GDAR HUGE MERGER COMPLETE >> Golden Age Resources,
Post# of 144503
Posted On: 01/15/2014 12:10:17 PM
GDAR HUGE MERGER COMPLETE >> Golden Age Resources, Inc. Announces Acquisition of Office VP, Inc.
Golden Age Resources, Inc. Announces Acquisition of Office VP, Inc.
PALM BEACH GARDENS, FL--(Marketwired - Jan 15, 2014) - Golden Age Resources Inc., (OTC Pink: GDAR) announced that effective December 4, 2013, the Letter of Intent with Office VP, Inc. has been finalized and Office VP, Inc. has been successfully acquired as a wholly owned Subsidiary. The Acquisition was via a Share Exchange Agreement whereby GDAR restricted shares were exchanged for Office VP, Inc.
Office VP, Inc. has annual sales forecasts in excess of $7.6 Million US Dollar and profit expectations of $4.7 Million US Dollar in 2014 and doubling in 2015. Additionally, the balance sheet of Office VP, Inc. reports total assets in excess of $5.1 Million US Dollar and Liabilities of $824.000 US Dollar -- a net book value of $4.3 Million US Dollar; (www.gdarinc.com).
The Terms of the Letter of Intent, which became an integral binding part of the Share Exchange Agreement, states the operations of Office VP, Inc. will be included in the consolidated financial statements of GDAR for "the period effective July 1, 2013 and forward"; hence GDAR consolidated financial statements for the year ending December 31, 2013 will reflect Office VP, Inc. results from July 1, 2013 through December 31, 2013.
Office VP management team brings 10 years of experience working together developing advanced marketing, web forms, HTLM 5, video hosting, video email, video e-mail triggers, auto responders, online page generation and hosting, social media integration and broad, web site replication, a host of other advanced marketing technologies for both online and mobile marketing, for entrepreneurs, small business b2b and b2c. Office VP, Inc. has established itself as the premier online and mobile marking tool provider in the US/Canada and international Global Markets. Its multilingual platform along with its advanced comprehensive tools set make it the most sought after application on the market today. The combination of Technology in a Public Vehicle should increase Share Values. While the exact terms for the acquisition will be announced after closing, the acquisition is expected to be completed by exchange of restricted GDAR Common Shares for all outstanding Shares of Office VP, Inc.
Mr. Steen, President and CEO of Golden Age Resources, Inc., commented, "I'm honored and extremely pleased to have watched Office VP, Inc. emerge over the last 10 years to become the global leader in online marketing tools and technologies. Moreover, I am ecstatic to be part of GDAR and its affiliation with Office VP Inc. This is a very special day for all of the Shareholders of GDAR."
Mr. Musick, CEO of Office VP, Inc. commented, "Our goal is to enrich people's lives by assisting and enhancing their ability to effectively communicate. With the partnership of Golden Age Resources Inc., I believe we can accomplish this goal and we are very pleased to see this positive step for Office VP, Inc. and GDAR."
About Golden Age Resources, Inc.
GDAR, organized as a Nevada Company, has re-directed its core business into a Technology Based Emerging Company, and has a detailed organized business plan of internal and external growth. The technology marketing-based plan has proven to be very profitable and shareholder value should and has been greatly enhanced with this change of business direction.
About Office VP Inc.:
The Company was founded by Jesse Musick in 2003 with the vision to create, develop and offer advance marketing tools using web, e-mail, video and other costumer friendly applications. During the 10 year history the company has grown by many multiples
Forward Looking Statements - This press release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward looking statements in this release are made as of the date hereof and Golden Age Resources Inc. undertakes no obligation to update such statements.
Contact:
www.gdarinc.com
Investor relations
Morningstar Corporate Communications
USA toll free 1(888) 876-9995
GDAR@mscorpcommunications.com
Golden Age Resources, Inc. Announces Acquisition of Office VP, Inc.
PALM BEACH GARDENS, FL--(Marketwired - Jan 15, 2014) - Golden Age Resources Inc., (OTC Pink: GDAR) announced that effective December 4, 2013, the Letter of Intent with Office VP, Inc. has been finalized and Office VP, Inc. has been successfully acquired as a wholly owned Subsidiary. The Acquisition was via a Share Exchange Agreement whereby GDAR restricted shares were exchanged for Office VP, Inc.
Office VP, Inc. has annual sales forecasts in excess of $7.6 Million US Dollar and profit expectations of $4.7 Million US Dollar in 2014 and doubling in 2015. Additionally, the balance sheet of Office VP, Inc. reports total assets in excess of $5.1 Million US Dollar and Liabilities of $824.000 US Dollar -- a net book value of $4.3 Million US Dollar; (www.gdarinc.com).
The Terms of the Letter of Intent, which became an integral binding part of the Share Exchange Agreement, states the operations of Office VP, Inc. will be included in the consolidated financial statements of GDAR for "the period effective July 1, 2013 and forward"; hence GDAR consolidated financial statements for the year ending December 31, 2013 will reflect Office VP, Inc. results from July 1, 2013 through December 31, 2013.
Office VP management team brings 10 years of experience working together developing advanced marketing, web forms, HTLM 5, video hosting, video email, video e-mail triggers, auto responders, online page generation and hosting, social media integration and broad, web site replication, a host of other advanced marketing technologies for both online and mobile marketing, for entrepreneurs, small business b2b and b2c. Office VP, Inc. has established itself as the premier online and mobile marking tool provider in the US/Canada and international Global Markets. Its multilingual platform along with its advanced comprehensive tools set make it the most sought after application on the market today. The combination of Technology in a Public Vehicle should increase Share Values. While the exact terms for the acquisition will be announced after closing, the acquisition is expected to be completed by exchange of restricted GDAR Common Shares for all outstanding Shares of Office VP, Inc.
Mr. Steen, President and CEO of Golden Age Resources, Inc., commented, "I'm honored and extremely pleased to have watched Office VP, Inc. emerge over the last 10 years to become the global leader in online marketing tools and technologies. Moreover, I am ecstatic to be part of GDAR and its affiliation with Office VP Inc. This is a very special day for all of the Shareholders of GDAR."
Mr. Musick, CEO of Office VP, Inc. commented, "Our goal is to enrich people's lives by assisting and enhancing their ability to effectively communicate. With the partnership of Golden Age Resources Inc., I believe we can accomplish this goal and we are very pleased to see this positive step for Office VP, Inc. and GDAR."
About Golden Age Resources, Inc.
GDAR, organized as a Nevada Company, has re-directed its core business into a Technology Based Emerging Company, and has a detailed organized business plan of internal and external growth. The technology marketing-based plan has proven to be very profitable and shareholder value should and has been greatly enhanced with this change of business direction.
About Office VP Inc.:
The Company was founded by Jesse Musick in 2003 with the vision to create, develop and offer advance marketing tools using web, e-mail, video and other costumer friendly applications. During the 10 year history the company has grown by many multiples
Forward Looking Statements - This press release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward looking statements in this release are made as of the date hereof and Golden Age Resources Inc. undertakes no obligation to update such statements.
Contact:
www.gdarinc.com
Investor relations
Morningstar Corporate Communications
USA toll free 1(888) 876-9995
GDAR@mscorpcommunications.com
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