DigiMax Announces Two New Strategic Additions and one Departure from its Board of Directors

- December 19th, 2019

DigiMax Global Solutions is pleased to announce that the company has made two strategic additions and changes to its Board, effective immediately.

DigiMax Global Solutions (CSE:DIGI) (the “Company” or “DigiMax”) is pleased to announce that, as a continuation of its efforts to grow as a global leader in the Digital Securities financial space, the company has made two strategic additions and changes to its Board, effective immediately.

Douglas Anderson is based in New York City and is CEO of Wall Street Capital Partners, where he has operated for 22 years. Mr. Anderson assists companies in preparing to raise capital, or to become listed public companies. Mr. Anderson also has a vast global network of investors and corporations operating in a wide variety of sectors. As a Director, Mr. Anderson desires to connect DigiMax with bespoke investors and corporations where synergistic profitability could result. Mr. Anderson has a long history of sitting on the Boards of publicly listed companies in the United States and will bring valuable US experience to the Board and the Company as it continues its growth strategy outside of Canada.

Nikolai Vassev is an entrepreneur and investor skilled in investor relations, venture capital, equity analysis, and corporate finance. Nikolai spent 5 years in the technology sector where he was responsible for negotiating contract agreements with mid-market and enterprise organizations, as well as the Canadian and US governments. Nikolai is currently a Corporate Advisory consultant for several companies and sits on two public boards. Mr. Vassev will bring additional exposure for the Company to potential issuer clients, and potential investors into the Company. Mr. Vassev also has 3 years of experience working for two enterprise cyber security companies which will add value as DigiMax launches its on-line platform early in the New Year.

The Company also welcomes the appointment of Edward Murphy as the Chair of the Board of Directors. Mr. Murphy has been a member of the Board since the completion of the RTO transaction with TJR Coatings Inc. on March 29, 2018. Mr. Murphy has more than two decades experience sitting on boards of companies listed on all of Canada’s securities exchanges and brings a strong Corporate Governance oversight to the Board.

“We would like to welcome Douglas and Nikolai to our DigiMax Board of Directors, and Edward Murphy as our new Chair” said DigiMax CEO and Director, Chris Carl. “We already have an excellent working relationship with the two new Directors and as we continue to develop DigiMax into a stronger, more execution-oriented company, both of these individuals will be able to provide valuable guidance as Directors, and valuable contacts through their respective businesses.”

“We also would like to thank David Posner for his service as a founding shareholder, and Chair of our Board of Directors of DigiMax since its inception in early 2018,” said Chris Carl. “David has worked very hard at bringing necessary capital to the company and to guiding the Founders and the Directors through the necessary changes the company has made over the past year. David has other personal commitments on his time that has led to his decision to depart from the Board, but we look forward to a long and profitable relationship in the future in working with David outside of the Board.”

About DigiMax

DigiMax is based in Toronto and is the first global company in the Digital Security space to be both publicly listed (listed on the Canadian Securities Exchange-symbol: DIGI) and to be approved by OSC in Ontario, Canada as an ‘Exempt Market Dealer’.

DigiMax is currently seeking to become a registered dealer in several other countries and is developing a state-of-the-art platform with its partners to provide qualified investors preferred access to high quality digital security offerings in the rapidly growing Digital Security market. DigiMax also assists companies to raise capital through traditional forms of securities.

The Company has a highly qualified management team with extensive experience in global financial and capital markets, combined with a rapidly expanding global presence with joint venture partnerships already established in such important geographies as USA, Hong Kong, Indonesia, Malaysia, England, Singapore, Korea and Malta with discussions or negotiations underway in several more.

Contacts DigiMax:

Chris Carl
President & CEO
416-312-9698
ccarl@digimax-global.com

Edward Murphy
Chairman
416-720-0456
EMurphy@digimax-global.com

Cautionary Note Regarding Forward-looking Statements

NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

This press release contains “forward-looking statements”. Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding changing the Company’s name.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: shareholders approving the change of name to DigiMax, the adequacy of our cash flow and earnings, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the App Platform described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment.

Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Click here to connect with DigiMax Global Solutions (CSE:DIGI) for an Investor Presentation.

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