Golden Age Resources, Inc. (GDAR) Enters Into a Letter of Intent to Purchase Griffin Holdings and IT Solutions, Inc.
October 11 2012 - 8:00AM
Marketwired
Golden Age Resources, Inc. (PINKSHEETS: GDAR) announced today that
it has entered into a Letter of Intent to acquire 100% of the
issued and outstanding stock of Griffin Holdings and IT Solutions,
Inc. Griffin is a cutting edge trending Technology Company with
global consulting engagements and diversifying with a planned
acquisition program underway.
The acquisition is anticipated to be finalized prior to the end
of the Third Quarter and will be retroactively effective to the
Year Beginning January 1, 2012. Hence, GDAR's Third Quarter
reporting is anticipated to reflect the effects of The Acquisition
for the Third Quarter on a consolidated basis.
The Acquisition is the first of many planned acquisitions of
GDAR, which is intended to immediately diversify its core business,
and tremendously enhance shareholder value.
Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under
the Securities Act of 1933 and Rule 3b-6 under the Securities
Exchange Act of 1934, and are subject to the safe harbor created by
those rules. All statements, other than statements of fact,
included in this release, including, without limitation, statements
regarding potential future plans and objectives of the company, are
forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements.
Contact: Chrissi Suttman Phone: (561) 472-2933
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