PotNetwork Holding Inc. PCOAB Concludes Initial Auditing Requirement for Up-list
December 12 2017 - 8:00AM
InvestorsHub NewsWire
East West Accounting Services Finalizes
Review of 2015 and 2016 Reports, Setting Expectation for
Finalization of Required 2017 Audit by
Mid-January
Ft Lauderdale, FL
-- December 12, 2017 -- InvestorsHub NewsWire
-- 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.
Contact: PotNetwork Holding Inc. Investor Relations: Marisol
Elwell, 1-800-915-3060
investor@PotNetworkHolding.com