Yuka Group Inc. (YUKA)

[pennyfinder]

NEWS OUT!!!

http://www.otcmarkets.com/otciq/ajax/showNewsReleaseDocumentById.pdf?id=12879

Grand Capital Ventures, Inc. CEO, John Correnti, Announces Three-Step Initiative to Enhance
Net Stock Holders Equity
Grand Capital Ventures has maintained its public disclosure on OTC Markets by remaining current in its
filing obligations. This initiative is intended to enhance the value for stockholders. Corporately, Grand
Capital Ventures has recently amended its Articles of Incorporation and Corporate Bylaws to create a
series of Anti-Dilutive, Convertible Preferred Shares to protect its majority stakeholders. These securities
will soon become available to the common shareholders, pending FINRA approval. The objective,
moving forward, is to insulate the stockholders from past, present, or future dilution in the open market
by providing these anti-dilutive securities as a dividend payment. These equity derivatives are restricted
for one year, will turn into a predetermined amount of common stock through issuance resolutions on
the part of Management, and convert at the par value of the public company. Pending FINRA approval,
more clarity will be available on the record date for this corporate action.
The next step in the initiative is for the Company to use these convertible preferred securities as
currency to exchange its derivative liabilities that exist on the financial statements in the form of affiliate
and non-affiliate debt. The Company anticipates that much of its principal affiliate debt will be retired
for these instruments, while the interest will be converted into restricted common stock. The defaulted
interest portion of the mature, secured, third-party non-affiliate debt will be assigned and converted
into equity by their bond holders to remove any future compounding derivative liabilities on the balance
sheet.
The last part of the three-step initiative is to become more transparent as an issuer. Grand Capital
Ventures will pursue a look-back audit of its financial statements through a PCAOB Accounting Firm and
will look to file a Form 10 with the SEC to become fully reporting. The Company anticipates a follow-up
S1 filing soon thereafter so that it’s new found preferred stockholders, who have converted into
a predetermined amount of common stock, can see their securities become freely trading in the
effective that comes from the SEC.
John Correnti, CEO of Grand Capital Ventures, Inc. said, "The three-step initiative is a blueprint to
acquire and attract investment and equity into our company. We have already begun our expansion
plan with the Forward Acquisition of numerous undervalued companies and this program will only help
to accelerate the process which I have previously announced. We will also strengthen investor
confidence by committing ourselves to stock and cash dividends, remove affiliate and non-affiliate debt,
and file audited financial statements so that we can file with the SEC. We also aim to build net
stockholders' equity on the balance sheet. This is a process we are committed to forging ahead with,
and our resolve to complete those tasks are a function of effort, teamwork, and time".
A Company spokesperson further stated, "We have a team of very qualified professionals to implement
this strategy and our mandate, moving forward, while we add sound accounting and legal
representation to make good on this initiative, is to better communicate with our stockholders.
Additionally, Grand Capital Ventures will maintain a transparent dialogue with its investors, as to the
clarity of implementing those objectives. As we meet certain milestones, the investment community will
be more thoroughly aware of this through our disclosures and public records."