Business & Finance
Business and Finance
Business and Finance
Fri, February 20, 2009
Thu, February 19, 2009 Guard Dog Announces Approval for Acquisition of Competing Company And Signed Letter Of Intent
RENO, Nev.--([ BUSINESS WIRE ])--Guard Dog, Inc. (Pink Sheets:GRDO) announced today that it has received regulatory clearinghouse approvals for the acquisition of one of its major competitors.
Today Guard Dog, Inc., proudly announced that it has a signed letter of Intent with a rival provider of identity theft services. The acquisition, faced with a plethora of red tape, had been stalled for months while awaiting legal and regulatory clearinghouse approvals. The company is planning to complete the acquisition as early as next week and will disclose the final details of the agreement at that time.
James Watson, President and CEO of Guard Dog, Inc., said "The acquisition represents a tremendous growth opportunity for Guard Dog, Inc. and is a positive move for all parties involved. We are gaining instantaneous expansion of our client base while simultaneously reducing operating costs through the utilization of volume or tiered level discounts."
Without fully disclosing all details of the acquisition, the company emphasized that it would be conducting an all cash transaction and will in no way dilute shareholder value.
"In relation to our industry," Watson continued, "rapid growth through acquisition is quite appropriate and far less expensive of a proposition in addition to the tried and true methods of expansion through marketing and sales efforts. The competitive advantages range from instant market penetration and instant revenue streams to the elimination of a competitor."
About Guard Dog, Inc.
Guard Dog Inc. is a Pink Sheet stock which trades under the symbol GRDO. To obtain additional information about Guard Dog, Inc., please visit the Company's website, which may be found at: [ www.guarddogid.com ].
This press release contains statements that are "forward-looking," and involve a number of risks and uncertainties. Statements that are not historical facts are considered forward-looking statements, and are subject to Safe Harbor provisions as defined in the United States Private Securities Litigation Reform Act of 1995. Company results and performance may be materially different from future results, strategies, plans or goals expressed or implied by any forward looking statements made herein. The Company disclaims any obligation to update or revise any forward-looking statements.
