13 May BEMG Expediting Plans to Uplist to OTCQB Venture Exchange Due to the Company’s Growth & Substantial Increase in Client Base
SUNRISE, Fla., May 13, 2019 (GLOBE NEWSWIRE) — Beta Music Group, Inc. (OTC Pink: BEMG) and its Subsidiary Get Credit Healthy, Inc. have expedited the company’s plans on becoming a fully reporting SEC issuer and up-listing to the OTCQB venture exchange due to the company’s recent growth and substantial increase in client base. This action is integral to the Company’s efforts to demonstrate heightened transparency to its investors and bring the Company greater visibility and credibility before a substantially larger group of qualified investors.
Salberg & Company, P.A., an auditor registered with the Public Company Accounting Oversight Board (“PCAOB”) has been retained and recently commenced the audit of BEMG financial statements for the year ending December 31, 2018 and December 31, 2017, as well as the review for the period ending March 31st, 2019 in accordance with Generally Accepted Accounting Principles (“GAAP”). Upon completion, BEMG intends to register securities under the Securities Act of 1933 as the first step to becoming an SEC reporting company subject to the periodic reporting requirements of the Securities Exchange Act of 1934, as amended (the Act) which includes annual, quarterly and current Report filings. Subsequent thereto, BEMG’s management intends to move forward with an application to OTC Markets to up-list to the OTCQB venture exchange.
On April 25, 2019, BEMG announced Get Credit Healthy and DriveItAway service agreement to benefit Lyft and Uber drivers’ initial results have been extremely positive and promising. Get Credit Healthy’s platform has been fully integrated into DriveItAway’s platform. Currently, DriveItAway is offering Uber and Lyft drivers access to Get Credit Healthy’s credit coaching resources at no additional cost in order to make the “path to ownership” a little less arduous. The Parties have created https://www.driveitaway.com/wp-content/themes/driveitaway/video/Drive%20It%20Away%20-%20Path%20to%20Ownership.mp4 to promote the service being offered.
On March 13, 2019, BEMG announced Get Credit Healthy and ARIVE’s partnership. ARIVE is the first of its kind mortgage marketplace platform designed to allow independent mortgage originators access to lenders, borrowers, and third-party vendors in a seamless ecosystem. This partnership will have access to over 35,000 potential members associated with “AIME” (Association of Independent Mortgage Experts). AIME provides independent originators with the connections and tools to compete in a crowded marketplace and serve increasingly tech-savvy borrowers nationwide. See https://aimegroup.com/.
Dan Oran, CEO of BEMG stated “We are extremely pleased with the development and growth of Get Credit Healthy. Under the leadership of Elizabeth Karwowski, Get Credit Healthy has established itself as a credible leader and innovator in the lending industry. Market share and customer satisfaction continue to grow.”
The OTCQB market contains a one penny ($0.01) bid price requirement “intended to remove companies that are most likely to be the subject of dilutive stock fraud schemes and promotions”. Each company verifies via an annual OTCQB Certification, signed by the company CEO or CFO, that their company information is current, including information about a company’s reporting status, company profile, information on management and boards, major shareholders, law firms, transfer agents, and IR / PR firms. Investor confidence improves when there is more information about a company’s ownership structure, professional advisors and service providers. This certification will be required for any security newly qualified to be publicly quoted by a broker-dealer under SEC Rule 15c2-11, or when a Pink traded company becomes a current SEC reporting company, beginning May 1, 2014. International Reporting companies are also allowed to upgrade from Pink to OTCQB if they publish their 12g3-2(b) compliant disclosure online and verify their company profile. There is an annual fee for the OTCQB market of $10,000 per year and a one-time $2,500 application fee.