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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Digital Locations Inc (PK) | USOTC:DLOC | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.0002 | 8.00% | 0.0027 | 0.0024 | 0.0031 | 0.0027 | 0.0024 | 0.0025 | 3,426,707 | 21:03:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act | |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act | |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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OTC Pink |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 7.01 Regulation FD Disclosure.
On August 10, 2023, the Company issued a press release. A copy of the press release is attached hereto as Exhibit 99.1.
Exhibit 99.1 contains forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed in these forward-looking statements.
The information set forth under this Item 7.01, including Exhibit 99.1, is being furnished and, as a result, such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01 Exhibits
99.1 | Press Release dated August 10, 2023 |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
DIGITAL LOCATIONS, INC. | ||
Date: August 14, 2023 | By: | /s/ Rich Berliner |
Name: | Rich Berliner | |
Title: | Chief Executive Officer |
Exhibit 99.1
Digital Locations CEO Rich Berliner Discussed Direct Message Capability of Indian Regional Satellites with Space Engineer
Dr. Althaf Azeez commented about the use of direct messages from NavIC to cell phones to warn communities in advance about natural disasters
SANTA BARBARA, CA, August 10, 2023 (GLOBE NEWSWIRE) — Digital Locations, Inc. (OTCMKTS:DLOC), the developer of a disruptive technology that will deliver high-speed Internet from satellites directly to smartphones all over the world, today announced that in a recent podcast, its CEO, Rich Berliner, spoke with Dr. Althaf Azeez, a research engineer at Oregon State University, about the use of direct messages from NavIC to cell phones to warn communities in advance about natural disasters.
NavIC, also known as Indian Regional Navigation Satellite System (IRNSS), is designed with a constellation of 7 satellites and a network of ground stations operating 24 x 7. Three satellites of the constellation are placed in geostationary orbit, at 32.5°E, 83°E and 129.5°E respectively, and four satellites are placed in inclined geosynchronous orbit with equatorial crossing of 55°E and 111.75°E respectively, with inclination of 29° (two satellites in each plane). The ground network consists of control center, precise timing facility, range and integrity monitoring stations and two-way ranging stations. NavIC SPS signals are interoperable with the other global navigation satellite system (GNSS) signals namely GPS, Glonass, Galileo and BeiDou
Dr. Azeez commented, “The NavIC system features an internal messaging system where from the Met (Meteorological) satellites, a control center can know where the cyclone is, and it can upload that information to all the seven NavIC satellites in orbit.
The NavIC satellites can then beam that information, so anyone with a capable NavIC receiver can receive this information.”
Dr. Azeez also discussed the importance and capabilities of high-speed Internet and data in proliferation of knowledge and how access to such service has become a fundamental human right.
Dr. Althaf Azeez completed most of his higher education in India. After earning his undergraduate degree in Electrical Electronics Engineering, he joined the Indian Institute of Technology, Indore, one of the most prestigious institutions in India, where he graduated in the discipline of astronomy, astrophysics, and space engineering. He then pursued his Masters in control system and instrumentation. Dr. Azeez later completed his Ph.D. in algorithm development for a GNSS system at Oregon State University. This GNSS system is currently in orbit by India / NavIC. He is currently pursuing his postdoctoral research using GNSS for threat forecasting and monitoring. His goal is to develop a system that can warn communities in times of rising tides. Dr. Azeez is listed as a Google Scholar at https://scholar.google.com/scholar?q=Althaf+Azeez+
This podcast can be viewed at https://www.youtube.com/watch?v=xK—lwWzSgc
About Digital Locations, Inc.
Digital Locations, Inc., is the developer of a disruptive technology that will deliver high-speed Internet from satellites directly to smartphones all over the world. Today, high-speed Internet (also known as broadband Internet) is only available in densely populated areas around the world. The rest of the world is still waiting. Elon Musk (SpaceX), Jeff Bezos (Blue Origin) and others are launching thousands of Low Earth Orbit (LEO) satellites. Unfortunately, without the use of additional equipment, the technology does not yet exist that will allow these satellites to deliver high-speed Internet directly to smartphones. Solving this problem represents an extraordinary business opportunity. Working with a research team from Florida International University, we are developing a truly disruptive technology that will finally make it possible for the wireless industry to offer high-speed Internet service from satellites directly to smartphones anywhere in the world, indoors and outdoors with no dead zones and no cell towers. Anyone, anywhere, regardless of location, economic status, race or gender will be able to access high-speed Internet service and benefit from remote learning, health care, government services, telework, participation in public affairs and even Netflix, Amazon and much, much more.
To learn more about Digital Locations please visit www.digitallocations.com
Safe Harbor Statement
This press release may contain “forward-looking statements.” Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as may be required under applicable law.
Press Contact:
communications@digitallocations.com
(805) 456-7000
Cover |
Aug. 10, 2023 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Aug. 10, 2023 |
Entity File Number | 000-54817 |
Entity Registrant Name | DIGITAL LOCATIONS, INC. |
Entity Central Index Key | 0001407878 |
Entity Tax Identification Number | 20-5451302 |
Entity Incorporation, State or Country Code | NV |
Entity Address, Address Line One | 1117 State Street |
Entity Address, City or Town | Santa Barbara |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 93101 |
City Area Code | (805) |
Local Phone Number | 456-7000 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common |
Trading Symbol | DLOC |
Entity Emerging Growth Company | false |
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