Year End 2014 Revenue of $9.93 million and Balance Sheet of $6.74 million
FORT LAUDERDALE, FL — (Marketwired) – — Golden Valley Development, Inc. (OTC PINK: GVDI) (the “Company”), a developer and marketer of patented and patentable technologies, is pleased to announce the release of its record breaking annual financials, for the fiscal year 2014.
GVDI’s annual results showed revenue of $9.93 million for the fiscal year 2014, compared to little or no revenues of the previous fiscal year. GVDI’s total asset base was $6.74 million, which represents a 1,456% increase since the same period last year.
“2014 was a groundbreaking year for the Company, which marked the commencement of significant new and expanded business operations, resulting in record revenue generation and asset base growth. Furthermore, the team and myself have spent a considerable amount of time over the past year developing new patentable products and strategic initiatives, which we hope to see come to successful fruition over the coming year,” stated Kevin Sorrels, CEO of GVDI.
The Company’s revenue increases derived largely from the Company’s entry into new business areas, and through acquisitive growth, including in the healthcare, high-tech, and logistics industries.
“The GVDI team has worked undeniably hard over the past year to ensure that both acquisitive growth, along with other revenue generating initiatives, and asset base adjustments, came to successful fruition. We anticipate 2015 will continue with the record setting momentum created over the past year. We will soon make further announcements about the Company’s new services and technology initiatives,” added Kevin Sorrels, CEO of GVDI.
About Golden Valley Development, Inc.
Golden Valley Development, Inc. (“GVDI” or “Company”) is a holding company and developer and marketer of patented and patentable technologies. As a holding company GVDI is focused in technology and financial services, engaging in several business activities, the most significant being as a technology provider to third party logistic providers and as a financial service company for small-to-medium sized businesses (SMEs) worldwide.
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Safe Harbor Statement: Certain statements and information included in this release may constitute “forward-looking statements” as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management’s projections, estimates and expectations is contained in the Company’s OTC Markets disclosures and filings (www.otcmarkets.com). The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.
Golden Valley Development
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Source: Golden Valley Development, Inc.