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DigitalAMN Acquires TruCrowd Services to Add Revenue Source
Thursday 26 March 2020

26 March 2020 - US public accelerator incubation company Digital Asset Monetary Network, Inc. (DigitalAMN) (OTC: DATI) has acquired a majority stake in marketing services firm TruCrowd Services, LLC. (TCS), focussed on marketing Regulation A+ and Regulation Crowdfunding, to secure an additional revenue sources, the company said.
Terms of the transaction were not disclosed.
DigitalAMN now owns a 60% interest in TCS [part of the DigitalAMN equity portfolio].
TCS' services will now play a significant role in the company's ecosystem. DigitalAMN completed the financial transaction to acquire TCS in late February and this past week, took full control of operations.
Currently operating the RegABoost brand, TCS was originally established in early 2019, with DigitalAMN as a minority co-founder.
Throughout the course of the past year, DigitalAMN made a series of needed capital infusions into TCS, to further the development and operations of the brand. With the continuing growth of equity crowdfunding and the recent surge of interest in Reg. A+, from both private and public companies, management recognised the growth opportunity for TCS as a marketing agency, as well as a potentially healthy revenue source for DigitalAMN.
TruCrowd Services, LLC currently operates the RegABoost brand and is a subsidiary of Digital Asset Monetary Network, Inc.
Date Published: 26/03/2020