Money4Gold Expands into Canada Through Acquisition
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BOCA RATON, Fla.--(Business Wire)-- Money4Gold Holdings Inc. (OTCBB: MFGD), the leading public company offering cash to consumers for unwanted gold and jewelry, has announced the acquisition of Money4Gold.ca in exchange for undisclosed consideration. The purchase of Money4Gold.ca, which had no prior relationship with Money4Gold Holdings Inc., will provide the company with immediate presence throughout Canada. With this acquisition, Money4Gold Holdings Inc. becomes an international market leader in the consumer-based cash for precious metals space and is now serving Canadian consumers through the website www.Dollars4Gold.ca. The acquisition will provide the Company full licensing and compliance to operate in all Canadian markets, while also adding two highly experienced industry executives to Money4Gold`s management team. With over 25 years of combined jewelry and precious metals experience, Shay Danan and Sharon Danan will join the Money4Gold Holdings Inc. team, with Sharon Danan serving as the Canadian operations` Chief Executive Officer. The two brothers were the founders of Money4Gold.ca. "By combining forces with Money4Gold Holdings Inc., we gain significant marketing, collections, distribution, and logistical expertise which will greatly enhance our Canadian operations," stated Sharon Danan. "We instantly become an international company, now operating in two North American markets." "Both Shay and Sharon bring broad Canadian jewelry and precious metals market experience into the Money4Gold family," stated Daniel Brauser, Co-Founder and President of Money4Gold Holdings Inc. "This combination creates a vast reservoir of efficiencies and sector knowledge that both our combined operations will enjoy, as our geographic service footprint accelerates onto the international stage." About Money4Gold Holdings, Inc. The Company`s mission is to increase shareholder value by producing gold, platinum and silver in increasing quantity, and without the risks of mining, large capital costs or the attendant environmental and political hazards. Management believes Money4Gold can offer the upside potential of the thriving precious metals markets by the broad-scale acquisition, recycling and production of gold, platinum and silver, while concurrently providing a new level of service and payout to individuals and groups wanting to sell their precious metals. Through Money4Gold`s consumer websites, including www.Dollars4Gold.com and www.Dollars4Gold.ca the company strives to provide the most convenient, efficient and secure method for individuals to recycle items containing precious metals. For more corporate information, please visit www.Money4Gold.com. Media Relations: Avalanche Strategic Communications Christina Brozek, 201-488-0049 christina@avalanchepr.com or Investor Relations: Michael Baybak and Co., Inc. George Duggan, 818-542-6880 gduggan@nat-media.com Copyright Business Wire 2009
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