- DLMI recently announced that global media leader Marty Pompadur has joined the company as a strategic advisor
- The company is creating a conglomerate with multiple subsidiaries operating in many industries, including television, film, music, entertainment, intellectual property, hospitality, technology, and food and beverage
- DLMI intends to fuel these subsidiaries’ growth, with the aim of eventually spinning them off into their own standalone IPOs once they achieve profitability and self-sufficiency
- The company has brought on board strategic advisors with vast experience in the various industries it is targeting
- DLMI is building a hybrid model that blends traditional securities, such as stock and bonds (and we operate in that public security and stock environment), with SEC-registered security tokens
Diamond Lake Minerals (OTC: DLMI), a multi-strategy company combining its old-school business model, centered around traditional securities like stock and bonds, with new school mechanisms such as security tokens to provide shareholder value, is working to become a conglomerate.
Under the guidance of Michael Reynolds, the company’s President and Director, and Brian J. Esposito, the CEO, DLMI is keen on identifying in multiple industries promising opportunities that it can bring into its fold through acquisitions or buildout from scratch, creating multiple subsidiaries. The company intends to then allocate capital and provide access to advisors, know-how, and other resources to support and fuel the growth of these companies.
“The whole idea is wealth enhancement, wealth preservation for our shareholders, getting these entities to be performant to their maximum capacity, and, with the assistance of our advisors and our great experienced management team that we keep adding to our arsenal, getting these companies to be very profitable and self-sufficient to [then] spin them off into their own standalone IPOs at some point,” shared Esposito during an interview with Proactive’s Steve Darling (https://ibn.fm/WJQak).
DLMI has its sights set on a number of industries, including, but not limited to, television, film, music, entertainment, intellectual property, hospitality, technology, and food and beverage (“FNB”), and is bringing on board advisors with years of experience in these industries. “If you look at the advisors, and more are coming, you will see the industries that we will be heavily participating in; a lot of those are industries they have held exceptional careers in,” explained Esposito in a November Bell2Bell Podcast episode (https://ibn.fm/7WN0J).
For instance, Diamond Lake Minerals recently announced that global media leader Marty Pompadur has joined the company as a strategic advisor. Pompadur, who is looking forward to leveraging his experience to contribute to the company’s continued success, has had an illustrious career in the media and entertainment industry, where he has held both junior and senior roles since transitioning from his law practice in 1960 (https://ibn.fm/pVR4T).
Pompadur’s first role in the media field was at the American Broadcasting Companies, Inc. (“ABC, Inc.”), where he worked until 1977. During this 17-year stint, Pompadur was appointed to the ABC, Inc. Board of Directors, becoming the youngest member ever. After leaving ABC, Pompadur took up the role of president of Ziff Corp. until his departure in 1982. Ziff Corp. was the holding company for both Ziff-Davis Broadcasting Company, which ran six network-affiliated TV stations, and Ziff-Davis Publishing Company, one of the largest publishers of consumer special interest magazines and business publications (https://ibn.fm/0OLGR).
Between 1982 and 2008, Pompadur held leadership roles at RP Companies’ various private and public limited partnerships, which operated TV stations, radio stations, and cable television stations, and News Corporation. He is recognized for advising News Corporation in acquiring the Metromedia TV station group and coming up with the business plan for the Fox Television Network in 1985. Pompadur is now involved in many companies as a board member, advisor, and investor.
“We are honored to welcome Marty Pompadur to Diamond Lake Minerals as a strategic advisor. His remarkable career and unparalleled expertise will be instrumental in guiding our strategic initiatives. Marty’s wealth of experience will undoubtedly play a pivotal role in our mission to achieve sustained growth and value creation,” said Esposito of Pompadur’s addition to the advisory team.
Pompadur joins an experienced group of advisors, including Brandon Fugal, Chairman of Colliers International in Utah and Co-Founder of multiple ventures; Anthony Scaramucci, the Founder and Managing Partner of SkyBridge; Larry Namer, the Founder of E! Entertainment TV and President of Metan Global; Andrew Fromm, the Founder of Fromm Consulting; Raul Leal, the CEO of SH Hotels & Resorts; Michael Malik Sr., a prominent entrepreneur and leader in casino development; and Agnes Budzyn, the Managing Partner of Bluedge Ventures.
Looking ahead and leveraging the guidance of its strategic advisors, DLMI hopes to build a hybrid model that blends traditional securities, such as stock and bonds (and we operate in that public security and stock environment), with SEC-registered security tokens. To that end, the company plans to introduce security token offerings through its private partnership with INX.
Under this arrangement, each of DLMI’s subsidiaries will have a security token offering in the market, enabling the company to raise capital and involve investors who are otherwise wary of digital assets like cryptocurrencies and NFTs, a feat Pompadur lauded, noting, “The company’s innovative approach to digital assets aligns with the dynamic evolution in the industry.”
In addition, for information on the company’s security token SEC-regulated exchange partner INX, and the development of the INX Way, visit https://www.inx.co/inx-ebook/. This free security token bible, written with the SEC on the rollout of security tokens and the future of digital assets, will greatly deepen your understanding of security tokens.
For more information, visit the company’s website at www.DiamondLakeMinerals.com or LinkedIn page at www.LinkedIn.com/company/Diamond-Lake-Minerals/.
NOTE TO INVESTORS: The latest news and updates relating to DLMI are available in the company’s newsroom at https://ibn.fm/DLMI
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