Grand Capital Ventures, Inc. Implements Change of Control and Appoints New Board of Directors
Acquisition of Yuka Clothing Inc. brings new direction as Company undergoes corporate restructuring and a refocusing of priorities to Yuka E-commerce
PORT ST. LUCIE, Florida, March 25, 2019 /PRNewswire/ -- Grand Capital Ventures, Inc. (OTC: GRCV) ("the Company") announced today that with the recent appointment of Meir 'Miko' Avitan and Yosef Biton, both principals of the Company's newly acquired subsidiary, Yuka Clothing, Inc., better known in the industry as 'Yuka E-Commerce,' along with a pending refocus of the Company towards Yuka's business model, all current officers and directors of Grand Capital Ventures are in the process of resigning, such that Avitan and Biton shall remain as the sole officers and directors of the Company.
Avitan and Biton bring with them not only a bold vision for the future but the necessary experience to carry it out. As part of the leadership team that built YUKA into a profitable B2B partner, Avitan and Biton are known for delivering brand exposure and e-commerce expertise for their global clients.
"I want to thank our officers and directors for their service on the Board and all of the hard work they put into GRCV in the past," said Avitan. "We believe that the Company is now well positioned to grow significantly for the benefit of both our clients and shareholders."
About Yuka Clothing, Inc.
Yuka is an e-commerce company dedicated to providing strategic sales channels for brands looking to enter or expand in the global e-commerce market. YUKA provides a full spectrum of brand building and sales-and-marketing services to expand a client's brand reach. Services offered include not only comprehensive sales and marketing services, but also operational sales and fulfillment logistics, and product and brand photography.
About Grand Capital Ventures, Inc.
Grand Capital Ventures is a company with a historic focus in the nurturing of companies demonstrating a positive upside while striving to bring new technologies and unique products to their respective markets.
Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may," or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.
CONTACT:
Grand Capital Ventures, Inc.
305-902-9048
SOURCE Grand Capital Ventures, Inc.
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