HOUSTON, TX--(Marketwired - Apr 28, 2015) - Blue Diamond Ventures, Inc. (OTC PINK: BLDV) today provides additional updates to shareholders pertaining to future operational plans.
As previously noted in our previous press release, the company has begun the process of bringing ourselves to a current status in Nevada. Once reinstated, the Board of Directors has already approved corporate resolutions that will be filed immediately with the Secretary State of Nevada.
Pursuant to a share exchange agreement duly executed between the parties, and approved by the board of directors for each company, Green Growth Holdings, Inc. will be the surviving entity in this transaction. Blue Diamond Ventures, Inc. which has been performing research and development into proprietary technologies will in due time revert back to a private entity, taking all of its current assets, debts and liabilities.
Green Growth Holdings, Inc. is a newly formed state of Nevada Corporation. The company has spent the last year and a half as a non- formally organized entity performing due diligence and research in the Green Agriculture Industry. The company is preparing to enter the industries of medical marijuana, hemp, urban farming, among other high growth potential markets, with all future entities operating under the umbrella of Green Growth Holdings, Inc., either as wholly owned subsidiaries or joint ventures, thus building on our business plan to operate as a corporate "Eco System." The company's plans are to work with other companies that share similar visions, bring capacity and have technologies that will allow it to capture a greater market share percentage.
Green Growth Holdings, Inc., in due course, will seek to reduce BLDV's current Authorized Share Count to a number better reflecting our business operational plans. Green Growth Holdings, Inc. is a virtually debt- free company and has indicated it has no plans to raise capital through any toxic or highly dilutive measures.
Green Growth Holdings, Inc. will be launching their corporate social media sites to include a Facebook page and Twitter account in the very near future. Green Growth Holdings, Inc. will utilize these media outlets from time to time, in compliance with SEC Regulation Fair Disclosure (Regulation FD) to provide updates and information to the general public. Shareholders may view more information about Green Growth Holdings, Inc. by visiting their website: www.greengrowthholdings.com
The company has engaged the services of both Accounting and Legal Representation. Further information will be reflected within the upcoming company's filings with OTC Markets to obtain Pink Current Information Status.
"I am excited for BLDV shareholders and the potential that Green Growth Holdings, Inc. should provide in building intrinsic value through the company's existing network of resources and industry knowledge," said BLDV CEO John Quincey Moaning. "It has been my pleasure to serve as CEO of BLVD, and I want to thank all of our loyal shareholders for the privilege. The process is already well underway to facilitate the changes outlined earlier in this statement and will conclude in due course. I wish the new management and all of our shareholders the very best."
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.