GBBT - GBBT STOCK NEWS

Global Boatworks Holdings, Inc. (GBBT) has initiated a two-year pilot program with the Baltimore Development Corporation (BDC) to support small businesses with below Prime credit scores. This partnership aims to leverage R3 Score’s technology to evaluate loan applications without traditional credit score barriers. BDC's investment in this initiative demonstrates their commitment to an equitable economy, focusing on minority and women-owned businesses affected by historical inequalities. The pilot reflects a broader strategy to integrate innovative data solutions into community lending practices.

Global Boatworks Holdings, Inc. (OTC:GBBT) has engaged Lang Financial Services, Inc. to assist in addressing SEC financial reporting deficiencies as of September 1, 2021. Lanny R. Lang, a seasoned CFO with over 30 years of experience, will work closely with the company's accountants to enhance their financial processes. R3 Score Technologies, Inc., the company’s main software-as-a-service offering, provides contextualized criminal background checks and alternative credit scores aimed at improving opportunities for individuals with criminal histories.

Global Boatworks Holdings (OTC: GBBT) has partnered with Aequo Fund to enhance diversity in real estate development across multiple U.S. cities. The collaboration will utilize R3 Score’s technology for evaluating applicants while focusing on individuals with criminal records or thin credit files. Aequo Fund, backed by GBBT Board Member Ernst Valery, aims to invest over $6.5 million in local development projects. This initiative intends to foster inclusivity by providing mentorship and capital to underrepresented developers, strengthening community ties and promoting equitable growth.

Global Boatworks Holdings (OTC: GBBT) announced a partnership with What’s Next Washington (WNW), a nonprofit focused on workforce inclusion for those with criminal records. This alliance aims to enhance diversity, equity, and inclusion (DEI) efforts for clients using the R3 Score, a tool designed to evaluate job seekers. Starting in April 2021, HR customers will gain access to WNW's technical support and a roadmap for hiring formerly incarcerated talent. CEO Laurin Leonard emphasized the importance of ongoing client support to maximize the impact of R3 Score, enabling companies to tap into a broader talent pool.

Global Boatworks Holdings (OTC: GBBT) announces a partnership with Mission: Launch, Inc. and the Legacy Block network aimed at expanding their Bank on 100 Million initiative. The initiative seeks to enhance financial inclusion for marginalized communities recovering from the pandemic's economic impact. The Legacy Block network has 50,000 members dedicated to supporting social innovators, while R3 Score, a subsidiary, provides a contextualized criminal background and alternative credit score services. This collaboration focuses on mobilizing resources to improve economic opportunities for underserved populations.

Global Boatworks Holdings, Inc. (OTC: GBBT) has appointed DeAnna R. Hoskins and Saad Soliman as independent directors, increasing the board to five members. Both bring extensive expertise in social and criminal justice reform, which will aid the company's mission to support individuals with a criminal history. Hoskins has over 20 years of experience in criminal justice, while Soliman has founded organizations that assist individuals post-incarceration. Their appointments were effective February 12, 2021, signaling a strategic move towards enhancing corporate social responsibility and inclusion.

Global Boatworks Holdings (OTC: GBBT) plans to change its name to R3 Holdings, Inc. and move to ticker symbol RTHI, following a majority vote from shareholders. This decision is part of a rebranding effort to better align with its new focus as a SaaS provider of contextualized criminal background checks, following a share exchange agreement with R3 Technologies on September 23, 2020. The name and symbol changes are pending approval from FINRA, and the company will update on the effective date once available.

The Association for Enterprise Opportunity (AEO) and R3 Score Technologies, Inc. (OTC PINK:GBBT) have launched Endeavor Ready 2.0, a new underwriting tool aimed at community-based lenders. This tool utilizes alternative data points to assist in loan underwriting for entrepreneurs with criminal records. R3 Score, co-founded by a criminal justice advocacy team, aims to create pathways for over 70 million Americans affected by criminal records. Entrepreneurs can benefit from decreased recidivism by accessing capital through this initiative.