Golden Age Resources, Inc. (OTC Pink: GDAR) Enters Final Stages of Operational and Financial Reporting to Achieve Increased Capital and Future Uplisting
Palm Beach Gardens, FL – (NewMediaWire) – February 02, 2016 – Golden Age Resources, a leading acquisition and development company, announced today that it has recently entered final stages of operational and financial reporting to assist in hitting key benchmarks and goals on the path to fully audited financials, greater capital, and ultimately pursuing uplisting with a clean balance sheet.
In achieving these internal benchmarks and reporting requirements, management continues on a firm path towards fully integrating the recent acquisitions of LifeMedia and The Rooms SNC, which will be seen in an increase of profitability and liquidity of the Company. Management projects the overall revenue of the recent acquisition to reach $5 million per annum this year.
Mr. Terence Byrne, CEO of Golden Age Resources said, “In the last few months we were able to make great strides forward in enhancing the Company’s position and shareholder value. We are actively working through a few key business developments and bookkeeping tasks that will give us freedom to move forward and allow us to make more specific announcements in the near future. This path to profitability has included debt buyback, auditing of financials, and complete reviews of all new acquisitions.”
During the interview Mr. Byrne also stated, “The GDAR team is fully committed in continuing its promise to its investors of not doing a Reverse Split. At the end of the day I work for the investors to create a profitable company.”
The management team of the Company is continuing on the path that will provide better communications with its stockholders, regulators, as well as meeting the full requirements to becoming exchange listed. For better communications, the Company has launched a Twitter account at http://twitter.com/gdarinc for increased communications and discussions with its investors. The Board continues to have complete confidence that these new steps will solidify support for The Company.
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.
Golden Age Resources, Inc.
7711 N. Military Trail
Palm Beach Gardens, FL 33410