Novation Holdings (NOHO) Completes Acquisition of FGLD;

BOCA RATON, FL--(Marketwired - Dec 17, 2013) - Novation Holdings (OTCQB: NOHO) today announced that it completed the acquisition of a controlling interest in Focus Gold Corporation (OTCQB: FGLD) the purchase of Series A Convertible Preferred Stock in FGLD with voting power equal to 55 percent of all voting stock of FGLD, for a cash subscription price. With the funds from this acquisition, FGLD has begun to implement its roll-up of accounts receivable management companies and has formed two wholly-owned subsidiaries, Focus Gold Financial Corp., which will focus on the retail collections market, and Focus Gold Commercial Resolution, which will focus on the commercial recovery market. According to Michael Gelmon, CEO of Novation Holdings and the new interim CEO of FGLD: "This acquisition will provide us with the opportunity to expand our market activities through FGLD into a new, high volume cash flow business which currently operates through many small local collection offices and which is ripe for a roll-up strategy. By providing back-office administrative and financial management through our administrative subsidiary, Novation Consulting Services, Inc., we believe we will be able to create an efficient, profitable operation in this large market segment."

The business and retail collection industry employs more than 450,000 people nationwide through more than 4,000 separate collection agencies and in the commercial side alone, more than $150 billion in debt was placed with collection agencies in 2011, resulting in more than $40 billion in collections. Mr. Gelmon stated: "Our plan is to assist FGLD in identifying talented leaders in this industry, set up offices for the new operations and begin identifying acquisition opportunities."

FORWARD LOOKING STATEMENT

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