SEATTLE, March 15, 2013 /PRNewswire/ -- Baristas
Coffee Company Inc. (OTCPK:BCCI), a fast growing U.S. based
beverage and branded products company, has today announced that it
has submitted its application for submission on the NASDAQ
stock market. Last week it had received the symbol BAPI to be
reserved for trading once the Company completes the application
process and comment periods. Baristas will continue to trade under
the symbol OTCPK:BCCI until such time as it begins to trade on the
NASDAQ Capital Markets.
Baristas will continue to submit additional information and
documentation as it is required based on comments from its assigned
Listing Analyst and others at NASDAQ who will be assisting in
Baristas, assuring that they satisfy all the required
qualifications for NASDAQ Capital Markets securities in Rule 4300.
Baristas will also need to adhere to the corporate governance
standards set by NASDAQ. In addition, Baristas must comply
with NASDAQ's requirements relating to audit committees, the
director nomination's process, and the compensation of officers,
board composition, executive sessions, quorum and code of
conduct.
The NASDAQ Capital Market provides companies the required
capital in order to grow their business. The NASDAQ Capital Market
also provides a listing venue that promises to accommodate the
different stages of corporate lives of the companies.
Barry Henthorn CEO commented; "We have now taken another
significant step towards Baristas moving from the OTC to the NASDAQ
Capital Market. We recognize that there is still a great deal
of work that must be completed in order for us to complete the
process and that our success is dependent on our ability to
complete our goals. As part of the requirement for instance
we will be establishing an independent Board of Directors, Audit
Committees, and focusing on increasing our shareholders
equity. We are fully committed to completing the process,
increasing shareholder confidence, providing increased transparency
and are looking forward to joining the NASDAQ Capital Markets."
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 can currently be found in six
greater Seattle area locations as
well as in Texas, Florida, Arizona, and Montana. Your state, Coming Soon!
For more information on this fascinating concept please visit us
at www.baristas.tv.
Contact:
Barry Henthorn
barry@baristas.tv
(206) 579-0222
SOURCE Baristas Coffee Company Inc.