GROC .006 +71% news:
Great Rock Development to Divest Forest Bio-Products - Strengthens Balance Sheet
TORONTO, Sept. 11, 2015 /PRNewswire/ --Great Rock Development Corp. (OTCPK: GROC) is pleased to announce the signing of an agreement to divest of one of its operating subsidiaries, Forest Bio- Products Inc.
Following the divestiture the company will emerge essentially debt free with over $1 million in liabilities retired. Great Rock will also rescind 80,000,000 common shares bringing the total issued and outstanding to under 128,000,000.
Commenting on the transaction, Great Rock Director Maria Gafter... "With Forest Bio's sales down in 2015 there will be little changed in the company's income and sales.
These moves will dramatically enhance the Company's balance sheet and improve shareholders equity."
The move allows management to focus more on efficiency and robotics solutions, a key market for the company."
About Great Rock Development.
The global marketplace demands efficiency. At Great Rock we design and implement a variety of solutions, including automation in order to streamline labor and energy costs while improving speed and efficiency within the workplace. At Great Rock, our business solutions span several industries. From agricultural fields to manufacturing and big box super-stores, and to remote mining operations, Great Rock will develop solutions to enhance the efficiency and cost structure of your business.
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www.GreatRockDev.com
Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth within this website and these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with the OTCMarkets.com including the company's Annual Report, Quarterly Reports and other periodic filings.
These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements. Nothing within this site is meant to be a solicitation to buy or sell our securities. Investing in over the counter (OTC) securities often carries a high degree of risk. Please contact your financial advisor before investing in our securities.
Contact:
Great Rock Development Corp.
7 Jackes Avenue
Toronto ON Toronto M4T1E2
Canada
www.GreatRockDev.com
info@GreatRockDev.com
+1-416-568-9051
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