Los Angeles, CA, May 10, 2018 (GLOBE NEWSWIRE) -- WENN Digital, Inc., the developer of the KODAKOne Image Rights Management Platform (KODAKOne Platform), a blockchain-based image rights management and protection platform, announced that the full $1.00 round of its offering of Simple Agreements for Future Tokens (SAFTs) and the underlying KODAKCoin Token will officially commence on May 21, 2018. The offering will be facilitated through Cointopia (www.cointopia.com) and managed via Pickwick Capital Partners, LLC and Exemplar Capital, LLC, both FINRA-member firms and SEC-registered broker-dealers.

KODAKOne Platform is an image protection, monetization and distribution platform secured in blockchain, which is expected to launch a beta program in late 2018, will provide an image marketplace where users can buy, sell and trade photos based on licensing terms and conditions – serving as a one-stop shop for photographers’ management, protection and distribution needs. The platform will create an encrypted ledger of rights ownership for photographers to protect, manage and monetize their new and archived works – making it significantly cheaper and faster to register, move and sell their digital images.

“We are excited to offer the SAFT and the rights to the underlying KODAKCoin Token in a manner structured to fully comply with an exemption to the SEC’s registration requirements,” said Jan Denecke, CEO of WENN Digital. “Our goal with this offering is utmost security and transparency, working to bring digital tokens to investors by adhering to industry best practices and in a manner that we hope instills public confidence in the crypto space.” 

“An estimated 1.2 trillion photos were uploaded to the web in 2017 alone – many without copyright holders’ permission. And as a result, today’s photographers have been left with more work to do, and less compensation to show for it,” said Cam Chell, chairman, co-founder and co-architect of KODAKOne Platform. “By pairing blockchain technology with KODAKCoin Tokens, KODAKOne Platform will provide a licensing platform that enforces copyright compliance and tracks the usage of images – giving photographers more control over licensing, while at the same time creating a creative community and a comprehensive marketplace that meets all their image and related needs.”

More information about KODAKOne Platform’s features and capabilities can be found at www.kodakone.com. 

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About WENN Digital

WENN Digital, a brand licensee of Eastman Kodak Company, is the creator and operator of the KODAKOne Platform and the KODAKCoin Tokens. WENN Digital and its advisors are an experienced development and operations team with expertise in proprietary blockchain development, big data, copyright law, AI-enabled image recognition and post-licensing monetization systems.

About Cointopia

Cointopia is an ICO management platform, founded by a seasoned team of successful technology and business veterans. The company is also backed by the biggest names in the technology industry, including Brock Pierce, Gil Penchina, Mark Pincus, Michael Arrington, Jeremy Gardner, Richard Titus, Michael Terpin, Sonny Singh, Mike Costache and Roger Lim.

Have a question? Join our Tokenholder Group on ICOxConnect: https://www.icoxconnect.com/groups/kodakone-175

Media Contact
Arian Hopkins
Arian@wenndigital.com
212-457-9914

Forward Looking Information

This release contains forward-looking statements, including statements relating to future events or to WENN Digital’s and KODAKOne Platform’s future performance, operations, financial results, business and products. The use of any of words “anticipate,” “may,” “believe,” “could,” “should,” “estimate,” “expect,” “intend,” “plan,” “predict,” “potential,” “forecasts,” “project,” and other similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information. Forward-looking statements are made based upon WENN Digital’s current expectations and beliefs concerning future developments and their potential effects on WENN Digital, KODAKOne Platform and/or KODAKCoin Token. Such forward-looking statements are not guarantees of future performance or operations, and actual future results may differ materially. The offering memorandum for the SAFT/KODAKCoin Token offering describes the risks, material assumptions and other factors that could influence actual results and the development and performance of KODAKOne Platform. WENN Digital disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

Notice to Potential Purchasers

Neither the SAFTs being offered nor the KODAKCoin Token issuable thereunder have been registered under the US Securities Act of 1933, as amended (the “Securities Act”), under the laws of any US states, or under the laws of any non-US jurisdictions. Accordingly, WENN Digital is offering the SAFTs and the underlying KODAKCoin Token only in exempt transactions to “accredited investors” (as defined in Rule 501(a) of Regulation D under the Securities Act) pursuant to Rule 506(c) of Regulation D under the Securities Act. Offers and sales of the SAFTs and KODAKCoin Token issuable thereunder outside the United States will also be made in accordance with the laws and regulations of the relevant jurisdictions. This release does not constitute an offer to sell, or a solicitation of an offer to buy, SAFTs or KODAKCoin Token issuable thereunder in any jurisdiction in which it is unlawful to make such an offer or solicitation and is for informational purposes only. Neither the SEC nor any other federal, state or foreign regulatory authority has approved an investment in SAFTs or KODAKCoin Token issuable thereunder.

Following the offering, the SAFTs and any KODAKCoin Token issuable thereunder will be subject to significant restrictions on resale and transfer in addition to those traditionally associated with securities sold pursuant to Rule 506(c) under the Securities Act. Purchasing a SAFT and KODAKCoin Token involves a high degree of risk and potential purchasers should review in detail the “Risk Factors” and other information included in the offering memorandum before making an investment decision.

The KODAK, KODAKOne and KODAKCoin trademarks, Kodak logo and trade dress are used by WENN Digital, Inc. under license from Eastman Kodak Company.