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Gd Entertainment & Technology, Inc. Releases CEO Update Letter to Shareholders

AGOURA, CA / ACCESSWIRE / April 27, 2015 / GD Entertainment & Technology, Inc. (formerly Donini Inc. (DNNC), a leading entertainment and technology company specializing in the development and production of entertainment properties and technologies worldwide, today released a letter to its shareholders from its CEO, Dong H. Chung.

Dear Fellow Shareholders:

I am pleased to provide you with our company update and communicate our vision for the remainder of the calendar year and beyond. It has been about 5 months since we took over control of the company formerly known as Donini, Inc. and while much has been accomplished, there is still much work to do. Since our merger, we have focused on reducing our aged corporate debt, from nearly $1.3 million to less than $800,000, and we anticipate further reductions through favorable cancellation agreements with our debtholders as opposed to further sales of our debt to third parties.

We have announced our plans to become fully reporting and aligned ourselves with an award-winning legal team for our regulatory filings and guidance. This coming week, we should begin to see the results of their efforts, including the processing of our name and symbol change with FINRA. We are in active discussions with several groups regarding our longer term corporate and project financing requirements, and look to have definitive funding agreements in place within the next 90 days.

On the project side, we now have two of our intellectual properties, The Son and StoneAge Santa in active distribution, and expect revenues to begin being generated in the 3rd Qtr of this year. We have begun initial development on our live stage show, Cirque du Asie, and this week executed our engagement agreement with Stefan Haves, our director. We have secured co-production commitments for our animated feature film, Blue Elephant 3 and are in preliminary discussions with several international distributors. We have also signed a joint venture agreement with the developer of Artificial Intelligence software platform that will allow us to develop and market a unique English language learning program for the $8 -10 billion annual Korean ESL market.

We are excited about our future prospects, both in the U.S. and Asia. We will continue to keep you updated with regular news releases, and plan to institute additional communication channels in the coming months. Thank you for your continue support.

About GD Entertainment & Technology, Inc.:

GDET specializes in the development, production and exploitation of entertainment properties and technologies worldwide. Over the past 10 years, GDET and its management have created, produced, and/or distributed a variety of family-friendly content, including: Conan the Barbarian animated DVD, animated Voyages of Young Dr. Doolittle and Adventures of Odyssey and the acclaimed graphic novel series, The Almighty Bible, an ebook & print version of the Bible for teenagers. GDET principals have over 80 years of combined experience in producing and distributing media, consulting to and licensing major intellectual properties globally, including Warner Brothers, Marvel/Disney, and Mommy & Me. Management has been conducting business in Asia for more than 25 years, and has significant relationships with major corporations, investors and production facilities in Korea, Thailand, China, Japan and other markets. GDET has several projects in development including an animated feature film, a live stage show and an adaptation of a successful juvenile book series for digital video and mobile games.

Information in this document constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "estimate," "project," "intend," "expect," "should," "believe," and similar expressions are intended to identify forward-looking statements. These statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause GD Entertainment & Technology, Inc. actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in GD Entertainment & Technology, Inc. filings and Disclosures. All forward-looking statements attributable to GD Entertainment & Technology, Inc. herein are expressly qualified in their entirety by the above-mentioned cautionary statement. GD Entertainment & Technology, Inc. disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.

Company Contact:

Lawrence Bracco
Tel : (818) 338-5723
larrybracco@gdetinc.com

SOURCE: GD Entertainment & Technology, Inc.