New update is still not clear on payments

29 August 2013 - Nicosia, Cyprus, General Meeting of the Digital Generation Board of Directors  Mini-report on the Board of Directors' Meeting

         ( September Press Release) 


The meeting heard a report by the Executive Manager Mr. Martin Coufal which revealed the positive trends in the development of the project, presenting key marketing and financial data and revealing the results of a multifaceted analysis of the project. Particular note has been made of the development of strategic directions to reduce and optimize the impact of risks on the final result of the project for all groups: financial, technical and human factor. As a result of the difficulties that emerged at the beginning of the summer, the leadership of the project decided to plug in the work of a specially crafted team for resolution of the situation - DG Risk Management Division. The most important and memorable moment for the audience was a bright and positive performance by the leading specialist of the unit Larry Queens.

In his report Larry Queens fully accounted for the latest efforts towards the resolution of the situation, describing in detail the methods applied, and presenting a plan to evaluate the marketing strategy for 2014, which will be most effective precisely for Digital Generation, given the unique specifics of the project, its originality and unique position in the world market. "To date, we have completely eliminated all the consequences of the crisis situation which arose in July due to the project's connection to several volatile eastern regions where the level of risk and fraud had not been adequately evaluated. As a result, our partners in several countries observed a minor glitch in payments and consequently were marked by panic which was fueled by some users' individual pessimism. Fortunately, this panic was not very significant. The vast majority of members trust in the project "- according to the report. "On August 25 the stability of the market position of the Digital Generation project was solidified”- the report of Larry Queens concluded.

The report on Risk Management Division results as of 25 August 2013, which included both the report and the consolidated audit, was approved and adopted by the General Meeting of the Board of Directors.

Key Decisions of the Board of Directors

All profits obtained in 2013 will be directed towards the maintenance of Project reserves with the goal of restoration of financial stability in the shortest time. It was also decided to start an active advertising campaign in Europe, including the media and the Internet and in the long run to launch an advertising company in North America and Australia. In addition, new methods were approved for the organization of the creative process to the search for new technical and marketing solutions.

Message from the Board of Directors to Affiliates and Users

The Digital Generation management consider it necessary to express a special thanks to all our partners and users who have been with the project through thick and thin from day one, without fear of the unknown or possible difficulties, and who have become partners to a grand plan, which has no analogues in the world's history. Friends, our project successfully passed all the tests that are the lot of true pioneers. We have passed the basic stage. We were able to resolve all the technical problems without losing any time, and in a relatively short period have arrived at a stable operational mode in all divisions. Thanks to your support, we can already say with confidence that our project is much more productive than we could have predicted! We should however take into account the fact that everything is new and it is impossible to accurately analyze and predict the path of development; there may be only rough estimates at the level of fantasy. What we are seeing now has exceeded all expectations! We are happy to have you with us, we are happy to share our achievements with you and believe that it is thanks to the support of each project participant that we are obliged to ensure that Digital Generation moves on to the next stage of development ahead of schedule.

"Those who don’t believe in victory never win”

Cordially Yours,
The Management


  This new update is still not clear on payments , its a report of what had happened before and what are the plans for 2014.