New York, NY (PRWEB) September 19, 2012
Following-up on the informational letter of August 26, 2012, management has reached agreement with the telecom company that has an MVNO license contract and is awaiting a response to its application for a second license. Their success or failure to get the second license will dictate the final, terms of the deal, but DNDT anticipates the signing of a Letter of Intent very soon. There are also other telecom and, management believes, exciting start-up technology projects under active consideration. Shareholder updates will be made as discussions progress. Management is still in discussions with the Euro mobile payments company, but it is not yet possible to project the final outcome. DNDT has also had discussions with a South American mobile payments company, but will consider opening an acquisition/investment discussion with it only if the European discussions do not progress rapidly enough.
Management has engaged a consultant, Modesto Delapaz, to assist with the analysis and facilitation of foreign investment targets. Mr. Delapaz has an MBA from Columbia University with a concentration in international acquisitions. Management is considering the possibility of attracting him as a full-time employee.
DNDT’s wholly-owned, manufacturing subsidiary, http://www.bestbalms.com, has reached agreement on the appointment of a very prominent Puerto Rican with extensive government and retail experience to be its manufacturer’s representative in Puerto Rico. He will be introducing the Best Balms product line to the wholesale and retail community, and coordinating sales there. Agreement has also been reached for similar appoints in Brazil, the Dominican Republic, France and the United Kingdom. Individual announcements will be made in the coming weeks.
Management is currently reviewing proposals from investor relations firms with a view to signing an agreement shortly. And for those who are wondering, yes, DNDT will be updating Nevada in a week or two to reflect the 800 million authorized shares. Management was delayed by a desire to update the Articles of Incorporation at the same time.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance.
Jonathan Peters: Board Chairman