On January 11, 2016, Robert Blair, submitted a letter of resignation to the Board of Directors of TurnKey Capital Inc. stating that effective January 15, 2016, he resigns his position on the Board of Directors of the Company. Mr. Blair has served as a member of the Board since July 6, 2015. On January 11, 2016, Neil Swartz, submitted a letter of resignation to the Board of Directors of the company stating that effective January 15, 2016, he resigns his position President of the company.

On January 11, 2016, The Board of Directors, by majority written consent, appointed Marc Carrido President of the company effective January 15, 2016. Mr. Carrido was also appointed to serve on the Board of Directors of the Company. Mr. Carrido has executive management experience leading multimillion-dollar companies across diverse industries.