Novation Holdings (NOHO) Completes Acquisition of FGLD; Initiates Roll-Up Plan

Novation Holdings (NOHO) Completes Acquisition of FGLD; Initiates Roll-Up Plan 
BOCA RATON, FL -- (Marketwired) -- 12/17/13 --  Novation Holdings
(OTCQB: NOHO) today announced that it completed the acquisition of a
controlling interest in Focus Gold Corporation (OTCQB: FGLD) the
purchase of Series A Convertible Preferred Stock in FGLD with voting
power equal to 55 percent of all voting stock of FGLD, for a cash
subscription price. With the funds from this acquisition, FGLD has
begun to implement its roll-up of accounts receivable management
companies and has formed two wholly-owned subsidiaries, Focus Gold
Financial Corp., which will focus on the retail collections market,
and Focus Gold Commercial Resolution, which will focus on the
commercial recovery market. According to Michael Gelmon, CEO of
Novation Holdings and the new interim CEO of FGLD: "This acquisition
will provide us with the opportunity to expand our market activities
through FGLD into a new, high volume cash flow business which
currently operates through many small local collection offices and
which is ripe for a roll-up strategy. By providing back-office
administrative and financial management through our administrative
subsidiary, Novation Consulting Services, Inc., we believe we will be
able to create an efficient, profitable operation in this large
market segment." 
The business and retail collection industry employs more than 450,000
people nationwide through more than 4,000 separate collection
agencies and in the commercial side alone, more than $150 billion in
debt was placed with collection agencies in 2011, resulting in more
than $40 billion in collections. Mr. Gelmon stated: "Our plan is to
assist FGLD in identifying talented leaders in this industry, set up
offices for the new operations and begin identifying acquisition
opportunities." 
FORWARD LOOKING STATEMENT 
Certain statements contained herein and subsequent oral statements
made by and on behalf of Novation Holdings, Inc. may contain "forward
looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward looking statements are
identified by words such as "intends", "anticipates", "believes",
"expects", and "hopes" and includes, without limitation, statements
regarding Novation Holdings, Inc.'s plan of business operations,
product research and development activities, anticipated revenues and
expenses and potential contractual arrangements and obligations.
Also, our management may make forward-looking statements orally to
investors, analysts, the media and others. Any statements made in
this news release about an action, event or development, are
forward-looking statements. Such statements are based upon
assumptions that in the future may prove not to have been accurate
and are subject to significant risks and uncertainties. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company.
These risks and others are included from time to time in documents we
file with the Securities and Exchange Commission, including but not
limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown
or unpredictable factors also could have material adverse effects on
our future results. Accordingly, you should not place undue reliance
on these forward-looking statements. Although the Company believes
that the expectations reflected in the forward-looking statements are
reasonable, it can give no assurance that its forward-looking
statements will prove to be correct. Investors are cautioned that any
forward-looking statements are not guarantees of future performance
and actual results or developments may differ materially from those
projected. The forward-looking statements in this press release are
made as of the date hereof. The Company undertakes no obligation to
update or correct its own forward-looking statements, except as
required by law or those prepared by third parties that are not paid
by the Company. The Company's SEC filings are available at
http://www.sec.gov. 
Contact: 
Contacts:
Novation Holdings, Inc.
Media Department
media@novationholdings.com 
 
 
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