Technology Company Development Capital Group, Raises $680,900 in Finance Round - WDAM.COM - TV 7 - News, Weather and Sports

Technology Company Development Capital Group, Raises $680,900 in Finance Round

Posted: Updated:

January 21, 2014 / Miami, FL / DEVELOPMENT CAPITAL GROUP, INC. (OTC: DLPM, “the Company”) is pleased to announce it has raised USD $680,900.00 in equity financing. For the investment, the Company issued 9,462,000 shares of restricted common stock. No commissions or professional fees were paid on this financing.

This stage of financing will allow Development Capital Group to accelerate its investment in innovative product development, acquisitions and will commence marketing initiatives to drive product awareness for revenue growth. Development Capital Group is now able to pursue projects on a larger scale and breadth as well advance existing projects with greater speed. Development Capital Group’s vision has been broadened to take advantage of these new opportunities.

DEVELOPMENT CAPITAL GROUP CEO, John Lindsay stated, “We are very excited to have this early stage financing completed. We have been working on strengthening the company through multiple initiatives and this capital gives us the means to pursue these initiatives more aggressively. I believe our shareholders will be happy with the results of these efforts.”

About Development Capital Group, Inc.

Development Capital Group, Inc. (OTC: DLPM) develops businesses and technologies with significant potential for growth and customer acquisition. The Company analyzes market trends seeking opportunities to develop innovative technologies that capitalize on antiquated or under-serviced sectors. Our first internal application RealtyValuator.com is currently in private beta analyzing real estate auction data in Florida.

For more information on DEVELOPMENT CAPITAL visit http://www.developmentcapital.com/

For further information please contact:

Development Capital Group, Inc.
6815 Biscayne Blvd, Suite 419
Miami, FL 33138
http://www.developmentcapital.com/

Investor Relations:
+1-800-305-7090
ir@dlpminc.com

Sign up to keep up to date on corporate developments here – (http://developmentcapital.com/investor-alerts/)

Safe Harbor Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the Company’s results of operation, financial position and long-term strategies. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, and fraud. More information about factors that potentially could affect the Company’s financial results are included in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-Q or 10-K and subsequent filings.

Source: Development Capital Group, Inc.

Source: http://www.accesswire.com/viewarticle.aspx?id=411142

ReleaseID: 31371

  • LOCALLOCALMore>>

  • Petal hosts Pow Wow for first time

    Petal hosts Pow Wow for first time

    Saturday, April 19 2014 9:01 PM EDT2014-04-20 01:01:26 GMT
    Dozens of Petal residents and members of nearly one dozen Native-American tribes from six Southeastern states are engaging in an exchange of cultures for the first time in the Friendly City this weekend.More >>
    Members of the Choctaw, Creek, Cherokee and other tribes are taking part in the 12th annual Golden Eagle Pow Wow.More >>
  • Hub City hosts 67th annual Easter Egg Hunt

    Hub City hosts 67th annual Easter Egg Hunt

    Saturday, April 19 2014 8:57 PM EDT2014-04-20 00:57:35 GMT
    Hundreds of children and their parents got some early Easter presents at Dahmer Park Saturday morning during the 67th annual Community Easter Egg Hunt, sponsored by the City of Hattiesburg and the Lion'sMore >>
    The event also featured games for the children. Kids could also have photos made with the Easter Bunny.More >>
  • Sacrifice Fly by Matt Durst Leads Southern Miss Past Louisiana Tech 1-0

    Sacrifice Fly by Matt Durst Leads Southern Miss Past Louisiana Tech 1-0

    Saturday, April 19 2014 8:21 PM EDT2014-04-20 00:21:52 GMT
    Southern Miss Athletics Press ReleaseHATTIESBURG, Miss. – Matt Durst delivered a sacrifice fly in the bottom of the sixth giving Southern Miss the only run they needed while Christian Talley and Ryan MiltonMore >>
    Matt Durst delivered a sacrifice fly in the bottom of the sixth giving Southern Miss the only run they needed while Christian Talley and Ryan Milton combined to shutout Conference USA foe Louisiana Tech for the second-straight day in a 1-0 decision here Saturday afternoon at Pete Taylor Park/Hill Denson Field.More >>