GMUI

Gold Mining USA Inc.

 
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GMUI Initiates a Diversified Asset Acquisition

Oct 16, 2015

OTC Disclosure & News Service

Lithia, FL -

Gold Mining USA Inc. GMUI (OTC) Lithia, FL  The company is pleased to announce that it has entered into an LOI to acquire the operations of Savannah Senior Lifestyle Living Resorts ("Savannah") The estimated value of this transaction is approximately $11.5 million. The acquisition of a tangible revenue producing asset is part of a new direction for the company and shareholders. GMUI is set to inherit the existing management of the operation along with many more benefits soon to be disclosed.


"We are pleased to bring the Savannah's Senior Living Facility to our business model," stated Maurice Byrne, President and CEO of GMUI. "The existing revenue of the Savannah Resort is attractive enough to help the company financially progress on other acquisitions we have had our eyes on."


Dr. Alan Hadley, of GMUIs Board of Directors has stated, Im very excited to be a part of this evolution in GMUIs business model.


GMUI will use the existing management and existing staff to operate its senior living business under the Savannah name.


GMUI President, Maurice Byrne, "With the rapid expansion of the elderly population, this acquisition positions GMUI to pursue an aggressive growth strategy in the senior living and senior care space."


Byrne goes on further to say "This acquisition represents our ongoing commitment to execute our strategic plan in bringing value and profit to our shareholders and to the company.


For more information on this and other GMUI advancements please visit the Companies website at www.gmuiinc.com

Forward Looking Statements This news release contains forward-looking statements made by Gold Mining USA, INC. in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events. It is always best to seek advice from a licensed financial advisor before making any investment.

Contact:

Gold Mining USA Inc.

info@gmuiinc.com

209-386-7753

 

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