Dec 12, 2017, POTN
OTC Disclosure & News Service
PotNetwork Holding, Inc. (OTC Pink: POTN) today announces that the first segment of its auditing requirement has been completed, with 2017’s audit well underway. East West Accounting Services, LLC has satisfied compliance parameters, and expects to have the full audit completed by the second week in January.
The Company has taken this action as an initial step in its strategy to advance to the OTCQB, and long-term goal of achieving a NASDQ Capital Market listing.
“We are very pleased that this segment of the process is completed,” states PotNetwork Holding CEO Rick Goulding.
Registered by the Public Company Accounting Oversight Board (PCAOB), East West Accounting Services provides audit, review and consulting services to smaller capitalized public companies that need to provide financial information with the Security and Exchange Commission.
PotNetwork recently announced the retirement of 300,000,000 common shares held by principal shareholders. This reduction of over half the issued and outstanding common shares will be exchanged for non-trading preferred shares. Upon retirement, this reduction will bring the Company’s current issued and outstanding common shares of 569,920,485 down to a total of 269,920,485 issued and outstanding common shares. Based on earlier reported financial statements with OTC Markets, the Company is on track to exceed its projections set forth for 2017.
About East West Accounting Services, LLC: The CPA firm with a reputation for integrity is located in Miami, Florida and offers audit and assurance services to all kinds of growing businesses and non-profit organizations. When the firm conducts an internal business audit, the goal is to deliver the highest level of assurance to investors and creditors. From due diligence and risk management services, in preparation for merger and strategic acquisition preparation, to audit services for companies seeking to provide financial transparency, all services are designed to reflect an honest and accurate representation of the current financial condition of a spectrum of businesses and organizations.
About Diamond CBD, Inc.: Diamond CBD focuses on the research, development, and multi-national marketing of premium hemp extracts that contain a broad range of cannabinoids and natural hemp derivatives. Diamond CBD’s team consists of hemp industry pioneers and natural product experts, chemists, doctors and scientists, dedicated to producing the finest and purest cannabidiol (CBD) oils. The result is a robust selection considered among the most powerful natural CBD oils, tinctures, edibles, and vape liquids found anywhere. For more information, please visit its website at www.DiamondCBD.com.
About PotNetwork Holding, Inc: PotNetwork Holding, Inc. (OTC Pink: POTN) is a publicly traded company that acts as a holding company for its subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD oils.
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. 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.