02 May 2017
May 2, 2017 – General Finance and Development, Inc. (OTC Markets: GFDV) announced today that Minneapolis based B & B Image Group has executed a Letter of Intent agreement to join General Finance and Development as a wholly owned subsidiary.
B & B Image Group, originally formed in 1935, will be a compliment to another GFD subsidiary, Art Force, providing a full range of printing services, signage, and custom display and design services to all size businesses. Art Force provides a full range of artwork services and visual solutions to many of the same vertical markets as B & B Image Group.
Both companies are located in the Northeast Minneapolis Arts District approximately one mile from each other.
“We are excited to become part of GFD and the opportunity to leverage the resources GFD provides along with executing on the synergies between B & B Image Group and Art Force” stated Jay Ostrander, President of B & B Image Group.
The transaction is expected to be finalized before the end of July 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 www.genfd.com and www.otcmarkets.com.