Digital Brand Media & Marketing Group (DBMM Group) Update
NEW YORK, LOS ANGELES and LONDON, June 10, 2013 /PRNewswire/ -- Digital Brand Media & Marketing Group, Inc. (OTCQB: DBMM) is implementing its Business Plan with increased activity and business development. Specifically, the Company continues to make strides in new market sectors and most recently has been in discussions with major managements in the music and entertainment sector.
Last month, Steve Baughman, Co-Chief Operating Officer and Head of US Operations travelled to Europe to attend a number of meetings with major names in the music industry both in London, England and Stockholm, Sweden. The meetings were in part, new opportunities as well as an on-going series of future and deeper engagement with companies seeking to collaborate in the increasing convergence of music and digital media and the shift in how consumers are engaging with both the music and the artist. The sector has been evolving at warp speed so a balance must be struck between what has staying power and what are short-term fads.
Reggie James, Co-Chief Operating Officer and Senior Vice-President, Marketing & Communications said: "Having attended a number of meetings with Steve Baughman, it is clear that there is a large appetite for companies in the music and entertainment arena to develop coherent digital strategies that can avail themselves of DBMM Group's digital agency, Digital Clarity's services, insight and vision." James added, "There is such a strong sentiment toward collaborative partnerships that certain conversations have moved into discussing potential acquisitive scenarios. This has resulted in doors opening at major companies with principals and their professional advisors in New York to take the next logical steps."
There will be a series of meetings which have been scheduled to take place the last week of June in New York to take matters to the next stage of the business development cycle. Further announcements will be made in due course where it is deemed there is no breach of commercial sensitivity for both DBMM Group and its identified partners.
DBMM closed its 3rd operating and financial quarter on May 31, 2013 which will be summarized in the 10-Q to be filed in mid-July.
About Digital Brand Media & Marketing Group, Inc. (DBMM)
DBMM offers Music & Entertainment Technology Solutions and Digital Marketing Services. Harnessing the strength of its digital marketing agency that has a trusted reputation as a company which has applied its expertise in developing cutting edge technology platforms for web, mobile and tablet devices.
Using Digital Clarity's application in the Marketing and Social arena, DBMM offers a unique value proposition of intelligent, analytics based technology solutions with the support of an experienced digital marketing team. Digital Brand Media & Marketing Group, Inc. is an OTC:QB Company. Symbol OTC QB: DBMM.
About Brand Entertain
Brand Entertain develops strategic, multi-channel branded entertainment properties and ventures that drive consumer engagement and grow product sales for brand partners online and in-store. Brand Entertain plays the roles of developer, packager, co-producer and licensor when it comes to original branded entertainment and media platforms.
Brand Entertain provides the strategy, architecture and strategic partner development necessary to finance and operate economically viable properties.
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.
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SOURCE Digital Brand Media & Marketing Group, Inc.
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