New Asset Based Investment Subsidiary Formed Small
Post# of 94145
Posted On: 01/30/2014 8:24:58 AM
New Asset Based Investment Subsidiary Formed Small Business Development Group, Inc. (OTC Pink: SBDG)
New Asset Based Investment Subsidiary Formed Small Business Development Group, Inc. (OTC Pink: SBDG)
SAINT CLOUD, FL--(Marketwired - Jan 30, 2014) - Small Business Development Group, Inc. (OTC Pink: SBDG) and RYS & Co. its largest shareholder have formed Deep River Management Corp. (DRMC) as an SBDG subsidiary.
DRMC expects to launch its first funding partnership in the third quarter of 2014 with the goal of securing $5M to $7.5M once management has developed the compliance and underwriting procedures. We anticipate a second quarter pilot transactions further proving our signature program "Engineering a Public Company".
This majority owned subsidiary has been formed to address future client and acquisition financial needs in the form of asset based financing and non-toxic Private Investment in Public Equities.
RYS & Co. will provide DRMC with interim management who will report to the board of directors of SBDG. Further information is available at http://www.sbdgp.com and OTC Markets at http://www.otcmarkets.com/stock/SBDG/quote.
Forward-Looking Statements:
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Small Business Development Group, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions the occurrence of unanticipated events or changes to future operating results.
Investor Relations:
Deb Sanderson
d.sanderson@sdbgp.com
207-209-2013 Ext. 3
http://www.sbdgp.com
New Asset Based Investment Subsidiary Formed Small Business Development Group, Inc. (OTC Pink: SBDG)
SAINT CLOUD, FL--(Marketwired - Jan 30, 2014) - Small Business Development Group, Inc. (OTC Pink: SBDG) and RYS & Co. its largest shareholder have formed Deep River Management Corp. (DRMC) as an SBDG subsidiary.
DRMC expects to launch its first funding partnership in the third quarter of 2014 with the goal of securing $5M to $7.5M once management has developed the compliance and underwriting procedures. We anticipate a second quarter pilot transactions further proving our signature program "Engineering a Public Company".
This majority owned subsidiary has been formed to address future client and acquisition financial needs in the form of asset based financing and non-toxic Private Investment in Public Equities.
RYS & Co. will provide DRMC with interim management who will report to the board of directors of SBDG. Further information is available at http://www.sbdgp.com and OTC Markets at http://www.otcmarkets.com/stock/SBDG/quote.
Forward-Looking Statements:
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Small Business Development Group, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions the occurrence of unanticipated events or changes to future operating results.
Investor Relations:
Deb Sanderson
d.sanderson@sdbgp.com
207-209-2013 Ext. 3
http://www.sbdgp.com
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