GoldLand Holdings Co. (GHDC) Gaming Acquisition Expansion Continues; Provides New Terms on Reporting of Revenues
June 24 2014 - 9:15AM
Marketwired
GoldLand Holdings Co. (GHDC) Gaming Acquisition Expansion
Continues; Provides New Terms on Reporting of Revenues
BRADENTON, FL--(Marketwired - Jun 24, 2014) - GoldLand Holdings
Co. (OTCBB: GHDC) more than doubled its number of machines in the
South American gaming market through a third acquisition of casino
equipment in Managua, Nicaragua. GoldLand's CEO signed closing
documents at the offices of Game Touch, LLC in Toronto, Canada.
This third acquisition not only multiplies GoldLand's
commissioned equipment, but also begins GoldLand's penetration of a
second country's gaming market.
Furthermore, the Board of Directors has successfully negotiated,
with the seller of the equipment, a realignment of the revenues
reporting under the terms of the existing lease. Both GHDC and the
seller mutually agreed to cancel the existing lease terms. The new
terms will now collect and report the entire amounts of revenue and
expenses from its gaming machines. Thus, the Company will now
report fully on its 100% ownership of each gaming machine.
Documents in support of this agreement will be filed shortly, and
financial numbers will appear in the 2nd quarterly report for
period ending June 30, 2014.
Shareholders will have ample time to make plans to attend the
general meeting and discuss, in details the particulars of these
acquisitions, and will vote on the Company's expanded and
professional directorship.
For further information, contact Rich Kaiser, Investor
Relations, 757-306-6090 and/or
email: yes@yesinternational.com; www.goldlandholdings.com
GoldLand Holdings, Co. cautions that statements made in this
press release and other forward looking statements made on behalf
of GHDC may be affected by such other factors including, but not
limited to, vagaries of the tourist trade, volatility of mineral
prices, market competition, and other risks detailed herein and in
the U.S Securities and Exchange Commission filings of the
Company.
Contact: Rich Kaiser Investor Relations 757-306-6090