Breaking #Entertainment/ #Technology
#CBD #Stock News - GDET (OTC: $GDET) Announces its Relaunch of the Dream Card Division;
@GDEntertainmen4
FORT LEE, NJ, June 9, 2020– (Investorideas.com Newswire ) Breaking Entertainment & Technology
CBD Stock News - GD Entertainment and Technology (OTC: GDET) (“GDET” or the “Company”) is
excited to announce the redesign and relaunch of its Dream Card enterprise (gdet.co/dream-card), which specializes in fully
customizable, premium quality payment cards.
Read this news featuring GDET in full at https://www.investorideas.com/news/2020/cannabis/06091OTCGDET-DreamCardDivision.asp
The redesign and relaunch strategy is geared toward
capitalizing on the unmet demand and strong growth opportunity of the prepaid
gift card marketplace, which was valued over $1.84 billion in 2019 and is
estimated to grow to a total size exceeding $5.5 billion by 2027 at a CAGR of
nearly 15%, according to Allied Market Research.
Management notes that the Company plans to differentiate
itself in the prepaid gift card market by leveraging its existing Dream Card
infrastructure that will create a greater “user friendly” experience. This will
allow for personalization of prepaid cards, including a metal card and imagery,
to offer end users a highly personal touch currently unavailable in the
marketplace. Customers will be able to create cards with logos for clubs, their
choice of celebrities, BF’s, GF’s, pets or specialty themes. The Company can
apply this touch to the already existing core model of upgrading Credit cards
to this design as well.
Anil Idnani, CEO of GDET, commented, “We continue to
strategize with streamlining and efficiency as our top priority – seeking to
maximize growth in only those areas that represent a truly powerful ROI
opportunity. Dream Card fits that model. That said, the division needed an
overhaul since we acquired the business. We are extremely excited about the changes
being put in place, and we are targeting full revamped launch by the end of
this month.”
About GDET
GD Entertainment & Technology,
also known as GDET, focuses on high growth industries to fulfill a diverse
selection of premium products nationwide. The company is now primarily focused
on building the #1 online source for high-quality CBD-based products at
TheGreeneryCo.com https://www.thegreeneryco.com/
Safe Harbor Provision Cautionary
statement for purposes of the "Safe Harbor" provisions of the Private
Securities Litigation Reform Act of 1995: Information in this news release
contains forward-looking statements that involve risks, uncertainties and assumptions.
If such risks or uncertainties materialize or such assumptions prove incorrect,
the results of the Company and its consolidated subsidiaries could differ
materially from those expressed or implied by such forward-looking statements
and assumptions. All statements other than statements of historical fact are
statements that could be deemed forward-looking statements. Risks,
uncertainties and assumptions include the execution and performance of
contracts by the Company and its customers, suppliers and partners. Please also
review GD Entertainment and Technology annual and quarterly financials for a
more complete discussion of risk factors. The Company disclaims any obligation
to update or revise statements contained in this news release based on new information
or otherwise. This communication shall not constitute an offer to sell or the
solicitation of an offer to buy securities nor shall there be any sale of these
securities in any state in which such solicitation or sale would be unlawful
prior to registration or qualification of these securities under the laws of
any such state.
Contact:
732-851-3756
anil@gdet.co
www.gdet.co
1 Bridge Plaza
2nd Floor
Fort Lee, NJ 07024
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