Update to Shareholders from Golden Global Corp: Management Change and Restructuring
COLUMBIA STATION, OH (PRWEB) March 04, 2016 -- In Golden Global Corp's continued directive to build transparency, trust, and value within our company, Golden Global Corporation (OTC PINK: GLDG), along with its wholly owned subsidiary Combo Hitter, LLC., would like to update our shareholders on recent management changes, restructurings, and general company happenings.
Accordingly, Golden Global Corporation has recently concluded an internal audit. From such, the company is moving forward with all necessary changes to ensure the company's continued growth. The Company is committed to bringing value to our shareholders. Golden Global Corp. expects to be up to date on all filings shortly making us compliant with all the regulatory agencies.
Furthermore, on March 1, 2016, Mr. Erik Blum agreed to join the management and board at Golden Global Corp by accepting the position of CEO. In addition to his responsibilities at CEO, he will also be acting in the capacity of CFO until the position is filled. Mike Starkweather will be remaining with the company and assuming the position of President and COO.
Moreover, in our company’s continued efforts to optimize our potential, to be self-evaluative, and adaptive, the company has with careful consideration departed with Brad Kohler as director of its fully owned subsidiary Combo Hitter LLC. Brad was an extremely valuable asset to the firm and its early vision, and his legacy will be felt. This decision was not made lightly, but after arduous due-diligence, discussion, and work with Brad, Golden Global Corp has decided it is in the best interest of the company and its mission to move forward independently. Golden Global has been in the process of readying this transition for ample time, and the company believes the transition will be smooth, and will allow Combo Hitter to grow to unprecedented success.
Quoting the CEO
The management at Golden Global Corp believes in asking Mr. Blum to assume this position it shows our commitment to our shareholders. Mr. Blum, aside from his success in management, has managed multiple aspects in corporate finance including operations, compliance, syndicate offerings, brokerage and trading at numerous Wall Street firms. His experience in analyzing and creating syndicate offerings, including IPO’s, PIPE’S, Private Placements, and Reverse Convertible Bonds will be extremely valuable in growing the ComboHitter LLC subsidiary. Our company is very excited to be bringing someone with his experience to Golden Global Corp at a time of major inflection.
In the words of Mr. Blum:
“We are in the process of getting Golden Global Corp back on solid financial footing to help grow our ComboHitter LLC division as fast as possible. We believe in the market for ComboHitter LLC and want the best foundation possible for it to grow from.
Our plan is it integrate a platform of fitness based companies to address Global Fitness needs. ComboHitter LLC is a very important part of our platform. With that in mind the board felt that it was in the best interests of the shareholders to remove the current management from the 100% wholly owned subsidiary ComboHitter LLC. We wish Brad nothing but success in his future ventures. We are moving very quickly and I believe we can expect to be fully compliant with the necessary regulatory agencies within very short order.
I anticipate a much more fluid and transparent market for the company moving forward. At this time, all necessary agents of the company have been paid and are in the process of having all the past due filings finished and submitted. I am committed to Golden Global Corp and to getting the ComboHitter LLC subsidiary division going.”
In addition to our company’s other augmentation towards future success, we have changed our transfer agent to V Stock Transfer Corporation. Golden Global is also in the process of changing our company name and ticker symbol.
We are happy to say that all of these progressive amendments to the firm will be done with the keen oversight of Blackbridge Capital LLC, which committed $5 million to accelerate the company’s growth last fall. The New York based hedge fund will be working with the company to refine its operation, investor relations, and generally guide the company through this transition.
Once current in the companies SEC filings, Golden Global Corp will look forward to sharing the companies progress with Combo Hitter, LLC on a live update call, Golden Global managment will update shareholders and investors and appraise them of all the new developments.The Company would like to thank our shareholders for their continued support.
Safe Harbor Provision Cautionary statement for purposes of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995: Information in this news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the execution and performance of contracts by the Company and its customers, suppliers and partners. Please also review Golden Global's Forms 10-K and 10-Q for a more complete discussion of risk factors. The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.
Golden Global Corp.
Columbia Station, OH
Michael J. Starkweather
Phone: 440-305-7487
Email: president(at)goldenglobalcorp(dot)com
http://www.goldenglobalcorp.com/
Erik Blum, Golden Global, +1 561-699-9790, [email protected]
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