GD ENTERTAINMENT & TECHNOLOGY, INC. ANNOUNCES ISSUANCE OF
MANAGEMENT COMMON SHARES
AGOURA, CA – February 5, 2015 – InvestorHub NewsWire - GD
Entertainment & Technology, Inc. (formerly Donini Inc.
(OTC
Markets: DNNC), a leading entertainment and technology company
today announced that it completed its new share issuance to the
management team.
As a result of the transaction, the Company issued an aggregate
of 1,000,000,000 restricted common shares of the Company to key
Executives and Officers of the Company, and to GD Multimedia, LLC,
a California company owned by certain key members of the
Company's management, including Mr. Dong Chung, Chairman of
the Company's board of directors and chief executive officer.
After completion of the share issuance, the GDET management team
became the Company's largest shareholder as a group, with a
combined stake of approximately 60%. The shares issued to
GDET management are subject to a 12-month lock-up period.
Dong Chung, CEO of GDET stated, "It was important for us to keep
our management team intact and motivated for long term
success. We also want our shareholders to know that we are
committed and focused on the growth of our company.”
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, a live stage show and an adaptation of a
successful juvenile book series for digital video and mobile
games.
Information in this document constitute forward-looking
statements or statements which may be deemed or construed to be
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The words "forecast,"
"estimate," "project," "intend," "expect," "should," "believe," and
similar expressions are intended to identify forward-looking
statements. These statements involve, and are subject to known and
unknown risks, uncertainties and other factors which could cause GD
Entertainment & Technology, Inc. actual results, performance
(financial or operating) or achievements to differ from the future
results, performance (financial or operating) or achievements
expressed or implied by such forward-looking statements. The risks,
uncertainties and other factors are more fully discussed in GD
Entertainment & Technology, Inc. filings and Disclosures. All
forward-looking statements attributable to GD Entertainment &
Technology, Inc. herein are expressly qualified in their entirety
by the above-mentioned cautionary statement. GD Entertainment &
Technology, Inc. disclaims any obligation to update forward-looking
statements contained in this estimate, except as may be required by
law.
Company Contact:
Lawrence Bracco
Tel : (818) 338-5723 larrybracco@gdetinc.com