SOURCE: GoldLand Holdings Company

GoldLand Holdings Company

June 22, 2015 10:30 ET

GoldLand Holdings Company (GHDC) Terminated an Agreement Signed by the Previous Management

TORONTO, ON--(Marketwired - Jun 22, 2015) - GoldLand Holdings Company (OTC PINK: GHDC) announces that a gaming agreement signed by the Company's previous management has been terminated.

CEO Mr. Paul Parliament stated, "Effective immediately, GoldLand Holdings Company has taken steps to terminate the deal signed by previous management concerning casino equipment located in Colombia. Upon review of the structure of this contract, we found it not be in the best interest of the Company with our new model to further attempt to keep this contract whole."

Mr. Parliament went on to say, "We had a small window of opportunity to close the door on this deal allowing the company to regain a large amount of stock and also result in the cancellation of expensive consulting contracts. Although there were many reasons surrounding the termination of this agreement; it simply made good business sense."

Overall the termination of this agreement effectuates the receipt of a large batch of stock being returned to the Company for cancellation. All parties involved have acknowledged the termination and are satisfied that this is in the best interest of all parties. US SEC filings are to be forthcoming regarding this termination.

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 Company:

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