One True Superhero and a $2.5 Million Increase in Shareholder
Equity
GD Entertainment & Technology releases 'The Son' book series
and discloses first financial statement
(Agoura Hills, CA -- August 18th, 2015)
GD Entertainment & Technology, Inc. ("GDET") (OTC:
GDET) announces the release of its first Annual Financial
Statement and Management Disclosure Statement, as filed on OTC
Markets. The report shows a roughly $2.5 million increase in
shareholder equity from this point last year.
The Annual Report also indicates an impressive boost in company
assets:
- Company assets on May 31st of 2014 were listed as $155,246
at the time of the report assets had increased to a total of
$3,452,046
The increase in these assets are primarily due to the
distribution deals in place with The Son and StoneAge Santa book
properties.
Our first Annual Report highlights significant improvements over
the last year, even though we have only had a little more than 2
quarters of operations, explains Lawrence Bracco, COO for GDET. We
have carefully orchestrated the growth and development of our
company, and believe we're poised for big things in the coming
year."
In addition to the release of the report, GDET is pleased to
announce that their Christian-themed book series, The Son, is now
available for purchase online and wholesale clients are in the
process of being signed up now.
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Billed as "The One True Superhero", The Son is a historical
graphic novel which follows the life and teachings of Jesus Christ,
in a fun and entertaining format. The series is aimed at empowering
youth with "the only superhero they'll ever need". It is available
at www.thesonbibleseries.com
The mission statement from the makers of The Son is "Helping
Children Love the Bible."
"We are pleased at the progress we have made over the past 6
months since our merger," said Dong H. Chung, CEO. "We believe that
we have positioned the company for long term stability and growth
and appreciate those investors who share our vision. We anticipate
revenues to commence this quarter and continue to work towards
becoming fully reporting over the next quarter."
Additional details of the May 31, 2015 Annual Report are
available on OTC Markets or upon request.
About GD Entertainment & Technology, Inc.:
GDET specializes in the development, production and exploitation
of entertainment properties and technologies worldwide. Over the
past 10 years, GDET and its management have created, produced,
and/or distributed a variety of family-friendly content, including:
Conan the Barbarian animated DVD, animated Voyages of Young Dr.
Doolittle and Adventures of Odyssey and the acclaimed graphic novel
series, The Almighty Bible, an ebook & print version of the
Bible for teenagers. GDET principals have over 80 years of combined
experience in producing and distributing media, consulting to and
licensing major intellectual properties globally, including Warner
Brothers, Marvel/Disney, and Mommy & Me. Management has been
conducting business in Asia for more than 25 years, and has
significant relationships with major corporations, investors and
production facilities in Korea, Thailand, China, Japan and other
markets. GDET has several projects in development including an
animated feature film, a live stage show and an adaptation of a
successful juvenile book series for digital video and mobile
games.
Safe Harbor Statement
This release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E and/or 27E of the Securities Exchange Act of 1934
that are based upon assumptions that in the future may prove not to
have been accurate and are subject to significant risks and
uncertainties, including statements as to the future performance of
the company and the risks and uncertainties detailed from time to
time in reports filed by the company with the Securities and
Exchange Commission. Statements contained in this release that are
not historical facts may be deemed to be forward-looking
statements. Investors are cautioned that forward-looking statements
are inherently uncertain. Although the company believes that the
expectations reflected in its forward-looking statements are
reasonable, it can give no assurance that such expectations or any
of its forward-looking statements will prove to be correct. Factors
that could cause results to differ include, but are not limited to,
the company's ability to raise necessary financing, retention of
key personnel, timely delivery of inventory from the company's
suppliers, timely product development, product acceptance, and the
impact of competitive services and products, in addition to general
economic risks and uncertainties.
For more information please contact:
Lawrence Bracco, COO of GDET
(805) 208-3171
larrybracco@gdetinc.com