Global Boatworks Holdings, Inc. (OTC: GBBT) Engages with External CFO Consulting Firm to Accelerate the Restoration of Its Financial Reporting Gaps with the SEC

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BALTIMORE MD, September 03, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – Global Boatworks Holdings, Inc. (OTC: GBBT) d / b / a R3 Score Technologies, Inc. (the “Company”), today announced that it has engaged Lang Financial Services, Inc., a private management and financial management consulting firm, and its principal, Lanny R. Lang, effective September 1, 2021. The company is a software-as-a-service (SaaS) business solution, designed for 1 in 3 Americans living with Criminal History, which provides a more contextualized criminal history report and alternative credit score for use by businesses of all sizes and from all industries.

“Lanny is a senior executive with over 30 years of experience in public companies linked to the CFO. Lanny will have our full attention and resources and will work directly with our new independent accountants, Rosenberg Rich Baker Berman PA, to accelerate our efforts to address the gaps in the Company’s SEC financial reporting, ”said the President. and Chief Executive Officer Laurin Leonard. “Beyond this focused effort, we look forward to using his valuable perspective and experience to help us and our many stakeholders realize the full potential of R3 Score and achieve key organizational goals in 2022. “

Since 1993, LFSI and Mr. Lang, 63, have provided CFO advisory, restructuring, reverse merger, capital structuring, financial processes and SEC financial reporting services to early stage and emerging companies. Under the agreements with LFSI, Mr. Lang is currently CFO of Farmhouse, Inc. and CFO of House of Jane Inc., two publicly traded companies. Mr. Lang began his career with Price Waterhouse (now PWC) in Minneapolis, Minnesota and received a BA in Accounting from the University of Northern Iowa.

About Global Boatworks Holdings, Inc. and R3 Score Technologies, Inc.

The Company entered into a definitive share exchange agreement with R3 Score Technologies, Inc., based in Baltimore, Maryland, (“R3 Score”) on September 23, 2020. R3 Score is a commercial software solution as that service (SaaS) designed for the 1 in 3 Americans living with a criminal history. R3 Score’s AI-powered financial software platform uses proprietary data-driven scoring designed to unlock valuable new insights about financial services employees and consumers using an 11-based multifactor algorithm. factors assessing character, ability and current choice. R3 Score’s alternative credit score offers more context than traditional criminal background check tools and / or traditional credit scores for use by businesses of all sizes and in all industries. R3 Score products provide decision makers with more actionable data than that available on the open market. To learn more about the R3 score, visit www.R3Score.com.

Forward-looking statements

“The information contained in this document may contain“ forward-looking statements ”. Forward-looking statements reflect our current view of future events. When used in this press release, the words “anticipate”, “believe”, “estimate”, “expect”, “the future”, “intend”, “plan” or the negative of these terms and similar expressions, with respect to us or our management, identify forward-looking statements. These statements include, without limitation, statements in this press release regarding the views of the management of Global Boatworks Holdings, Inc. regarding its business strategy, future results of operations and liquidity outlook and capital resources. Forward-looking statements are based on the Company’s current expectations and assumptions regarding its business, economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult or impossible to predict. The actual results of the Company may differ materially from those contemplated by forward-looking statements. They do not constitute statements of historical facts or guarantees of future performance. We therefore caution you against relying on any of these forward-looking statements. Factors or events that could cause the Company’s actual results to differ may occur from time to time and it is not possible for the Company to predict all of them. The Company cannot guarantee future results, activity levels, performance or achievements. Except as required by applicable law, including United States securities laws, the Company does not intend to update forward-looking statements to conform them to actual results. “

Contact:
[email protected]

Investor Relations Contact:
TraDigital IR
Kevin McGrath
(646) 418-7002
[email protected]


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