logo


DC Brands International Announces: Significant Progress Achieved
Monday, November 09, 2009 6:31 AM


DENVER, CO -- (Marketwire) -- 11/09/09 -- Today the company DC Brands International, a publicly traded company under the ticker symbol (PINKSHEETS: DCBR), is extremely proud to announce that they have reached a critical point in the completion of their financial audit process. We have been informed that the internal work through 2008 has been completed by our accounting firm and interim numbers have been provided to the auditors to begin their field work this month. 2009 is well under way and is anticipated to be completed within weeks of closing the 4th quarter of this year. Additionally, due to this major milestone being reached, the company has retained the law firm of Lehman & Eilen LLP, located at 50 Charles Lindbergh Blvd, Uniondale, New York, as its outside securities counsel. Our goal is to transform the Company into a fully reporting entity; with the expectation that there will be a favorable impact on not only the Company's share price but that the Company will then be positioned to attempt to move up and off the pink sheets.

Richard Pearce, the Company's CEO, said, "We are very pleased to make this announcement, which essentially means that the untold hours of preparation work and late nights with the accountants are drawing to a close. We did a significant amount of due diligence to find the right legal firm with the type of experience we need to transform and grow as a fully reporting entity. After meeting with the attorneys face to face a few months ago, I was convinced that the attorneys at the firm have the background, experience and reputation we need to guide and assist us as we attempt to move to the next level. Undertaking a task like this while at the same time completing the R&D process and transitioning into the sales and fulfillment stage has required a Herculean effort on behalf of our entire staff and no one has been more frustrated and no one is happier than we are to be reaching this significant milestone which we hope will allow us to focus on our core business."

Pearce continued, "Once completed, it will also alleviate a huge financial burden that we have been financing each month to get through the process. Assuming retail sales at our major retailer King Soopers continue as they have, we should end the fourth quarter with a rather respectable number. The most important note we believe, is the fact that our strategy of focusing on just one major retailer and a select market and getting it right has proven to be, at least in our opinion sound. In what we believe to be record time, we have moved from single facings on the very bottom shelf to eye level and sales have been greatly impacted accordingly.




(0)
No Comments
Post Comment
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
   
 
 
 
 
   
 

  
Related Press Releases
Advertisement
Popular Articles
Advertisement
Partner Center
Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia