Click here to close now.


News Feed Item

MemReg, Inc. Announces Free Valuation Offer for Memorabilia

MemReg, Inc. Announces a Restructuring of Company and Capital Accounts

PHOENIX, AZ -- (Marketwired) -- 06/13/14 -- MemReg, Inc. a Nevada corporation (the "Company" or "MRI") (OTC Pink: DYBO) (PINKSHEETS: DYBO) announced today the year end restructuring of its capital accounts through (a) the sale of DynaSig Corp., a wholly owned subsidiary; (b) the acquisition of all the minority interest in its subsidiary The Memorabilia Registry Corp. ("MRC") and (c) the conversion of its outstanding preferred shares into common stock. The objective of the restructuring is to focus all the Company's efforts on its memorabilia business ( focused on servicing memorabilia collectors and the general public with the broadest and most detailed registry devoted to all types of memorabilia (the "Registry"). MemReg's Registry currently can present in high resolution more than 110,000 pieces of memorabilia including any backup of ownership. The Company operates the Registry entirely in the Cloud and believes its Registry capacity can be easily and very cost effectively be scaled to more than 3,000,000 items. New items are being added to the Registry daily. The Registry has been fully operational in its current form for more than eight months.

The MemReg Business. The Company is an advertising and services company focused on memorabilia. Memorabilia is an item which is unique because it can be directly connected to a person (most commonly by an autograph), an important place and/or an important event. We broadly categorize Memorabilia into three groups: Entertainment, Sports or Historical memorabilia. The Company has just introduced proprietary valuation estimates of memorabilia registered on its site. To induce owners to try the valuation tool, the Company is offering "five free" valuations. Normally valuations are included in the Company's Premium Membership.

The MemReg Market. The Company believes the market it services is very substantial. Estimates of the annual market revenues range to multiple billions of dollars. One of the largest full-time producers of sports collectible shows in the country estimates that the sports collectibles industry alone now exceeds $2 billion in sales annually with more than 16.7 million collectors around the world. However, the memorabilia market is disorganized, highly fragmented and non-transparent. Collectors and dealers present their collections for sale or view in no standard format and with varying search capability. The Company believes there are thousands of part-time and full-time sellers and collectors and no comprehensive, cross-participant market search capability.

Hidden Treasures yield high growth potential. The Company believes there are millions of items of memorabilia tucked away in boxes, closets and basements and that the owners have little concept of their value. The industry is very fragmented and trying to determine value is very laborious. There is information on the Internet but a valuation requires an owner to sift through a massive amount of data to value any one item.

The Company has no direct competitors. Our indirect competitors are either auction sites, where once a transaction is completed the valuation information related to that item disappears, or informal estimates in pawn or collector shops. The Company believes there are well-known companies with similar focus on valuation as their core strategy in other analogous markets; used cars (Kelley Blue Book ™) and resale real estate (Zillow ™). Both the used car and resale real estate markets are highly fragmented with very difficult price discovery.

Target Market. The Company currently targets two groups of users: visitors seeking entertainment and collectors, both large and small, who wish to value, document and manage their collections. The Company's consumer facing website is and is designed as an entertainment site for non-collectors (i.e. fans). There are analogous entertainment sites, for example movie registries. This entertainment component generates a majority of our traffic from organic sources. The Company believes the incentive to transition from a visitor to a collector is driven by our valuation service. We believe many visitors have memorabilia but until we recently implemented our "five free" valuation strategy there was no incentive for them to register their items.

Opportunities for item owners to sell. Use of the Registry allows memorabilia collectors and dealers to present their collections for sale or view in a standard format and with complex search capability. The Company believes there are thousands of part-time and full time sellers and collectors and no comprehensive, cross-participant market search capability. A public available for sale listing is free with every item.

The only cost to a seller will be nominal Ownership Transfer Fee when an item is sold. The Ownership Transfer Fee will not be charged until the item has been shipped and the title has been transferred to the buyer. This Transfer Fee maintains the chain of title and supporting documentation of the item transferred. A buyer can purchase additional protection by opting to pay an Escrow Fee (also nominal) -- this service will hold the funds and the title in locked escrow status until the item has been accepted and both the seller and the buyer approve the transaction. This transfer process maintains the independent third party provenance of the item.

The Company believes that it is in the best interest of all Sellers to list as many items as they own since MemReg encourages sellers to list the Sellers website's address in every item description. Simply put, if a Seller lists 1,000 items, there are 1,000 chances potential autograph buyers will find the Seller's website. The Registry even has tools to enable dealers to upload items in bulk. The Registry allows Seller's without a web presence to both list their items at no charge and provides various tools to manage these items. They will not need a separate store and can avail themselves of the substantial and qualified traffic coming to the site. Regardless of the loading method, or size of the seller, each listing establishes a title to each unique item.

Collectors who aren't currently sellers are also encouraged to enter all their items in the Registry to establish their chain of title or provenance. The site's "My Account Tools" are a great way for the collector to manage (and show off) their collection. Items can be set for Private or Restricted viewing, so only the Collector and their friends can see them, or items may be set for Public viewing. supports trades as well.

Provenance Support. MemReg's overall mission is to provide complex search capability of unique, collectible items and related information and provide trusted, third-party time-stamped history for all registered items and such items' supporting documentation. This evidence or "provenance" is presented to support authenticity. There is no charge for registering memorabilia items and supporting documentation such as pictures taken at signing, authentication certificates and all other related information. The Company has been developing the site and owners have been adding items for more than a three years.

Each Registered item will receive a unique number which will follow this item regardless of subsequent ownership (a chain of title). Owners may control viewer access to any of their items. MemReg will be a centralized depository where these unique items may be managed and shared. It also provides a searchable database of signers for collectors and dealers. The site provides tools to capture and view provenance and facilitate secure item ownership transfer.

The Company believes that a unique component of MemReg's investment thesis is that the intrinsic value of registered items will increase the longer they have been registered. As the number of registered items increases and those items become more valuable with time, consequently the Company believes that the organic value of the MemReg Registry will continually increase.

Restructuring. On December 31, 2013, the Company sold its wholly owned subsidiary DynaSig Corp. ("DRC") for the reduction of debt and the cancellation of preferred claims totaling $1,000,000. DRC owns all the assets and technology related to the manufacture and development of the Bio-Pen and related software. After that sale, all remaining MRI preferred stock holders converted all of the Company's outstanding Series A and Series B Preferred stock to common stock. This conversion was a condition precedent for the acquisition of all the minority interest in the Company's partially owned subsidiary, the Memorabilia Registry Corp. ("MRC"). MRC owned all the rights and technology related to the MemReg business as well as the website, The acquisition of MRC minority interest was through a stock-for-stock exchange and the Company issued and issued 775,000 shares of newly designated, Series C Preferred stock for 775,000 shares of MRC Preferred stock. The Preferred claims of the MRC shares are basically identical to the claims of the newly issued MRI Series C shares. The Series C shares are now the only Company preferred stock outstanding and at issuance could convert into 4,078,947 MRI common shares. Each dollar of subsequent dividends converts into 3.774 shares common stock ($.265 per common share). On January 1, 2014, after the restructuring transactions and assuming the immediate conversion of the Series C shares but ignoring the impact of outstanding employee stock options, there were 24,575,833 fully diluted common shares outstanding.

Financial Condition after the restructuring. The Company's post restructuring capital structure is discussed above. The Company's primary asset is the complex suite of proprietary software that manages the Registry and There are no capitalized costs relating to this asset. The Company has expensed all its development since inception. There are also the intangible assets of the registry contents, registered members and fan list from Facebook ™. The Company debt of approximately $400,000 is owed entirely to its major shareholders. The Company is still reporting its financial condition as being in the "development Stage" and is currently generating nominal revenues from advertising and premium memberships.

Temporary Warrant Exercise price reduction. The Company has five Series of free trading warrants outstanding (the "Plan Warrants"). Each Series allows for the purchase of up to 8,397,732 common shares. Common shares issued upon Plan Warrant exercise are also free trading. Effective today, the Company has lowered the exercise price of all the Plan Warrants to $.20 per share except each Series has to be fully exercised for the subsequent Series to get the special price. This special exercise price expires on July 31, 2014. The Plan Warrant exercise prices will then revert to the Series' original exercise prices (Series B, $2.00; Series C, $3.00; Series D, $3.00; Series E, $4.00; Series F, $4.00) on.

About the Company. The Company currently trades on the Pink Sheets under the symbol DYBO but as soon as its name change is recorded with the stock trading regulators, the Company expects that symbol to change to reflect its new name. Information on the Company, including consolidated financial information is available on the Company's web site

MemReg's office is located at 9830 S. 51st St., Suite A-128, Phoenix, AZ 85044. The Company expects to continue to publish and post its financial information for investors on its web site.

Forward Looking Statements. Certain matters discussed within this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be attained. Such statements are inherently uncertain, and actual results and activities may differ materially from those estimated or projected. Certain factors that can affect the Company's ability to achieve its anticipated results include, among others, uncertainties inherent in the development of a new business and limited capital. Further factors affecting future performance are detailed in the Company's Financial Statements posted on its web site.


Mike Williams
Investor Relations

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. Migration to cloud shifts computing resources from your data center, which can yield significant advantages provided that the cloud vendor an offer enterprise-grade quality for your application.
DevOps is gaining traction in the federal government – and for good reasons. Heightened user expectations are pushing IT organizations to accelerate application development and support more innovation. At the same time, budgetary constraints require that agencies find ways to decrease the cost of developing, maintaining, and running applications. IT now faces a daunting task: do more and react faster than ever before – all with fewer resources.
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi's VP Business Development and Engineering, will explore the IoT cloud-based platform technologies driv...
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively.
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
The web app is agile. The REST API is agile. The testing and planning are agile. But alas, data infrastructures certainly are not. Once an application matures, changing the shape or indexing scheme of data often forces at best a top down planning exercise and at worst includes schema changes that force downtime. The time has come for a new approach that fundamentally advances the agility of distributed data infrastructures. Come learn about a new solution to the problems faced by software organ...
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ability. Many are unable to effectively engage and inspire, creating forward momentum in the direction of desired change. Renowned for its approach to leadership and emphasis on their people, organizations increasingly look to our military for insight into these challenges.
Achim Weiss is Chief Executive Officer and co-founder of ProfitBricks. In 1995, he broke off his studies to co-found the web hosting company "Schlund+Partner." The company "Schlund+Partner" later became the 1&1 web hosting product line. From 1995 to 2008, he was the technical director for several important projects: the largest web hosting platform in the world, the second largest DSL platform, a video on-demand delivery network, the largest eMail backend in Europe, and a universal billing syste...
Electric power utilities face relentless pressure on their financial performance, and reducing distribution grid losses is one of the last untapped opportunities to meet their business goals. Combining IoT-enabled sensors and cloud-based data analytics, utilities now are able to find, quantify and reduce losses faster – and with a smaller IT footprint. Solutions exist using Internet-enabled sensors deployed temporarily at strategic locations within the distribution grid to measure actual line lo...
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, will explore the current state of IoT connectivity and review key trends an...
Chris Van Tuin, Chief Technologist for the Western US at Red Hat, has over 20 years of experience in IT and Software. Since joining Red Hat in 2005, he has been architecting solutions for strategic customers and partners with a focus on emerging technologies including IaaS, PaaS, and DevOps. He started his career at Intel in IT and Managed Hosting followed by leadership roles in services and sales engineering at Loudcloud and Linux startups.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
You have your devices and your data, but what about the rest of your Internet of Things story? Two popular classes of technologies that nicely handle the Big Data analytics for Internet of Things are Apache Hadoop and NoSQL. Hadoop is designed for parallelizing analytical work across many servers and is ideal for the massive data volumes you create with IoT devices. NoSQL databases such as Apache HBase are ideal for storing and retrieving IoT data as “time series data.”