Golden Developing Solutions Inc (OTC:DVLP) Announces Execution of LOI With $106mil/Yr Revenue Acquisition

Rhea-AI Summary

Golden Developing Solutions Inc. (OTC Pink: DVLP) has executed a Letter of Intent (LOI) for its next acquisition, which will significantly enhance its operational scale by more than doubling its size. This strategic move is expected to integrate an important logistical revenue-producing asset into the company, further positioning DVLP in the Health and Wellness sector. CEO Stavros Triant expressed optimism about the ongoing journey and growth potential.

Positive

• Acquisition expected to double company size.
• Integration of a significant logistical revenue-producing asset.

Negative

• None.

FORT LAUDERDALE, FL / ACCESSWIRE / November 8, 2022 / Golden Developing Solutions Inc. (OTC Pink:DVLP), is an emerging fully reporting company in the Health and Wellness marketplace.

"Today we announced are next acquisition target LOI has been executed by all parties. Bringing this company into our family will more than double our size, and place us with an important logistical revenue producing asset. The journey is exciting and continues at full speed.", says Stavros Triant, DVLP ceo.

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.

Corporate Contact:

We encourage our shareholders to follow our Twitter account @OTC_DVLP
Stavros Triant
stavros@goldendeveloping.com

SOURCE: Golden Developing Solutions, Inc

View source version on accesswire.com:
https://www.accesswire.com/724534/Golden-Developing-Solutions-Inc-OTCDVLP-Announces-Execution-of-LOI-With-106milYr-Revenue-Acquisition

FAQ

What is the significance of the recent LOI executed by DVLP?

The LOI marks a strategic acquisition that is expected to double the company's size and add a logistical revenue-producing asset.

How will the acquisition impact DVLP's revenue?

The acquisition is anticipated to significantly boost DVLP's revenue through the new logistical asset.

What is the expected timeline for the acquisition process of DVLP?

While the exact timeline isn't specified, the company indicates that the process is ongoing and proceeding at full speed.

Who is the CEO of Golden Developing Solutions?

The CEO of Golden Developing Solutions is Stavros Triant.