Go Green Global Technologies Corp. Announces Quarterly Financial Results and the Resignation of CEO Paul Murdock
September 03 2015 - 11:18AM
Access Wire
Mr. Murdock to Step Down from CEO Position
Immediately
MONROE, CT / ACCESSWIRE / September 3, 2015 /
Go Green Global Technologies Corp. ("Go Green"), (OTC Pink: GOGR)
(PINKSHEES: GOGR), an innovative U.S. water and fuel technology
company, today announces that its Quarterly Disclosure Statement
was posted on the OTC Markets, OTC Disclosure and News Service on
August 15, 2015. Included in the Quarterly Disclosure Statement is
Go Green's Unaudited GAAP Financial Statements for the period
ending June 30, 2015. For the three months ending June 30, 2015
revenue was $3,300. Net loss for the period was $173,279. This
brings year-to-date revenue and net loss to $18,477 and $338,746
respectively. While to Company's Board of Directors recognizes that
the relocation of its manufacturing facility had a negative impact
on sales for the first half of the year, the customer interest in
it's products and adequate finished product inventory on hand
during the first half should've resulted in significantly higher
revenue during the period. Go Green's financial statements for 2014
can be found at http://www.otcmarkets.com/stock/GOGR/filings.
The Company's Board of Directors accepted Mr. Murdock's
resignation as Chief Executive Officer and Chief Operating Officer
on August 26, 2015. Prior to accepting his resignation, the Board
of Directors had been proactively searching for his replacement and
believes that a new Chief Executive Officer hire is imminent. In
the interim, the current Chief Financial Officer and Interim
Chairman of the Board, Mark Del Priore, will handle Mr. Murdock's
duties.
"On behalf of the company's Board of Directors, I would like to
thank Paul for his contributions to the company in the past 18
months," says Interim Chairman of the Board, Mark Del Priore. "The
Board also recognizes that new leadership is needed and we expect
to make an announcement regarding the Chief Executive Officer
position shortly."
About Go Green Global Technologies Corp.
Go Green Global Technologies Corp. (OTC Pink: GOGR) is an
industrial technology company that provides solutions worldwide
utilizing the proprietary patented Sonical(TM) technology for both
non-chemical water treatment and fuel combustion applications. The
Sonical(TM) is a cost efficient and easily installable device that
makes existing fuel and water systems run cleaner and more
efficiently. The company's wholly owned subsidiary, Go Green
Technologies Corp., has a portfolio of intellectual property that
currently includes four globally recognized patents and NSF/ANSI,
UL, and CSA certification. Since inception, the company has focused
on developing and marketing innovative technologies that lead to a
cleaner and more efficient planet. You are invited to visit
www.gogreentechcorp.com for additional information.
Safe Harbor Statement
This release contains "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, as amended,
and such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. “Forward-looking statements” describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan," or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements.
CONTACT:
Investor Contact
Mark Del Priore, CFO
1-800-605-2857
SOURCE: Go Green Global Technologies Corp.
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