BALTIMORE, MD, Jan. 27, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Global Boatworks Holdings, Inc. (OTC: GBBT), ("Global" or "the Company") announced it has executed a letter of intent (LOI) with Technology Transfer Institute (TTI), the developer of Legacy Block, which has a network of nearly 40,000 people united to collaborate on ways to advance entrepreneurship and opportunity for all of the members. The Company will work with TTI to develop unique datasets enabling machine learning.
Legacy Block uses smart contract technology to democratize entrepreneurship by allowing the nearly 40,000 users to pledge their support to other network members in both the United States and Nigeria. The rapidly expanding network has presented a need for expertise in building a culture of data collection with a double bottom line commitment. “Our network members are eager for a future where they can grow their business as well as contribute to the growth of other entrepreneurs and we are eager to better understand tech-enabled strategies to ensure we are delivering a valuable user experience,” said CEO Anthea Arnasalam of Technology Transfer Institute.
The Company’s subsidiary, R3 Score Technologies, will work with TTI and its leadership to take their unique datasets to better understand the Legacy Block entrepreneurs for future financial products and services. “TTI’s organically formed community presents a very strong data sample for robust machine learning, which is critical to future algorithm development by our team. We believe there are massive learning and product opportunities available as we grow this partnership,” commented Laurin Leonard, CEO, and Co-Founder of GBBT. The GBBT team intends to engage directly with the Legacy Block community to accelerate future consumer product offerings.
About Global Boatworks Holdings, Inc. and R3 Holdings, Inc.
Global completed a definitive Share Exchange Agreement with Baltimore, Maryland based R3 Technologies, Inc. on September 23, 2020. R3 Holdings, Inc. is a SaaS company that provides a more contextualized criminal background report and alternative credit score for use by businesses of all sizes and in every industry. R3’s AI-enabled, financial software platform uses proprietary data-driven scoring designed to unlock new valuable information about employees and financial services consumers utilizing a multi-factor algorithm based on 11 factors assessing character, capacity, and current choice. To learn more about Global Boatworks Holding, visit www.R3Score.com
About Technology Transfer Institute
Technology Transfer Institute (TTI) believes in the power of locally owned and operated startups to transform the way technology serves people. TTI is a team of professionals, executives, entrepreneurs, and change professionals, working to increase upward mobility financial and entrepreneurial opportunities for citizens everywhere. TTI operates an opportunity portal under the Legacy brand.
This press release may contain “forward-looking statements.” Forward-looking statements reflect the current view about future events. When used in this presentation, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this presentation relating to the view of the management of R3 Score Technologies, Inc. (the “Company”) concerning its business strategy, future operating results, and liquidity and capital resources outlook. Forward-looking statements are based on the Company’s current expectations and assumptions regarding its business, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. The Company’s actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Factors or events that could cause the Company’s actual results to differ may emerge from time to time, and the Company cannot predict all of them. The Company cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
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