ROAD TOWN, British Virgin Islands--(BUSINESS WIRE)--Kading Companies, S.A. (OTC:KDNG), announces the completion of its August 31, 2014 fiscal year-end financial statements that are posted at www.kadingcompanies.com. Now that Kading Companies is current with its financial statements we will be compiling the necessary due diligence to move the Company back to Current Information status on the OTCMarkets.com.
Kading Companies reported a year-end August 31, 2014 net loss of $56,227, compared to a year-end August 31, 2013 net loss of $593,156. Total assets for 2014 year-end are $1,994,107 versus $1,938,779 for the 2013 year-end. Total stockholders’ equity for 2014 is $1,967,428 versus $1,919,355 for 2013. The Company reported no revenues for the 2014 year-end.
Individuals with background in both finance and mining comprise our advisory board for the purpose of advising the Board of Directors on palatable mining opportunities and avoiding situations that could be detrimental to the Company. Our advisory board includes David C. Bruce. Noble Capital Corporation; Roberto Grecchi, a mining entrepreneur in Chile, South America; Martin Lipper, a director of TX Holdings, Inc.; Mark Pankoski, a senior‐level strategic technology professional; and Joshua H. Soloway, Chairman & CEO of Soloway Group PC. Kading Companies will be focusing on producing mining operations in both South America and South Africa. “I am very excited about the opportunity and feel highly confident this will create significant value for our shareholders, investors, the local communities and the miners,” said Kevin Kading, CEO of KadingCo.
This news release includes certain forward-looking statements concerning the future performance of Kading Companies, S.A.’s business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as "may", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company's recent OTCmarkets.com filings. Actual events or results may differ materially from those projected in the forward looking-statements and readers are cautioned against placing undue reliance thereon.
OTCMarkets.com does not accept responsibility for the adequacy or accuracy of this release.
