|By Marketwired .||
|February 6, 2014 08:15 AM EST||
SAINT CLOUD, FL -- (Marketwired) -- 02/06/14 -- Small Business Development Group, Inc. (OTC Pink: SBDG) Board of Directors has directed management to work with legal counsel to prepare an offering memorandum and subscription documents for a securities offering in the next 60-90 days in which SBDG will seek to raise up to $15 million. The offering will be using the company's authorized Series A Preferred Stock, which is complimentary to the common stock. Management has retained an investment-banking firm in Boston, MA to assist with the process.
The capital will be used to make acquisitions for SBDG in order to further increase shareholder value. "This structure is all part of the 'Engineering a Public Company' process we use to develop strong fundamentals for a growing company," said Roy Salisbury CEO.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Small Business Development Group, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions the occurrence of unanticipated events or changes to future operating results.