SOURCE: Golden Global Corp

November 02, 2015 09:00 ET

Golden Global Corp. (GLDG) Completes Acquisition of Corpaycar, LLC Maker of Revolutionary Fitness Product, The Combo Hitter

HOUSTON, TX--(Marketwired - Nov 2, 2015) - Golden Global Corp. (OTC PINK: GLDG) is proud to announce that it has finalized the acquisition to acquire 100% of MMA fighter Brad Kohler's company, Corpaycar, LLC, the maker and manufacturer of the innovative fitness product, the Combo Hitter. The Combo Hitter, a unique and innovative hybrid of multiple punching bag technologies, provides athletes with an easy way to target all aspects of their fight-training regimen with an all-in-one training system. Kohler, a retired UFC and MMA champion brings decades of skill and experience from his fighting career to the Combo Hitter engineering and has a genuine aspiration for all who use the technology to become more efficient in their training regimens. "I am thrilled to pass the torch off to Mr. Starkweather and Mr. Lee as I believe they have the tools necessary to take my ingenuity from conception to inception," said Kohler. 

As part of the acquisition, Michael J. Starkweather, who currently holds the position of Combo Hitter's Chief Operating Officer, has been elected to Golden Global's board of directors and has been appointed as the Company's Chief Operating Officer.

Mr. Starkweather was quoted: "The Combo Hitter is a dynamic fitness product that offers a fresh fun twist to fitness and mixed martial arts training. I'm excited to lead the charge and deliver the Combo Hitter to fitness enthusiast to athletes worldwide."

With the completion of this acquisition, Golden Global feels confident that in early 2016, it will report it's first quarter of revenue since going public. Combo Hitter has been filling online customer orders throughout 2015 and is currently pursuing government and fitness center contracts to enhance its bottom line. The Combo Hitter is an American Made product, and the management team intends to keep it that way. The full line of products is currently produced and manufactured in Cleveland, Ohio, and as the company grows, management will keep the integrity of the brand and continue to add jobs and value to it's local economy.

"I was very impressed with the Combo Hitter product when I first saw the YouTube video (https://www.youtube.com/watch?v=IBtoc07CcEo) demonstrating its amazing capabilities," added Robert Leyne Lee, CEO of Golden Global Corp. "I knew right away that this was an extremely innovative product and that Brad Kohler's expertise in creating the Combo Hitter would help athletes and fighters across the globe in perfecting their performance. We are also very excited to welcome Michael Starkweather to be a part of our Board of Directors and as our newly appointed COO," further comments Mr. Lee.

The acquisition was completed shortly after receiving a $5,000,000 financing commitment from New York based hedge fund, Blackbridge Capital, LLC. The company will use these funds to increase marketing, expand manufacturing, and add like-minded industry experts with the intention of creating additional revolutionary fitness products.

Safe Harbor Provision

Cautionary statement for purposes of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995: Information in this news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the execution and performance of contracts by the Company and its customers, suppliers and partners. Please also review Golden Global's Forms 10-K and 10-Q for a more complete discussion of risk factors. The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.

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