GFD – Art Force Moves Forward with Creative Business Development Strategy
An option for additional space has been exercised in the NE Minneapolis Arts District
William Kieger, CEO of General Finance and Development (OTC Markets: GFDV) and President of Corporate Art Force dba Art Force announced today that an option for additional space has been exercised in the Van Buren Building located in the NE Minneapolis Arts District.
GFD is a publically listed micro-cap holding company with the philosophy “Investing in the creative spirit”.
There are 2 subsidiaries currently:
- GFD Investments – Provides strategic loans and equity investments in small emerging growth companies and complimentary ventures.
- Art Force – An artwork distribution and services company that specializes in corporate and healthcare markets through multiple channels. A new web-based platform is to be launched in April of this year and will be the foundation for national expansion. Since 2010 Art Force has distributed and manages more than 28,000 pieces of artwork in 42 states.
The approximately 14,000 square feet of space will be utilized for creative collaboration, business services and consulting. GFD is currently seeking additional entrepreneurial ventures to consider investing in and/or partnering with.
So far the company has self-funded its development along with periodic short-term financing through CEO William Kieger’s angel fund Aurora Capital Management.
In order to finance the near term expansion, Aurora Capital Management has pledged up to 750,000 shares of GFD common stock to be contributed to GFD Investments and sold to investors. Long-term financing will likely include a private placement offering to accredited and institutional investors.
For more information about GFD and Art Force contact Investor Relations at 763-567-2208 or email [email protected].
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. More information regarding General Finance and Development including financial statements and reports is available at the company’s website www.genfd.com and www.otcmarkets.com.