GD Entertainment And Technology (GDET) CEO Issues Letter to Shareholders

FORT LEE, NJ / ACCESSWIRE / April 12, 2018 / GD Entertainment And Technology (OTC PINK: GDET) ("GDET" or the "Company") CEO issues the following letter to Shareholders:

Dear Valued Shareholder,

New management is in place at GDET. And we have a new, high-growth focus as a premier player in the cryptocurrency mining space.

We believe there is a major opportunity in the current market environment in the business of providing interested entrepreneurs with the tools and knowledge necessary to achieve success as cryptocurrency mining professionals.

The next wave in the cryptocurrency revolution may be gaining traction now following a healthy and much-needed correction in the price of Bitcoin. Even after this sharp corrective shift, the price of Bitcoin is still up nearly 7,000% in less than 5 years. At present and future levels, there is a tremendous amount of money to be made as a cryptocurrency miner.

The Company's principal focus, going forward, will be directed toward becoming the market leading Cryptocurrency mining and colocation facility in the Tri-state area (New York, New Jersey, Connecticut).

Our business model hinges on hosting services through our new e-commerce platform, reselling cryptocurrency machines, and dealing mined tokens and coins into the market at a profit.

According to in-depth analysis from Coherent Market Insights, the global cryptocurrency mining market was valued just shy of $611 million in 2016 and is expected to reach nearly $40 billion by 2025, representing a total increase of 6,450% in total market size. That suggests cryptocurrency mining could be one of the most robust growth markets on the planet for years to come.

With this enormous growth will come a number of key evolutionary adaptations. Most importantly, we believe, will be the realization that colocation is the future. The idea that anyone interested in mining tokens and coins will need to lease a massive, efficiently-cooled crunching warehouse is going to be quickly abandoned. This market can be open to anyone.

And GDET plans to be a market leader in the democratization of cryptocurrency mining.

We like to frame an analogy with WeWork, a shared workspace company that focuses on tech startup communities. Through WeWork, anyone can start a technology company if you have a great idea and the will to succeed through hard work.

Think of GDET as "the WeWork of cryptocurrency mining"; we are going to provide a platform for the cryptocurrency mining community to access high-quality mining equipment and a platform for success. Our mining facility is focused on creating a new benchmark for security, transparency, efficiency, and dedicated client focus.

I would like to conclude with letting the shareholders know that we will be changing the name and trading symbol in the next 30 days to conform with our business plan and the industry overall.

You will hear from us again very soon!

Best Regards,

Anil Idnani, GDET CEO

About GDET

GD Entertainment & Technology, also known as GDET, is a result driven, blockchain-oriented company focused on becoming a premier Cryptocurrency mining facility. GDET will build and manage a Cryptocurrency mining colocation and mining facility that is client-focused and dedicated to creating a new standard in the Blockchain space based on security and transparency. GDET has also developed a strong relationship with suppliers overseas to ensure future purchasing.

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 GD Entertainment & Technology annual and quarterly financials for a 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. This communication shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of these securities in any state in which such solicitation or sale would be unlawful prior to registration or qualification of these securities under the laws of any such state

Contact:

732-851-3756
anil@gdet.co
1 Bridge Plaza
2nd Floor
Fort Lee, NJ 07024

SOURCE: GD Entertainment And Technology