Market Overview

Urban FT Hopes to Reach a Deal with Troubled Digiliti Money


Urban FT, Inc., the industry leading SaaS-based digital banking
platform, confirms it is in advanced negotiations with the troubled
NASDAQ-listed Digiliti Money Group, Inc. (NASDAQ:DGLT), the mobile app
technology firm, in respect of a potential transaction that will see
DGLT stave off potential bankruptcy proceedings.

Urban FT submitted an unsolicited offer to the Board of DGLT on Tuesday,
August 15, and DGLT subsequently entertained discussions with Urban FT
in respect of the offer and other possible opportunities that could
deliver value and benefit to DGLT shareholders, employees, suppliers and
customers. Discussions between the two parties are continuing, in good
faith, without either party at this stage committing to or being
committed to any transaction of any nature.

Urban FT is hopeful that a transaction may be completed between the
parties, but clearly cannot be certain or make any commitments that a
transaction will be completed. Urban FT is however expecting to present
DGLT with a final and binding proposal that accommodates the anticipated
requirements of DGLT and its Board of Directors on or before August 29,
2017. Such a proposal could, subject to ongoing due-diligence inquiries,
vary significantly depending on the outcome of ongoing discussions, but
Urban FT notes that shares of DGLT closed on Wednesday, August 16, at
$1.04, and believes the market has determined a current value for DGLT
that Urban FT is comfortable working towards when preparing its final
proposal for the Board of DGLT to then consider.

DGLT has been cooperative with Urban FT in respect of its due-diligence
inquiries, and has indicated it is looking forward to reviewing the
detail of the final proposal.

Urban FT is under strict confidentiality and is unable at this stage to
make any further comments in regards to its dealings with DGLT.

About Urban FT:

Urban FT is a SaaS-based digital payments platform that enables any
brand to seamlessly launch a branded Mastercard or Visa card, lifestyle
mobile app and Web solution to complement its core business. We give
brands a complete platform to enhance every element of the
customer/brand relationship, leveraging what they're doing today by
adding a financial services framework, built on our unique understanding
of driving the customer journey. Our platform enables brands to uniquely
engage their customers, adding value by deepening and expanding
how and when customers interact with the brand.

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