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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Small Business Development Group Inc (PK) | USOTC:SBDG | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.251 | 0.2277 | 0.508 | 0.00 | 13:16:38 |
Small Business
Development Group, Inc. (OTC: SBDG)
First Acquisition
Agreement Signed
October 3, 2013
Chief
Executive Officer, Roy Salisbury said today, ?We are pleased to announce
that we have finished negotiations by signing an agreement for our first
acquisition. This is a 30-year-old
company that meets all our requirements of a company with strong business
fundamentals. As stated in our
strategic plan, adding to the company?s portfolio is an important aspect of our
overall approach of ?Engineering a Public Company?. This step is to focus on
the company?s income statement by increasing sales through acquisitions, providing
financial services, and assisting other companies wanting to replicate our
process.?
?This company is on pace to surpass $15 million
in 2013 revenues achieving a four-year revenue CAGR of 15% with a corresponding
net income CAGR of 48%. Moreover, it
is positioned to serve as an acquisition platform within its consolidating
industry niche.? The company is a distributor
of consumable industrial supplies under license agreements with several Fortune
100 companies whose relationships have been in place for many years.
Small Business Development Group, Inc. is a
holding company acquiring companies for its own portfolio, and is a strategic
business solutions firm providing services to companies requiring cutting-edge
financial advice in the area of corporate growth and exit strategies.
30
Forward-Looking Statements:
This press
release contains statements, which may constitute "forward-looking
statements" within the meaning of the Securities Act of 1933 and the
Securities Exchange Act of 1934, as amended by the Private Securities
Litigation Reform Act of 1995. Those statements include statements regarding
the intent, belief or current expectations of Small Business Development Group,
Inc. and members of its management as well as the assumptions on which such
statements are based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance and involve
risks and uncertainties, and that actual results may differ materially from
those contemplated by such forward-looking statements. The Company undertakes
no obligation to update or revise forward-looking statements to reflect changed
assumptions the occurrence of unanticipated events or changes to future
operating results.
SOURCE: Small Business
Development Group, Inc.
1 Year Small Business Development (PK) Chart |
1 Month Small Business Development (PK) Chart |
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