SUCCESSFUL FIRST QUARTER INCLUDES MULTIPLE FINANCINGS, EXPANDING OPERATIONS, ADDING NEW PRODUCTS AND NEW CUSTOMERS
TORONTO, ON / ACCESSWIRE / April 5, 2021 / DigiCrypts Blockchain Solutions Inc. o/a DigiMax Global Solutions (the “Company” or “DigiMax”) (CSE:DIGI), an organization that gives synthetic intelligence and cryptocurrency know-how options to people and SME’s, is happy to supply a company evaluation for Q1 and an outlook for the corporate in Q2.
DigiMax continues to realize momentum in executing its technique and rising its footprint throughout the synthetic intelligence and cryptocurrency markets. After finishing two financings, the Company is totally capitalized for the foreseeable future and is considerably increasing its platform via enhanced product improvement; commercialization and development of the Company’s cryptocurrency value development indicator; and, enlargement of the Projected Personality Interpreter in tandem with its IBM Watson AI prediction options. The firm can be advancing new merchandise to be launched in Q3 and This fall, and entertaining new exterior development alternatives via potential joint ventures and acquisitions.
The Company is happy to share its company developments and achievements over the past quarter, with main highlights together with:
- Completion of an oversubscribed $5,000,000 non-public placement
- Completion of $13,200,000 financing led by outstanding New York cryptocurrency funding financial institution, H.C. Wainwright & Co.
- Appointment of synthetic intelligence resolution pioneer and engineering professional, Thierry Hubert, as Chief Technology Officer
- Appointment of David Bhumgara, CPA, CA with over 25 years of senior administration expertise, as Chief Financial Officer
- Appointment of skilled legal professional, enterprise advisor and well-connected NYC enterprise chief, Eric S. Lerner, to the Board of Directors
- Launch of cryptocurrency value development prediction software, CryptoDivine
- Signing of a brand new contract to supply Projected Personality Interpreter (“PPI”) Solution to Shepherd Search Group – one of many fastest-growing international recruitment corporations
- Planned enlargement of the corporate’s partnership with IBM Watson AI and IBM Cloud
CryptoDivine Price-Trend Prediction Solution
In late February, the Company accomplished the preliminary launch of its CryptoDivine.ai price-trend prediction platform that enables each skilled and novice traders to realize a aggressive benefit when buying and selling Bitcoin and Ethereum. The Company’s proprietary algorithm, and the character of machine studying reinforcement, perpetually re-calibrates itself to enhance accuracy. Important options resembling textual content message alerts and a extra pleasant consumer interface have additionally been rolled out because the preliminary launch.
The firm expects so as to add new performance resembling improved charting, related market intelligence, and superior market gauges in Q2 to enhance consumer notification preferences, expertise and adoption, with IOS and Android functions to be launched shortly thereafter. The firm plans to extend the value of this resolution to $99 monthly and provide annual subscriptions upon the launch of the brand new performance. Feedback from current customers has been very robust with solutions customers have profited a number of instances the month-to-month payment.
Resulting from the advertising efforts and ever-growing viral communication, the corporate has seen sustained development in subscribers. Despite most social media platforms making use of extra scrutiny to cryptocurrency commercials, we’re happy to report that we’re overcoming this constraint and that approvals are underway. Consequently, the Company does anticipate important development in international subscribers going ahead.
“I firmly believe that blockchain for cryptocurrency and artificial intelligence are the most significant innovations the world has seen since the advent of the Internet. It brings to life a transformative social contract that opens new and unforeseen opportunities. The estimated 64 million crypto-wallets in existence are demonstrative of such a decentralized, yet coordinated, empowerment. Here is where our evolving AI-powered solution offers new and savvy investors timely price-trend predictions by helping them gain confidence and a competitive edge with their investing,” commented DigiMax Global Solutions Chief Technology Officer Thierry Hubert.
Projected Personality Interpreter (“PPI”) Solution
The Company introduced that its subsidiary DataNavee signed an settlement to supply its comparative persona analytics resolution to Shepherd Search Group, a consortium made up of ten totally different recruitment manufacturers throughout 4 continents serving greater than sixteen industries. Shepherd is a world chief in its recruiting and this settlement is a crucial milestone within the enlargement of the corporate’s resolution into this fast-growing market section. According to Industry Ark, Artificial Intelligence (AI) use within the Recruitment Market was valued at $580 million in 2019, estimated to develop at a CAGR of 6.76% up till 2025. The rising demand for predictive analytics is a crucial a part of the recruitment course of and is enhancing the adoption of synthetic intelligence know-how.
The firm’s PPI resolution leverages the facility of IBM’s Watson AI to research the persona, emotional state, and social connections of latest recruits. This product is at the moment in use by 17 Police Forces throughout North America to enhance and improve police recruitment and to make sure optimum hiring practices. The Company’s AI algorithm analyzes responses throughout 52 totally different traits and compares these scores to a baseline offering hiring managers with a complete report bettering the hiring course of for corporations.
Corporate Branding Efforts
The Company has additionally been investing in a extra cohesive branding presence that can type the inspiration of its international development. This has included the graduation of a wider advertising effort for CryptoDivine, and can envelop new product choices as they’re launched.
“We have made tremendous progress this year and the $18,300,000 in new financing provides us with the capital needed to expand our product development and marketing efforts and allows us to develop and/or acquire strategic technologies that can further spur growth,” commented Chief Executive Officer and Director Chris Carl. “Building off of the many accomplishments of Q1, in Q2 we will continue to execute our strategy and work towards delivering several new and innovative solutions to our customers that will provide multiple Revenue and EBITDA growth opportunities for the company.”
The firm is beginning the second quarter having internally superior a number of of its new initiatives that ought to begin to be accomplished within the close to future. Shareholders can count on to see a number of milestones achieved within the coming quarter together with:
- Substantially elevated subscriber numbers for CryptoDivine
- Several new priceless capabilities being added to CryptoDivine
- Additional buyer and associate relationships for PPI
- One or extra new accretive enterprise ventures or acquisitions
- One or extra extra Directors
- Details relating to a brand new SaaS platform providing to start in Q3
DigiMax Global Solutions is a know-how firm dedicated to unlocking the potential of disruptive applied sciences by offering superior monetary, predictive, and cryptocurrency options throughout numerous verticals. DigiMax is an official IBM Watson associate and the Company’s engineering workforce has intensive expertise in Machine Learning, Neural Language Processing, Artificial Intelligence, Big Data and Cryptocurrency know-how.
The firm’s Projected Personality Interpreter (PPI) resolution is at the moment utilized by numerous organizations together with 17 legislation enforcement businesses which might be gaining comparative insights for higher hiring choices, decreasing employment attrition, and bettering office tradition.
The firm’s SAAS platform CryptoDivine permits cryptocurrency traders to simplify their determination making, cut back danger, exploit market volatility and enhance investing efficiency. The firm’s proprietary AI engine analyzes tens of millions of knowledge factors per hour to identify related patterns and generate correct value development predictions.
To be taught extra, go to our web site: www.digimaxai.com.
President & CEO
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SOURCE: DigiMax Global Solutions
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