AGOURA, CA -- August 20, 2015 -- InvestorsHub News
Post# of 54
Posted On: 09/04/2015 8:48:58 PM
AGOURA, CA -- August 20, 2015 -- InvestorsHub NewsWire -- GD Entertainment & Technology, Inc. (formerly Donini Inc.) (OTC Markets: GDET), a leading entertainment and technology company, is pleased to announce that it has has secured a $5 million preferred equity investment commitment to further advance its intellectual property development, fund expansion efforts into Asia and other working capital needs. The Preferred Equity commitment is being provided by Premier Venture Partners, LLC, a Los Angeles-based private equity firm.
"This funding commitment comes at a critical time for the company as we prepare for our audit and the filing of our Form 10 to become a fully reporting company," said Dong Chung, CEO of GDET. "By having this commitment in place, we can be in control of our destiny with regards to the long term growth of the Company. With the support of Premier Venture Partners, we feel we will have greater flexibility for generating revenues and creating shareholder value."
Lawrence Bracco, COO of GDET commented, It was a pleasure working the Premier team. They were very responsive to our financing needs, and understood our desire to create long term stability. We can now focus on our immediate objectives and projects.
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 and a live stage show, as well as an adaptation of a successful juvenile graphic novel series for eBook and digital video.
Safe Harbor Statement
This release includes "forwardlooking 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 forwardlooking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forwardlooking statements are reasonable, it can give no assurance that such expectations or any of its forwardlooking 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.
Company Contact:
Lawrence Bracco
Tel: (805) 208-3171
larrybracco@gdetinc.com
"This funding commitment comes at a critical time for the company as we prepare for our audit and the filing of our Form 10 to become a fully reporting company," said Dong Chung, CEO of GDET. "By having this commitment in place, we can be in control of our destiny with regards to the long term growth of the Company. With the support of Premier Venture Partners, we feel we will have greater flexibility for generating revenues and creating shareholder value."
Lawrence Bracco, COO of GDET commented, It was a pleasure working the Premier team. They were very responsive to our financing needs, and understood our desire to create long term stability. We can now focus on our immediate objectives and projects.
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 and a live stage show, as well as an adaptation of a successful juvenile graphic novel series for eBook and digital video.
Safe Harbor Statement
This release includes "forwardlooking 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 forwardlooking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forwardlooking statements are reasonable, it can give no assurance that such expectations or any of its forwardlooking 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.
Company Contact:
Lawrence Bracco
Tel: (805) 208-3171
larrybracco@gdetinc.com
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