The Resource Development Group, Inc. Plans to Expand their Collaboration with Parafin Corp. (OTC Pink: PFNO ISIN:
US69912M4006)
Berlin, 08.01.2013 - The Resource Development Group, Inc. announces that the Potsdamer Treuhand und Wirtschaftsberatung GmbH, has recommended that Parafin Corp. (PINK:PFNO) seek to acquire a participation of well over 50% in the Resource Development Group, Inc.
A complete acquisition and merger of the two companies could also be a sensible option to further develop the strategy successfully adopted by the Resource Development Group, Inc.
The management of the Resource Development Group, Inc. held extraordinary meetings in Berlin on Friday, the 4th and Saturday, the 5th of January 2013 to discuss the possible benefits and aspects of seeking a majority position in or a merger with the Parafin Corp.
An important goal of the deliberations was to strengthen and consolidate the confidence of the existing Parafin Corp shareholders in the work and the projects of the Resource Development Group, Inc. The company also views the publication of the LOI's with Katherine Jackson, the mother of Michael Jackson, as a clear signal for the modified corporate strategy. The investments of the Resource Development Group, Inc. are in producing companies and the credo of the RDG as a value investor is: "Earnings through production."
The management of the Resource Development Group, Inc. intends to inform Parafin Corp about their ambitions and decisions after a further short-term meeting which is scheduled within the next few days. However, it is already assume that a joint decision and a common solution will be found which will then be shown in the actual evaluation of the Parafin Corp. shares that, in turn, reflect the value investments of the Resource Development Group, Inc.
Forward-looking statements:
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to those, set forth in the Company’s Form 10-KSB and other filings with the United States Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
End of the press release www.resource-development-group.com Mail: info@rdgonline.de
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About Resource Development Group, Inc.: The Resource Development Group, Inc. is internationally oriented and active as an advisory and investment company. The company develops new business concepts for the economy and public infrastructures, offers, as an independent advisor, Know-How and capital for start-ups as well as small businesses and develops investment concepts for the financial service sector, banks, reinsurers and pension funds.
Resource Development Group, Inc. Trolley Square, Suite 20 C 19806 County of Newcastle/USA
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