Material Item Disclosure
General Finance and Development, Inc. (GFDV) announced today December 20, 2018 that wholly owned subsidiary Corporate Art Force has been informed that a major client will be transitioning the account to a new provider after the 1st of the year. Corporate Art Force has disclosed as a risk factor that the company is dependent on a few major clients and the loss of any of these clients could have a significant impact on financial results.
General Finance and Development, Inc. (GFD) provides capital and business development services to small and mid 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.