GD ENTERTAINMENT & TECHNOLOGY, INC. RELEASES CEO UPDATE
LETTER TO SHAREHOLDERS
AGOURA, CA – April 27, 2015 – InvestorsHub NewsWire
-- GD Entertainment & Technology, Inc.
(formerly Donini Inc. (OTC Markets: DNNC),
a leading entertainment and technology company specializing in the
development and production of entertainment properties and
technologies worldwide, today released a letter to its
shareholders from its CEO, Dong H. Chung.
Dear Fellow Shareholders:
I am pleased to provide you with our company update and
communicate our vision for the remainder of the calendar year and
beyond. It has been about 5 months since we took over control of
the company formerly known as Donini, Inc. and while much has been
accomplished, there is still much work to do. Since our
merger, we have focused on reducing our aged corporate debt, from
nearly $1.3 million to less than $800,000, and we anticipate
further reductions through favorable cancellation agreements with
our debtholders as opposed to further sales of our debt to third
parties.
We have announced our plans to become fully reporting and
aligned ourselves with an award-winning legal team for our
regulatory filings and guidance. This coming week, we should begin
to see the results of their efforts, including the processing of
our name and symbol change with FINRA. We are in active
discussions with several groups regarding our longer term corporate
and project financing requirements, and look to have definitive
funding agreements in place within the next 90 days.
On the project side, we now have two of our intellectual
properties, The Son and StoneAge Santa in active distribution, and
expect revenues to begin being generated in the 3rd Qtr of this
year. We have begun initial development on our live stage
show, Cirque du Asie, and this week executed our engagement
agreement with Stefan Haves, our director. We have secured
co-production commitments for our animated feature film, Blue
Elephant 3 and are in preliminary discussions with several
international distributors. We have also signed a joint
venture agreement with the developer of Artificial Intelligence
software platform that will allow us to develop and market a unique
English language learning program for the $8 -10 billion annual
Korean ESL market.
We are excited about our future prospects, both in the U.S. and
Asia. We will continue to keep you updated with regular news
releases, and plan to institute additional communication channels
in the coming months. Thank you for your continue support.
.
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