Donini Inc. Announces Completion of Merger with GD
Post# of 54
Posted On: 11/24/2014 12:08:11 PM
Donini Inc. Announces Completion of Merger with GD Entertainment & Technology, Inc.
November 22, 2014 – Westlake Village, CA. -- Donini Inc. (OTC Pink Marketplace: DNNC) today
announced that it has completed its previously announced merger with GD Entertainment & Technology,
Inc. (GDET). In accordance with the terms of the merger agreement, GDET has become a wholly owned
direct subsidiary of Donini. Under the terms of the agreement, Donini has acquired all of the outstanding
shares of common stock of GDET. Donini will assume the name of GD Entertainment & Technology, Inc.
in keeping with the new focus of the Company. Reorganization of the Company is now complete and the
prior Board of Donini has resigned.
“I am very proud of all of the hard work that has gone into close this transaction. This has required a
tremendous amount of work by a number of people from both sides. I especially want to thank Donini
CEO Peter Deros for his cooperation and assistance.” said Dong H. Chung, CEO of GDET. “We look
forward to communicating with our partners and shareholders in the coming weeks about our plans and
projects in production.”
“The entire GDET team was extremely focused and professional during this process,” added Deros, “and I
am confident in their ability to execute on their business plans moving forward.”
Lawrence Bracco, Chief Operating Officer of GDET, commented: “This is really just the first step in what
will be a concerted effort to being positioned as a premier provider of quality family media, entertainment
and technology worldwide. We look forward to generating significant shareholder value from our
intellectual properties, co-productions and projects.”
GD Entertainment & Technology, Inc. (GDET) specializes in the development, production and exploitation
of entertainment properties and technologies worldwide. Over the past 10 years, GDET (formerly Golden
Dog Productions) 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 of Odyssey. GDET 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. GDET 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.
GDET has several family-focused projects in development including an animated feature film, a live stage
show and an adaptation of a successful juvenile book series for digital video and mobile game.
For further information contact Lawrence Bracco, GD Entertainment & Technology, Inc. (818) 338-5723.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: When used in
this release, the words “may,” “will,” “expect,” “anticipate,” “continue,” “estimate,” “project,” “intend,”
“believe,” and similar expressions, variations or the negative of these words, and any statement regarding
possible or assumed future results of operations of our business, the markets for our products, anticipated
expenditures, regulatory developments or competition, or other statements regarding matters that are not
historical facts, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. The reader should be aware that our actual results could differ
materially from those contained in forward-looking statements. Our financial condition and the results of
our operations will depend on a number of factors, including, but not limited to, the following: our ability
to realize the expected benefits from the acquisition; our ability to successfully identify, consummate and
integrate acquisitions; our ability to implement our growth strategy and acquisition program; our ability to
retain key customers; our ability to compete successfully with our competitors; general global economic
and political conditions resulting from threats or acts of war or terrorism and responses thereto; access to
capital; our ability to secure additional financing; maintaining satisfactory relationships with commercial
banking institutions; establishing controls with regard to and maintaining the integrity of technology and
information systems; and, reliance upon executive officers and key personnel. There may be other factors
not mentioned above or included in our filings on the OTC News and Disclosure Service that may cause
actual results to differ materially from any forward-looking statement. The reader should not place undue
reliance on any forward-looking statement. Except as required by law, GD Entertainment & Technology,
Inc. expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change in its expectations with respect thereto
or any new information, future developments, or change in events, conditions or circumstances on which
any statement is based.
November 22, 2014 – Westlake Village, CA. -- Donini Inc. (OTC Pink Marketplace: DNNC) today
announced that it has completed its previously announced merger with GD Entertainment & Technology,
Inc. (GDET). In accordance with the terms of the merger agreement, GDET has become a wholly owned
direct subsidiary of Donini. Under the terms of the agreement, Donini has acquired all of the outstanding
shares of common stock of GDET. Donini will assume the name of GD Entertainment & Technology, Inc.
in keeping with the new focus of the Company. Reorganization of the Company is now complete and the
prior Board of Donini has resigned.
“I am very proud of all of the hard work that has gone into close this transaction. This has required a
tremendous amount of work by a number of people from both sides. I especially want to thank Donini
CEO Peter Deros for his cooperation and assistance.” said Dong H. Chung, CEO of GDET. “We look
forward to communicating with our partners and shareholders in the coming weeks about our plans and
projects in production.”
“The entire GDET team was extremely focused and professional during this process,” added Deros, “and I
am confident in their ability to execute on their business plans moving forward.”
Lawrence Bracco, Chief Operating Officer of GDET, commented: “This is really just the first step in what
will be a concerted effort to being positioned as a premier provider of quality family media, entertainment
and technology worldwide. We look forward to generating significant shareholder value from our
intellectual properties, co-productions and projects.”
GD Entertainment & Technology, Inc. (GDET) specializes in the development, production and exploitation
of entertainment properties and technologies worldwide. Over the past 10 years, GDET (formerly Golden
Dog Productions) 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 of Odyssey. GDET 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. GDET 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.
GDET has several family-focused projects in development including an animated feature film, a live stage
show and an adaptation of a successful juvenile book series for digital video and mobile game.
For further information contact Lawrence Bracco, GD Entertainment & Technology, Inc. (818) 338-5723.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: When used in
this release, the words “may,” “will,” “expect,” “anticipate,” “continue,” “estimate,” “project,” “intend,”
“believe,” and similar expressions, variations or the negative of these words, and any statement regarding
possible or assumed future results of operations of our business, the markets for our products, anticipated
expenditures, regulatory developments or competition, or other statements regarding matters that are not
historical facts, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. The reader should be aware that our actual results could differ
materially from those contained in forward-looking statements. Our financial condition and the results of
our operations will depend on a number of factors, including, but not limited to, the following: our ability
to realize the expected benefits from the acquisition; our ability to successfully identify, consummate and
integrate acquisitions; our ability to implement our growth strategy and acquisition program; our ability to
retain key customers; our ability to compete successfully with our competitors; general global economic
and political conditions resulting from threats or acts of war or terrorism and responses thereto; access to
capital; our ability to secure additional financing; maintaining satisfactory relationships with commercial
banking institutions; establishing controls with regard to and maintaining the integrity of technology and
information systems; and, reliance upon executive officers and key personnel. There may be other factors
not mentioned above or included in our filings on the OTC News and Disclosure Service that may cause
actual results to differ materially from any forward-looking statement. The reader should not place undue
reliance on any forward-looking statement. Except as required by law, GD Entertainment & Technology,
Inc. expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change in its expectations with respect thereto
or any new information, future developments, or change in events, conditions or circumstances on which
any statement is based.
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