Home Blockchain DMG Blockchain Solutions to Release Third Quarter 2022 Financial Report

DMG Blockchain Solutions to Release Third Quarter 2022 Financial Report

DMG Blockchain Solutions to Release Third Quarter 2022 Financial Report

VANCOUVER, British Columbia, Aug. 29, 2022 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and cryptocurrency technology company, today announces that it will release its third quarter financial results on Monday, August 29, 2022, after market close.

Management will hold a conference call on Tuesday, August 30, 2022 at 4:30 p.m. ET. Participants are invited to pre-register for the call via the following link: https://dpregister.com/sreg/10170761/f4406e0628.

Please note that registered participants will receive their call-in number upon registration and will connect directly to the call without delay. Those who do not have internet access or cannot pre-register can sign in by calling: 1-844-763-8274 (US toll-free), 1-412-717-9224 (international) or +1-647-484-8814 (Canadian toll-free). All callers should dial the number approximately 10 minutes before the scheduled start time and request to participate in the DMG Blockchain call.

The conference call will also be available via a live webcast found here, and will be available for webcast approximately one hour after the call ends and until November 30, 2022.

A telephone replay of the call will be available through April 13, 2022 and can be accessed by calling 1-877-344-7529 (US toll free), 1-412-317-0088 (international) or 855 -669-9658. (toll free in Canada) and using access code 8621362.

A question-and-answer session will follow the remarks prepared by management. Management will also respond to pre-submitted questions during the call. People wishing to submit a question can do so via investors@dmgblockchain.com using the subject line ‘Conference Call Question Submission’ until August 30 at 12:00 PM ET.

About DMG Blockchain Solutions Inc.
DMG is a vertically integrated, eco-friendly blockchain and cryptocurrency company that manages, operates and develops end-to-end digital solutions to monetize the blockchain ecosystem. DMG’s sustainable activities are segmented into two business areas under the Core and Core+ strategies and unified through the vertical integration of DMG.

Future changes in the bitcoin network-wide mining difficulty rate or bitcoin hash rate could materially affect the future performance of DMG’s bitcoin production, and future operating results could also be materially affected by Bitcoin price and an increase in hash rate mining difficulty.

For more information about DMG Blockchain Solutions, visit: www.dmgblockchain.com

Follow @dmgblockchain on Twitter and subscribe to the DMG YouTube channel.

On behalf of the Board of Directors,
Sheldon Bennett, CEO and Director

For more information, please contact:

DMG Blockchain Solutions Inc.
E-mail: investors@dmgblockchain.com
The Web: www.dmgblockchain.com

Investor Relations:
CORE IR 516-222-2560

For media inquiries:
Jules Abraham, Public Relations Manager

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Caution Regarding Forward-Looking Information

This press release contains forward-looking information or statements based on current expectations. Forward-looking statements in this press release include statements regarding the potential of Core+ strategies and plans, the launch of Terra Pool, the provision of products enabling the monetization of bitcoin transactions, the development and execution of products and services of the Company, the increase in self-operation, the launch of products and services, events, action plans and the potential of the Company’s technology and operations, among others, are all forward-looking information.

Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forward-looking terms such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe”, and “continue”. or the negative thereof or similar variations. Readers are cautioned that the assumptions used in preparing any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those anticipated due to numerous known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control, including, but without limitation, market and other economic conditions, volatility of the Company’s common stock price, business, economic and financial market conditions; the ability to manage operating expenses, which could adversely affect the Company’s financial condition; the ability to remain competitive as other, better-funded competitors develop and market competitive products; regulatory uncertainties; access to equipment; market conditions and product demand and prices; bitcoin demand and price; security threats, including loss/theft of DMG bitcoins; DMG’s relationships with its customers, distributors and business partners; the inability to add more power to DMG’s facilities; DMG’s ability to successfully define, design and launch new products on a timely basis that meet customer needs; the ability to attract, retain and motivate qualified personnel; industry competition; the impact of technological changes on products and the industry; inability to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend claims of third parties for infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and reliance on key personnel. DMG may not achieve its plans, projections or expectations. These statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including demand for its products, ability to successfully develop software, there will be no regulations or laws that will prevent the Company from carrying on business, expected costs, ability to obtain sufficient capital to carry out its business plans, ability to achieve its objectives and the price of bitcoin. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. DMG’s securities are considered highly speculative due to the nature of DMG’s business. For more information regarding these and other risks and uncertainties, please see the Company’s filings at www.SEDAR.com. In addition, DMG’s past financial performance may not be a reliable indicator of future performance.

Factors that could cause actual results to differ materially from those in the forward-looking statements include, inability to obtain regulatory approval, continued availability of capital and financing, equipment failures, lack of supply of equipment, electricity and infrastructure, the inability to obtain permits necessary to operate the business, the impact of technological changes on the industry, the impact of Covid-19 or other viruses and diseases on the company’s ability to operate, secure equipment and hire staff, competition, security threats, including bitcoins stolen from DMG or its customers, consumer sentiment towards products, services and DMG’s blockchain technology generally, failure to develop new and innovative products, litigation, adverse weather or climate events, increased s operating costs, increased equipment and labor costs, falling Bitcoin price, counterparty default on contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further, the Company assumes no obligation to comment on any expectations or representations made by third parties with respect to the matters discussed above.


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