Added by Pat Williams on December 3, 2011
Robert Garner Esq is pleased to announce that the Board of Directors of Broadcast Marketing Group Inc (Pink Sheets: BDCM) has entered into a Binding Letter of Intent to acquire the assets of Ocean 13 Hotel & Casino S. A. f/k/a Servicios Generales de Administracion Avanzada, S.A. through an Acquisition and Share Exchange Agreement.
The Letter of Intent is subject to completion of satisfactory due diligence, the satisfaction of closing conditions customary to transactions of this nature. Upon execution of a definitive Share Exchange Agreement Ocean 13 Hotel & Casino S. A. will operate as a wholly owed subsidiary of BDCM.
Hernan Carazo Bermudez, President stated: “We believe that the agreement reached with Ocean 13 Hotel & Casino, S.A. will provide shareholder value to BDMC.”
Ocean13 Hotel & Casino, S.A. has recently negotiated the acquisition of Hotel Amon Plaza (www.hotelamonplaza.com), a Costa Rica hotel which operates a 3,500 ft. casino, and sportsbook.
Safe Harbor Notice
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of the 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. The forward-looking information is based upon current information and expectations regarding Broadcast Marketing Group Inc . These estimates and statements speak only as of the date on which they are made, are not guarantees of future performance, and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results could materially differ from what is expressed, implied, or forecasted in such forward-looking statements.
Broadcast Marketing Group Inc future results may be impacted by risks associated with rapid technological change, new technological developments and implementations, execution issues associated with new technology, changes in law, media publicity and the negative impact this could have on competition, financial and budgetary constraints of prospects and customers, international changes to online gaming laws, government regulations, dependence upon key employees, and its ability to retain employees. BDCM’s future results may also be impacted by other risk factors listed from time to time in its Pink Sheet filings, including, but not limited to, the Company’s Annual Report. BDCM does not spam and does not condone spamming.
Broadcast Marketing Group Inc
Hernan Carazo Bermudez