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$GVDI big revenuews here!
Year End 2014 Revenue of $9.93 million and Balance Sheet of $6.74 million
FORT LAUDERDALE, FL--(Marketwired - May 12, 2015) - Golden Valley Development, Inc. (OTC PINK: GVDI) (the "Company"), a developer and marketer of patented and patentable technologies, is pleased to announce the release of its record breaking annual financials, for the fiscal year 2014.
GVDI's annual results showed revenue of $9.93 million for the fiscal year 2014, compared to little or no revenues of the previous fiscal year. GVDI's total asset base was $6.74 million, which represents a 1,456% increase since the same period last year.
"2014 was a groundbreaking year for the Company, which marked the commencement of significant new and expanded business operations, resulting in record revenue generation and asset base growth. Furthermore, the team and myself have spent a considerable amount of time over the past year developing new patentable products and strategic initiatives, which we hope to see come to successful fruition over the coming year," stated Kevin Sorrels, CEO of GVDI.
The Company's revenue increases derived largely from the Company's entry into new business areas, and through acquisitive growth, including in the healthcare, high-tech, and logistics industries.
