DGTL Holdings Inc. (TSX-V:DGTL, OTCQB:DGTHF) has announced new business and corporate development updates including the signing of a new TotalSocial PaaS (Platform-as-aService) contract by its wholly owned subsidiary Engagement Labs (TSX-V:EL) Inc.
The new contract comes from one of Engagement Labs (TSX-V:EL)' existing key accounts, one of the largest integrated financial services and insurance providers in the world, and a Nasdaq issuer with a market capitalization of over US$50 billion.
"We are proud to partner with a global financial services leader that utilizes TotalSocial(TM) to measure and analyze ongoing brand equity tracking and scoring. Our expanding global presence provides significant potential sales growth for our clients, and for Engagement Labs (TSX-V:EL) Inc,” Steven Brown, president and CRO of Engagement Labs (TSX-V:EL) said in a statement.
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“Our valued clients use our proprietary data analytics platform to educate their teams on how to act effectively on insights and proactively respond to current trends in order to expand their market share, globally," he added.
The new contract is dedicated to a consumer market study focusing on the Asia-Pacific market and delivers social intelligence through deep psychographic characteristics analysis and topic profiling, the company said, adding that the study leverages the proprietary TotalSocial(TM) Data and Analytics PaaS with its proven predictive data and analytics to support and identify important business drivers.
The company also said that further to the press release filed on October 18, 2021, its current CEO has entered into a settlement agreement with respect to a Notice of Hearing with the British Columbia Securities Commission.
“Primary defendant, Stock Social Inc., and its principals, have admitted failure to include necessary disclaimers on behalf of Phivida Holdings Inc. publications in contravention to section 52(2) of the Securities Act, “ the company said , adding that DGTL's CEO was the President and Director of Phivida at the time, and thus has conceded to settle prior to the hearing and pay a C$10,000 fine. DGTL was not named in the hearing and has never engaged Stock Social Inc. or its principals.
DGTL Holdings is building a portfolio of digital media software subsidiaries. DGTL - Digital Growth Technologies and Licensing - specializes in accelerating fully commercialized enterprise-level digital media technology companies entering a rapid growth lifecycle stage within the sectors of social, mobile, gaming and streaming.
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