Golden Valley takes over Digit-Pro, Cut Stop
Posted on: Mon, 29 Nov 2010 08:46:21 EST
Symbols: GVDI
Nov 29, 2010 (MANAVIGATOR via COMTEX)
US brokerage firm Golden Valley Development (PINK: GVDI)
said Monday it has bought Florida-based Digit-Pro and Delaware-registered
Cut Stop, both providing patented technologies to the healthcare sector,
for an undisclosed amount. Digit-Pro has a licensing agreement to develop
and distribute an FDA-approved device, called PercuGuard, which protects
healthcare workers from accidental exposure to HIV, hepatitis and other
blood-borne pathogens. Cut Stop, in turn, has a licensing agreement
to develop and distribute a finger guard technology for the home consumer
market. Following these two acquisitions, Golden Valley's management has
resigned and Kevin Sorrels will now assume the role of president, CEO,
secretary, treasurer and chairman of the board of the directors, while
Carter Ransom will take the position of vice-president, COO and director.
Country: , USA Sector: Healthcare, Consumer Products Target: Digit-Pro,
Cut Stop Buyer: Golden Valley Development Inc Type: Corporate acquisition
Status: Closed
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Golden Valley Completes The Acquisition Of Digit-Pro And Delaware - Quick Facts
11/29/2010 5:20 AM ET
(RTTNews) - Golden Valley Development, Inc. Monday said it recently
completed the acquisition of Digit-Pro and Delaware corp., each having
a licensing agreement to manufacture and market a new patented technology.
The company noted that it first acquired Florida-based Digit-Pro, which
has a licensing agreementto manufacture, market and distribute the
patented "PercuGuard", an Food and Drug Administration or FDA -approved
protective device marketed to the health care industry.
Second, Golden Valley has acquired a Delaware corp. doing business as
Cut Stop, which has a licensing agreement to manufacture, market and
distribute the patented "Cut Stop" finger guard technology.
In connection with these two acquisitions, management for Golden Valley
has resigned and appointed new management personnel in their place, the
company said in a statement.
by RTT Staff Writer
