DNAD Cashes in on the Growth in Bitcoin ATMs Across the US
NEW YORK, NY / ACCESSWIRE / March 14, 2018 / DNA Dynamics, Inc. (OTC PINK: DNAD) announces today that its UK Subsidiary, DNA Interactive Games Limited, has closed on the sale of their BitCoin ATM Patent for $700,000 to Bitcoin ATM Patent, LLC, an investment group formed to acquire this foundational patent. The sale of the Patent was successfully brokered by IPOfferings LLC, a patent brokerage and IP consulting services firm.
In January 2018, DNA announced it had acquired a Patent that covered Bitcoin transactions via an ATM as referenced in the OTC Markets supplemental filing available from http://www.otcmarkets.com/stock/DNAD/filings.
DNA CEO, Carl Grant, stated today, ''Whilst the patent acquisition was a great opportunity for us, as it fits within our wider approach to investing in the crypto-currency space, the cash generated through the sale of the patent gives us cash reserves sufficient to drive our immediate strategy forward without the need for external funding. I know our shareholders have been patiently waiting for information on the Company and I thank them for their patience. I expect to announce more on the next moves of the company in the coming days and how we will be using this capital to aggressively drive our revenues.''
According to Larry Jonas of Bitcoin ATM Patent, LLC, the company will be ''licensing all Bitcoin ATM manufacturers and Bitcoin ATM owner/operators under the patent.''
About DNA Dynamics, Inc.
Headquartered in Grandville, Michigan, and with operations in the UK, DNA Dynamics' business focuses building a sustainable and stable Crypto-currency ecosystem.
For more information please email [email protected].
About IPOfferings LLC.
Based in Suffern, New York, IPOfferings is a leading patent brokerage and IP consulting services firm. IPOfferings represent sellers and licensors in the monetization of their patents and other IP. IPOfferings also represents buyers and licensees and offers patent valuation services. IPOfferings recently introduced the Patent Demand Quotient, an annual report of the top 200 patent transactions.
For more information, please email [email protected].
Forward-Looking Statements
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SOURCE: DNA Dynamics, Inc.