California Gold Corp. Completes Securities Exchange Agreement With MVP Portfolio, LLC

California Gold Corp. Completes Securities Exchange Agreement With MVP 
Portfolio, LLC 
The Company Completes Private Placement Offering of $2.9 Million and
Will Continue Operations as MV Portfolios, Inc. 
JACKSONVILLE, FL -- (Marketwired) -- 02/27/14 --  California Gold
Corp. (the "Company") (OTCQB: CLGL), a Nevada corporation, announced
today that it completed a securities exchange on February 7, 2014
pursuant to which the members of MVP Portfolio, LLC, a Florida
limited liability company ("MVP"), exchanged 100% of the membership
interests in MVP for 9,385,000 to-be-issued, post-1 for 100 Reverse
Split shares of common stock, $0.001 par value per share, of the
Company. As a result of the securities exchange, the Company will
continue the existing business operations of MVP as a publicly-traded
company under the name MV Portfolios, Inc. The effective date of the
reverse split and Company name change is expected to be on or about
March 30, 2014, following completion of the Company's process to
solicit the required stockholder vote for the planned corporate
changes. Once the reverse split and name change become effective with
FINRA, a new ticker symbol will be issued for the Company's new name. 
On February 7, 2014, concurrent with the closing of the securities
exchange, the Company completed the closing of a private placement
offering of its 10% convertible promissory notes for gross proceeds
of $2,942,495 (before deducting placement agent fees and expenses of
the offering). The notes sold in the private placement and the
securities into which the notes will be convertible have not been
registered under the Securities Act of 1933 and may not be resold
absent registration under, or exemption from registration under, such
William D. Meadow, Founder and Chief Executive Officer of MVP
Portfolio, commented, "We are pleased to have completed this
securities exchange and related private placement which will enable
us to embark upon efforts to license our technology and commercialize
location based services and geospatial information systems. MVP has
gathered an experienced team of inventors and patent experts who will
focus on licensing our portfolio. We look forward to providing
updates to our shareholders as we achieve future milestones." 
Company Overview:
 MVP is engaged in the business of patent licensing
and supporting commercialization under its intellectual property. The
Company owns a patent portfolio related to online mapping which has
been used in various commercial enterprises by predecessors and
Strategic Approach to the Monetization of MVP Patent Portfolio:
intends to attempt to maximize the economic benefits of its
intellectual property portfolio, add significant talent in
technological innovation and enhance opportunities for revenue
generation through the monetization of its assets. Acquisitions
typically involve the ongoing relationship of the original
innovator(s) and owners to help in the continued development of the
portfolio to maximize value. MVP intends to expand its intellectual
property portfolio through both internal development and acquisition. 
About California Gold Corp.:
 California Gold Corp. is an early stage
U.S. public company that has been pursuing a mineral exploration
strategy in the metals mining sector in the Americas. With the
acquisition of MVP, the Company will be changing its business to
focus on patent licensing and commercialization.  
Safe Harbor Statement:
 This press release contains certain
forward-looking statements that are based upon current expectations
and involve certain risks and uncertainties within the meaning of the
U.S. Private Securities Litigation Reform Act of 1995. Words or
expressions such as "anticipate," "plan," "will," "intend," "believe"
or "expect'" or variations of such words and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements are not guarantees of future performance
and are subject to risks, uncertainties, and other factors, some of
which are beyond our control and difficult to predict and could cause
actual results to differ materially from those expressed or
forecasted in the forward-looking statements, including, without
limitation, statements made with respect to expectations with respect
to our lack of profitable operating history, changes in our business,
potential need for additional capital, fluctuations in demand;
changes to economic growth in the U.S. economy; and government
policies and regulations, including, but not limited to those
affecting the Internet, all as set forth in our Annual Report on Form
10-K and most recent Form 10-Q. All forward-looking statements
involve significant risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements, many of which are generally outside the control of
California Gold Corp. and are difficult to predict. California Gold
Corp. undertakes no obligation to publicly update any forward-looking
statements, whether as a result of new information, future events or
Contact Information:
Company Contact
Shea Ralph
Chief Operating Officer
PH: (941) 685-1986
Investor Relations:
Valter Pinto
Alliance Advisors, LLC
PH: (914) 669-0222 x201
Press spacebar to pause and continue. Press esc to stop.