R-3 Technologies Inc. Board of Directors Update

CARSON CITY, NV / ACCESSWIRE / March 8, 2023 / The Boards of Directors of R-3 Technologies Inc. (OTC PINK:RRRT) and that of YING Inc. have mutually agreed to rescind and unwind the transaction they had recently entered into effective immediately. The business of YING Inc., shall exit the company and all shares tendered for the business shall be returned to the Treasury of the company, leaving each side exactly as it was the day before the acquisition. Karla Ballard has tendered her resignation as CEO of R3T, also effective immediately.

The two sides concluded that their expectations regarding the viability of their relationship had not materialized. As such, the parties have executed a Rescission Agreement pursuant to which YING Inc. together with all its assets are outside of the company, which is now free to pursue other ventures.

Forward-Looking Statements
Certain statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include but are not limited to statements identified by words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," "projects" and similar expressions. The statements in this release are based upon the current beliefs and expectations of our company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Numerous factors could cause or contribute to such differences, including, but not limited to, the challenges inherent in new industry development initiatives, the effects of competition, our ability to license, our ability to raise additional capital in the future that is necessary to maintain our business, as well as other risks discussed from time to time in our filings with OTC Markets including, without limitation, our Quarterly Report recently filed. We undertake no duty to update any forward-looking statement or any information contained in this press release or in other public disclosures at any time.

CONTACT:
(416) 770-3005

SOURCE: R-ThreeTechnologies Inc.

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