DNA Dynamics, Inc. Announces the Closing of Their Bitcoin ATM Patent AcquisitionDNA fully executes contract and completes 2018
January 03 2018 - 10:30AM
InvestorsHub NewsWire
DNA Dynamics, Inc. Announces
the Closing of Their Bitcoin ATM Patent Acquisition
DNA fully executes contract
and completes 2018 payment
London, U.K. -- January 03, 2018 -- InvestorsHub NewsWire
-- DNA Dynamics, Inc. (USOTC:DNAD)
announces today that its UK Subsidiary, DNA Interactive Games
Limited, has closed on their recently announced Bitcoin ATM Patent
acquisition as referenced in the OTC Markets supplemental filing
available from http://www.otcmarkets.com/stock/DNAD/filings
Such is the value of the patent, the contract called for a
substantial initial down payment and further payments for up to a
period of five years, with an option to complete the full transfer
of title earlier for a discounted figure. That initial payment has
now been made and the contract has been executed by both
parties.
DNA will immediately begin implementing the next phase of its
growth initiatives to start marketing and developing the patent
technology. DNA has begun contacting bitcoin ATM manufacturers and
operators and working with them to license the use of the patented
technology for ongoing royalty payments.
CEO Carl Grant summarizes as follows: "Management has begun
exploring strategies to begin creating revenue from our Bitcoin ATM
Patent. We plan to explore potential acquisitions of already
established ATM distribution companies as part of this strategy. I
look forward to keeping our growing shareholder base informed on
progress made regarding licensing, royalty revenue and potential
acquisitions in the Bitcoin payment processing space in due
course."
About DNA Dynamics, Inc.
Headquartered in Grandville, Michigan, and with operations in
the UK, DNA Dynamics' business focuses building a sustainable and
stable Crypto-currency ecosystem.
For more information please email info@dnadynamicsinc.com
Forward-Looking Statements
This press release may contain forward-looking statements,
including information about management's view of DNA Dynamics,
Inc.'s future expectations, plans and prospects. In particular,
when used in the preceding discussion, the words "believes,"
"expects," "intends," "plans," "anticipates," or "may," and similar
conditional expressions are intended to identify forward-looking
statements. Any statements made in this news release other than
those of historical fact, about an action, event or development,
are forward-looking statements. These statements involve known and
unknown risks, uncertainties and other factors, which may cause the
results of DNA Dynamics, its subsidiaries and concepts to be
materially different than those expressed or implied in such
statements. Unknown or unpredictable factors also could have
material adverse effects on DNA Dynamics' future results. The
forward-looking statements included in this press release are made
only as of the date hereof. DNA Dynamics cannot guarantee future
results, levels of activity, performance or achievements.
Accordingly, you should not place undue reliance on these
forward-looking statements. Finally, DNA Dynamics undertakes no
obligation to update these statements after the date of this
release, except as required by law, and also takes no obligation to
update or correct information prepared by third parties that are
not paid for by DNA Dynamics.
Sincerely,
Carl Grant.
President
DNA Dynamics, Inc.
2885 Sanford Ave SW #41437
Granville, MI.
49418