GD ENTERTAINMENT & TECHNOLOGY, INC. OPENS GDET KOREA OFFICE; ENGAGES KPMG KOREA FOR M & A ACTIVITY

GD ENTERTAINMENT & TECHNOLOGY, INC. OPENS GDET KOREA OFFICE; ENGAGES KPMG KOREA FOR M & A ACTIVITY

 

AGOURA, CA -- March 4, 2016 -- InvestorsHub NewsWire -- GD Entertainment & Technology, Inc.. (OTC Markets: GDETD), today announced that it has formally opened its Korean operations, including its business office in Seoul. The Seoul office will be under the leadership of GDET CEO Dong Chung, who will spend up to 50% of his time there, and day to day operations will be headed up by Mr. Sam Yi Kim, Managing Director for GDET Korea. We are now in a position to actively pursue our strategic objectives in Asia, explained Chung, and establishing a physical presence is the first step. GDET has several projects in development that will either launch first in Korea or will be co-produced in Korea for worldwide distribution which will be announced in the coming weeks.

 

In addition to opening its offices, GDET has engaged the services of KPMG Korea for the purpose of initiating strategic merger and/or acquisition discussions with several firms. GDET Koreas ultimate goal is to be listed on the KOSDAQ stock exchange, aligned with its OTC Markets 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

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