Growth-by-acquisition strategy focuses on companies with sales of more than $1 million
COCONUT CREEK, Fla., May 27, 2020 (GLOBE NEWSWIRE) — Global Consortium, Inc. (OTC: GCGX), a vertically integrated holding company, today announces its intent to acquire a revenue-producing marketing company to assist with the branding and expansion of Global’s Indulge Oils brand (https://indulgeoils.com/).
Today’s announced acquisition target is a Florida-based branding company that generated revenues of more than $1 million in the last two years and has a strong client base that includes Fortune 500 clients.
Global seeks to grow its revenues through strategic acquisitions that can advance the Company toward its goal of being listed on NASDAQ. The Company is looking for businesses that are complementary to one another’s growth; are generating revenue of at least $1 million; and that have auditable financials or are audit-ready.
“Through this targeted acquisition, we intend to expand Indulge Oils’ brand larger then it was before, and set up multi-state marketing deals for its products,” stated Matt Dwyer CEO of Global Consortium, Inc.
About Global Consortium, Inc.
Global Consortium, Inc. (OTC: GCGX) is a vertically integrated holding company whose portfolio includes California-based Indulge Oils, a premium “pesticide-free” brand known for its purity and high quality. Global’s growth strategy is to acquire brands and marketing channels to build awareness for the brands within its portfolio.
In compliance with SEC regulations, Global may in the future use social media outlets and its own website to announce key information in compliance with Reg. FD. For more information, visit the company’s website at www.GCGX.ORG
Connect with Global Consortium on Twitter: @Global_GCGXOTC
This news release contains “forward-looking statements” as that term is defined in Section 27(a) of the United States Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, estimates of services and equipment markets, the release of corporate apps, growth of the platform, target markets, product releases, product demand and, business strategy. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also consider that any investment in securities is at risk.
Details of the Company’s business, finances, appointments, and agreements can be found as part of the Company’s continuous public disclosure on otcmarkets.com.