First Acquisition Agreement Signed

 

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.

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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.

Roy Salisbury

Chief Executive Officer

207-657-8180

[e-mail]

www.sbdgp.com