PORT ST. LUCIE, Florida, March 21, 2019 /PRNewswire/ -- The Board of Directors of Grand Capital Ventures, Inc. (OTC: GRCV), ("the Company"), named Meir 'Miko' Avitan as a new Director and as new Chief Executive Officer and Yosef Biton as a new Director and corporate Secretary. Both executives bring years of experience to their roles, giving the Company a strong leadership team.
The announced change of control comes on the heels of the Company's acquisition of Miami-based, e-commerce company Yuka Clothing, Inc. ("YUKA"). Avitan and Biton both formed part of the leadership team that built YUKA into a profitable B2B partner known for delivering brand exposure and e-commerce expertise for their global clients.
"It's exciting for us to now be part of a public company and to be charged with the stewardship of further building the enterprise for the benefits of our team and shareholders alike," said Avitan. "Shareholders can be assured that as a management team, we are committed to Grand Capital Ventures becoming even more of an industry leader in our space while demonstrating our ability to continue to grow revenues and profits each year."
Further details connected to the acquisition will be released shortly.
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.
Grand Capital Ventures, Inc.
SOURCE Grand Capital Ventures, Inc.