Tickers: PINX:GDAR
Tags: Mining
PALM BEACH GARDENS, FL / TheNewswire / GOLDEN AGE RESOURCES, INC., (OTC PINK: GDAR) Golden Age Resources, one of the leading acquisition and development companies, announced today that recently the Company completed acquisition dated October 9, 2015 with two different media companies.
Mr. Terence Byrne, CEO of Golden Age Resources stated: "By completing the acquisition of Life Media and The Rooms SNC, GDAR has been able to create a long term profitable strategy. With the addition of revenues and assets, the Company will further be able to pursue other media and marketing companies to increase shareholder value."
LIFEMEDIA is an advertising content production agency, which has an exclusive contract with Amazing Life TV Channel to produce, package and distribute all advertising content for the Amazing Life TV Channel. They also produce advertising content, programming and home-shopping network media.
THE ROOMS SNC. di Ammirabile G. e Calo' A.F., called The Rooms Fashion Pro, provides services in the fashion industry, mainly fashion productions, magazine editorials, image consultancy, and marketing campaigns.
LIFEMEDIA and THE ROOMS SNC. had overall revenue in excess of $3.5 million dollars during the previous fiscal year with a combined net earnings of $325,000. The current management projects the overall revenue to increase by over 40% to $5 million per annum in the next year.
The ongoing strategy of the Company is to continue implementing a bold strategy to create shareholder value in their current acquisition endeavors. By pursuing the current Media and Advertising opportunities and relationships in establishing a new direction, the board of directors has confidence in these new acquisitions will continue to develop investor relations and profitability.
About Golden Age Resources, Inc.:
GDAR, organized as a Nevada Company, provides project development; medium and long-term finance solutions and investments into high growth industries that build shareholder value over a long period of time.
Forward Looking Statements: This press release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward looking statements. You should consider these factors in evaluating the statements herein and not rely on such statements. The forward looking statements in this release are made as of the date hereof and Golden Age Resources, Inc. undertakes no obligation to update such statements.
Source: Golden Age Resources, Inc.
7711 N. Military Trail
Palm Beach Gardens, FL 33410
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