GD Entertainment and Technology Inc (GDET)

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GD Entertainment and Technology, Inc. Issues Shares to Team with 50+ Years of Management Expertise

Agoura Hills, CA -- September 18, 2015 -- InvestorsHub NewsWire -- GD Entertainment & Technology, Inc. ("GDET") ("the Company") (OTC Markets: GDET), a leading entertainment and technology company today announced that it completed a new share issuance to its highly skilled and succesful management team.

The Company issued an aggregate of 700,000,000 restricted common shares of the Company to key Executives and Officers of the Company.

GDET is led by industry veterans Dong Chung and Lawrence Bracco, who bring more than 50 combined years of leadership experience in the family media and entertainment industries to the Company. Mr. Chung was one of the early creators of co-production relationships in Korea and has received various awards in recognition of his contribution to the animation industry.

Mr. Bracco has won multiple Platinum Sales Awards from the Record Industry Association of America (RIAA), and led another company to several accolades in the toy and childrens industries.

Both executives are widely respected for their industry experience and knowledge and have served on senior positions in successful companies. Another key executive, James Lau, has a strong track record of success in both the technology and entertainment sectors.

The Board has determined that it is in the best interests of the Company and its stockholders to assure that the Company will have the continued dedication of Mr. Chung and Mr. Bracco, along with the other Board members and executive officers.

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The Board believes that it is imperative to provide with sufficient compensation in order to keep them properly incentivized.

Dong Chung, CEO of GDET stated, "It is important for us to keep our management team intact and motivated for long term success. We also want our shareholders to know that we are committed and focused on the growth of our company.

We continue to grow our business, with the release of The Son graphic novel in North America and Europe and other projects, added Lawrence Bracco, COO of GDET. We continue to reduce our debt and improve our balance sheet, and are happy to be able to maintain a firm hand on the growth of the company.

With this share issuance, the GDET management team continues to be the Company's largest shareholder as a group, with a combined stake of approximately 92%. The shares issued to GDET management are subject to a 12-month lock-up period.