GOLDEN GLOBAL CORP. ENTERS INTO DEFINITIVE AGREEMENT TO PURCHASE
PITTSBURGH FITNESS CENTER
Boca Raton FL -- July 13, 2016 -- InvestorsHub NewsWire
-- Golden Global Corp. (OTCPINK: GLDG) today announced that in
furtherance of its goal of creating and integrating a platform of
complementary fitness industry businesses, it has entered into a
definitive agreement to acquire the membership base and operating
assets of the Gladiator Training Fitness Center from 24/7 Fitness
EB, LLC for $100,000 plus the assumption of certain specified
liabilities. The Gladiator Training Fitness Center, which is
located in suburban Pittsburgh, Pennsylvania, has over 1,500 active
members has been in operation for over 15 years and is generating
annual revenue of approximately $700,000. Golden Global intends to
rebrand the Fitness Center as its initial Global Fitness Training
Center.
Closing of the purchase is subject to the fulfillment of several
customary conditions.
Erik Blum, Golden Globals CEO, stated This acquisition is a
first step in establishing our Fitness division under the Global
Fitness brands and will serve as an anchor in implementation of our
goal to create and integrate a platform of complementary fitness
industry businesses, including not only fitness centers, but also
the planned marketing and sale of a line of fitness supplements
through its NUTRASTAX Fitness Supplement Division. We believe that
there are numerous opportunities available in the fitness industry
which we can take advantage of in order to grow and expand our
overall platform.
About Golden Global Corp.
Golden Global Corp. (OTCPink: GLDG) is a Florida-based holding
company, which is engaged in creating and integrating a platform of
fitness industry businesses.
Disclaimer/Safe Harbor
This Golden Global Corp. news release contains forward-looking
statements within the meaning of the Securities Litigation Reform
Act. The statements reflect the Company's current views with
respect to future events that involve risks and uncertainties.
Among others, these risks include failure to meet schedule or
performance requirements of the Company's contracts, the Company's
ability to raise sufficient development and working capital, the
Company's liquidity position, the Company's ability to obtain new
contracts, the emergence of competitors with greater financial
resources, and the impact of competitive pricing. In the light of
these uncertainties, the forward - looking events referred to in
this release might not occur as planned or at all.
For Further Information Contact:
Eric Blum, CEO
ceo@goldenglobalcorp.com
561. 430.5935
Source: Golden Global Corp.