Effective June 29, 2018, the Board of Directors of the theglobe.com, inc. and the majority of stockholders of the Company appointed Mr. Frederick P. Jones as President, Chief Executive Officer, Chief Financial Officer, and Director of the Company. Mr. Jones will serve as a director until the next annual meeting of stockholders of the Company and until his successor is duly appointed and qualified or until his earlier death, resignation or removal. Mr. Jones will serve as Chairman of the Audit Committee and Compensation Committee.

Fredrick P. Jones has been involved in energy infrastructure, real estate, and oil and gas businesses for approximately 40 years. Mr. Jones was one of the early investors in U.S. shale gas. For approximately the past five years, Mr. Jones has served as the Chief Executive Officer of Fairwood Peninsula Energy Corporation.