FORT LAUDERDALE, FL / ACCESSWIRE / October 30, 2017 / DNA Brands Inc. (OTC PINK: DNAX) is pleased and excited to announce that the company has signed a new consultant, Mr. Howard Ullman. Mr. Ullman brings with him industry leadership, a strong work ethic, focus, expertise and a strong track record, who will assist and guide DNA Brands moving forward.
Background/ History of Howard Ullman:
Mr. Ullman founded Atmospheric Water Solutions (AWS) in 2011. Over the past five years, he and his company have filed numerous patents in atmospheric water generation (AWG) technologies. In 2015/2016, AWS won product of the year in at least two major exhibitions in the US, and was a finalist for product of the year in four additional contests. In 2014, Ullman was named leader of the AWG industry by research giant Frost and Sullivan, and has received numerous leadership awards for his work as a water steward over the past three years. Ullman is the co-founder and President of AWS Holdings dba Aquarius Brands, LLC which wholly owns Atmospheric Water Solutions.
Ullman was the Chief Executive Officer from 2003 to 2008, as well as President and Chairman of the Board of Directors of CHDT Corp (now Capstone Industries., CAPC) from 2003 to April 20, 2011.
In 2006, Mr. Ullman, as Chairman of the board of CDHT corp., acquired Capstone Industries Inc., a specialty lighting company with revenues of under $1,500,000. Howard remained as Chairman of the Board until 2011. By that time, Ullman had led a successful effort to grow the company revenues, North of $20,000,000+ upon departure. Capstone (CAPC) recently announced a record third quarter. Revenues are projected to be North of $40 million dollars in 2017.
New Direction:
Mr. Ullman will act as a consultant to DNA Brands, as it transforms into a Blockchain Technology Service and Incubator Company.
Background History of Blockchain:
"In 2008, Bitcoin's anonymous creator(s) proposed a peer-to-peer transfer of virtual cash that would allow online payments to be sent directly from one party to another without going through a financial institution." One year later, the first Bitcoin block was mined.
The total market capitalization of cryptocurrencies hovers around $150B (with a single bitcoin hitting record highs, upwards of $6,000 per coin). Walmart, Pfizer, JP Morgan, Samsung, and MasterCard to name a few companies have shown tremendous interest, and in some cases successful blockchain pilot programs in multi industries.
"The global blockchain technology market is expected to reach USD $7.74 billion by 2024, according to a new report by Grand View Research, Inc. Blockchain is the underlying technology that originated in the form of a public ledger to keep a track of all cryptocurrency transactions. The technology works as an electronic transaction-processing and record-keeping system. This allows various participants that are connected to the network, usually public, to track information through a secure network, thereby eliminating the need for any kind of third-party verification.
The increasing adoption of the technology in the financial services sector and expected adoption across the public sector and healthcare segments are few of the major factors that are expected to fuel the demand for the said market.
The market is expected to grow rapidly owing to numerous benefits that it provides, such as eradication of the requirement of a financial institution to validate transactions, reduce duplicative record-keeping, eliminate reconciliation, minimize error rates, and facilitate faster settlement. With the use of the said technology, the databases could become universal in nature, thereby allowing multiple institutions to use it at the same time to bring various systems closer together and help increase the efficiency.
The increasing demand for this technology across financial services, consumer or industrial products, technology, media & telecom, healthcare, transportation, and public sector is largely responsible for driving the market toward growth."
http://www.grandviewresearch.com/press-release/global-blockchain-technology-market
Moving Forward:
"Now that Mr. Ullman has joined the company, DNA Brands has a clear and defined direction. We have identified several opportunities, and with Howard's addition we look forward to taking action. Howard's addition to DNA Brands will add tremendous shareholder value. Over the past 10 plus years, I have worked with Howard in various capacities.
As previously noted, DNA Brands had filed supplemental information with OTC markets regarding a possible Chapter 11 filing. The legal work to file Chapter 11 has been completed, however, it is no longer an option. I am confident and believe that with Mr. Ullman's solid leadership and experience, DNA Brands will benefit tremendously. Personally, I would like to welcome Mr. Ullman," stated CEO Adrian McKenzie.
Finally, DNA Brands has no plans or intentions to reverse split its stock either now or in the foreseeable future, unless warranted to uplist to a higher exchange.
DISCLAIMER
This press release contains statements that are "Forward-Looking" in nature (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). All Statements regarding the Company's financial position, potential, business strategy, plans and objectives for future operations are Forward-Looking statements. Many of these statements contain words such as "goal," "aims," "may," "expect," "believe," "intend," "anticipate," "estimate," "continue," "would," "exceed," "should," "steady," "plan," "potential," "dramatic," and variations of such words and similar expressions identify Forward-Looking statements, but their absence does not mean that a statement is not a Forward-Looking statement. Because Forward -Looking statements involve future risks and uncertainties, there are many factors that could cause actual results to differ materially from those expressed or implied. The Company cannot predict the actual effect these factors will have on its results and many of the factors and their effects are beyond the Company's control. Any forward-looking statement made by the Company speaks only as of the date on which it is made. The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise. Given these uncertainties, you should not rely too heavily on these forward-looking statements.
Adrian McKenzie
(561) 654-5722
[email protected]
www.dnabrandsinc.com
www.dnaenergydrink.com
SOURCE: DNA Brands Inc.