UNITED STATES
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FORM
CURRENT REPORT
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Item 7.01 Regulation FD Disclosure.
On July 20, 2023, the Company issued a press release revealing its technology development plan for connecting smartphones to satellites. A copy of the press release issued by the Company is attached as Exhibit 99.1 to this Current Report on Form 8-K, which is incorporated by reference solely for purposes of this Item 7.01 disclosure.
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 99.3, 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 July 20, 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: July 24, 2023 | By: | /s/ Rich Berliner |
| Name: | Rich Berliner | |
| Title: | Chief Executive Officer | |
Exhibit 99.1
Digital Locations Reveals Technology Development Plan for Connecting Smartphones to Satellites
The Company’s technology team at Florida International University is focused initially on solving the user device side challenges to enable high-speed Internet
Santa Barbara, CA - July 20, 2023 - 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 its technology team at Florida International University (FIU) is focused initially on solving the device side challenges of connecting smartphones to satellites.
“Late last year, Huawei and Apple released cellular telephones capable of texting on traditional satellite-communications networks,” said Digital Locations CEO Rich Berliner. “Two start-ups, AST SpaceMobile and Lynk Global, also started building new low Earth orbit (LEO) satellite networks designed to reach conventional 5G cell phones outside terrestrial coverage. Now, T-Mobile and Spacelink are up and running, Qualcomm and Iridium say that they expect to expand satellite connectivity to cars, laptops and other devices. Unfortunately, all these connections will be limited to text messages and voice calls.”
Mr. Berliner continued, “What the world wants and what we intend to enable is high-speed Internet. Doing so, will require technical advance on both the satellite side and on the user device side (smartphone). Smartphones have very limited power and very small antennas which make it difficult to transmit and receive signals from orbiting satellites hundreds of miles up in the sky. Our tech team at FIU has chosen to take on those tough challenges and is pursuing a very novel approach.
Mr. Berliner further revealed, “Our view is that solving the smartphone technical challenges will be the key to unlocking the design of future satellite antennas. We can achieve significant commercial success by solving either the smartphone side challenges, or the satellite side challenges to enable high-speed Internet service. However, we believe that the smartphone side solution will be the most valuable piece of the puzzle.”
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 |
Jul. 20, 2023 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Jul. 20, 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 |