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DigitalTown,
Inc.
(OTC
PINK: DGTW), a company that
provides turn-key hosted solutions
to power "Digital Towns"
for cities around the world, just
announced their 7th acquisition
since the beginning of last year.
DigitalTown has reached an agreement
to acquire the assets of CityInformation
B.V. The deal will
stengthen DigitalTown's
"Smart City" solutions by
adding affordable technology
like Mobile Apps, Single-Login and
Blockchain.
CityInformation develops and
operates mobile apps for cities and
towns worldwide. Their mobile apps
are now live in more than 800
cities with more than 3
million downloads
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completed
to date. The acquisition of City
Information by DigitalTown will
allow these mobile applications to
be connected through the DigitalTown
SmartWallet as well as enable
app users to make direct purchases
from local merchants across retail,
services, dining and lodging using
their saved preferences from their
SmartWallets. Users can also own
manage ownership stakes, or coins,
in their city platform through a
city-specific Blockchain.
These stakes can be held in
SmartWallets or traded through
Blockchain exchanges.
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Rob
Monster
CEO, DigitalTown |
DigitalTown
CEO Rob Monster said,
“This is an enormously
significant milestone in
DigitalTown’s quest to
restore economic power to
cities by not only making it
easy for residents and
visitors to buy and engage
locally 24/7, but also for
local stakeholders to own
the city platform itself
through Blockchain
Distributed Ledger for
managing decentralized
ownership. For our
institutional partners, such
as municipalities, chambers
of commerce, destination
marketing organizations and
visitor bureaus, we are now
able to offer them a truly
integrated digital platform
for their city brand.”
CityInformartion
CEO Bjorn Poels
added, “We are proud that
CityInformation technology
will enable DigitalTown to
deliver the ultimate
cross-platform online Smart
City solution by integrating
City Information’s
fast-growing network of
city-branded mobile Apps.
For our existing mobile
platform customers this
means, we can now deliver
them a complete solution.” |
DigitalTown
will feature the new mobile app
suite at the Smart
City Expo in Barcelona
November 14-16, 2017, the main
event of the year for Smart City
Innovation with an expected
attendance of more than 16,000
delegates from around the world.
The Smart City Expo is the venue
where the two companies began
strategic discussions approximately
a year ago. DigitalTown will be
exhibiting in the Leading Cities
Pavilion.
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