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DONINI, INC. (DNNC.OTC) Agrees to Merge with GD Entertainment & Technology, Inc., a Premier Family Entertainment Company
DONINI, INC. (DNNC.OTC) Agrees to Merge with GD Entertainment & Technology, Inc., a Premier Family Entertainment Company.
About this update from Gd Entertainment & Technology, Inc.
[{"type":"text","content":"DONINI, INC. \n(DNNC.OTC) Agrees to Merge with GD Entertainment & Technology, Inc.,\na Premier Family Entertainment Company. \n\nMontreal, Quebec, Canada (November\n4, 2014) - Donini, Inc., (DNNC.OTC) a New Jersey corporation announces the\nsigning of a \"Definitive Agreement and Plan of Merger\" with Southern\nCalifornia-based GD Entertainment & Technology, Inc. Management plans for the completion date of\nthe merger to be on or before November 10, 2014. All parties involved are\nmoving expeditiously to accomplish this transaction.\n\nMr. Peter Deros, Donini Inc.'s\nCEO, states, \"GD Entertainment & Technology is a company who has\nvision and leadership, as well as, tremendous growth potential”. Mr. Deros went on to further state, “I am\nvery happy to be working with GDET during this transition period and share\ntheir enthusiasm and value for their vision in family entertainment and\ntechnology.\"\n\n As part of this merger, GD Entertainment &\nTechnology, Inc., a Nevada corporation is being formed and into which Golden Dog\nProductions, LLC of Westlake Village, CA will place all of its assets and\nliabilities. This new corporation will\nthen merge into Donini, Inc. and will become the operating company of the\npublic enterprise. Once the merger is\ncomplete, the new Board of Directors will consist of the members of the GDET management\nteam and the current Donini Board members will resign. \n\nDong H. Chung, founder and CEO\nof Golden Dog, states, \"This merger is fully aligned with our capital and\ngrowth strategy. We have been looking at\nthe public markets for some time to find the right fit for our needs. We are\nvery excited about our future opportunities with the momentum provided by this\ntransaction and the potential strength of our ongoing operations.\"\n\nDonini,\nInc., a New Jersey Corporation, was established in 2001 when the company\nacquired control, by way of a reverse merger, of Pizza Donini, a Canadian\ncompany that has been operating and licensing Italian style restaurants\nspecializing in pizza and related products within the Greater Montreal Area in\nthe province of Quebec for over 20 years. \nDetails about the merger will be forthcoming.\n\nGolden\nDog Productions, was formed in 2004. The Company\nsp...