DigitalTown, Inc.: DigitalTown Announces Global Launch of CityShares

Local Ownership Model for City Platform Cooperatives built on Blockchain

SEATTLE, 2017-12-07 19:15 CET (GLOBE NEWSWIRE) --
DigitalTown, Inc. (OTC PINK:DGTW), the leading provider of People-centric
Solutions for Smart Cities, announced today the beginning of the free claim
period for CityShares, or fractional interests, in its Smart City platforms
across nearly 4 million cities, towns and villages around the world. The
announcement makes it possible for any city to become a Smart City based on the
DigitalTown platform. 

A PowerPoint presentation accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/6287d2a9-d481-4e0e-a162-9c3f2
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Since the introduction of DigitalTown in London in June 2017, management at
DigitalTown has been in discussions with stakeholders in cities and towns
around the world to introduce its flagship Platform Cooperative for Cities. The
groundbreaking platform is designed to equip any community with the tools with
which to be more effective in keeping money in their local economies while
making its citizens happier and more prosperous through a process of
co-creation. Each city effectively becomes its own Google, Expedia, AirBnB,
OpenTable, PayPal and Bitcoin, all in one, and all branded in the identity of
the city through a city-branded web presence and a mobile application, and
locally owned. Residents and visitors are able to search, connect, share and
shop local, transacting directly with the local merchants, with commission
revenues benefiting local stakeholders. 

Rob Monster, CEO of DigitalTown commented on the announcement, explaining
"AirBnB and Uber have shown the world the power of the Sharing Economy to tap
the productive capacity of individual citizens in a community.  Blockchain, and
in particular Bitcoin, has shown the world the power of distributed ledgers as
alternative stores of value and as an efficient medium of exchange. With
DigitalTown, we aim to bring these proven digital success models to cities,
towns and communities of all sizes, empowering them to become sovereign
economies where the digital platform serves the people, and is owned either by
the people or for the people." 

With the ability to have citizen ownership of a DigitalTown, any community can
become a Smart City and also be part of the DigitalTown Global Network.
DigitalTown is now live in Austin, London, and Nashville. Pensacola, Pittsburgh
and San Diego are scheduled to follow in January 2018.   Any city in the world
that wishes to become a DigitalTown can license the platform at
DigitalTown.com. Alternatively, citizens can directly sign up at
DigitalTown.com. When either 1% of the citizens, or 1000 citizens total, of any
of the nearly 4 million listed communities have verified their interest in
becoming a DigitalTown, the process of becoming a DigitalTown begins with the
city typically live within 90 days. 

To find out more about becoming a DigitalTown, visit DigitalTown.com.

About DigitalTown
DigitalTown, Inc. (DGTW) powers Smart Cities to succeed in the Digital Age. The
company provides turn-key hosted solutions to power "Digital Towns", which
improve Quality of Life for residents and visitors through locally owned
solutions for economic development, civic engagement and digital inclusion for
cities around the world. For more information about the company, please visit
www.digitaltown.com. 

Safe Harbor Language: Any statements contained herein related to future events
are forward-looking statements and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act 1995. Readers are
cautioned not to place undue reliance on forward-looking statements.
DigitalTown, Inc. undertakes no obligation to update any such statements to
reflect actual events. 

Media Contact:
Rob Monster, Chief Executive Officer
[phone]; [e-mail]