Attached files
| file | filename |
|---|---|
| 8-K - GLOBAL DYNAMICS CORP | v178005_8k.htm |
| EX-2.1 - GLOBAL DYNAMICS CORP | v178005_ex2-1.htm |
| EX-3.1 - GLOBAL DYNAMICS CORP | v178005_ex3-1.htm |
| EX-17.1 - GLOBAL DYNAMICS CORP | v178005_ex17-1.htm |
Exhibit
99.1
Global
Dynamics Completes Purchase of Consumer Products Services LLC.
Deer
Park, NY, March 18, 2010 – Global Dynamics Corp. announced today that it
completed the acquisition of Consumer Products Services LLC (“CPS”) located in
Deer Park, NY, and in exchange, the members of CPS received shares of common
stock of Global Dynamics Corp. (the “Company”) representing sixty percent (60%)
of the issued and outstanding shares of the common stock of the Company on a
fully diluted basis. Simultaneous with the closing of the
transaction, the Company filed a Certificate of Amendment with the Secretary of
State of the State of Delaware amending its name to be Consumer Products
Services Group, Inc.
Also,
with the closing of the acquisition, the previous Board of Directors and
Management appointed Darren A. Krantz as Chairman and CEO of the Company, along
with his management team becoming the Executive Officer and other members of the
Board of Directors. The current Board and Management then
resigned.
The
Company will be filing the required documentation with FINRA to complete the
name change and to have a new trading symbol assigned.
Mr.
Krantz, the new Chairman and CEO of the Company, stated, “For over two decades
the management team at CPS has been servicing some of the world's leading
consumer product manufacturers with reverse logistics and remanufacturing,
reprocessing, repairing and recycling of consumer products. This
opportunity will allow us to expand our business and reach additional
manufacturers and consumers. We are very excited about the potential
for growth in the future.”
Additional
information may be found at our website www.cpsus.com
About
Consumer Product Services Group, Inc
Consumer
Product Services Group, Inc. (“CPS”) is engaged in Reverse Supply Chain
Services, remanufacturing, return center services, reprocessing, repairing and
recycling of consumer products. For over two decades the management team at CPS
has been servicing some of the world's leading consumer product
manufacturers.
Instead
of discarding millions of defective, damaged, and un-repairable returned
products into America's overflowing landfills, which cost manufacturers millions
of dollars to transport, process and dispose of annually, CPS developed
environmentally conscious proprietary remanufacturing, reprocessing and
recycling processes with the highest recovery rate of those very products
without the use of new replacement parts.
CPS has
positioned itself as a returned product management and remanufacturing company,
offering the following services to consumer product manufacturers:
· Reverse
Logistics Services
· Return
Product Management
· Return
Center Services
· Quality
Assurance Inspection Services
· Defect
Data Reporting
· Re-qualification
Services
· Remanufacturing
Services
· Warranty
Repair Services
· Recycling
Services
· Warehousing
& Distribution of Remanufactured Products
· Re-marketing
Services
· Supply
Chain Consulting
CPS
employs factory trained engineers, technicians, machinists, assemblers, and
material handlers and warehousing personnel, as well as a full staff of product
design, mechanical and electrical engineers who manage and operate the
engineering and quality assurance departments.
Forward-Looking
Statements
This
press release contains forward-looking statements, which represent the Company's
expectations or beliefs, including, but not limited to, statements concerning
plans, growth and strategies, which include, without limitation, statements
preceded or followed by or that include the words may, will, expect, anticipate,
intend, could, estimate, or continue or the negative or other variations thereof
or comparable terminology. Any statements contained in this press release that
are not statements of historical fact may be deemed to be forward-looking
statements. These statements by their nature involve substantial risks and
uncertainties, some of which are beyond the Company's control, and actual
results. Readers should carefully review the risk factors described
in other documents the Company files from time to time with the Securities and
Exchange Commission, including the Company’s Annual Report on Form 10-KSB for
the year ended December 31, 2009, Quarterly Reports on Form 10-Q, and Current
Reports on Form 8-K.
Contact:
Consumer
Products Services Corp.
Darren A.
Krantz, Chief Executive Officer
(631)
492-2500