First Acquisition Agreement Signed
03 October 2013 - 11:09PM
OTC Markets
Small
Business
Development Group, Inc. (OTC: SBDG)
First
Acquisition
Agreement Signed
October 3, 2013
Chief
Executive Officer, Roy Salisbury said today, ?We are pleased
to announce
that we have finished negotiations by signing an agreement for our
first
acquisition. This is a
30-year-old
company that meets all our requirements of a company with strong
business
fundamentals. As
stated in our
strategic plan, adding to the company?s portfolio is an important
aspect of our
overall approach of ?Engineering a Public Company?. This step is to
focus on
the company?s income statement by increasing sales through
acquisitions, providing
financial services, and assisting other companies wanting to
replicate our
process.?
?This
company is on pace to surpass $15 million
in 2013 revenues achieving a four-year revenue CAGR of 15% with a
corresponding
net income CAGR of 48%. Moreover, it
is positioned to serve as an acquisition platform within its
consolidating
industry niche.? The
company is a distributor
of consumable industrial supplies under license agreements with
several Fortune
100 companies whose relationships have been in place for many
years.
Small
Business Development Group, Inc. is a
holding company acquiring companies for its own portfolio, and is a
strategic
business solutions firm providing services to companies requiring
cutting-edge
financial advice in the area of corporate growth and exit
strategies.
30
Forward-Looking
Statements:
This press
release contains statements, which may constitute
"forward-looking
statements" within the meaning of the Securities Act of 1933 and
the
Securities Exchange Act of 1934, as amended by the Private
Securities
Litigation Reform Act of 1995. Those statements include statements
regarding
the intent, belief or current expectations of Small Business
Development Group,
Inc. and members of its management as well as the assumptions on
which such
statements are based. Prospective investors are cautioned that any
such
forward-looking statements are not guarantees of future performance
and involve
risks and uncertainties, and that actual results may differ
materially from
those contemplated by such forward-looking statements. The Company
undertakes
no obligation to update or revise forward-looking statements to
reflect changed
assumptions the occurrence of unanticipated events or changes to
future
operating results.
SOURCE: Small Business
Development Group, Inc.
Roy Salisbury
Chief Executive Officer
207-657-8180
roy@rysalisbury.com
www.sbdgp.com
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