Michael Cummings, Godfather Media's Chief Executive Officer, commented that Godfather Media is negotiating with a couple of other major shareholders in hopes of having additional shares retired soon and at that time will post the new shareholder structure.
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About Godfather Media, Inc.
Godfather Media, Inc. plans on growing its new business by acquiring interest in companies in mobile and social media, with talented executive management teams, smart mobile and social media products and services having a business model that generates revenues and are profitable. Our philosophy is that through a strong management team a strong company can be built, whether the acquired businesses are start-ups, in the later development stages, fully-operating entities with positive cash flow or distressed companies in need of our management's expertise to achieve turn around.
Godfather Media, Inc. will offer these subsidiaries financial assistance, critical strategic support and management support from an experienced team, to support and grow them. Our shareholders will be updated on a quarterly and annual basis via newsletters, teleconferencing and press releases whenever material events occur.
FORWARD-LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the Mobile and Social Media industry; the positioning of Godfather Media in the market; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether Godfather Media can successfully gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release.
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