SOURCE: GoldLand Holdings Company

GoldLand Holdings Company

June 18, 2015 10:15 ET

GoldLand Holdings Company Announce "Letter of Intent" on Purchasing a Gaming Machine Business

TORONTO, ON--(Marketwired - Jun 18, 2015) -  GoldLand Holdings Company (OTC PINK: GHDC) announces that it has entered into an LOI - "Letter of Intent" to purchase a well-established casino gaming business in Nicaragua. Centro de Entretenimiento y Diversion Mombacho S.A., a diversified 12-year-old business, has its base of operations located in the city of Managua, Nicaragua.

CEO Paul Parliament states, "GHDC's management team is very excited to begin the next stage of our due diligence process in order to complete this opportunity to add this business to our list of intended future acquisitions."

Mr. Parliament is spearheading this initiative and will personally inspect and assess the entire company and all its locations beginning early July.

Further, Mr. Parliament, says, "This is an excellent foundational opportunity for the GoldLand Holdings Company. Nicaragua is a very favorable country, politically stable and inviting to foreign investment."

Centro de Entretenimiento y Diversion Mombacho S.A. has an established operation of 735 gaming video slot and poker machines, with a national license permit valid until the year 2033. There are large expansion opportunities with the availability of additional equipment from the current operation. 

The foundation of the deal will only enhance the Company's position long-term. Full details of the purchase agreement will be made available upon entering into a viable purchase agreement upon completing necessary due diligence.

For further information about this release, contact Kara Craig, Investor Relations, YES INTERNATIONAL, 757-306-6090 and/or email yes@yesinternational.com; www.goldlandholdingscompany.com.

About Goldland Holdings Co:

Goldland Holdings Company (OTC PINK: GHDC) is a diversified Company, holding gold and silver mining properties in North America, as well as gaming equipment leased to an operator in South America. 

SAFE HARBOR:

Goldland Holdings Company, 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 trade, 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:
    Kara Craig
    YES INTERNATIONAL
    Investor Relations
    757-306-6090