Under the Symbol:
Digitiliti, Inc. (DIGI) Commences Buy-Out Negotiations
Monday, July 9, 2018 9:15 AM
MINNEAPOLIS, MN / ACCESSWIRE / July 9, 2018 / Digitiliti, Inc. (OTC PINK: DIGI) has entered into negotiations with a private corporation regarding the purchase and buy-out of the public entity. The interested party is a non-affiliate with current management. The prospective buyers are highly motivated to merge their corporation and subsidiaries into the Digitiliti entity and have made a reasonable offer to move forward on the acquisition with the current owner and CEO, Mark Miller.
Both the buyers and seller have performed preliminary due diligence and management believes the change of control will take effect quickly. Management further believes the sale of the Digitiliti entity will be in the best interest of shareholders. The anticipated incoming company has a proven track record of revenue generation and success in a highly desirable market sector.
"At this time all of the documents are being prepared and negotiations are ongoing and very promising. I anticipate the transaction will go as expected and we should have further updates very soon," Mark Miller, CEO stated.
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ABOUT: Digitiliti, Inc.
Digitiliti, Inc. is a Digital Storage and Website Design Platforms with the expansion of business currently in E-Commerce; and potentially Crypto-Currency Algorithms.
Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's Forms 10-K and 10-Q filed with the SEC.
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SOURCE: Digitiliti, Inc.