GFDV General Finance and Development Inc (GM)

General
Finance and Development, Inc. (GFD) announced today 1st quarter results for 2013.

The
highlights are summarized below. However, we urge investors to read our 2012 Annual
and Quarterly Reports posted at www.genfd.com and www.otcmarkets.com. The
limited information that follows in this press release is not adequate for
making an informed investment judgment.

• 
  
• The company realized a net loss of $39,905 for
  the period compared to a net loss of $48,123 for the same period in 2012.
• 
  
• Revenue for the period was $336,196 for the
  period compared to revenue of $346,970 for the same period in 2012.
• 
  
• Assets were $1,196,719 as compared to $1,264,301
  at 2012 year end.
• 
  
• Current liabilities were $72,973 compared to
  $99,289 at 2012 year end.
• 
  
• Current assets exceeded current liabilities by a multiple
  of 10.8 to 1.
• 
  
• There were no long term liabilities.  
• 
  

In
order to execute the growth strategy for General Finance and Development,
additional capital will be needed. An agreement with Aurora Capital Management,
LLC to contribute up to 750,000 shares of GFD to the company’s investment fund,
(GFD Investments, LLC) has been extended through April 2014. The shares are
being transferred to GFD Investments as they are converted to working capital.
The last sale share price is $2.00, however the trading volume has been light
and it is unknown if or when the total number of shares will be sold.

Sales
orders for GFD’s main operating subsidiary Corporate Art Force are up 17% as of
week ending May 10, 2013. The number of pieces of artwork that has been
distributed since inception in September of 2009 has now surpassed 20,000 and two
high profile projects were recently completed including the Radisson Blu Hotel
at the Mall of America in Bloomington Minnesota and the Bill and Hillary
Clinton International Airport in Little Rock Arkansas.

The
company also recently announced plans for the development of a Creative Business
Center to be located in Minneapolis Minnesota. Corporate Art Force will be
located there along with other creative business ventures. The timeline for
completion is 12 – 24 months.   

Corporate
Art Force provides turnkey art procurement services to corporate clients
nationwide. The company specializes in brand alignment, helping corporations
large and small select the wall decor and artwork that perfectly aligns with
the key messages to targeted audiences. CAF's art fulfillment capabilities
provide the standardized logistical process needed to select, procure, frame,
ship and install artwork worldwide. CAF uses its position as a national leader
to deliver cost efficiencies on all of the above with the best pricing by
leveraging our expertise of best practices, volume buying, and economies of
scale in production.

General Finance and Development,
Inc. provides capital and business development services to small and mid size
companies. Capital is provided to qualified companies by equity and/or
strategic loan agreements. Business development services include business
planning, organization and management development. GFD also pursues
merger/acquisitions and joint venture projects.

The foregoing
material may contain forward-looking statements. We caution that such
statements may be subject to uncertainties and that actual results could differ
materially from the fore-going statements. Readers accordingly should not place
undue reliance on these forward-looking statements which do not reflect
anticipated or unanticipated events or circumstances occurring after the date
of these forward-looking statements. More information regarding General Finance
and Development including financial statements and reports is available at the
company’s website www.genfd.com and www.otcmarkets.com.

General Finance and Deve... (GM) (USOTC:GFDV)
Historical Stock Chart
From Nov 2024 to Dec 2024

General Finance and Deve... (GM) (USOTC:GFDV)
Historical Stock Chart
From Dec 2023 to Dec 2024