DONINI, INC. (DNNC.OTC) Agrees to Merge with GD E
Post# of 54
Posted On: 11/24/2014 11:59:35 AM
DONINI, INC. (DNNC.OTC) Agrees to Merge with GD Entertainment & Technology, Inc., a Premier Family Entertainment Company.
Montreal, Quebec, Canada (November 4, 2014) - Donini, Inc., (DNNC.OTC) a New Jersey corporation announces the signing of a "Definitive Agreement and Plan of Merger" with Southern California-based GD Entertainment & Technology, Inc. Management plans for the completion date of the merger to be on or before November 10, 2014. All parties involved are moving expeditiously to accomplish this transaction.
Mr. Peter Deros, Donini Inc.'s CEO, states, "GD Entertainment & Technology is a company who has vision and leadership, as well as, tremendous growth potential”. Mr. Deros went on to further state, “I am very happy to be working with GDET during this transition period and share their enthusiasm and value for their vision in family entertainment and technology."
As part of this merger, GD Entertainment & Technology, Inc., a Nevada corporation is being formed and into which Golden Dog Productions, LLC of Westlake Village, CA will place all of its assets and liabilities. This new corporation will then merge into Donini, Inc. and will become the operating company of the public enterprise. Once the merger is complete, the new Board of Directors will consist of the members of the GDET management team and the current Donini Board members will resign.
Dong H. Chung, founder and CEO of Golden Dog, states, "This merger is fully aligned with our capital and growth strategy. We have been looking at the public markets for some time to find the right fit for our needs. We are very excited about our future opportunities with the momentum provided by this transaction and the potential strength of our ongoing operations."
Donini, Inc., a New Jersey Corporation, was established in 2001 when the company acquired control, by way of a reverse merger, of Pizza Donini, a Canadian company that has been operating and licensing Italian style restaurants specializing in pizza and related products within the Greater Montreal Area in the province of Quebec for over 20 years. Details about the merger will be forthcoming.
Golden Dog Productions, was formed in 2004. The Company specializes in the development, production and exploitation of entertainment properties and technologies worldwide. Over the past 10 years, GDP has created, produced, financed and/or distributed a wide variety of family-friendly content, including: Conan the Barbarian animated DVD, animated Voyages of Young Dr. Doolittle and Adventures in Oddysey. GDP also produced the acclaimed graphic novel series, The Almighty Bible, an ebook and print version of the Bible for teenagers around the world. The first book, Genesis, we released in September, 2010, and 8 books have been released to date. GDP principals have over 80 years of combined experience in producing and distributing media properties, managing, consulting to and licensing major brands and intellectual properties worldwide, including Warner Brothers, Marvel/Disney, Dr. Doolittle, Mommy & Me, Build-a-Bear Workshop and the USO. Management has also been conducting business in Asia for more than 25 years, and has developed significant relationships with major corporations, investors and production facilities in Korea, Thailand, China, Japan and other markets.
For further information contact Lawrence Bracco, GD Entertainment & Technology, Inc. (818) 338-5723.
This release contains forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control, which may cause actual results, performance or achievements of the Company to be materially different from results, performance or expectations implied by these forward-looking statements.
Montreal, Quebec, Canada (November 4, 2014) - Donini, Inc., (DNNC.OTC) a New Jersey corporation announces the signing of a "Definitive Agreement and Plan of Merger" with Southern California-based GD Entertainment & Technology, Inc. Management plans for the completion date of the merger to be on or before November 10, 2014. All parties involved are moving expeditiously to accomplish this transaction.
Mr. Peter Deros, Donini Inc.'s CEO, states, "GD Entertainment & Technology is a company who has vision and leadership, as well as, tremendous growth potential”. Mr. Deros went on to further state, “I am very happy to be working with GDET during this transition period and share their enthusiasm and value for their vision in family entertainment and technology."
As part of this merger, GD Entertainment & Technology, Inc., a Nevada corporation is being formed and into which Golden Dog Productions, LLC of Westlake Village, CA will place all of its assets and liabilities. This new corporation will then merge into Donini, Inc. and will become the operating company of the public enterprise. Once the merger is complete, the new Board of Directors will consist of the members of the GDET management team and the current Donini Board members will resign.
Dong H. Chung, founder and CEO of Golden Dog, states, "This merger is fully aligned with our capital and growth strategy. We have been looking at the public markets for some time to find the right fit for our needs. We are very excited about our future opportunities with the momentum provided by this transaction and the potential strength of our ongoing operations."
Donini, Inc., a New Jersey Corporation, was established in 2001 when the company acquired control, by way of a reverse merger, of Pizza Donini, a Canadian company that has been operating and licensing Italian style restaurants specializing in pizza and related products within the Greater Montreal Area in the province of Quebec for over 20 years. Details about the merger will be forthcoming.
Golden Dog Productions, was formed in 2004. The Company specializes in the development, production and exploitation of entertainment properties and technologies worldwide. Over the past 10 years, GDP has created, produced, financed and/or distributed a wide variety of family-friendly content, including: Conan the Barbarian animated DVD, animated Voyages of Young Dr. Doolittle and Adventures in Oddysey. GDP also produced the acclaimed graphic novel series, The Almighty Bible, an ebook and print version of the Bible for teenagers around the world. The first book, Genesis, we released in September, 2010, and 8 books have been released to date. GDP principals have over 80 years of combined experience in producing and distributing media properties, managing, consulting to and licensing major brands and intellectual properties worldwide, including Warner Brothers, Marvel/Disney, Dr. Doolittle, Mommy & Me, Build-a-Bear Workshop and the USO. Management has also been conducting business in Asia for more than 25 years, and has developed significant relationships with major corporations, investors and production facilities in Korea, Thailand, China, Japan and other markets.
For further information contact Lawrence Bracco, GD Entertainment & Technology, Inc. (818) 338-5723.
This release contains forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control, which may cause actual results, performance or achievements of the Company to be materially different from results, performance or expectations implied by these forward-looking statements.
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