THOMASVILLE, GA - (NewMediaWire) - September 20, 2023 - GGTOOR, Inc. (OTCMKTS:GTOR) (“GGTOOR, Inc.”, “GTOR”, or the “Company”), an emerging leader in the eSports markets, is pleased to announce that SEC has accepted our offer of settlement in connection with alleged violations of Section 5 arising from our most recent Regulation A Offerings. The fifteen-month investigation ended the evening of September 18, 2023, when the SEC released its order which requires the Company not to violate section 5 in the future and to pay a fine of $40,000. Shareholders can find the Administrative Proceeding File No. 3-21674 at the following link: https://www.sec.gov/files/litigation/admin/2023/33-11236.pdf
John V Whitman Jr. had this to say: “I apologize to our shareholders for being silent for an extended period of time. Based on advice from counsel and because the SEC investigation was Non-Public, I was asked to remain silent. I am pleased the SEC has accepted our offer of settlement and this extended ordeal is over. My focus can now be directed to advancing GGTOOR. Shareholders can expect additional communication from the Company in the form of press releases on a periodic basis."