GD ENTERTAINMENT & TECHNOLOGY,
INC. SECURES $5 MILLION FUNDING COMMMITMENT
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