Company to Strengthen Management Team and Advisory Board as it Prepares to Announce its Initial Acquisition of a Leading Cryptocurrency Prior to its ICO
LOS ANGELES, CA / ACCESSWIRE / October 2, 2018 / Adaptive Medias, Inc. (OTC PINK: ADTM) today announced that it has filed to change its corporate name and stock trading symbol to DecentraFin, which is reflection of the Company's ongoing transition into the cryptocurrency market. The corporate name and ticker change are expected to be effective within the next quarter. The Company noted that it expects to further strengthen its management team and advisory board with a group of high-tech executives, some of which are considered to be the pioneers of the advent of the cryptocurrency marketplace.
The Company today also announced that today's name change as well as a number of additional corporate initiatives in the pipeline are being implemented in advance a strategic acquisition of a leading cryptocurrency platform prior to its highly-anticipated Initial Coin Offering (ICO). As of today, the target acquisition's valuation has already exceeded $30 million.
"We believe our aggressive, yes systematic, planning and hiring of select executives to lead our launch into the cryptocurrency marketplace will begin to generate significant and consistent returns on our investments almost immediately," said John B. Strong, Chairman and CEO of Adaptive Medias, Inc. Our new corporate name, DecentraFin, is a clear reflection of our company's goal, which will be to decentralize the financial industry for the benefit of the masses. This is an exciting time for our employees, clients and, perhaps most importantly, shareholders that have been supporting us from day one. We thank you for your ongoing support and look forward to report back to you on our progress shortly," concluded Mr. Strong.
For additional information or to be added to Adaptive Medias' investor lists, please contact investor relations at 855-386-3420.
About Adaptive Medias, Inc.
Adaptive Medias, Inc. (OTC PINK: ADTM) is expected to soon be renamed as part of the Company's transition into a cryptocurrency and cannabis play. The Company's new cryptocurrency division will focus on developing and launching alternative payment methods, including developing a solution to address the banking issues facing the emerging cannabis industry. The Company is currently in the process of strengthening its management team in advance of a global debut of its new technology. For additional information, please dial 855-FUND-420.
(This Press Release may contain certain forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Adaptive Medias, Inc. has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect Adaptive Medias' current beliefs and are based on information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause Adaptive Medias' actual results, performance or achievements to differ materially from those expressed in or implied by such statements. Adaptive Medias undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information contained in this Press Release including such forward-looking statements.)
Investor/Media Contact:
Investor Relations
John B. Strong,
Chairman and CEO
Phone: 844-565-5665
Company Contact:
Phone: 855-FUND-420
SOURCE: Adaptive Medias, Inc.