DND Technologies Chairman Updates Shareholders on Company planned Investment and Marketing Activities
Sep 19, 2012
OTC Disclosure News Service
New York, NY –
DND Technologies, www.dndtechnologies.com, a diversified holding company that acquires, invests in, and partners with next generation start-ups and established businesses to bring new or improved products to market, is negotiating new investments and appointments.
New York, NY (PRWEB) September 19, 2012 — Following-up on the informational letterof August 26, 2012, management has reached agreement with the telecom companythat 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 dictatethe 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 indiscussions with the Euro mobile payments company, but it is not yet possible to project the final outcome. DNDT has also had discussions with a SouthAmerican mobile payments company, but will consider opening an acquisition/investmentdiscussion with it only if the European discussions do not progress rapidly enough.
Management has engaged a consultant, ModestoDelapaz, 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, 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 UnitedKingdom. Individual announcements will be made in the coming weeks.
Management is currently reviewing proposals frominvestor relations firms with a view to signing an agreement shortly. And forthose 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 containforward-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 expressionsidentify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed orimplied 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 arenot 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
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