Global Boatworks Announces Funding Deal

8/30/16

Global Boatworks Holdings Inc. (OTC PINK: GBBT), builder of luxury floating homes, is pleased to announce the closing of an initial round of financing with Tonaquint Inc. The financing calls for an immediate payment of $250,000 minus closing costs and a line of credit for another $250,000.

Global Boatworks CEO Robert Rowe stated, "Global Boatworks is ver y excited about our new relationship with Tonaquint. This new financing package will take care of virtually all of our short term funding needs." Construction of the company's first Florida-based luxury vessel "Luxuria 1" continues to progress. The enormous floor to ceiling windows that make up a great part of the floating home are scheduled to be installed this week. The interior walls and partitions are also now under construction.

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