Golden Age Resources, Inc. Announces Acquisition of Office VP, Inc.
15 Enero 2014 - 8:00AM
Marketwired
Golden Age Resources, Inc. Announces Acquisition of Office VP, Inc.
PALM BEACH GARDENS, FL--(Marketwired - Jan 15, 2014) - Golden
Age Resources Inc., (OTC Pink: GDAR) announced that effective
December 4, 2013, the Letter of Intent with Office VP, Inc. has
been finalized and Office VP, Inc. has been successfully acquired
as a wholly owned Subsidiary. The Acquisition was via a Share
Exchange Agreement whereby GDAR restricted shares were exchanged
for Office VP, Inc.
Office VP, Inc. has annual sales forecasts in excess of $7.6
Million US Dollar and profit expectations of $4.7 Million US Dollar
in 2014 and doubling in 2015. Additionally, the balance sheet of
Office VP, Inc. reports total assets in excess of $5.1 Million US
Dollar and Liabilities of $824.000 US Dollar -- a net book value of
$4.3 Million US Dollar; (www.gdarinc.com).
The Terms of the Letter of Intent, which became an integral
binding part of the Share Exchange Agreement, states the operations
of Office VP, Inc. will be included in the consolidated financial
statements of GDAR for "the period effective July 1, 2013 and
forward"; hence GDAR consolidated financial statements for the year
ending December 31, 2013 will reflect Office VP, Inc. results from
July 1, 2013 through December 31, 2013.
Office VP management team brings 10 years of
experience working together developing advanced marketing, web
forms, HTLM 5, video hosting, video email, video e-mail triggers,
auto responders, online page generation and hosting, social media
integration and broad, web site replication, a host of other
advanced marketing technologies for both online and mobile
marketing, for entrepreneurs, small business b2b and b2c. Office
VP, Inc. has established itself as the premier online and mobile
marking tool provider in the US/Canada and international Global
Markets. Its multilingual platform along with its advanced
comprehensive tools set make it the most sought after application
on the market today. The combination of Technology in a Public
Vehicle should increase Share Values. While the exact terms for the
acquisition will be announced after closing, the acquisition is
expected to be completed by exchange of restricted GDAR Common
Shares for all outstanding Shares of Office VP, Inc.
Mr. Steen, President and CEO of Golden Age Resources, Inc.,
commented, "I'm honored and extremely pleased to have watched
Office VP, Inc. emerge over the last 10 years to become the global
leader in online marketing tools and technologies. Moreover, I am
ecstatic to be part of GDAR and its affiliation with Office VP Inc.
This is a very special day for all of the Shareholders of
GDAR."
Mr. Musick, CEO of Office VP, Inc. commented, "Our goal is to
enrich people's lives by assisting and enhancing their ability to
effectively communicate. With the partnership of Golden Age
Resources Inc., I believe we can accomplish this goal and we are
very pleased to see this positive step for Office VP, Inc. and
GDAR."
About Golden Age Resources, Inc.
GDAR, organized as a Nevada Company, has re-directed its core
business into a Technology Based Emerging Company, and has a
detailed organized business plan of internal and external
growth. The technology marketing-based plan has proven to be
very profitable and shareholder value should and has been greatly
enhanced with this change of business direction.
About Office VP Inc.:
The Company was founded by Jesse Musick in 2003 with the vision
to create, develop and offer advance marketing tools using web,
e-mail, video and other costumer friendly applications. During the
10 year history the company has grown by many multiples
Forward Looking Statements - This press release contains
"forward looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended and such forward
looking statements are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Such
statements are subject to risks and uncertainties that could cause
future results to differ materially from the forward looking
statements. You should consider these factors in evaluating the
statements herein, and not rely on such statements. The forward
looking statements in this release are made as of the date hereof
and Golden Age Resources Inc. undertakes no obligation to update
such statements.
Contact: www.gdarinc.com Investor relations Morningstar
Corporate Communications USA toll free 1(888) 876-9995
GDAR@mscorpcommunications.com
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