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(July 12, 2018)
CHINCHA ALTA, Peru, July 12, 2018 /PRNewswire/ -- Rain Forest International, Inc. (the "Company") (OTC: RFII), formerly GVCL Ventures, Inc. (OTC: GVCL), announced today that the Company has gone through the mandatory period with a "D" on its former symbol and now trades under the symbol RFII. The Company's new Cusip number is 75080F101.
The Company consummated a Share Exchange Agreement with Rain Forest Nutraceuticals, Inc., a private corporation organized under the laws of the State of Nevada ("Rain Forest"). In accordance with the terms of the SEA, the Company acquired 100% of Rain Forest's shares in exchange for the issuance by the Company of 150,000,000 post reverse stock split shares of its restricted common stock (the "SEA") to the shareholders of Rain Forest resulting in Rain Forest becoming the wholly owned subsidiary of the Company.
The Company has effected a one for two hundred (1:200) reverse stock split and Gerald Neziol has resigned as the sole Director and President/Secretary/Treasurer and has appointed Jose Veliz as the sole Director and President/Secretary/Treasurer. Rain Forest entered into a master license agreement with UVdA S.A.C., a Peruvian third generation family business ("UVdA"), pursuant to which UVdA granted to Rain Forest an exclusive worldwide license and associated rights, excluding South America, to market and sell a line of nutraceutical products based on UVdA's exceptional amazon rain forest grape seed extracts and oils (the "Products"). UVdA is a successful company producing the premium Products with revenues in excess of $1,000,000 and net profits in excess of $400,000 in their last fiscal year.
Jose Veliz, President of the Company, states, "My team and I look forward to duplicating and surpassing the great results my family achieved in South America, to the rest of the world."
About Rain Forest International, Inc.:
Rain Forest International, Inc. (www.rainforestinternational.com), is a business opportunity company with a primary focus on working with and/or acquiring operational companies to work with for the purpose of enhancing shareholder value. Through its wholly owned subsidiary Rain Forest Nutraceuticals, Inc., it markets and sells a line of nutraceutical products based on a premium grape seed extract from the Amazon Rain Forest.
Forward Looking Statements
Undue reliance should not be placed on forward looking statements in this press release. This press release contains forward looking statements that involve risks and uncertainties. Words such as "will", "anticipates", "believes", "plans", "goal", "expects", "future", "intends", and similar expressions are used to identify these forward looking statements. Actual results could materially differ from those anticipated in these forward looking statements for many reasons.
SOURCE Rain Forest International, Inc.
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