SOURCE: Focus Gold Corp.

December 19, 2013 12:30 ET

Focus Gold Announces New Business Roll-Up

MERRITT ISLAND, FL--(Marketwired - Dec 19, 2013) - Focus Gold Corp. (OTCQB: FGLD) today announced that it has begun to implement its planned roll-up of accounts receivable management companies and has formed two wholly-owned subsidiaries, Focus Gold Financial Corp., which will focus on the retail collections market, and Focus Gold Commercial Resolution, which will focus on the commercial recovery market. According to Michael Gelmon, new CEO of FGLD: "The receivables management market segment is a fast growing market segment with a projected 23% rate of growth through 2016, according to the Bureau of Labor Statistics. The industry averages about 20 percent recovery on delinquent debt, and, on a nationwide basis, businesses placed more than $150 billion in debt value for collection in 2010, with about $40 billion actually collected. There are very few publicly-traded collection companies, and we see the opportunity to roll-up both commercial and consumer collection agencies, which are largely fragmented and ripe for a roll-up strategy."


Certain statements contained herein and subsequent oral statements made by and on behalf of Focus Gold Corp. may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements are identified by words such as "intends", "anticipates", "believes", "expects", and "hopes" and includes, without limitation, statements regarding Focus Gold Corp.'s plan of business operations, product research and development activities, anticipated revenues and expenses and potential contractual arrangements and obligations. Also, our management may make forward-looking statements orally to investors, analysts, the media and others. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. These risks and others are included from time to time in documents we file with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on our future results. Accordingly, you should not place undue reliance on these forward-looking statements. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The Company undertakes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the Company. The Company's SEC filings are available at

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