Madison Technologies Announces Acquisition of Leading Jewelry Designer, Posto Del Sole, Inc.

NEW YORK, NY / ACCESSWIRE / October 22, 2020 / Madison Technologies Inc., (OTCQB:MDEX), a brand development and business accelerator company, announced today it has acquired Posto Del Sole (PDS), a leading jewelry designer, to further develop existing Brands and create new designer labels.

Posto del Sole is a jewelry company focused on aggregating small designer brands via innovative and participatory digital channels. A rare marriage of domestic manufacturing, sustainability, and excellence in design – PDS fits perfectly into Madison’s development and business accelerator vision.

“We’re extremely excited to bring Posto Del Sole, and it’s amazing, experienced management team aboard the Madison platform. Their unique collections are captivating, and the company couples the personal brick-and-mortar experience with the reach of an online retailer that will help Posto thrive,” said Jeffrey M. Canouse, Chief Executive Officer. Mr. Canouse continued; “this is now our second Brand acquisition after adding the CZJ license back in July – we hope to add more brands before the end of the year and look forward to helping each one of them reach their full potential.”

“We, the team at Posto Del Sole, are overly excited to be joining the team at Madison. Management clearly understands our jewelry based digital platform business model. We look forward to expanding brands and collections with the support and talent at Madison,” said Don Jones, Chairman of PDS Brands.

Posto currently offers four collections covering multiple designs in Diamonds, Gold & Silver, Fashion, Vintage, Bridal, and room to grow into areas such as Bespoke, Diamond basics, and Watches.

About Madison Technologies Inc:

Madison Technologies is a Brand Development and Business accelerator company. The company is focused on select consumer good segments that are deemed underserved and offer significant growth opportunities for our company.

About Posto Del Sole

Posto del Sole is a jewelry company focused on aggregating small designer brands via innovative and participatory digital channels. Led by former Tiffany & Co. executives, our team has the best design, product development, and sourcing expertise in the industry. This breadth and depth of experience is distinctly suited to helm a diverse portfolio of designer jewelry brands unified by their superb quality and craftsmanship. You can learn more at www.pdsbrands.com.

About Casa Zeta-Jones Brand

The CZJ product line will include a custom-designed handle and cartridge system, pre-care products, exclusive shaving products, and some of the best aftercare products on the market today. The Casa Zeta-Jones brand will transcend what is often considered a chore to a more pampering and lush women’s shaving experience. You can learn more at www.czjlegs.com.

Forward-Looking Statements

Forward-looking statements and risks and uncertainties discussed in this press release may contain forward-looking statements. The words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect,” and similar expressions identify such forward-looking statements. Expected, actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. Forward-looking statements are subject to a number of risks and uncertainties, including but not limited to, risks and uncertainties

5 injured, including 3 James Madison University students, in explosion at Virginia shopping center

HARRISONBURG, Va. (WTVD) — An investigation is underway after a powerful explosion leveled a Virginia shopping center Saturday morning injuring five people, including three college students.

Harrisonburg city officials said the explosion happened sometime around 8:30 a.m. at a shopping center. More than 70 firefighters responded to the scene.

In total, the explosion injured five people; three of whom were college James Madison University students, the college confirmed. Two of the victims were airlifted to the hospital in serious condition. Another victim was taken to the hospital for minor injuries and another two were treated on scene for minor injuries.

James Madison University further clarifying in a news release that three of their students sustained minor injuries after being cut by flying glass.

Virginia Governor Ralph Northam deployed state emergency personnel for additional support to what he called a ‘gas explosion’; city officials have yet to categorize the explosion as gas-related.

A manager of a barbershop that once stood in the area told WHSV that one of their employees noticed a strong smell of gas in the area on Saturday morning.

ABC-affiliate WHSV reported that it will likely be a few days before fire officials are able to determine the cause of the explosion.

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