Golden Age Resources, Inc. (GDAR) Acquires Griffin Holdings and IT Solutions, Inc.
November 11 2012 - 5:00PM
Marketwired
Golden Age Resources, Inc. (PINKSHEETS: GDAR) announced today that
it has completed its acquisition 100% of the issued and outstanding
stock of Griffin Holdings and IT Solutions, Inc. Griffin is a
cutting edge trending Technology Company with global consulting
engagements and diversifying with a planned acquisition program
underway.
The acquisition was finalized prior to the end of the Third
Quarter and is retroactively effective to the Year Beginning
January 1, 2012. Hence, GDAR's Third Quarter reporting shall
reflect the effects of The Acquisition for the Third Quarter on a
consolidated basis.
The Acquisition is the first of many planned acquisitions of
GDAR, which is intended to immediately diversify its core business,
and tremendously enhance shareholder value.
Additionally, discussions of a possible business alliance have
begun with another IT Development - "App" developer and marketer.
Many scenarios of Griffin Holdings and the Company approached are
available and such combination could increase market share by many
multiple occurrences.
Management feels the discussions are promising and feels within
the next 30-45 days, a possible alliance could be initiated.
Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under
the Securities Act of 1933 and Rule 3b-6 under the Securities
Exchange Act of 1934, and are subject to the safe harbor created by
those rules. All statements, other than statements of fact,
included in this release, including, without limitation, statements
regarding potential future plans and objectives of the company, are
forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements.
Contact: Chrissi Suttman Phone: (561) 472-2933 7711 N. Military
Trail Palm Beach Gardens, FL 33410 Phone : (561) 472-2933 Fax:
(561) 472-2938
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