DatChat Appoints Mark Mathis as Chief Blockchain Architect to Lead Web 3.0 Initiatives

Rhea-AI Summary

DatChat appoints Mark Mathis as its first Chief Blockchain Architect, aiming to enhance the company's strategic initiatives in blockchain technology. With over 20 years of experience, including roles at IBM, Ally Bank, and Bank of America, Mathis will focus on the development and integration of blockchain within DatChat's ecosystem. CEO Darin Myman emphasizes that this move is part of the company's commitment to innovation and agility, positioning DatChat favorably in the evolving messaging and social media landscape.

Positive

• Appointment of Mark Mathis aims to strengthen DatChat's blockchain strategy.
• Mathis brings over 20 years of relevant experience from leading financial firms.
• Focus on Web 3.0 initiatives may enhance competitive positioning.

Negative

• Potential gaps in expertise may arise due to the new role's complexity.

NEW BRUNSWICK, N.J., Jan. 03, 2022 (GLOBE NEWSWIRE) -- DatChat, Inc. ("DatChat" or the “Company”) (Nasdaq: DATS), a communications and social media company that gives users the ability to communicate, share, and post with privacy and screenshot protection, today announced the appointment of Mark Mathis as its first Chief Blockchain Architect. The Chief Blockchain Architect position will focus on aligning the Company's strategic initiatives with the increasing adoption of blockchain technology primarily through development and integration within the DatChat ecosystem.

Mathis brings over 20 years of experience in senior software and technology development positions, including leadership roles at IBM, Ally Bank, and Bank of America. Mathis will leverage his deep domain expertise in blockchain development and implementation to strengthen DatChat's technology platform and ecosystem in this newly created role.

"Mark is an experienced software development veteran and demonstrated thought leader in the quickly growing blockchain space, and we're pleased to welcome him to DatChat to lead our Web 3.0 initiatives," said Company CEO Darin Myman. "Innovation, agility, and adaptability are key strengths of our organization, and we believe continued investment in Web 3.0 technologies sets us apart, not only in the messaging and social media space but as a visionary technology company. We look forward to leveraging his experience from leadership at blue-chip organizations and development expertise as we work to scale our platform."

Mathis commented, "We have an opportunity to drive the adoption of blockchain further and shape the social media ecosystem by continuing to invest and build our platform leveraging blockchain as a foundational element of our work. DatChat's efforts are at the forefront of the technology industry, and I'm excited to join an organization seeking to lead the next evolution of how we communicate."

About DatChat, Inc.

DatChat Inc. is a blockchain, cybersecurity, and social media Company that not only focuses on protecting privacy on personal devices, but also protects user information after it is shared with others. The DatChat Messenger & Private Social Network presents technology that allows users to change how long their messages can be viewed before or after users send them, prevents screenshots, and hides encrypted photos in plain sight on camera rolls. DatChat's patented technology offers users a traditional texting experience while providing control and security for their messages. With DatChat Messenger, a user can decide how long their messages last on a recipient's device, while feeling secure that, at any time, they can delete individual messages or entire message threads, making it like the conversation never happened.

Forward-Looking Statements

Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

Contacts:

Investor Relations contact:
Alex Thompson, John Yi
Gateway Group, Inc.
(949) 574-3860
DATS@gatewayir.com

Press contact:
Natalie Balladarsch
Gateway Group, Inc.
(949) 574-3860
DATS@gatewayir.com

FAQ

Who is the new Chief Blockchain Architect at DatChat?

Mark Mathis has been appointed as DatChat's first Chief Blockchain Architect.

What is the role of the Chief Blockchain Architect at DatChat?

The role focuses on enhancing blockchain integration within DatChat's ecosystem.

How might Mark Mathis's appointment impact DatChat?

His expertise is expected to strengthen DatChat's blockchain initiatives and Web 3.0 strategy.

What experience does Mark Mathis bring to DatChat?

Mathis has over 20 years of experience in senior software and technology roles at companies like IBM and Bank of America.