Eight Dragons Acquires Park Road Solutions; Gains Position in IT Services Market
07 Giugno 2017 - 2:00PM
Marketwired
Eight Dragons Acquires Park Road Solutions;
Gains Position in IT Services Market MIAMI, FL-(Marketwired - Jun 7, 2017) - Eight
Dragons Co. (OTCQB: EDRG) announces today that it has acquired Park Road
Solutions, Inc., a Miami based company that specializes in
outsourced Chief Technology Officer, Chief Security Officer, and
information technology managed services. The acquisition was
achieved through a tax-free exchange of common stock between the
companies. We believe that the acquisition will combine
Eight Dragons' prospective financial strength with Park Road's
industry-specific knowledge and amplify its ability to compete in
the executive IT consulting market, which according to data
published by CompTIA.org is estimated to grow to $193 billion by
2019, a 12.5% Compound Annual Growth Rate
(CAGR)."I'm incredibly excited to join the Eight
Dragons portfolio," says Jordan Fishman, Park Road Solutions
Founder & President "Our businesses are complementary; there's
tremendous potential and cross pollination
opportunities.""We are truly pleased to announce our
partnership with Jordan Fishman and Park Road Solutions, Inc.,"
stated Una Taylor, Chairman and Chief Executive Officer of Eight
Dragons. "Park Road Solutions is part of Eight Dragons' launch
strategy to build a robust products and services revenue stream
covering diverse and dynamic markets. Information services and
security markets are central to all businesses. Park Road's unique
capabilities and product offerings within the hedge fund industry
will also help us establish new relationships with established
entrepreneurs who finance and invest in companies that are aligned
with our mission."About Park Road, Inc.Park Road Solutions, a Miami based company,
specializes in outsourced Chief Technology Officer, Chief Security
Officer, and information technology managed services. Their
experience spans all major verticals including retail, education,
finance, and healthcare with core competency and focus on Financial
Service Providers such as Hedge Funds and Broker Dealer clients.
Park Road Solutions provides unique domain expertise in Financial
Regulatory, Compliance, Product Development and Managed IT
Services. By utilizing bespoke and turnkey methodologies within its
product offering, they ensure every solution is right sized and
designed around client needs.About Eight Dragons
CompanyEight Dragons Company (OTCQB:
EDRG) is a technology-investment company that
invests in and operates companies to support a full-stack
development eco-system. Headquartered in Miami, FL and commencing
operations in 2017, Eight Dragons seeks to help companies using
innovation and vision to address the world's biggest challenges and
realize exponential opportunities. For more information on Eight
Dragons, please visit our website at www.edrg.com, or follow us on Twitter at @edrgco (both of
which are expressly not incorporated into this press
release). Forward-Looking Statements:
Except for historical matters contained herein,
statements made in this press release are forward-looking
statements. Without limiting the generality of the foregoing, words
such as "may", "will", "to", "plan", "except", "believe",
"anticipate", "intend", "could", "would", "estimate", or
"continue", or the negative other variations thereof or comparable
terminology are intended to identify forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause actual results,
performance or achievements to be materially different from any
future results, performance, or achievements expressed or implied
by the forward-looking statements. Also, forward-looking statements
represent our management's beliefs and assumptions only as of the
date hereof. Except as required by law, we assume no obligation to
update these forward-looking statements publicly, or to update the
reasons actual results could differ materially for those
anticipated in these forward-looking statements, even if new
information becomes available in the future. The Company is subject
to the risks and uncertainties described in its filings with the
Securities and Exchange Commission, including the section entitled
"Risk Factors" in its Annual Report on Form 10-K for the year ended
December 31, 2016 and its Quarterly Reports on Form
10-Q.Contact InformationCompany ContactMartin E.
SchmiegChief Financial OfficerEight Dragons CompanyTel. 1 (215)
300-9400Email. martin.schmieg@edrg.comFor
Media and Investor Contact:Luna Consultant
Group702.333.4886www.lcginfo.com
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