GD ENTERTAINMENT & TECHNOLOGY, INC. (GDET) and WOWIO Announce Stock Swap and Joint Venture; Eyes Korean Market for eBook Cont...

 

 

GD ENTERTAINMENT & TECHNOLOGY, INC. (GDET) and WOWIO Announce Stock Swap and Joint Venture; Eyes Korean Market for eBook Content Distribution and English Language Learning

 

AGOURA, CA -- September 23, 2015 -- InvestorsHub NewsWire -- GD Entertainment & Technology, Inc. (OTC Markets: GDET), today announced that it has signed a definitive Joint Venture Agreement with WOWIO, Inc. (OTC Markets: WWIO) to join forces for the mutual development and exploitation of the WOWIO eBook platform in Korea and other Asian markets. In addition, GDET will seek to distribute WOWIO comic books and graphic novels in Korea in both print and digital form. The WOWIO platform allows for the insertion and tracking of targeted ads directly into the eBook, while providing a methodology for enhancing English language learning for the Korean market. A key part of this joint venture is a preferred stock swap between the two firms, signaling to the markets a deepened and long term commitment to their mutual growth and success.

 

We are excited about our relationship with GDET and believe that the two companies have tremendous synergies, said Brian Altounian, WOWIOs Chairman. We believe that shareholders from both our companies will benefit in the long term from our growing partnership.

 

The Korean market provides not only an untapped and growing market for the unique WOWIO platform, but also a way for WOWIO to distribute its proprietary intellectual properties, explained Dong Chung, CEO of GDET. In addition, our technology partners in Korea will enhance the patented WOWIO system to make it more mobile friendly and provide a way for Koreans to learn English in an engaging manner.

 

Lawrence Bracco, President/COO of GDET stated, The WOWIO platform and content provides us with a way to generate revenues in the first quarter of 2016. We plan on introducing the WOWIO comic/graphic novel library to the Korean market as a way to supplement their English learning in a way thats fun and engaging.

 

This joint venture with GDET, the first in a series of transactions we hope to accomplish in our new business plan, provides us with a very specific pathway to complete our technology platform, generate revenues and improve our balance sheet through the acquisition of GDET stock, said Robert Estareja, WOWIOs CEO, We are very pleased with the GDET team and vision, and look forward to deepening our relationship with them.

 

This joint venture also allows for the global cross-licensing of each others content and technology, and paves the way for the potential of an even broader relationship.

 

About GD Entertainment & Technology, Inc.:

GDET specializes in the development, production and exploitation of media and technologies worldwide. 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. 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. Its acclaimed graphic novel, The Son, is now being distributed in North America and Europe.

 

About WOWIO

 

WOWIO, Inc., (OTCBB: WWIO) is a digital media and technology development company with a patented process and a proprietary mobile ad-delivery platform that will disrupt the eBook distribution landscape by exploiting a previously untapped marketplace: ad-supported eBooks. Wowio has built and acquired a number of digital media technologies, platforms and distribution outlets and is focusing its efforts on opportunities to create and monetize ancillary content product lines beyond eBooks and other forms of digital media. To learn more about WOWIO, please visit our corporate website at http://www.studiowdigital.com.

 

Safe Harbor Statement

 

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 "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, which could cause GDET actual results, performance (financial or operating) or achievements to differ from the future results, performance or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in GDET filings and Disclosures. All forward-looking statements attributable to GDET 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 herein, except as may be required by law.

 

Contact:

Lawrence Bracco

Tel: [phone] [e-mail]