Digital Ally, Inc. (NASDAQ: DGLY)
(the
“Company”),
today announced that Stanton E. Ross, Chairman and CEO, and Brody
J. Green, President, will be presenting at The Aegis Virtual
Conference on May 2nd at 9:30 AM EST, and at The Inaugural EF
Hutton Global Conference, on May 11th at the Plaza Hotel in New
York City.
Event |
The Aegis Virtual
Conference |
Date |
May 2 - 4, 2023 |
Presentation |
May 2nd @ 9:30am Eastern
Time |
Location |
Virtual |
The Aegis Virtual Conference is a three-day
conference, held May 2nd - 4th. The conference will bring together
a highly selective group of companies and key business partners, as
well as our extensive network of retail brokers, clients,
institutional funds, and money managers who collectively hold
access to over $100 billion in capital. The conference will be held
virtually on Zoom, offering a convenient and accessible platform
for attendees.
Event |
The Inaugural EF Hutton Global
Conference |
Date |
May 10 - 11, 2023 |
Presentation |
1-on-1’s May 11th from 8:30am
to 3:15pm |
Location |
The Plaza Hotel, New York
City |
The Inaugural EF Hutton Global Conference is a
two-day, invitation-only event featuring key executives from
approximately 150 public and private companies to convey their
unique stories to an extensive audience that includes institutional
investors, high-net worth individuals, corporate clients and
exclusive members of the press.
The Company is excited to discuss its plans
surrounding the pursuit of a separation into two independent,
publicly-traded companies to optimize investment and capital
allocation, accelerate growth, and unlock shareholder value. Upon
completion, the Company’s stockholders will own equity in two
focused and streamlined businesses that are both leaders in their
respective industries and well-positioned for continued
success:
- Digital Ally, Inc.
will continue to be a leading and innovative provider of video
solution technology for law enforcement agencies, commercial
fleets, and situational event security solutions. Digital Ally will
also continue to provide back-office services to a variety of
healthcare organizations throughout the country through its revenue
cycle management subsidiary.
- Kustom
Entertainment, Inc. will be a premier
multi-disciplinary entertainment company, anchored by a premier
ticketing technology business poised to achieve substantial scaling
opportunities, through its TicketSmarter, Inc. subsidiary, which
offers unique primary and secondary ticketing products to the
market. Additionally, Kustom Entertainment’s offerings will include
a distinctive event marketing and production company, with numerous
customization options for events, festivals, and concerts, through
its Kustom 440, Inc., subsidiary.
About Digital Ally
Digital Ally, Inc. (NASDAQ: DGLY) through its
subsidiaries, is engaged in video solution technology, human &
animal health protection products, healthcare revenue cycle
management, ticket brokering and marketing, event production and
jet chartering. 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
www.digitalally.com or follow Digital Ally Inc. social media
channels here:
Facebook | Instagram | LinkedIn | Twitter
Forward-Looking Statement
This press release contains forward-looking
statements within the meaning of the federal securities laws.
Forward-looking statements include all statements that are not
historical statements of fact and those regarding our intent,
belief, or expectations, including, but not limited to: statements
regarding Digital Ally’s and the ultimate spin-off company’s
(“SpinCo”) portfolio composition and their relationship following
the business separation; the anticipated timing, structure,
benefits, and tax treatment of the spin-off; benefits and synergies
of the spin-off; strategic and competitive advantages of each of
Digital Ally and SpinCo; future financing plans and opportunities;
and business strategies, prospects and projected operating and
financial results. In addition, there is also no assurance that the
spin-off will be completed, that Digital Ally’s Board of Directors
will continue to pursue the spin-off (even if there are no
impediments to completion), that Digital Ally will be able to
separate its businesses or that the spin-off will be the most
beneficial alternative considered or will achieve the planned
tax-free treatment. We caution investors not to place undue
reliance on any such forward-looking statements.
Words such as “anticipate(s),” “expect(s),”
“intend(s),” “plan(s),” “believe(s),” “plan(s),” “may,” “will,”
“would,” “could,” “should,” “seek(s),” and similar expressions, or
the negative of these terms, are intended to identify such
forward-looking statements. These statements are based on
management’s current expectations and beliefs and are subject to a
number of risks and uncertainties that could lead to actual results
differing materially from those projected, forecasted or expected.
Although we believe that the assumptions underlying the
forward-looking statements are reasonable, we can give no assurance
that our expectations will be attained.
Risks and uncertainties that could cause actual
results to differ materially from our expectations include, but are
not limited to: changes in global economic conditions (including
inflationary pressures) and geopolitical risks, including
macroeconomic fluctuations that may harm our business, results of
operation and stock price; our ability to source components and raw
materials from suppliers, including disruptions and delays in our
supply chain or the supply chain of our vendors; demand for our
products, which is variable and subject to factors beyond our
control; governmental regulations and failure to comply with those
regulations; fluctuations in the prices of our components and raw
materials; loss of personnel or being able to hire and retain
additional personnel needed to sustain and grow our business as
planned; risks from environmental liabilities, costs, litigation
and violations that could adversely affect our financial condition,
results of operations, cash flows and reputation; risks associated
with conducting a substantial portion of our business outside the
U.S.; adverse impacts from intangible asset impairment charges;
potential product liability or warranty claims; being unable to
successfully develop and introduce new products, which would limit
our ability to grow and maintain our competitive position and
adversely affect our financial condition, results of operations and
cash flow; significant competition in our markets; additional tax
expenses or exposures that could affect our financial condition,
results of operations and cash flows; the ability and willingness
of Digital Ally and SpinCo to meet and/or perform their obligations
under any contractual arrangements that are entered into among the
parties in connection with the spin-off and any of their
obligations to indemnify, defend and hold the other party harmless
from and against various claims, litigation and liabilities; and
the ability to achieve some or all the benefits that we expect to
achieve from the spin-off.
Readers should carefully review Digital Ally’s
financial statements and the notes thereto, as well as the section
entitled “Risk Factors” in Item 1A of Digital Ally’s Annual Report
on Form 10-K for the year ended December 31, 2021 and the section
entitled “Risk Factors Related to the Holding Company Proposal” in
the Digital Ally’s Registration Statement and the other documents
Digital Ally and its subsidiaries file from time to time with the
SEC. Readers should also carefully review the “Risk Factors”
section of the registration statement relating to the business
separation, which is expected to be filed by SpinCo with the SEC.
These filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking
statements.
These forward-looking statements reflect
management’s judgment as of this date, and Digital Ally assumes no
(and disclaims any) obligation to revise or update them to reflect
future events or circumstances.
We make no representations or warranties as to
the accuracy of any projections, statements or information
contained in this document. It is understood and agreed that any
such projections, targets, statements and information are not to be
viewed as facts and are subject to significant business, financial,
economic, operating, competitive and other risks, uncertainties and
contingencies many of which are beyond our control. Furthermore,
there are no assurance can be given that any particular financial
projections ranges, or targets will be realized, that actual
results may differ from projected results and that such differences
may be material. While all financial projections, estimates and
targets are necessarily speculative, we believe that the
preparation of prospective financial information involves
increasingly higher levels of uncertainty the further out the
projection, estimate or target extends from the date of
preparation. The assumptions and estimates underlying the
projected, expected or target results are inherently uncertain and
are subject to a wide variety of significant business, economic and
competitive risks and uncertainties that could cause actual results
to differ materially from those contained in the financial
projections, estimates and targets. The inclusion of financial
projections, estimates and targets in this press release should not
be regarded as an indication that we or our representatives,
considered or consider the financial projections, estimates and
targets to be a reliable prediction of future events.
Contact InformationBrody Green,
PresidentStanton Ross, CEOTom Heckman, CFODigital Ally,
Inc.913-814-7774info@digitalallyinc.com
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