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.
