DES MOINES, Iowa, Aug. 14, 2013 (GLOBE NEWSWIRE) -- Less than 20 months after launching its platform and within 10 months of becoming a publicly traded company, DomiKnow® (OTC:DMNO) has announced it has closed a $1.25 million private placement. DomiKnow® CEO John R. Stokka says this is just the "tip of the iceberg."
"This is exciting news for our shareholders," said Stokka, from DomiKnow® headquarters in Des Moines, Iowa. "The capital will give us the ability to execute the next phase of our business plan and expand into major markets across the United States."
Pursuant to the terms of the private placement, the investor has the option to purchase up to 50,000 shares of the Company's Convertible Preferred Series A Stock, which is convertible into 5,000,000 shares of the Common Stock of the Company. The Company expects the options to be exercised over the next few months. The Stock will be issued in accordance with rule 144 of the Securities Exchange Act of 1933.
About DomiKnow®, Inc.
DomiKnow® (OTC:DMNO), is a multichannel marketing firm based in Des Moines, Iowa dedicated to bringing big-time marketing to small business. DomiKnow's® experts in digital marketing use its proprietary database of 350 million emails and 400 fields of data to create hyper-targeted email, social media, and website communications that generate customers for local businesses. For more information, visit www.domiknow.com and Facebook.com/DomiKnow and Twitter.com/DomiKnow.
Statements under the Private Securities Litigation Reform Act, as amended: with the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risks and uncertainties that may individually or mutually impact the matters herein described for a variety of reasons that are outside the control of the Company, including, but not limited to, its ability to its ability to raise sufficient financing to implement its growth strategy, successfully develop and commercialize its proprietary products. Readers are cautioned not to place undue reliance on these forward-looking statements as actual results could differ materially from the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the Company's most recent report on the OTC Markets Filings and Disclosure section. Copies of these reports are available from the OTC Markets website or without charge from the Company. The above news release has been provided by the Company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group, Inc. are solely responsible for accuracy of such news releases.
CONTACT: John Stokka (515) 216-0200 x 301 email@example.com