General Finance and Development, Inc. (OTC Markets: GFDV) announced today that Minneapolis based Bluewater Brand has executed a Letter of Intent agreement to join General Finance and Development as a wholly owned subsidiary.
Bluewater Brand is the assumed name operating under Bluewater Direct, Inc. as a franchise marketing agency who enables leading national brands and their franchisees to execute multi-channel campaigns with ease. Their powerful local marketing solutions help franchises create personalized, integrated marketing campaigns for their locations through traditional and digital marketing.
Both companies are located in the Minneapolis metropolitan area.
“We are excited to become part of GFD and the opportunity to leverage the resources GFD provides along with executing on the synergies between the other GFD companies in their portfolio” stated Derek Kropp, CEO of Bluewater Brand.
The transaction is expected to be finalized before the end of August of this year.
More information will be forthcoming in the coming weeks.
About General Finance and Development:
General Finance and Development, Inc. provides capital and business development services to small and medium size companies. Capital is provided to qualified companies by equity and/or strategic loan agreements. Business development services include business planning, organization and management development. GFD also pursues merger/acquisitions and joint venture projects.
The foregoing material may contain forward-looking statements. We caution that such statements may be subject to uncertainties and that actual results could differ materially from the fore-going statements. Readers accordingly should not place undue reliance on these forward-looking statements which do not reflect anticipated or unanticipated events or circumstances occurring after the date of these forward-looking statements. More information regarding General Finance and Development including financial statements and reports is available at the company’s website http://www.genfd.com andwww.otcmarkets.com.