Golden Global Corp Enters Into Letter Of Intent to Acquire 3 Fitness Centers; Announces Establishment of NUTRASTAX Supplement

BOCA RATON, FL / ACCESSWIRE / April 7, 2016 / Golden Global Corp. (OTCPINK: GLDG) today announced that in furtherance of its goal of creating and integrating a platform of complementary fitness industry businesses, it has entered into a letter of intent to acquire the membership base and operating assets of three Fitness Centers, which operate in the Ohio area.

Consummation of the acquisition is subject to the completion of due diligence, execution of definitive transaction documents between the parties and preparation of audited and unaudited financial statements for the business acquired.

In addition, Golden Global Corp. also announced that it has established its NUTRASTAX™ Fitness Supplement Division, under which it intends to market and sell a line of fitness supplements under the NURTRASTAX™ brand. The Company anticipates that it fitness supplement line will include energy, fat burning, muscle building and athletic enhancement products, which will be marketed through established industry distributors.

Golden Global Corp. sees the planned acquisition and establishment of the NUTRASTAX™ Fitness Supplement Division, as key steps in creating and integrating a platform of complementary fitness industry businesses.

Erik Blum, our CEO, stated, “In keeping with our announced business restructuring and deployment of our integrated fitness business platform, we are acquiring three fitness centers and intend to rebrand them as Global Fitness™ Training Centers. We intend to promote the Global Fitness™ brand to establish fitness centers where our trainers will specialize in developing an individual workout plan (IWP) for each member. The IWP will include a regimen of training and crossover workouts, combined with fitness supplements. As no two people are alike, we believe that each member needs a custom-tailored IWP. Our NUTRASTAX™ Fitness Supplement Division will clearly augment operation of our planned chain of Global Fitness™ Training Centers, while also allowing us to market our planned product line independent of our centers. We believe that there are significant synergies that will be achieved by integrating these new businesses with our existing hitter system and that together, they will form the anchor for expansion of our overall platform.”

About Golden Global Corp. Golden Global Corp. (OTCPink: GLDG) is a Florida-based holding company, which is engaged in creating and integrating a platform of fitness industry businesses.

Disclaimer/Safe Harbor

This Golden Global Corp. news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include failure to meet schedule or performance requirements of the Company’s contracts, the Company’s ability to raise sufficient development and working capital, the Company’s liquidity position, the Company’s ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur as planned or at all.

Contact:

For Further Information Contact:
Eric Blum, CEO
ceo@goldenglobalcorp.com
561.430.5935

SOURCE: Golden Global Corp

ReleaseID: 438575