The GNS Group Inc. (OTCPK:GNSG) signed a letter of intent agreement to acquire Naples Soap Company from Deanna Wallin and others on June 28, 2021. The GNS Group will purchase 100% of Naples Soap Company’s shares in exchange for shares in The GNS Group. The transaction is subject to due diligence and execution of a definitive purchase agreement. The transaction is expected to close within the next 10 days. The GNS Group Inc. (OTCPK:GNSG) completed the acquisition of Naples Soap Company from Deanna Wallin and others on July 20, 2021. Founder and Chief Executive officer of Naples Soap Company will become largest shareholder of GNSG. Naples Soap Company will operate as wholly owned subsidiary of GNSG.