Pyramidion Technology Group, Inc. (“PYTG”, Pyramidion’s or the “Company”) (OTC: PYTG), announcing its Termination of its Joint Venture Agreement (the “Agreement”) with GVCL Ventures, Inc effectively (“GVCL”) in a manner that will allow each party to pursue their respective business interests. The Company has made a decision to concentrate its efforts on its core business opportunities, which would focus its efforts on growing intellectual property platforms and forming synergies through acquisitions or relationships with other companies private or public that have or share similar interests. The termination of the Agreement has been effective as of July 18th, 2017 and was disclosed and or filed on August 14th, 2017 in its recent 2nd quarter financial report with OTC Markets https://www.otcmarkets.com/financialReportViewer?symbol=PYTG&id=177261 by its Board of Directors. In addition, GVCL has been contacted and ordered to make no further reference to PYTG in any of its Press Releases, Filings and any other source of information. The termination of the Agreement is not expected to have a material impact on the Company’s long term vision or mission statement.
“The Company wishes GVCL Ventures the best of luck in its future business endeavors. However, we believe that it is time for PYTG to focus all of its attention on its core opportunities and we believe this will enhance the value of our business,” stated CEO, Carlos Hurtado.
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About Pyramidion Technology Group, Inc.
Pyramidion Technology Group, Inc. OTC Markets (PYTG) is developing a diversified holding company. The purpose of the Company is to facilitate growth through diverse distribution platforms. The Company intends to develop and acquire companies and technologies for its holdings. These platforms will combine natural relationship marketing synergies and distribution methods that enable the combined companies to provide a wide variety of unique and complete solutions to consumers. We believe our overall business model should effectively create a Company of unlimited opportunities.
For more information on PYTG, please visit the Company’s website at https://www.pytginc.com/
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This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/PYTG/filings.
SOURCE Pyramidion Technology Group, Inc
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