One True Superhero and a $2.5 Million Increase in
Post# of 54
Posted On: 09/04/2015 8:48:24 PM
One True Superhero and a $2.5 Million Increase in Shareholder Equity
GD Entertainment & Technology releases 'The Son' book series and discloses first financial statement
(Agoura Hills, CA -- August 18th, 2015)
GD Entertainment & Technology, Inc. ("GDET"
(OTC: GDET) announces the release of its first Annual Financial Statement and Management Disclosure Statement, as filed on OTC Markets. The report shows a roughly $2.5 million increase in shareholder equity from this point last year.
The Annual Report also indicates an impressive boost in company assets:
Company assets on May 31st of 2014 were listed as $155,246
at the time of the report assets had increased to a total of $3,452,046
The increase in these assets are primarily due to the distribution deals in place with The Son and StoneAge Santa book properties.
Our first Annual Report highlights significant improvements over the last year, even though we have only had a little more than 2 quarters of operations, explains Lawrence Bracco, COO for GDET. We have carefully orchestrated the growth and development of our company, and believe we're poised for big things in the coming year."
In addition to the release of the report, GDET is pleased to announce that their Christian-themed book series, The Son, is now available for purchase online and wholesale clients are in the process of being signed up now.
-MORE-
Billed as "The One True Superhero", The Son is a historical graphic novel which follows the life and teachings of Jesus Christ, in a fun and entertaining format. The series is aimed at empowering youth with "the only superhero they'll ever need". It is available at www.thesonbibleseries.com
The mission statement from the makers of The Son is "Helping Children Love the Bible."
"We are pleased at the progress we have made over the past 6 months since our merger," said Dong H. Chung, CEO. "We believe that we have positioned the company for long term stability and growth and appreciate those investors who share our vision. We anticipate revenues to commence this quarter and continue to work towards becoming fully reporting over the next quarter."
Additional details of the May 31, 2015 Annual Report are available on OTC Markets or upon request.
About GD Entertainment & Technology, Inc.:
GDET specializes in the development, production and exploitation of entertainment properties and technologies worldwide. Over the past 10 years, GDET and its management have created, produced, and/or distributed a variety of family-friendly content, including: Conan the Barbarian animated DVD, animated Voyages of Young Dr. Doolittle and Adventures of Odyssey and the acclaimed graphic novel series, The Almighty Bible, an ebook & print version of the Bible for teenagers. GDET principals have over 80 years of combined experience in producing and distributing media, consulting to and licensing major intellectual properties globally, including Warner Brothers, Marvel/Disney, and Mommy & Me. Management has been conducting business in Asia for more than 25 years, and has significant relationships with major corporations, investors and production facilities in Korea, Thailand, China, Japan and other markets. GDET has several 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 games.
Safe Harbor Statement
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
For more information please contact:
Lawrence Bracco, COO of GDET
(805) 208-3171
larrybracco@gdetinc.com
GD Entertainment & Technology releases 'The Son' book series and discloses first financial statement
(Agoura Hills, CA -- August 18th, 2015)
GD Entertainment & Technology, Inc. ("GDET"
(OTC: GDET) announces the release of its first Annual Financial Statement and Management Disclosure Statement, as filed on OTC Markets. The report shows a roughly $2.5 million increase in shareholder equity from this point last year. The Annual Report also indicates an impressive boost in company assets:
Company assets on May 31st of 2014 were listed as $155,246
at the time of the report assets had increased to a total of $3,452,046
The increase in these assets are primarily due to the distribution deals in place with The Son and StoneAge Santa book properties.
Our first Annual Report highlights significant improvements over the last year, even though we have only had a little more than 2 quarters of operations, explains Lawrence Bracco, COO for GDET. We have carefully orchestrated the growth and development of our company, and believe we're poised for big things in the coming year."
In addition to the release of the report, GDET is pleased to announce that their Christian-themed book series, The Son, is now available for purchase online and wholesale clients are in the process of being signed up now.
-MORE-
Billed as "The One True Superhero", The Son is a historical graphic novel which follows the life and teachings of Jesus Christ, in a fun and entertaining format. The series is aimed at empowering youth with "the only superhero they'll ever need". It is available at www.thesonbibleseries.com
The mission statement from the makers of The Son is "Helping Children Love the Bible."
"We are pleased at the progress we have made over the past 6 months since our merger," said Dong H. Chung, CEO. "We believe that we have positioned the company for long term stability and growth and appreciate those investors who share our vision. We anticipate revenues to commence this quarter and continue to work towards becoming fully reporting over the next quarter."
Additional details of the May 31, 2015 Annual Report are available on OTC Markets or upon request.
About GD Entertainment & Technology, Inc.:
GDET specializes in the development, production and exploitation of entertainment properties and technologies worldwide. Over the past 10 years, GDET and its management have created, produced, and/or distributed a variety of family-friendly content, including: Conan the Barbarian animated DVD, animated Voyages of Young Dr. Doolittle and Adventures of Odyssey and the acclaimed graphic novel series, The Almighty Bible, an ebook & print version of the Bible for teenagers. GDET principals have over 80 years of combined experience in producing and distributing media, consulting to and licensing major intellectual properties globally, including Warner Brothers, Marvel/Disney, and Mommy & Me. Management has been conducting business in Asia for more than 25 years, and has significant relationships with major corporations, investors and production facilities in Korea, Thailand, China, Japan and other markets. GDET has several 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 games.
Safe Harbor Statement
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
For more information please contact:
Lawrence Bracco, COO of GDET
(805) 208-3171
larrybracco@gdetinc.com
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