On March 25, 2020, as a result of a custodianship in Clark County, Nevada, Case Number: A-20-810012-B, Custodian Ventures LLC (‘Custodian') was appointed custodian of Petrone Worldwide, Inc. (the ‘Company'). On March 25, 2020, Custodian appointed David Lazar as the Company's Chief Executive Officer, President, Secretary, Chief Financial Officer, Chief Executive Officer and Chairman of the Board of Directors. David Lazar has been CEO and Chairman of the Company since May 16, 2018.

Mr. Lazar has been a partner at Zenith Partners International since 2013, where he specializes in research and development, sales and marketing. From 2014 through 2015, David was the Chief Executive Officer of Dico, Inc. Since February of 2018, Mr. Lazar has been the managing member of Custodian Ventures LLC, where he specializes in assisting distressed public companies. Since March 2018, David has acted as the managing member of Activist Investing LLC, which specializes in active investing in distressed public companies.

David has a diverse knowledge of financial, legal and operations management; public company management, accounting, audit preparation, due diligence reviews and SEC regulations.