15 Aug BEMG plans to become a fully reporting SEC Issuer, uplist to the OTCQB and reports record breaking June 30th, 2018 Quarterly Results Press Release |
SUNRISE, Fla., Aug. 15, 2018 (GLOBE NEWSWIRE) — Beta Music Group, Inc. (OTC Pink: BEMG) announces today it plans to retain an independent certified public accountant to audit its financial statements in compliance with Securities and Exchange Commission (“SEC”) Generally Accepted Accounting Principles (“GAAP”) and plans to direct its Company counsel to prepare a Form S-1 Registration Statement to be filed with the SEC, to become fully reporting subject to the filing requirements of Section 15(d) of the Securities Exchange Act of 1934. This action is fundamental 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.
The Company hopes to file Form S-1 during the 4th quarter of 2018.
The Company also announces record breaking June 30th, 2018 quarterly results, a 7.5%. quarter-to-quarter revenue increase compared to March 31st, 2018 The financial statement can be viewed in its entirety at https://backend.otcmarkets.com/otcapi/company/financial-report/199858/content “We believe we’re developing a business model deserving a stronger presence in the financial markets. With strong revenue gains quarter-to-quarter and an increasing market share, we are poised and ready to become a fully reporting SEC issuer. Our continued growth, transparency by audit and registration of our securities with the SEC, sets the stage for several significant developments over the coming quarters. This filing is a pivotal event for us,” stated Elizabeth Karwowski, CEO of BEMG.