DONINI, INC. (DNNC.OTC)
Agrees to Merge with GD Entertainment & Technology, Inc., a
Premier Family Entertainment Company.
Montreal, Quebec, Canada - December 9, 2014 - InvestorsHub
NewsWire - Donini, Inc., (DNNC.OTC)
a New Jersey corporation announces the signing of a "Definitive
Agreement and Plan of Merger" with Southern California-based GD
Entertainment & Technology, Inc. Management plans for the
completion date of the merger to be on or before November 10,
2014. All parties involved are moving expeditiously to
accomplish this transaction.
Mr. Peter Deros, Donini Inc.'s CEO, states, "GD Entertainment
& Technology is a company who has vision and leadership, as
well as, tremendous growth potential”. Mr. Deros went
on to further state, “I am very happy to be working with GDET
during this transition period and share their enthusiasm and value
for their vision in family entertainment and technology."
As part of this merger, GD Entertainment & Technology,
Inc., a Nevada corporation is being formed and into which Golden
Dog Productions, LLC of Westlake Village, CA will place all of its
assets and liabilities. This new corporation will then merge
into Donini, Inc. and will become the operating company of the
public enterprise. Once the merger is complete, the new
Board of Directors will consist of the members of the GDET
management team and the current Donini Board members will
resign.
Dong H. Chung, founder and CEO of Golden Dog, states, "This
merger is fully aligned with our capital and growth strategy. We
have been looking at the public markets for some time to find the
right fit for our needs. We are very excited about our future
opportunities with the momentum provided by this transaction and
the potential strength of our ongoing operations."
Donini, Inc., a New Jersey Corporation, was established in 2001
when the company acquired control, by way of a reverse merger, of
Pizza Donini, a Canadian company that has been operating and
licensing Italian style restaurants specializing in pizza and
related products within the Greater Montreal Area in the province
of Quebec for over 20 years. Details about the merger
will be forthcoming.
Golden Dog Productions, was formed in 2004. The Company
specializes in the development, production and exploitation of
entertainment properties and technologies worldwide. Over the past
10 years, GDP has created, produced, financed and/or distributed a
wide variety of family-friendly content, including: Conan the
Barbarian animated DVD, animated Voyages of Young Dr. Doolittle and
Adventures in Oddysey. GDP also produced the acclaimed
graphic novel series, The Almighty Bible, an ebook and print
version of the Bible for teenagers around the world. The first
book, Genesis, we released in September, 2010, and 8 books have
been released to date. GDP principals have over 80 years of
combined experience in producing and distributing media properties,
managing, consulting to and licensing major brands and intellectual
properties worldwide, including Warner Brothers, Marvel/Disney, Dr.
Doolittle, Mommy & Me, Build-a-Bear Workshop and the USO.
Management has also been conducting business in Asia for more than
25 years, and has developed significant relationships with major
corporations, investors and production facilities in Korea,
Thailand, China, Japan and other markets.
For further information contact Lawrence Bracco, GD
Entertainment & Technology, Inc. (818) 338-5723.
This release contains forward-looking statements which involve
known and unknown risks, delays, and uncertainties not under the
Company's control, which may cause actual results, performance or
achievements of the Company to be materially different from
results, performance or expectations implied by these
forward-looking statements.