CARY, NC – (NewMediaWire) – October 26, 2021 – Small Business Development Group, Inc.
(OTC:SBDG) (www.SBDGStock.com) recently announced a
Definitive Agreement to acquire a U.S. based manufacturer of licensed sports
products and sports memorabilia, Edge Innovations (www.EdgeInnovationsllc.com).
brings to Edge Innovation and all of its portfolio companies acquired resources
including human capital, growth capital, and new opportunities. With Edge, we will assist with new product
creation, development of a new web site, increased social media presence,
increased use of e-commerce, improved direct marketing of their products, and
expansion into new industries,” said Roy Y. Salisbury, Small Business Development Group CEO and
designs, develops and manufactures scalable licensed retail products which are
sold in multiple high-volume consumer sectors.
Its innovative, patented product lines are poised for exponential growth.
In 2020, with the
pandemic raging and the sports industry coming to a halt, Edge Innovations
transitioned its machinery and tooling to produce medical testing and culture
collection devices to support the national fight against COVID-19. As Edge Innovations, and the nation, emerges
from the pandemic and raw material shortages, SBDG is assisting Edge in
producing products for the nation’s top one day holiday, the Super Bowl, in
February 2022, along with Fanatics.com, the National Football League and other
Edge Innovations also
plans a significant consumer retail product expansion in 2022, expanding its
national distribution, with products in the collectible sports memorabilia
sector, according to Gary Merten, CEO and founder of Edge Innovations.
“We are delighted with
this opportunity to grow and expand Edge Innovations. We look forward to working with Small
Business Development in this effort,” said Mr. Merten.
“Our plan is to
increase Edge Innovation’s business in the sports sector, an important part of
this acquisition. Beyond that, we are
extremely excited about the network and capabilities that Gary has established
for Edge Innovations- and that together with SBDG, Edge will be adding business
in other industries besides sports. We
are confident that Edge, manufacturing American made products, is a true
‘diamond in the rough,’ with significant upside and revenue potential,” said Brian Jue, Small
Business Development Group Chief Operating Officer and a Director. “We are
following the SBDG playbook for portfolio companies with Edge, to further
develop and accelerate revenue and asset growth, we are seeking bolt-on
acquisitions for Edge in addition to organic growth.”
Small Business Development Group, Inc.
(OTC: SBDG) is a holding company publicly traded on OTC Markets. SBDG has an
active mandate to identify and acquire operating companies with a preference
for those in the small to medium sized enterprise arena (SMBs and SMEs) based
in North America, specifically those demonstrating modest but predictable
growth and profitability over time. Ideal candidates for acquisition have an
enterprise value between $2 million and $50 million with positive cash flows
between $500 thousand and $5 million. SBDG’s intent for all acquisitions is to
affirm or establish sound business fundamentals and to drive revenue and
profitability growth. The goal of SBDG is to develop and align portfolio
companies into high performance industry verticals and deliver additional value
for its stakeholders.
For more information, go to www.SBDGStock.com
About Edge Innovations:
was established to develop innovative product lines within multiple channels
and bring them to the consumer retail market. It utilizes its
ever-growing resources and vertically integrated capabilities to consistently
design and deliver new products for the licensed retail product
space. Edge Innovations designs and develops highly scalable
consumer retail products that appeal to a robust market sector and
technologies that create opportunities for the American workforce.
All Edge Innovation products are
designed, developed, manufactured, and assembled in America.
Note to Investors
release contains certain forward-looking statements based on our current
expectations, forecasts and assumptions that involve risks and uncertainties.
This release does not constitute an offer to sell or a solicitation of offers
to buy any securities of any entity. Forward-looking statements in this release
are based on information available to us as of the date hereof. Our actual
results may differ materially from those stated or implied in such
forward-looking statements, due to risks and uncertainties associated with our
Contact: Paul Knopick