Development Capital Group raised USD $680,900.00 in equity financing.
Miami, FL (PRWEB) January 21, 2014
Development Capital Group, Inc. (OTC: DLPM, “the Company”) is pleased to announce it has raised USD $680,900.00 in equity financing. For the investment, the Company issued 9,462,000 shares of restricted common stock. No commissions or professional fees were paid on this financing.
This stage of financing will allow Development Capital Group to accelerate its investment in innovative product development, acquisitions and will commence marketing initiatives to drive product awareness for revenue growth. Development Capital Group is now able to pursue projects on a larger scale and breadth as well advance existing projects with greater speed. Development Capital Group's vision has been broadened to take advantage of these new opportunities.
Development Capital Group CEO, John Lindsay, stated, “We are very excited to have this early stage financing completed. We have been working on strengthening the company through multiple initiatives and this capital gives us the means to pursue these initiatives more aggressively. I believe our shareholders will be happy with the results of these efforts.”
About Development Capital Group, Inc.
Development Capital Group, Inc. (OTC: DLPM) develops businesses and technologies with significant potential for growth and customer acquisition. The Company analyzes market trends seeking opportunities to develop innovative technologies that capitalize on antiquated or under-serviced sectors. Our first internal application RealtyValuator.com is currently in private beta analyzing real estate auction data in Florida.
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For further information, please contact:
Development Capital Group, Inc.
6815 Biscayne Blvd, Suite 419
Miami, FL 33138
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Safe Harbor Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the Company’s results of operation, financial position and long-term strategies. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, and fraud. More information about factors that potentially could affect the Company's financial results are included in the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-Q or 10-K and subsequent filings.