SOURCE: Gold River Productions, Inc.

May 09, 2011 09:10 ET

Gold River Productions, Inc. CEO Comments on Recent Market Activity in Response to Investor Questions

SALT LAKE CITY, UT--(Marketwire - May 9, 2011) - John Ohlin, President and Chief Executive Officer of Gold River Productions (PINKSHEETS: GRPS) Inc., comments: "In response to a number of investor inquiries I find it necessary to address some of the market activity affecting our company's stock.

"First of all let me preface this by saying that under normal circumstances I would normally refrain from commenting on overall share price or direction. However, it has come to my attention through a number of potential investors that there is some concern that the company itself has been selling company owned shares in the public market over the last several weeks, in order to raise capital for our ongoing operations. I would like to take this opportunity to inform our current and future shareholders that neither the company nor its insiders have been selling company or privately held shares on the OTC market in recent weeks or months.

"Additionally, I would like to take this opportunity to let the investing public know that although share pricing is important to us that the day to day fluctuations we have been experiencing have no material effect on the ongoing company efforts in regards to any anticipated company projects or our ability to continue to grow the company. We are actively in pursuit of a number of viable avenues which will ultimately result in the company achieving both its short and long term goals as illustrated in our press releases." Anyone with questions can contact me directly at: 801-523-2744.

Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financing and other risks

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