Digital Ally Appoints Gateway to Lead New Strategic Investor Relations Program
May 04 2022 - 9:00AM
Digital Ally, Inc. (NASDAQ: DGLY) (the
“Company”), has engaged
Gateway Group,
Inc., a leading strategic financial communications
and capital markets advisory firm to build and manage its new
strategic investor relations program.
Gateway is a strategic financial communications
firm specializing in advising public and private companies across a
broad range of industry classifications. Founded in 1999, Gateway
provides high-level capital markets consulting, corporate
communications, and investor outreach services.
“2021 was a successful and transformative year
for Digital Ally, highlighted by the 104% increase in revenue we
delivered along with solid profitability,” said Chairman and CEO
Stan Ross. “Our accretive acquisition of TicketSmarter®, a national
ticket marketplace with nearly 50 million tickets for sale for over
125,000 events, was well timed as we’ve seen attendance and ticket
sales surpass pre-pandemic levels.”
The TicketSmarter acquisition is reflective of
the Company’s M&A strategy, which focuses on businesses with
positive earnings, growth potential, higher-margin service channels
and organizational synergies that can benefit from Digital Ally’s
companies and relationships. Along that line, Digital Ally recently
formed Digital Ally Healthcare, a joint venture that leverages the
Company’s M&A playbook to consolidate privately held revenue
cycle management businesses in the fragmented medical billing
industry. In parallel, the Company is further augmenting its legacy
video solutions business with next-gen body cameras and SaaS-based
products for federal and commercial customers.
“Given our financial results, operational
momentum, and growth outlook for 2022, we believe now is the right
time to engage an experienced communications firm to ensure
investors properly understand our vision, strategy, and opportunity
ahead to create substantial shareholder value over the long-term,”
said Ross. “We look forward to working with the Gateway team to
deploy a proactive program to elevate our profile on Wall
Street.”
Gateway will work closely with Digital Ally
leadership to develop and deploy a comprehensive capital markets
outreach and communications program. Activities will include but
are not limited to refining overall company and investment-oriented
messaging and corporate positioning, strategic advisory services,
and introductions to institutional investors, sell-side analysts,
and other key influencers in the broader financial community.
Gateway will also assist in organizing roadshows and securing
invitations to select financial conferences.
About Digital Ally, Inc.
Digital Ally Companies (NASDAQ: DGLY) through
its subsidiaries, is engaged in video solution technology, human
& animal health protection products, healthcare revenue cycle
management, ticket brokering and marketing, and event production.
Digital Ally continues to add organizations that demonstrate the
common traits of positive earnings, growth potential, innovation
and organizational synergies.
For additional news and information please visit
DigitalAllyCompanies.com or follow additional Digital Ally Inc.
social media channels here:
Facebook | Instagram | LinkedIn | Twitter
About Gateway Group, Inc.
Headquartered in Newport Beach, California,
Gateway Group is a leading comprehensive capital markets and public
relations consultancy firm. Since 1999, Gateway has delivered
strategic consulting, corporate messaging and positioning, earned
media strategies, leadership visibility, investor awareness, and
analyst and press coverage. Gateway executives have extensive
experience in capital markets, financial and brand communications,
and represent clients in a wide range of industries, including
technology, consumer, industrials, financial services, and business
services. For more information, visit our website or
follow us on Twitter and LinkedIn.
Digital Ally Investor
ContactMatt Glover and John YiGateway
GroupDGLY@gatewayir.com 949-574-3860
This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Act of 1934. These
forward-looking statements are based largely on the expectations or
forecasts of future events, can be affected by inaccurate
assumptions, and are subject to various business risks and known
and unknown uncertainties, a number of which are beyond the control
of management. Therefore, actual results could differ materially
from the forward-looking statements contained in this press
release. A wide variety of factors that may cause actual results to
differ from the forward-looking statements include, but are not
limited to, the following: our operation in developing new markets
and uncertainty as to market acceptance of our technology, new
products, services, joint ventures and similar strategic
agreements, and our ability to grow the Kustom440 subsidiary;
whether the Company will make a global impact with its technology
innovations; whether the Company will be able to adapt its
technology to new and different uses, including being able to
introduce new products; competition from larger, more established
companies with far greater economic and human resources; its
ability to attract and retain customers and quality employees; the
effect of changing economic conditions; and changes in government
regulations, tax rates and similar matters. These cautionary
statements should not be construed as exhaustive or as any
admission as to the adequacy of the Company’s disclosures. The
Company cannot predict or determine after the fact what factors
would cause actual results to differ materially from those
indicated by the forward-looking statements or other statements.
The reader should consider statements that include the words
“believes”, “expects”, “anticipates”, “intends”, “estimates”,
“plans”, “projects”, “should”, or other expressions that are
predictions of or indicate future events or trends, to be uncertain
and forward-looking. The Company does not undertake to publicly
update or revise forward-looking statements, whether as a result of
new information, future events or otherwise. Additional information
respecting factors that could materially affect the Company and its
operations are contained in its annual report on Form 10-K for the
year ended December 31, 2021.
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