$DATI OpenVision Labs (“OVL”) received a capital investment from the Company at a $2M valuation during the Company’s development and initial test of its business model. OVL’s last valuation was placed at $5M; more than twice that of where the Company invested and potentially an even greater value today. With Digital Arts Media Network, Inc. having an equity ownership of 10% in OpenVision Labs, the Company has an unrealized gain of roughly $440k. With an aggressive push toward development and additional rounds of capital through the Invest+ Program, “OVL’s valuation trajectory is very exciting,” stated Mr. Watson.
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