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Posted On: 08/21/2022 11:19:22 AM
Post# of 107344
$DVLP Golden Developing Solutions Inc. (OTC
VLP) provides significant shareholder updates
https://www.accesswire.com/712823/golden-deve...er-updates
FORT LAUDERDALE, FL / ACCESSWIRE / August 19, 2022 / Golden Developing Solutions Inc. (OTC Pink VLP), an emerging fully reporting company in the Health and Wellness marketplace, is pleased to provide updates on our progress and significant developments. We are excited to announce we have executed an LOI to acquire assets anticipated to provide sales in excess of $60,000,000 per year upon completion. Definitive documents have been prepared and sent for review/signing.
Further Updates: LOI entered into in April has been cancelled as due diligence failed to provide assurance as to the profitability of the company. There are 3 other acquisitions in progress. The original closing date of #1, 08-18 has been delayed as some terms have been renegotiated. This asset should provide sales of appx $12mil+ per year. A second asset acquisition is in place with definitive docs sent, which we project will produce $25mil+ per year upon completion. Third is working through preliminary tests for auditing and possible strategies around it's completion by years end.
The pipeline of deal flow is very strong. We are comfortable in our ability to execute on our mission. These are profitable, high revenue producing assets, which require heavy logistical strategies to complete. Most are in the Biotech/Pharmaceutical and Medical Tech related space.
About Golden Developing Solutions, Inc.
Golden Developing Solutions is a development-stage company providing business services and/or products supporting the Health, Wellness, and Technology industry, in which the company intends to make acquisitions in the near future. Currently operating in launch phase of our 50 state telemedicine network and negotiating several acquisition/merger targets.
VLP) provides significant shareholder updates https://www.accesswire.com/712823/golden-deve...er-updates
FORT LAUDERDALE, FL / ACCESSWIRE / August 19, 2022 / Golden Developing Solutions Inc. (OTC Pink
VLP), an emerging fully reporting company in the Health and Wellness marketplace, is pleased to provide updates on our progress and significant developments. We are excited to announce we have executed an LOI to acquire assets anticipated to provide sales in excess of $60,000,000 per year upon completion. Definitive documents have been prepared and sent for review/signing. Further Updates: LOI entered into in April has been cancelled as due diligence failed to provide assurance as to the profitability of the company. There are 3 other acquisitions in progress. The original closing date of #1, 08-18 has been delayed as some terms have been renegotiated. This asset should provide sales of appx $12mil+ per year. A second asset acquisition is in place with definitive docs sent, which we project will produce $25mil+ per year upon completion. Third is working through preliminary tests for auditing and possible strategies around it's completion by years end.
The pipeline of deal flow is very strong. We are comfortable in our ability to execute on our mission. These are profitable, high revenue producing assets, which require heavy logistical strategies to complete. Most are in the Biotech/Pharmaceutical and Medical Tech related space.
About Golden Developing Solutions, Inc.
Golden Developing Solutions is a development-stage company providing business services and/or products supporting the Health, Wellness, and Technology industry, in which the company intends to make acquisitions in the near future. Currently operating in launch phase of our 50 state telemedicine network and negotiating several acquisition/merger targets.
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