SOURCE: Golden Age Resources

October 11, 2012 09:00 ET

Golden Age Resources, Inc. (GDAR) Enters Into a Letter of Intent to Purchase Griffin Holdings and IT Solutions, Inc.

PALM BEACH GARDENS, FL--(Marketwire - Oct 11, 2012) - Golden Age Resources, Inc. (PINKSHEETS: GDAR) announced today that it has entered into a Letter of Intent to acquire 100% of the issued and outstanding stock of Griffin Holdings and IT Solutions, Inc. Griffin is a cutting edge trending Technology Company with global consulting engagements and diversifying with a planned acquisition program underway.

The acquisition is anticipated to be finalized prior to the end of the Third Quarter and will be retroactively effective to the Year Beginning January 1, 2012. Hence, GDAR's Third Quarter reporting is anticipated to reflect the effects of The Acquisition for the Third Quarter on a consolidated basis.

The Acquisition is the first of many planned acquisitions of GDAR, which is intended to immediately diversify its core business, and tremendously enhance shareholder value.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Contact Information

  • Contact:
    Chrissi Suttman
    Phone: (561) 472-2933