Baltimore, MD - (NewMediaWire) - October 19, 2020 - Global Boatworks Holdings, Inc.(OTC: GBBT), ("Global" or "the Company") today announced that the Company’s Board of Directors obtained the written consent of the holders of a majority of the voting power of the Companyto approve a corporate name change to "R3 Holdings, Inc." and has requested the new ticker symbol “RTHI”. These planned changes are part of the rebranding to accurately reflect the Company's current and future business focus as a SaaS company that provides a more contextualized criminal background check. The intention to change the name and ticker symbol followsR3 Score Technologies, Inc. entering into a Definitive Share Exchange Agreement with Global, which became effective on September 23, 2020.
The proposed Company name and stock trading symbol changes are subject to approval from the Financial Industry Regulatory Authority (“FINRA”). The Company will provide an update of the effective date of the name and ticker symbol change once available.
“Since the closing of our share exchange agreement, we have been operating as R3 Holdings, actively working toward executing our focused growth strategy. Today, we are excited to initiate the process of changing our corporate name and trading symbol to better represent the R3 our team set out to build and toalign the investment community with the strength of the R3 Score brand and the businesses we serve," said Laurin Leonard, R3 Holdings, Inc. CEO and Co-Founder.
About Global Boatworks Holdings, Inc. and R3 Holdings, Inc.
Global completed a definitive Share Exchange Agreement with Baltimore, Maryland based R3 Technologies, Inc.on September 23, 2020. R3 Score’s AI-enabled, financial software platformuses proprietary data-driven scoring designed to unlock new valuable information about employees and financial services consumers utilizing a multi-factor algorithm based on 11 factors assessing character, capacity, and current choice. R3 Score’s software creates a contextualized background report and alternative credit score for use by businesses of all sizes and in every industry. To learn more about R3 Holdings, Inc., visit www.R3Score.com
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