Saturday, January 26, 2019 5:08:49 AM
The Company today announced that they are revising the record date and distribution date of the previously declared cryptodividend of the Company's proprietary cryptocurrency, DiMO.
"The cryptodividend requires a certain technological implementation by blockchain programming specialists," said Company CFO, Scott Chichester. "We have had conversations with our transfer agent and blockchain developers regarding the mechanics of the dividend distribution and getting this unique asset to our shareholders. At the moment we are still negotiating a received proposal on the dividend distribution from a New Yorkblockchain development company, and while we are disappointed that we did not meet our previously announced record and distribution date, we feel it is more important to give the development team ample time to get the technology correct."
The Company expects to announce a revised record date and distribution date before the end of the fourth quarter after it signs an agreement with a blockchain development firm.
Mr. Chichester added, "Our overall strategy remains the same. We are moving forward with our pending Regulation A filing, our acquisition roll-up strategy, and bringing blockchain technology to the gasket and seal industry."
For more information on the DiMO Token, consolidation strategy, Reg A filing and company history, visit: http://investor.sterlingconsolidated.com
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