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Global Consortium, Inc., Issues Corporate Update.
Business
Mar 12 2021
4 min read

Global Consortium, Inc., Issues Corporate Update.

Global Consortium, Inc., Issues Corporate Update.

March 12, 2021, Coconut Creek, FL Global Consortium, Inc., (OTCPINK: GCGXD) would like to announce a Reverse Split of its Common Stock.


Effective today GCGX will trade with a “D” added to the ticker for 20 trading days.  The temporary change to the ticker is a result of a 4000:1 Reverse Stock split that went effective on March 12, 2021.


Due to changes that took place within the OTC markets, the Reverse Split was needed to raise working capital to fund operations of the Company.     


Since May of 2020, the Company has been trying to secure funding for the re-launch of its brand Indulge Oils. 


About Us:


Global Consortium, Inc., owns the brand Indulge Oils which is being manufactured and sold in California.


Global Consortium, Inc., in compliance with SEC regulations, may in the future use social media outlets like Facebook or Twitter and its own website to announce key information in compliance with Reg. FD.


Forward-Looking Statements


This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the United States Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, estimates of services and equipment markets, the release of corporate apps, growth of the platform, target markets, product releases, product demand and, business strategy. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also consider that any investment in securities is at risk.



Details of the Company's business, finances, appointments, and agreements can be found as part of the Company's continuous public disclosure on otcmarkets.com.


For additional information about this release please contact:



Investor Relations:
www.GCGX.ORG
info@GCGX.ORG



Twitter: @Global_GCGXOTC
954-906-0098