DomiKnow(R) Closes $9 Million Private Placement

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DES MOINES, Iowa, Aug. 21, 2013 (GLOBE NEWSWIRE) -- DomiKnow® (OTC:DMNO) has disclosed in its most recent Quarterly Report that it has closed on a $9 million Private Placement.

In the second quarter of 2013 the Company completed a private placement, with 9 qualified investors, of 900 Units, each Unit consisting of 295,200 convertible Preferred Series A shares, at a price of $30.53 per share, for a total purchase price of $9,012,570, and warrants to purchase an additional 31,036,064 common shares for $18,025,140 at prices from $0.25 to $1.92 per share in the next 8 years. The Preferred Series A Shares may be converted over the next 36 months into 29,520,000 shares of common stock with an average price of $0.31 per share. $9,012,570 is currently reflected on the Company's Balance Sheet as restricted cash. When converted into Common Shares the transaction equates to a Common Share price of $0.3060 per share.

Under the terms of the Unit Subscription Agreement (USA), the Investor's cash and the Securities purchased (in certificate form) have been deposited in a restricted account with an Intermediary whereby an Account Management Agreement (AMA) between the Investors, the Company and the Intermediary governs the release of funds to the Company from the restricted account according to business and market development and valuation milestones. The offering requires a registration statement be filed with the Securities and Exchange Commission at the earliest possible time and that the Company be henceforth a fully reporting entity under U.S. securities laws.

"This is a tremendous development for the Company and its shareholders," said John R. Stokka, CEO. "This investment is designed to provide us with working capital to finance our growth over the next three years."

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, 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 ir@domiknow.com

Source:DomiKnow, inc.