GD ENTERTAINMENT & TECHNOLOGY, INC. ANNOUNCES ISSUANCE OF MANAGEMENT COMMON SHARES AGOURA, CA – February 5,

GD ENTERTAINMENT & TECHNOLOGY, INC. ANNOUNCES ISSUANCE OF MANAGEMENT COMMON SHARES

 

AGOURA, CA – February 5, 2015 – InvestorHub NewsWire - GD Entertainment & Technology, Inc. (formerly Donini Inc. (OTC Markets: DNNC), a leading entertainment and technology company today announced that it completed its new share issuance to the management team. 

As a result of the transaction, the Company issued an aggregate of 1,000,000,000 restricted common shares of the Company to key Executives and Officers of the Company, and to GD Multimedia, LLC, a California company owned by certain key members of the Company's management, including Mr. Dong Chung, Chairman of the Company's board of directors and chief executive officer.  After completion of the share issuance, the GDET management team became the Company's largest shareholder as a group, with a combined stake of approximately 60%.  The shares issued to GDET management are subject to a 12-month lock-up period.

 

Dong Chung, CEO of GDET stated, "It was important for us to keep our management team intact and motivated for long term success.  We also want our shareholders to know that we are committed and focused on the growth of our 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

Tel : [phone]   [e-mail]