FORT LEE, N.J., March 28, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- GD Entertainment And Technology (USOTC: GDET) ("GDET" or the "Company") is excited to reveal its highly-anticipated Cryptocurrency "cold storage card" offered by DreamCard, a GDET subsidiary specializing in fully customizable and premium quality credit/debit cards. When the Company first announced the acquisition of DreamCard, management had outlined the next product launch would include blockchain based products focused on storage. Cold storage empowers cryptocurrency to be stored more safely offline. Online exchanges and third-party wallets hold private keys on behalf of clients. This makes exchange storage riskier than cold storage in regard to the keys being out of client direct control. There is currently no guarantee that replaces Cryptocurrency if they are lost or stolen. The Cryptocurrency cold storage market is forecasted to reach more than $15 billion by 2025.
Company CEO Anil Idnani commented "I am very pleased with the results provided by our preferred manufacturer and partner Lion Credit Card. Together, we have been able to relaunch the https://dreamcard.cc website under the GDET brand and now integrate one of our core business elements into the product line. I am positive our customers and shareholders will be excited to see the renderings of our cold storage prototypes. Our immediate next steps include updating the DreamCard website so these products can be available for purchase through our secure portal."
GDET All New Cannabis Subsidiary
GDET manages a diversified, high growth potential portfolio of subsidiary operations encompassing Cryptocurrency related enterprises and Cannabis enterprises. GDET recently announced its new cannabis subsidiary, The Greenery. The Greenery line of CBD products will be presented in detail next Tuesday, April 2nd, 2019. The CBD product reveal is scheduled in advance of GDET's formal CBD product line launch schedule for April 20th, 2019, the annual 420 celebration day for cannabis liberalization.
GDET Named Best Pure Play in Three Fastest-Growth Industries With $0.06Target PPS
Goldman Small Cap Research just issued a research report on the Company. The report includes a target price-per-share of $0.06. The report reviews recent events and provides an analysis of GDET's new initiatives. To view the research report, along with disclosures and disclaimers, visit http://www.GoldmanResearch.com.
GDET shareholders can continue to expect frequent updates as the Company's objectives proceed over the near term.
About GDET
GD Entertainment & Technology, also known as GDET, focuses on high growth industries to fulfill a diverse selection of premium products nationwide. The company currently manufactures, wholesales, and markets a portfolio of blockchain/financial service-based products. GDET strives to become one of the premier Cryptocurrency mining facilities that is client-focused and dedicated to creating a new standard in the Blockchain space based on security and transparency. GDET has also developed a strong relationship with suppliers worldwide to ensure future purchasing. The company currently has two subsidiaries, DreamCard and HyperDigital Technologies, which both offer a selection of transactional-based products and services. DreamCard allows users to create a customizable debit or credit card using its state of the art online platform. HyperDigital Technologies is the Cryptocurrency ATM sector of GDET and aims to secure multiple MSB, money services business, licenses in order to host ATM units throughout the country.
Safe Harbor Provision Cautionary statement for purposes of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995: Information in this news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the execution and performance of contracts by the Company and its customers, suppliers and partners. Please also review GD Entertainment and Technology annual and quarterly financials for a more complete discussion of risk factors. The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise. This communication shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of these securities in any state in which such solicitation or sale would be unlawful prior to registration or qualification of these securities under the laws of any such state
Contact:
GD Entertainment and Technology
732-851-3756
anil@gdet.co
1 Bridge Plaza
2nd Floor
Fort Lee, NJ 07024
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/061583b7-fa2b-42e7-9a80-7c030fbc239f