Source: MARKETWIRED

Press Release: Development Capital Group : DEVELOPMENT CAPITAL GROUP Acquires Clearance.co

MIAMI, FL and LOS ANGELES, CA --(Marketwired - April 04, 2014) - DEVELOPMENT CAPITAL GROUP, INC. (OTCQB: DLPM)  ("the Company") is pleased to announce that the acquisition of Clearance.co has been finalized as reported in the 8K filing of April 3, 2014. Clearance.co, one of the fastest growing start-up ecommerce websites in the world, was acquired by DLPM for approximately USD 40 million in an all-stock transaction which are subject to certain restrictions of resale. The completion of the transaction establishes significant revenue for Development Capital Group while enabling increased funding for marketing initiatives for the Clearance.co brand. 

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Annual Revenue
$100K-5.0M
Employees
1-25
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Chairman & CEO

Shahbod Rastegar

CEO Approval Rating

70/100

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