SOURCE: GoldLand Holdings Co.

GoldLand Holdings Co.

June 24, 2014 09:15 ET

GoldLand Holdings Co. (GHDC) Gaming Acquisition Expansion Continues; Provides New Terms on Reporting of Revenues

BRADENTON, FL--(Marketwired - Jun 24, 2014) - GoldLand Holdings Co. (OTCBB: GHDC) more than doubled its number of machines in the South American gaming market through a third acquisition of casino equipment in Managua, Nicaragua. GoldLand's CEO signed closing documents at the offices of Game Touch, LLC in Toronto, Canada.

This third acquisition not only multiplies GoldLand's commissioned equipment, but also begins GoldLand's penetration of a second country's gaming market.

Furthermore, the Board of Directors has successfully negotiated, with the seller of the equipment, a realignment of the revenues reporting under the terms of the existing lease. Both GHDC and the seller mutually agreed to cancel the existing lease terms. The new terms will now collect and report the entire amounts of revenue and expenses from its gaming machines. Thus, the Company will now report fully on its 100% ownership of each gaming machine. Documents in support of this agreement will be filed shortly, and financial numbers will appear in the 2nd quarterly report for period ending June 30, 2014.

Shareholders will have ample time to make plans to attend the general meeting and discuss, in details the particulars of these acquisitions, and will vote on the Company's expanded and professional directorship.

For further information, contact Rich Kaiser, Investor Relations, 757-306-6090 and/or email: yes@yesinternational.com; www.goldlandholdings.com

GoldLand Holdings, Co. cautions that statements made in this press release and other forward looking statements made on behalf of GHDC may be affected by such other factors including, but not limited to, vagaries of the tourist trade, volatility of mineral prices, market competition, and other risks detailed herein and in the U.S Securities and Exchange Commission filings of the Company.

Contact Information

  • Contact:
    Rich Kaiser
    Investor Relations
    757-306-6090