Winter Park, FL (PRWEB) May 23, 2012
Guard Dog Inc. (Pink Sheets: GRDO) has completed agreements to change its business model, executive management, controlling interest, liabilities and share structure. Initial requirements needed to begin the Company’s new business model announced on April 30, 2012 have been completed.
Agreements have been executed to rescind the merger of Guard Dog Inc. and 15 Seconds of Fame Inc., which took place in June of 2011. This rescission allowed Guard Dog Inc. to reduce its Common A Stock previously reported as not issued but outstanding from 5,600,000,000 to less then 2,000,000,000 while positioning the company for its new business model. The exiting management has completed the 2011 Annual Report and the 2012 first quarter Report required for the Company to return to current status with OTC Markets.
CEO and President, John Bonaccorso, Director Pete Kirsch and CFO David Rosenfeld have resigned from their positions with Guard Dog, effective immediately as a result of the company restructuring. John Bonaccorso has transferred the controlling interest to the Company’s new Chief Executive Officer, President, Secretary and Director, Shawn Carey. Mr. Bonaccorso stated, "I look forward to watching the growth of Guard Dog's new business model under Mr. Carey's supervision. I wish the new ownership and investors great success in their endeavors."
Shawn Carey has proved himself as a successful entrepreneur in the private market. Mr. Carey has extensive management experience ranging from upscale dining and entertainment to being the founder and CEO of a private day-labor corporation that he built to produce millions in gross revenue before selling it.
The Company is implementing internal changes and entering into agreements, and anticipates that progress will be announced mid-June.
About Guard Dog Inc.
Guard Dog Inc. is a publicly traded company, which trades under the ticker symbol GRDO.
Cautionary Note Regarding Forward Looking Statements
This press release contains statements that are “forward-looking,” and involve a number of risks and uncertainties. Statements that are not historical facts are considered forward-looking statements. Company results and performance may be materially different from future results, strategies, plans or goals expressed or implied by any forward looking statements made herein. The Company disclaims any obligation to update or revise any forward-looking statements.