HOUSTON, TX - (NewMediaWire) - October 22, 2015 - Golden Global Corp. (OTC PINK: GLDG), a Company that has recently moved away from the business of acquiring, exploring, and developing precious metal properties in British Columbia, entered into a Letter of Intent (LOI) to acquire 100% of Combo Hitter. Combo Hitter offers an innovative twist to the conventional punching bag technology with a safer way to box, train, and workout. Brad Kohler, CEO and founder of Combo Hitter, is a retired UFC fighter, accomplished amateur wrestler and former MMA world champion. Kohler has brought decades of excellence and familiarity from his experience in the industry into the development of Combo Hitter. Combo Hitter's patent pending technology incorporates heavy bag, speed bag and focus mitts all in one, to offer everyday consumers a one-stop shop for all their fitness needs.
Follow the link below to view the Combo Hitter video and presentation.
This transaction became possible through the efforts of leading New York based hedge fund, Blackbridge Capital, LLC and Dallas based advisory firm, Anubis Capital Partners. Additionally, Blackbridge Capital has made a commitment of $5,000,000 over the next two years to support the anticipated exponential growth of Golden Global. Alongside Blackbridge's financial commitment is the combined strategic Advisory of both Anubis and Blackbridge. They will bring their next-generation M&A experience to offer the necessary expertise and guidance Golden Global will need through the proposed Acquisition.
"It has been a pleasure to work with both Blackbridge and Anubis and their excellent efforts have steered Golden Global into an exciting business in the fast growing Fitness industry," commented Robert Leyne Lee, CEO of Golden Global. "Combo Hitter is a one-of-a-kind fitness company with an innovative, soon to be patented technology. Work is in progress to catch up on our delayed SEC filings and this will result in GLDG returning to the status of a fully SEC reporting company in the near future."
Brad Kohler, the CEO of Combo Hitter, comments, "I'm excited to see the Combo Hitter become a household name. The strategic partnership between Blackbridge and Anubis will provide Golden Global with the financial expertise necessary to maximize its efficiency in the upcoming transaction."
Per the Letter of Intent, successful entrepreneur and fitness expert, Michael J. Starkweather, Combo Hitter's current Chief Operating Officer, will also be named as COO of Golden Global Corp. Mr. Starkweather will be scaling the operations and sales systems in order to strategically grow the company. "This is an exciting time and we are eager to showcase how our athletes are using the Combo Hitter in their training regiments."
As the Managing Partner and Co-Founder of Blackbridge Capital, Alexander Dillon continually pursues well established and robust companies to add to the firm's already impressive portfolio. Like so, the hedge fund is thrilled to partner with Golden Global Corp. and continue to support its emerging development. With the addition of Mr. Kohler to the expert management team, Blackbridge feels confident in capitalizing on the company's current goals as well as introducing this new amazing product to the company's already impressive portfolio. "We are ecstatic to invest in Combo Hitter through Golden Global, at a time when the company pivots towards a more profitable model, one in which we feel offers a refreshing twist on the day to day fitness routines," Mr. Dillon said.
About Golden Global Corp.
The company is a development stage junior gold mining company founded in 2009. It is presently traded on the OTC market as a Pink sheet fully reporting to the SEC. Its Trading symbol is GLDG and its website is http://www.goldenglobalcorp.com/. Please note that the Company's current website is in the process of being revised to update the Company's current direction into the fitness equipment industry.
Safe Harbor Provision
Cautionary statement for purposes of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995: Information in this news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the execution and performance of contracts by the Company and its customers, suppliers and partners. Please also review Golden Global's Forms 10-K and 10-Q for a more complete discussion of risk factors. The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.