Matchaah Holdings Appoints PCAOB Registered CPA Firm to Initiate Audit
March 13 2018 - 01:44PM
InvestorsHub NewsWire
Move Advances Reporting Practices for Heightened
Transparency; Follows Revenue and
Distribution Growth of Key Products; Plans for Growth
MINNEAPOLIS, MN -- March 13, 2018 -- InvestorsHub NewsWire
-- Matchaah Holdings, Inc. (OTC Pink: MCHA)
announced today the engagement of a Public Company Accounting
Oversight Board (PCAOB) independent auditor as the company’s new
certifying accountant. The audit will be conducted as part of a
process in which Matchaah Holdings, Inc. prepares for further
growth and major product introductions in 2018.
The company reached a decision to engage the selected PCAOB
qualified auditor as part of its commitment to provide investors
and the public markets with increased transparency of company
operations as well as in order to prepare for “up-listing,” a
process which requires U.S. GAAP, PCAB-audited financial statements
as a primary requirement.
Matchaah Holdings, Inc. saw significant revenue growth in the
fourth quarter of 2017, due in part to more retail testing of its
first product and the launch of a new MATCHAAH®! brand product into
hundreds of stores throughout the country, including major
retailers such as WinCo Foods and Cost Plus World Market, where
both products were promoted on end caps nationally. That growth and
the newly implemented audit process will prepare the company for
the intended launch of three highly
anticipated new MATCHAAH! brand products this
year.
“2017 was a busy year for Matchaah as the company
refined its branding, price points, promotions and product
offerings for 2018 while solidifying distribution agreements to
prepare for a growing brand portfolio,” said Paul Henson, chief
executive officer, Matchaah Holdings, Inc.
“It’s just the beginning, however. We’re already signed
with several major distribution companies and are preparing for
the introduction, in the second quarter of 2018, of what
we believe will be a category defining product.”
For more information
on MATCHAAH! products, visit www.matchaah.com.
About Matchaah Holdings, Inc.
Matchaah Holdings, Inc. (OTC Pink: MCHA) is a
publicly traded holding company that owns and
operates Matchaah, Inc., owner and distributor of
MATCHAAH! branded products. Matchaah, Inc. produces great
tasting ready-to-drink and ready-to-mix beverage products
that are enhanced with matcha tea. The company
has a mission to bring matcha to the masses by innovating in the
beverage, snack and solubles categories and by creating convenient,
matcha enhanced versions of beverages in both formats that
consumers already love and a variety of exciting and bold new
flavors.
Notes:
Safe Harbor Statement: Forward-Looking Statements are
included within the meaning of the Private Securities Litigation
Reform Act of 1996 All statements regarding our expected future
financial position, results of operations, cash flows, financing
plans, business strategy, products and services, competitive
positions, growth opportunities, plans and objectives of management
for future operations, including words such as "anticipate," "if,"
"believe," "plan," "estimate," "expect," "intend," "may," "could,"
"should," "will," and similar expressions are forward-looking
statements and involve risks, uncertainties and contingencies, many
of which are beyond our control, which may cause actual results,
performance, or achievements to differ materially from anticipated
results, performance, or achievements. We are under no obligation
to (and expressly disclaim any such obligation to) update or alter
forward-looking statements, whether as a result of new information,
future events or otherwise.
Steve Gill612-839-9730steve@ghost-pr.com
Matchaah (CE) (USOTC:MCHA)
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