SOURCE: Golden Valley Development, Inc.

January 07, 2015 10:00 ET

Golden Valley Development (GVDI) Announces 3rd Quarter Results

FORT HARRISSON, FL--(Marketwired - Jan 7, 2015) - Golden Valley Development, Inc., (OTC PINK: GVDI) (the "Company") a developer and marketer of patented and patentable technologies is pleased to announce the release of its record third quarter financials for the period ending September 30th, 2014.

The Company reported record revenues of $6,520,305 for the period from June 30, 2014 to September 30, 2014, exhibiting rapid growth and potential. This represents a revenue increase of 326% from the previous fiscal quarter. Furthermore, operating expenses increased during the same period by $360,989, from $140,149 during Q2 2014 to $501,138 in Q3 2014, signaling the Company's rapid advancement with its targeted growth trajectory.

The Company also reported assets of $17,705,793 at the end of the third quarter of 2014, an increase of $12,080,491, which represents a 215% increase as compared with Q2 2014.

"The latest quarterly results give us reason to be highly enthusiastic about the Company's future. We managed to achieve and surpass our financial growth targets. We have also witnessed a strong expansion in the scope of our business operations during this record-breaking quarter. Despite continuing challenges, we have managed to deliver strong performance, maintaining a solid balance sheet and operational growth. We will remain steadfast in our commitment to sustain this momentum over the coming quarters," stated GVDI CEO Kevin Sorrels.

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Safe Harbor Statement: Certain statements and information included in this release may constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's OTC Markets disclosures and filings ( The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.

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