AN UPDATE TO DBMM SHAREHOLDERS
AN UPDATE TO DBMM SHAREHOLDERS
On May 4, 2017, Digital Brand Media & Marketing Group, Inc. (DBMM) issued a statement to clarify an unauthorized Press Release (PR) issued by the Plaintiff in an ongoing litigation.
As stated, DBMM fully intended to file a Motion today to introduce new facts. However, as Marshal Shichtman, DBMM’s Counsel commented, “Litigation is often a fluid process.”
As such, the parties and their respective counsels have agreed to meet on Thursday, May 11, 2017 to discuss the matter at hand. Both parties are approaching the meeting in a spirit of reaching a mutually satisfactory solution, discontinue the distractions and each get on with our respective businesses.
DBMM appreciates the support received from their shareholders and the Company is diligently executing its Business Plan and developing the growth trajectory described over the last 2 years. We anticipate providing the requisite filings in due course as stated.
For and on behalf of Digital Brand Media & Marketing Group, Inc.
Safe Harbor Provisions:
The foregoing contains certain predictive statements that relate to future events or future business and financial performance. Such statements can only be predictions, and the actual events or results may differ from those discussed due to, among other things, those risks described in DBMM’s reports filed with the SEC. Opinions expressed herein are subject to change without notice. This document is published solely for information purposes, and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities in any state. Past performance does not guarantee future performance. Additional information is available upon request.