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  • DMG Blockchain Solutions (DMGI) has appointed John D. (J.D.) Abouchar as a new independent Board Director and member of the Audit Committee
  • Mr. Abouchar has 30 years of capital markets experience
  • He holds a B.S. in Economics from the Wharton School at the University of Pennsylvania
  • DMG is an environmentally friendly and vertically integrated blockchain and cryptocurrency company
  • DMG Blockchain Solutions (DMGI) opened trading at C$0.31

DMG Blockchain Solutions (DMGI) welcomes John D. (J.D.) Abouchar as a new independent Board Director and member of the Audit Committee.

Independent Board Director Nick Seto has resigned, effective August 22, 2022. Mr. Seto has served on DMG’s board for three years and has stepped into a new consulting role for DMG.

Mr. Abouchar brings a wealth of experience to the DMG board. He is the founder and managing partner of Glass Creek Partners, Inc., an investment and consulting firm focusing on publicly listed emerging technology companies. Mr. Abouchar has 30 years of capital markets experience as a portfolio manager, technology equity research analyst and board member of several U.S. publicly listed companies. Recently, he was Chairman of the Board of Cynergistek (AMEX: CTEK), a cybersecurity firm. He holds a B.S. in Economics from the Wharton School at the University of Pennsylvania.

In addition to joining the Audit Committee, Mr. Abouchar will be focused on corporate governance and shareholder engagement.

DMG CEO Sheldon Bennett commented on the appointment.

“As we responsibly and profitably grow DMG and enter our next stage of development, J.D. will help us to target a wider pool of institutional investors, lend his capital markets experience with investment banks and US securities exchanges and further develop our corporate governance and shareholder outreach.”

Mr. Abouchar added,

“Sheldon and the team at DMG have done an admirable job in founding and growing the business into the enterprise it is today. I am honored to be joining the board and look forward to bringing my experience with business development and strategic planning to accelerate the exciting work DMG is doing in the rapidly evolving blockchain technology industry. My goal is to help management engage shareholders, evaluate uplisting opportunities, attract analyst coverage and work with the team to maximize shareholder value.”

DMG is an environmentally friendly and vertically integrated blockchain and cryptocurrency company that manages, operates and develops end-to-end digital solutions to monetize the blockchain ecosystem.

DMG Blockchain Solutions (DMGI) opened trading at C$0.31.


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