Golden Developing Solutions Inc (OTC-DVLP) Announces Execution of Definitive Agreements for 2nd Set of Acquisitions

Rhea-AI Summary

Golden Developing Solutions Inc. (OTC Pink:DVLP) has announced its second set of acquisitions in the specialty pharmacy sector, with expected annual revenues of $60-65 million. The deal is set to close on November 4th, aiming to enhance the company's growth trajectory in the health and wellness industry. The acquisitions are described as profitable, scalable, and positioned for high revenue generation with low overhead costs. CEO Stavros Triant expressed optimism about completing the company’s roadmap for 2022.

Positive

• Projected annual revenues of $60-65 million from new acquisitions.
• Acquisitions are profitable and scalable across the USA.
• Low overhead costs with predictable high revenue.
• Potential for growth due to increasing customer demand.

Negative

• None.

FORT LAUDERDALE, FL / ACCESSWIRE / October 11, 2022 / Golden Developing Solutions Inc. (OTC Pink:DVLP), is an emerging fully reporting company in the Health, Wellness, Pharmacy and Medical Industry.

In addition to our press release yesterday, today we filed an 8-K in relation to the execution of documents on our second set of acquisitions in the specialty pharmacy industry. Revenues are projected at $60-65 million per year from this second transaction. The closing is scheduled for November 4th.

"We are excited to close this transaction and are prepared to complete our roadmap for 2022 as we move into the fourth quarter", says Stavros Triant, Golden Developing Solutions, Inc CEO.

Some key industry highlights include:

• Profitable
• Poised to Grow
• Easily Scalable throughout entire USA
• Predictable and high Revenue
• With the exception of COGs; very low overhead
• Easily Expandable into other industries and to serviceOther Medical Providers and/or Physical Therapists
• Huge Upside Potential for Expanding
• Customer Base and Need is only Growing due to Growing Demands

The pipeline of deal flow is rich. Stay tuned.

About Golden Developing Solutions, Inc.

Golden Developing Solutions is a development-stage company providing business services and/or products supporting the Health, Wellness, and Technology industry, in which the company intends to make acquisitions in the near future. Currently operating in launch phase of our 50 state telemedicine network and negotiating several acquisition/merger targets.

Forward-Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Investors are encouraged to review the Company's filings with the Securities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The contents of any website referenced herein are not incorporated into this press release.

We encourage shareholders to follow our twitter account @OTC_DVLP

Respectfully,
Stavros Triant
stavros@goldendeveloping.com

SOURCE: Golden Developing Solutions, Inc

View source version on accesswire.com:
https://www.accesswire.com/719908/Golden-Developing-Solutions-Inc-OTC-DVLP-Announces-Execution-of-Definitive-Agreements-for-2nd-Set-of-Acquisitions

FAQ

What are the key details of Golden Developing Solutions' second acquisition?

Golden Developing Solutions' second acquisition is projected to generate annual revenues of $60-65 million and is set to close on November 4th.

What is the expected impact of the acquisition on DVLP's revenue?

The acquisition is expected to significantly boost DVLP's revenue, with projections indicating annual earnings of $60-65 million.

How does Golden Developing Solutions plan to scale its business?

The company aims to scale its business by leveraging profitable acquisitions that are easily expandable throughout the entire USA.

When is the closing date for the acquisition?

The acquisition is scheduled to close on November 4th.