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Golden Valley takes over Digit-Pro, Cut Stop.

MANews-(C)2009-2010

US brokerage firm Golden Valley Development (PINK:GVDI) said Monday it has bought Florida-based Digit-Pro and Delaware-registered Cut Stop, both providing patented technologies to the healthcare sector, for an undisclosed amount.

Digit-Pro has a licensing agreement to develop and distribute an FDA-approved device, called PercuGuard, which protects healthcare workers from accidental exposure to HIV, hepatitis and other blood-borne pathogens.

Cut Stop, in turn, has a licensing agreement to develop and distribute a finger guard technology for the home consumer market.

Following these two acquisitions, Golden Valleya[euro](tm)s management has resigned and Kevin Sorrels will now assume the role of president, CEO, secretary, treasurer and chairman of the board of the directors, while Carter Ransom will take the position of vice-president, COO and director.Country: , USASector: Healthcare, Consumer ProductsTarget: Digit-Pro, Cut StopBuyer: Golden Valley Development IncType: Corporate acquisitionStatus: Closed

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Publication:M & A Navigator
Geographic Code:1U5FL
Date:Nov 29, 2010
Words:143
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