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DigiMax Adds Titus Station as Active Client

Monday, March 30, 2020 9:45 AM
DigiMax Global Solutions

TORONTO, ON / ACCESSWIRE / March 30, 2020 / DIGIMAX GLOBAL SOLUTIONS (CSX:DIGI) (the "Company" or "DigiMax") is pleased to announce that it has officially commenced its consulting efforts with Titus Station LP ("Titus Station"), based in King of Prussia, PA, USA.

Titus Station is the first acquisition of Refined Plastics LLC, a company that will occupy multiple industrial sites for advanced chemical recycling plants. With site assessments complete, their first acquisition is Titus Station, an existing power generating station and usable buildings with plans to build a new, 200,000 ft² industrial building on the 200 acres of land.

Revenues will come from multiple lessees, including a pre-existing 15-year ground tenant, and existing billboard leases already in place. The land is also rail-serviced, and ready to attract transloading companies as tenants for industrial use. Three companies have also expressed their interest to join as industrial tenants.

With local industrial real estate becoming scarce and in high-demand, Titus is one of the few properties in the region currently zoned as industrial land. Titus Station at 296 Poplar Neck Road, Berks County, Pennsylvania strategically oversees the US-422 corridor, which carries industrial U.S. traffic from Interstate 176. This locale is primed to generate a steady flow of additional industrial leases throughout the U.S.'s eastern seaboard.

The first project in Refined Plastics' pipeline, Titus Station, is part of the larger goal of building multiple stations that will turn municipal waste into virgin grade plastic pellets for sale to manufacturers. Titus is adjacent to the Western Berks Landfill, which is authorized to input nearly 2,000 tons daily. This high volume of plastic waste will be converted and sold by Titus to the open market. By 2021, Refined Plastics plans to invest $120M to revitalize an existing power plant on the site to further increase land value. After Titus Station gets acquired, three existing 80 megawatt boilers with turbines will be recommissioned to provide renewable energy to the grid. A new public water and public sewer system will be installed and connected to the existing facility, leading to property value to rise higher.

The U.S. Department of Commerce (the Economic Development Agency) has awarded $3,000,000 of financial assistance to Titus Station. The award was received with a written acknowledgement from the Pennsylvania House of Representatives which highlighted Titus' innovation in recycling waste and its efforts to lower global carbon footprints. "This new multi-purpose building will help to reinvigorate the region after the closure of a large coal fire plant, and will create jobs for the people of Pennsylvania," announced Wilbur Ross, United States Secretary of Commerce and investor. An anticipated 180 jobs are expected to be created by the end of 2021.

The management group behind Titus Station has decades of successful experience in the funding, construction, development and technical operation of industrial projects. Molecular biology expert, and CEO Joseph D'Ascenzo created and closed several large-scale commercial projects. The team is using their experience to pioneer innovative power plants, built on high-demand industrial real estate.

The management of Titus Station has positioned the project to serve stakeholders through both long and short-time horizons. Titus Station distributes portions of revenue from Titus' revenue-generating activities. Titus is providing an opportunity for private investment partners to join the leadership team in growing this company to its full potential. Interested parties can contact DigiMax at the contact info below to determine if this might make a suitable investment.

About DigiMax

DigiMax is based in Toronto and is the first global company in the Digital Security space to be both publicly listed (listed on the Canadian Securities Exchange-symbol: DIGI) and to be approved by OSC in Ontario, Canada as an 'Exempt Market Dealer'.

DigiMax is currently seeking to become a registered dealer in several other countries and is developing a state-of-the-art platform with its partners to provide qualified investors preferred access to high quality security offerings in the form of both conventional securities, and as the market evolves, into the rapidly growing Digital Security market.

The Company has a highly qualified management team with extensive experience in global financial and capital markets, combined with a rapidly expanding global presence with joint venture partnerships already established in such important geographies as USA, Hong Kong, Indonesia, Malaysia, England, Singapore, Korea and Malta with discussions or negotiations underway in several more.

Contacts DigiMax:

Chris Carl
President & CEO
[email protected]

Natu Myers
Corporate Consultant
[email protected]

Chris Ciaravino
Corporate Consultant
[email protected]

Damon Stone
Corporate Consultant
[email protected]

Cautionary Note Regarding Forward-looking Statements


This press release contains "forward-looking statements". Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding changing the Company's name.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: shareholders approving the change of name to DigiMax, the adequacy of our cash flow and earnings, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the App Platform described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment.

Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

SOURCE: DigiMax Global Solutions

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