Posted On: 11/11/2012 6:15:03 PM
Post# of 28533
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Golden Age Resources, Inc. (OTC Pink: GDAR) announced today that it has completed its acquisition 100% of theissued and outstanding stock of Griffin Holdings and IT Solutions, Inc. Griffin is a cutting edge trending TechnologyCompany with global consulting engagements and diversifying with a plannedacquisition program underway.The acquisition was finalized prior to theend of the Third Quarter and is retroactively effective to the Year BeginningJanuary 1, 2012. Hence, GDAR’s ThirdQuarter reporting shall reflect the effects of The Acquisition for the ThirdQuarter on a consolidated basis.The Acquisitionis the first of many planned acquisitions of GDAR, which is intended toimmediately diversify its core business, and tremendously enhance shareholdervalue.Additionally,discussions of a possible business alliance have begun with another ITDevelopment – “App” developer and marketer. Many scenarios of Griffin Holdings and the Company approached areavailable and such combination could increase market share by many multipleoccurrences.Management feelsthe discussions are promising and feels within the next 30-45 days, a possiblealliance could be initiated.Certain statements in this newsrelease may contain forward-looking information within the meaning of Rule 175under the Securities Act of 1933 and Rule 3b-6 under the Securities ExchangeAct of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements offact, included in this release, including, without limitation, statementsregarding potential future plans and objectives of the company, areforward-looking statements that involve risks and uncertainties. There can be no assurance that suchstatements will prove to be accurate and actual results and future events coulddiffer materially from those anticipated in such statements.
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