Gold Coast Lays Out Future Growth Strategy, Reviews Foundation Built in 2014
ACCESS Newswire
WILTON, CT / ACCESSWIRE / January 8, 2015 / Gold Coast Mining Corp. (OTC Pink: GDSM) is pleased to summarize the events of 2014 and confirm its growth strategies/profitability for 2015 and grow shareholder value.
As 2015 begins, Management wants to take the opportunity to lay out its strategy for 2015, as well as, thank shareholders for understanding the challenges faced in establishing the Company in this new and evolving sector. By striving diligently building a solid foundation in 2014, we expect 2015 to be a year of success as can only be measured by profitability and increased shareholder value.
Name Change: Voting was robust and we appreciate all that participated. The winning name was Green Leaf Innovations, Inc. An amendment has been submitted to the Florida Secretary of State with an effective date of February 9, 2015. This will allow sufficient time for FINRA review and approval.
Aggressive Growth in Real Estate/Consulting: This segment will be a key driver in achieving profitability in 2015. Much time, effort and capital have been spent in understanding the business/industry, rapidly changing Federal, State, County and Local laws, and the people directly or indirectly involved. Given the economics, to achieve our goals, the Company needs larger scale opportunities. In mid-December, several private investors indicated their desire to co-invest in our future projects. These are successful businessmen that see the huge profit potential, but have limited knowledge in the space. These investments would be project specific and not require any issuance of Company shares. Management is completing business plans for individual projects in Colorado to present to the investors toward the end of January.
The Company's Yampa consulting agreement was evaluated and we have elected to improve this investment by moving to indoor facility on the same property on a lease/rental basis. The switch to an indoor facility provides a more controlled environment and affords the safety required. As importantly, it provides a path for expansion in the same facility. Our projected 2015 annual rental income is $60,000-$100,000 and does not account for any expansion.
Green Leaf Analytics: The platform for our Maine operation has changed for the positive. The Company and its partner, did additional market research and concluded the economics for a fixed site are more attractive than a mobile model. Green Leaf is negotiating a lease for a 2,200 sq. ft. storefront in Waterville, ME. In addition to testing, the store will carry hydroponics and 420 Concept products. This project is anticipated to be online in February.
420 Concept: Significant time and effort went into the recent holiday marketing campaign that substantially increased the 420 Concept's social media exposure. While sales may not have met expectations, knowledge was gained that will allow us increase sales and generate profit. With a modified go-to-market and pricing strategy, we are confident that we can compete and win market shares. Additionally, new products such as hydroponics and clothing may be added, broadening product mix to a larger audience.
MJ-Merchant: The Company continues to believe in this business concept. The legal challenges continue to provide obstacles to an optimal solution for handling dispensaries. Our merchant card partner continues to fine tune its offering. Even with the tremendous interest exhibited, the Company has determined that soliciting new applicants is not in our best interest until a verifiable optimal solution is available. Once available, we are confident that MJ-Merchant will be a key driver in profitability.
MJ-Xchange: The Xchange was the Company's first endeavor in the marijuana space. The site is robust, with numerous features and a growing user base. The focus for 2015 is to grow the advertising base to generate the income to support future enhancements and broaden our base of users.
In summary, a foundation was laid in 2014 upon which provided Management with the perspective needed to develop a realistic plan for growth and profitability in 2015. A common theme running through each of the Company's segments is that each business must be profitable on an individual basis. Management will constantly review each segment's results to ensure we meet our ultimate goal, profitability.
2015 will be a transformational year and the Company is excited about the future. We look forward to providing future updates an in creating real value for shareholders.
ABOUT GOLD COAST MINING
Gold Coast Mining Corp. is an innovative and opportunistic provider of services and products to the high growth legal marijuana industry. The Company targets niches where it can be the leader while concentrating on generating revenues, profits and substantial returns to its shareholders.
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate", "believe", "estimate", "may", "intend", "expect", and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance.
