New Asset Based Investment Subsidiary Formed Small Business Development Group, Inc. (OTC Pink: SBDG)
January 30 2014 - 8:00AM
Marketwired
New Asset Based Investment Subsidiary Formed Small Business
Development Group, Inc. (OTC Pink: SBDG)
SAINT CLOUD, FL--(Marketwired - Jan 30, 2014) - Small Business
Development Group, Inc. (OTC Pink: SBDG) and RYS & Co. its
largest shareholder have formed Deep River Management Corp. (DRMC)
as an SBDG subsidiary.
DRMC expects to launch its first funding partnership in the
third quarter of 2014 with the goal of securing $5M to $7.5M once
management has developed the compliance and underwriting
procedures. We anticipate a second quarter pilot transactions
further proving our signature program "Engineering a Public
Company".
This majority owned subsidiary has been formed to address future
client and acquisition financial needs in the form of asset based
financing and non-toxic Private Investment in Public Equities.
RYS & Co. will provide DRMC with interim management who will
report to the board of directors of SBDG. Further information is
available at http://www.sbdgp.com and OTC Markets at
http://www.otcmarkets.com/stock/SBDG/quote.
Forward-Looking Statements: This press release
contains statements, which may constitute "forward-looking
statements" within the meaning of the Securities Act of 1933 and
the Securities Exchange Act of 1934, as amended by the Private
Securities Litigation Reform Act of 1995. Those statements include
statements regarding the intent, belief or current expectations of
Small Business Development Group, Inc. and members of its
management as well as the assumptions on which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. The Company undertakes no obligation to update or
revise forward-looking statements to reflect changed assumptions
the occurrence of unanticipated events or changes to future
operating results.
Investor Relations: Deb Sanderson d.sanderson@sdbgp.com
207-209-2013 Ext. 3 http://www.sbdgp.com
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