The Resource Development group announced in a press release a deal with Michael's mother, Katherine Jackson. Acoording to the press release Resource Development Group, Inc., the strategic partner of Parafin Corp., and Katherine Jackson signed a letter of intent:
"The Resource Development Group, Inc. is internationally oriented and active as an advisory and investment company. The company develops new business concepts for the economy and public infrastructures, offers, as an independent advisor, know-how and capital for start-ups as well as small businesses and develops investment concepts for the financial service sector, banks, re-insurers and pension funds.
The Resource Development Group is happy acknowledge receipt of a signed letter of intent from the Matriarch of the First Family of Music, Mrs. Katherine Jackson. The Parties agreed not to disclose information’s as to terms and conditions. Resource Development Group has consequently given its legal counsel the mandate to begin work on drafting a contractual agreement for Mrs. Katherine Jackson’s legal counsel’s review. A contractual agreement should be reached quickly for a unique venture in 2013."
The Resource Development Group, Inc. is based in Wilmington, Delaware (USA).
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