SOURCE: GoldLand Holdings Co.

GoldLand Holdings Co.

April 28, 2014 09:15 ET

GoldLand Holdings Co. (GHDC) Takes on Expansion With Second Gaming Acquisition

BRADENTON, FL--(Marketwired - Apr 28, 2014) - GoldLand Holdings Co. (OTCBB: GHDC) expands its stable of gaming assets in South America with the signing of its second gaming equipment acquisition to be leased to a casino in Cartagena, Colombia. Closing of the acquisition will occur during the next trip to the area by the executives of GHDC. Buyer and Seller have agreed on the acquisition documents and the subsequent lease of an amount of gaming equipment with the casino owners. A filing with the SEC (Securities and Exchanges Commission) is being prepared by the GHDC's lawyers outlining all of the particulars of this transaction and its reflection on the financial future of the Company. This filing will occur within the next few weeks once all the signatures have been inked.

This second acquisition sets GHDC on a solid path of establishing a presence as a gaming equipment leasing company, with successful local operators. GHDC's Board of Directors will continue to pursue further acquisitions in Central and South America similar in nature to this transaction.

Management will travel shortly to South America to meet with their consultants in the area and interview personnel to carry out the maintenance and day to day operations of this exciting new venture.

Management at this time would like to report to its shareholders that when this second acquisition closes, GHDC's annual revenue should exceed the seven figure mark.

GHDC's annual shareholders meeting will be held this year in Florida, near the corporation's headquarters, so as to minimize travelling costs for all concerned. Shareholders will have ample time to make plans on attending, to examine, in detail, the particulars of this acquisition, and to vote on the Company's renewed and possibly expanded directorship. Meeting date/time to be announced in due time.

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

GoldLand Holdings, Co., cautions that the statements made in this press release and other forward looking statements made on behalf of the Company 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 from time to time in the U.S Securities and Exchange Commission filings of the Company.

Contact Information

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