Business
GVCL Ventures, Inc. Issues Shareholder Update
GVCL Ventures, Inc. Issues Shareholder Update.
About this update from Rain Forest International Inc
[{"type":"text","content":"\n\n\n\nGVCL Ventures, Inc. Issues Shareholder Update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nGVCL Ventures, Inc. Issues Shareholder Update\nPR Newswire\nPOMPANO BEACH, Fla., Oct. 18, 2017\n\n\n\nPOMPANO BEACH, Fla., Oct. 18, 2017 /PRNewswire/ -- GVCL Ventures, Inc. (the \"Company\") (OTC: GVCL), today announces the termination of the Company's joint venture agreement (the \"Joint Venture Agreement\") with Pyramidion Technology Group, Inc. (\"PYTG\") and continues to pursue new business opportunities in a number of value enhanced industries.\n\nThe Company was not advised by PYTG of PYTG's termination of the Joint Venture Agreement until September 22, 2017.  However, management of the Company concurs with termination of the Joint Venture Agreement since PYTG's contribution to the joint venture was non-existent and its duties and obligations thereunder remained unfulfilled.  Management of the Company has determined the appropriate procedures for dissolution of the joint venture in accordance with the terms of the Joint Venture Agreement but to date, has had no response from PYTG to the Company's proposals.  Management will continue its efforts to ensure termination of the joint venture.\n\nThe Company also announces that it was flagged by the OTC Markets Group (\"OTC Markets\") for promotional activities and labelled with Caveat Emptor.  On September 11, 2017, the Company was advised by OTC Markets of unauthorized, third party promotional activities.  Neither the Company nor any of its affiliates solicited or paid for any investor relations or other third party reports.  The Company has been in communication with OTC Markets regarding this matter.  The Company confirms it is fully compliant with its current reporting requirements.  The Company further confirms it is not nor has been involved in any type of stock promotion activities.\n\nAbout GVCL Ventures, Inc.:\n\nGVCL Ventures, Inc. (www.gvclventures.com), is a business opportunity company with a focus on operational Cannabis, Hemp and CBD companies to work with...