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AUSTIN, Texas, Aug. 22, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Golden Developing Solutions, Inc. (OTCMKTS: DVLP) (“DVLP” or the “Company”), an emerging leader in the CBD Products marketplace, issues the following letter to Shareholders from the CEO:
Dear Valued Shareholder,
First off, on behalf of the entire dedicated team here at DVLP, I want to thank our tremendous shareholder base for staying the course and continuing to support our efforts. The past year has been both a privilege and an adventure. But the payoff is finally on the way as we begin to transition from development stage to commercial stage operations.
To help us navigate this transition and maximize our emerging commercial opportunity, we have initiated our marketing and branding process.
We are working with the exceptional team at EHC Branding Agency, who will play an integral role in corporate communication, social media, and branding. EHC will also be intimately involved in both strategy and execution as we launch and position a number of new CBD products.
In addition, EHC has been tasked with the project of revamping our corporate website, which should be live very soon.
In the coming weeks, Entercom Communications Corp. will be assisting the Company as an instrumental force in driving the development of a more comprehensive corporate communications strategy as well as the launch of our Digital Media.
Next, I would like to shift gears and cover our strategic relationship with Pura Vida Vitamins, LLC (“Pura Vida”). The original agreement granted Pura Vida a vast issuance of DVLP shares and presented a high level of dilution risk for our own shareholders.
After going back to the table, we have come to new terms in a much more effective manner for both parties, recasting the deal as a formal Joint Venture Agreement with worldwide distribution scope, wherein Pura Vida will become a go-to-market entity, with operations primarily encompassing sales, marketing, and distribution of Pura Vida Vitamins branded products. These new terms open up a wider path of growth and success for the Company.
We have already formed an advisory board tasked with oversight of operations of the Joint Venture unit. This structure will allow us to focus heavily on driving sales through a wide range of new tools, including digital marketing and the aggressive launch of our social media marketing program.
Finally, as noted above, the Company is working through a defining period of transition in 2018. The first half of the year was a period of development. The second half of the year will be a period of manifest commercial operations and initial revenue growth.
To help guide us through this critical transition and the establishment of new operational dimensions, we will be adding new talent and experience to our Board of Directors over the next several weeks, with details to follow in subsequent communications.
In closing, allow me to circle back around to where I opened this letter. To all of our committed shareholders: Very exciting times lie ahead, and we couldn’t have made it here without you!
About Golden Developing Solutions, Inc.
Golden Developing Solutions (DVLP) is developing an online retail business for cannabidiol (CBD), hemp oil and health/wellness-related products. Through the website of its joint venture, Pura Vida Vitamins (www.PuraVidaVitamins.com), as well as through wholesale and distribution channels, the company offers a broad range of high-quality, price-competitive products, including traditional vitamins, supplements, and CBD-based tinctures, vapes and soft gels, among other products. Merchandise also includes hemp and CBD-related products and additional products focusing on health and lifestyle.
Golden Developing Solutions is a development-stage company providing business services and/or products supporting the cannabis industry, in which company intends to make acquisitions in the near future. Currently, 29 states and the District of Columbia have passed laws permitting their citizens to use cannabis for medical and/or recreational purposes. Cannabis has shown encouraging signs as a treatment for various medical conditions and has become increasingly more acceptable to the public and society.
This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Investors are encouraged to review the Company’s filings with the Securities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company’s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The contents of any website referenced herein are not incorporated into this press release.