DatChat Subsidiary Dragon Interact Acquires RPM Interactive, a Start-Up AI Publishing Company
DatChatDatChat(US:DATS) GlobeNewswire News Room·2024-10-30 12:07

Core Insights - Dragon Interact Inc, a subsidiary of DatChat, Inc, has acquired RPM Interactive, Inc, gaining 100% ownership in exchange for 3.5 million shares of common stock, and plans to rebrand as RPM Interactive to focus on AI-driven podcast and gaming technologies [1][2] Group 1: Acquisition Details - The acquisition allows Dragon Interact to integrate RPM Interactive's intellectual property and technology, emphasizing a shift towards AI-driven content creation [1][3] - The share exchange transaction involved the issuance of 3.5 million shares of common stock to acquire RPM Interactive [1] Group 2: Leadership Changes - Michael Mathews has been appointed as Chairman of the Board for the newly named RPM Interactive Inc, bringing extensive experience from his previous roles in tech companies [2] - Mathews' background includes leadership positions at Aspen Group Inc and Interclick, Inc, positioning him to drive RPM Interactive's growth [2] Group 3: Strategic Vision - The CEO of DatChat, Inc, Darin Myman, highlighted that the acquisition provides access to unique AI technology that could disrupt trivia gaming, online entertainment, and podcasting industries [3] - RPM Interactive aims to leverage generative AI systems to create interactive content for niche audiences, focusing on highly engaged viewers and listeners [4] Group 4: Company Overview - DatChat, Inc specializes in secure messaging and social media, offering innovative privacy features that allow users to control message visibility and security [5] - The company’s technology includes features that prevent screenshots and allow users to manage message lifespan on recipients' devices [5]

DatChat Subsidiary Dragon Interact Acquires RPM Interactive, a Start-Up AI Publishing Company - Reportify