Small Business Development Group (OTC: SBDG) Announces Share Buyback Program
FOR IMMEDIATE RELEASE
CARY, NC, October 1, 2021 (OTC Markets) - Small Business Development Group, Inc. (OTC:SBDG) announced today that the Company, and a number of its insiders, will begin buying back outstanding shares in the market for a period of time beginning in the fourth quarter of 2021.
The Company currently has 950,651 shares in its float that are unrestricted and available for purchase on the open market. The Company has 10,360,444 outstanding shares, but a large portion of those shares are restricted.
Information about the Company, its mission, Company officials, and news is available at www.SBDGStock.com .
Small Business Development Group establishes sound business fundamentals in the companies it acquires, to increase revenues and profitability. The end goal is to “spin-off” the acquisitions, as successfully traded public companies.
SBDG is seeking to identify and acquire small to medium size companies that feature predictable growth and profitability. The ideal candidate has a value between $2 and $50 million with positive cash flow.
Small Business Development Group, Inc. (OTC: SBDG) is a holding company publicly traded on OTC Markets. SBDG has an active mandate to identify and acquire operating companies with a preference for those in the small to medium sized enterprise arena (SMBs and SMEs) based in North America, specifically those demonstrating modest but predictable growth and profitability over time. Ideal candidates for acquisition have an enterprise value between $2 million and $50 million with positive cash flows between $500,000 and $5 million. SBDG's intent for all acquisitions is to affirm or establish sound business fundamentals and to drive revenue and profitability growth. The goal of SBDG is to develop and align portfolio companies into high performance industry verticals and deliver additional value for its stakeholders and SBDG investors.
This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business.
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