Baristas Files Audited Financials - Moves Forward With Uplisting to Senior Exchange
05 June 2014 - 8:22PM
Baristas Coffee Company, Inc. (OTCPK:BCCI), announced that it has
completed its audited financials which meet PCAOB standards and has
filed its first set of audited financials. The filing of audited
quarterly financials for the period ending March 31, 2014 can be
viewed at
www.otcmarkets.com under Filings and
Disclosures. Baristas will be filing amended audited 10K and
10Q financials for years 2012, 2013 in the next week. Subsequently
the Company will be filing its Registration Statement and will
become fully reporting and will up list accordingly to a senior
exchange.
CEO Barry Henthorn stated: "Becoming fully audited was among the
most significant steps towards moving to a senior exchange and
becoming a fully reporting public company. All legacy adjustments
are now reflected according to PCAOB auditing standards and only
revenues that were completely verifiable through the audit were
recognized. In addition all stock based compensation has been
reflected appropriately of which the Company does not foresee any
upcoming substantial issuances. The processes and accounting review
policies are now in place to allow all future revenues to flow to
the books of the company and to produce and review timely audited
financial statements."
About The PCAOB: The PCAOB is a nonprofit
corporation established by Congress to oversee the audits of public
companies in order to protect the interests of investors and
further the public interest in the preparation of informative,
accurate and independent audit reports. The PCAOB also oversees the
audits of broker-dealers, including compliance reports filed
pursuant to federal securities laws, to promote investor
protection.
About Baristas Coffee Company (BCCI):
Headquartered in the Seattle, Washington area, Baristas Coffee
Company, Inc. was formed to create a national brand of drive-thru
espresso stands. BCCI is accomplishing this by acquiring
established businesses that fit its model, opening new locations,
and by franchising. Baristas has separated itself from the
competition with its "theme" of joining attractive female baristas
in entertaining costumes preparing the finest beverages available
on the market. Baristas Coffee Company, Inc. is currently traded
publically under the symbol "BCCI:OTCPK". Baristas has made formal
application to the NASDAQ Capital Markets, and has been reserved
the symbol "BAPI" for trading once it has completed the
process. Baristas can currently be found throughout greater
Seattle as well as in Florida, and Montana. Baristas is also
opening a full service Bar and grill in Knoxville TN. Your state,
Coming Soon! For more information on this fascinating concept
please visit us at www.baristas.tv
CONTACT: For Investor Relations Contact:
Barry Henthorn
barry@baristas.tv
(206)579-0222
Baristas Coffee (CE) (USOTC:BCCI)
Historical Stock Chart
From Sep 2024 to Oct 2024
Baristas Coffee (CE) (USOTC:BCCI)
Historical Stock Chart
From Oct 2023 to Oct 2024
Real-Time news about Baristas Coffee Company Inc (CE) (OTCMarkets): 0 recent articles
More News Articles