LOS ANGELES, Sept. 5, 2018 /PRNewswire/ -- Social Reality,
Inc. (NASDAQ: SRAX), a digital marketing and consumer data
management and distribution technology platform company, declared
it will issue a right to receive securities of BIGtoken Inc., the
company's wholly owned subsidiary to the holders of the company's
Class A common stock on the record date of September 17, 2018. The securities of BIGToken
will have such rights and preferences as determined by the board of
directors of BIGToken and shall be distributed when and if BIGToken
meets all regulatory requirements.
"We are excited for the Beta launch of BIGtoken, which is
working to solve data accuracy for the data market that is
estimated to be over $130 billion,"
stated SRAX's CEO and Chairman Christopher
Miglino. "As promised, we are issuing a dividend for
BIGtoken Inc. We look forward to rewarding shareholders as SRAX and
BIG grow."
BIG Platform, BIGtoken and Right
BIG Platform, built on the blockchain by SRAX, is a consumer
data management and distribution system. Under development, SRAX's
blockchain identification graph platform, BIG, is expected to be
the first consumer-powered data marketplace where people will own,
verify and sell access to their data. Through a secure blockchain
platform and open source governance structure, BIG will provide
everyone in the Internet ecosystem choice, transparency and
compensation to manage and access verified data. Participating
consumers will be rewarded, and developers will be able to build
online experiences on top of the BIG Platform. The system also
provides advertisers and media companies access to transparent,
verified consumer data to better reach and serve audiences. SRAX's
BIG Platform will improve the online experience for all interested
parties.
For more information on SRAX's BIG Platform, visit
www.bigtoken.com.
About SRAX
Social Reality, Inc. (NASDAQ: SRAX) is a digital marketing and
consumer data management and distribution technology platform
company. SRAX's technology delivers the tools to unlock data to
reveal brands and content owners' core consumers and their
characteristics across marketing channels. Through its blockchain
identification graph technology platform, BIG (www.bigtoken.com),
SRAX is also developing a consumer-powered data marketplace where
people will own and sell access to their data thereby providing
everyone in the Internet ecosystem transparency, choice and
compensation. SRAX's technology and tools deliver a digital
competitive advantage for brands in CPG, automotive, sports and
lifestyle verticals by integrating all aspects of the advertising
experience, including verified consumer participation, into one
platform. For more information on SRAX, visit www.srax.com.
Safe Harbor Statement
This press release contains certain forward-looking statements
that are based upon current expectations and involve certain risks
and uncertainties within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Words or expressions such as
"anticipate," "plan," "will," "intend," "believe" or "expect'" or
variations of such words and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements are not guarantees of future performance and are subject
to risks, uncertainties, and other factors, some of which are
beyond our control and difficult to predict and could cause actual
results to differ materially from those expressed or forecasted in
the forward-looking statements, including, without limitation,
statements made with respect to expectations of our ability to
increase our revenues, satisfy our obligations as they become due,
report profitable operations and other risks and uncertainties, as
set forth in our Annual Report on Form 10-K and Quarterly Reports
on Form 10-Q, as filed with the Securities and Exchange Commission.
All forward-looking statements involve significant risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements, many of which are
generally outside the control of Social Reality and are difficult
to predict. Social Reality undertakes no obligation to publicly
update any forward-looking statements, whether as a result of new
information, future events or otherwise.
Contact Information
Kirsten Chapman, LHA Investor
Relations, +1 415 433 3777, srax@lhai.com
Steve Stratz, Relevanz Public
Relations, 206.300.9134, steve@relevanzpr.com
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SOURCE SRAX