its business equity portfolio as well as fostered strategic alliances with VC’s angel investors and also private equity funds.
Ajene added that the company is doing much for the small business community, especially during this coronavirus period. For instance, its subsidiary unveiled a COVID-19 micro-funding initiative to support small businesses that have been affected by the COVID-19 pandemic. The company provided access to capital and resources as well as deferred or waived onboarding fees. The marketing services costs have been deferred, and DigitalAMN is covering costs attributed to third-party professional fees.
Easing of Reg. CF requirement helped DigitalAMN in offering support
The company’s initiative was dubbed “Keep The Light On,” and shortly after the launch of the program, the US SEC luckily eased Regulation Crowdfunding requirements. This offered conditional and temporary relief, which relaxed fundraising with Reg. CF. The CEO added that the SEC’s measures were important, especially during the COVID-19 crisis, and they helped the company validate the company’s continuing support for small businesses.
Going forward, DigitalAMN remains strong, and the company is striving to improve every facet of the company. This will help the company to remain financially and structurally sound during this crisis. Most importantly, in the last two and a half years, the company has experienced considerable growth. DigitalAMN’s YoY revenue has grown 197% and raised around $1.1 million since 2017. Similarly, it has minimized net losses by 58% and enhanced investments by growing its asset position by 246%.