Settlement Agreement Signed

Small BusinessDevelopment Group, Inc. (OTC: SBDG)

SettlementAgreement Signed

 

October 22, 2013

As previously disclosed, on July 22, 2013 the Company received a demand letter from the Levine Consulting Group, LLC (LCG) for 1,900,597,600 share of free-trading stock as part of a reset clause in the agreements of August 24, 2012.

We are pleased to announce that in consideration of the mutual covenants, agreements and other good and valuable considerations provided for herein, the sufficiency of which is hereby acknowledged, the Parties agree as follows:

On October 15, 2013, SBDG delivered to LCG: (1) 38,012 shares of SBDG free-trading common stock in satisfaction of the reset share obligation; (2) the legal opinion letter of SBDG's securities lawyer opining that such shares may be transferred to LCG free of restrictions and free of restrictive legends pursuant to the federal securities laws; and (3)61,988 shares of SBDG common stock bearing a legend evidencing that they have not been registered, in settlement of the monetary claims asserted herein.  With respect to the 61,988 shares of restricted SBDG stock, SBDG promises and covenants to take all measures at its disposal, within the confines of the law, to remove the restricted legend on such shares at the earliest time allowed by law, such actions to include, but not be limited to, providing a legal opinion letter of its counsel that Rule 144 permits the removal of such legends and the free trading of such shares.

Management Discussion

This settlement is the final step in the restructuring of the Company and clears the way for the Company to raise additional capital as part of its Strategic Plan and start the deployment of its new services.

Small Business Development Group, Inc.'s management has been working diligently to restructure the Company and give it a new direction and purpose, including the following activities:

1.    To offer business advisor services for client companies and to our portfolio companies;and,

2.    To acquire companies for our portfolio.

The Company will be launching its SBD Advisory Services in January of 2014, which will include a full menu of services including;

• Engineering of a Public Company;
• Going Public with a Direct Public Offering
• Soft Leverage Buyouts;
• Mergers and Acquisitions;
• Government Relations; and
• Crisis Management.

The Company will be developing these services through a network of independent Business Development Offices in the United States and Canada.

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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.

Investor Relations

207-209-2013 Ext. 3

http://www.sbdgp.com