GLOBAL
CONSORTIUM TO RETAIN A
FIRM TO COMPLETE A FAIRNESS OPINION ON ITS PENDING
ACQUISITION
Projected Assets to exceed $20
million
Coconut
Creek, FL
-- June 13, 2018 -- InvestorsHub NewsWire -- Bahamas Development
Corporation (OTCPINK:
BDCI) subsidiary company
Global
Consortium,
Inc.
and its
partners have decided to
retain a third party company to prepare a fairness opinion on the pending
acquisition.
The projected Assets could
exceed $20 million and may be twice that
projection based on various projects in
the works. The two sides have committed to a transaction and have
agreed that the payment will be a combination of cash and
stock.
The fairness opinion is
needed due to the cross ownership of
the assets between the two
companies and to insure the openness of the transaction with all
the shareholders.
Global Consortium
has begun
reaching out to companies to complete the fairness opinion with the goal of
having a company retained this month.
Global Consortium
is pleased to
announce Tom Roland, the founder of Indulge Oils, has agreed to assume the role
of President of Global Consortium, Inc., as of June 11,
2018.
Mr. Roland
is a proven
entrepreneur experienced in building profitable companies. He has a
passion for entrepreneurship, developing innovative approaches to
industry challenges, and building vibrant company
cultures. He accelerates development and deployment of solutions
while maintaining profitable growth.
Mr. Roland, also serves as an advisor to
several start-up ventures and continues to empower teams through
his provocative leadership.
Forward-Looking
Statements
This news release contains
"forward-looking statements" as that term is defined in Section
27(a) of the United States Securities Act of 1933, as amended and
Section 21(e) of the Securities Exchange Act of 1934, as amended.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other
things, estimates of services and
equipment markets, release of corporate apps, growth of platform,
target markets, product releases, product demand and, business
strategy. Actual results could differ
from those projected in any forward-looking statements due to
numerous factors. Such factors include, among others, the inherent
uncertainties associated with new projects and development stage
companies. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that any such beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also consider that any investment in securities is at
risk.
Details of the
Company's business, finances, appointments and agreements can be
found as part of the Company's continuous public disclosure
on otcmarkets.com.
For additional information
about this release please contact:
Investor
Relations:
Matt Dwyer
matt@cannabisconsortium.net
www.cannabisconsortium.net
954-906-0098