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MINNEAPOLIS - March 8, 2018 - Matchaah Holdings, Inc. (OTC Pink: MCHA) announced today the appointment of an independent auditing firm - a Public Company Accounting Oversight Board (PCAOB) registered CPA firm - as the company's new certifying accountant, effective immediately. The firm will audit value and assets as Matchaah Holdings, Inc. prepares for further growth and major product introductions in 2018.
The company reached a decision to engage the selected PCAOB qualified auditor as part of its commitment to provide investors and the public markets with increased transparency of company operations. Recent revenue growth fueled by new product introductions and demand for several highly-anticipated new MATCHAAH® products scheduled for release in 2018 are catalysts in the decision to deploy the considerable resources required to comply with audit protocols and filings.
Matchaah Holdings, Inc. saw significant growth in the fourth quarter of 2017, due in part, to more retail testing of its first product and the launch of a new MATCHAAH brand product into hundreds of stores throughout the country, including major retailers such as WinCo Foods and Cost Plus World Market where both products were promoted on end caps nationally.
"2017 was a busy year for Matchaah as the company refines its branding, price points, promotions and product offerings for 2018 while solidifying distribution agreements to prepare for a growing brand portfolio," said Paul Henson, chief executive officer, Matchaah Holdings, Inc.
"It's just the beginning, however. We're already signed with several major distribution companies and are preparing for the launch, in the second quarter of 2018, of what we believe will be a category defining product."
For more information on MATCHAAH! products visit www.matchaah.com.
About Matchaah Holdings, Inc.
Matchaah Holdings, Inc. (OTC Pink: MCHA) is a publicly traded holding company that owns and operates Matchaah, Inc., owner and distributor of MATCHAAHR® branded products. Matchaah, Inc. produces great tasting ready-to-drink and ready-to-mix beverage products for high growth categories that are infused with premium matcha tea. The company has a mission to bring matcha to the masses by innovating in the beverage and other high growth retail categories and creating convenient, matcha-enhanced versions of beverages and instant mixes that consumers already love and purchase every day, in a variety of exciting flavors that appeal to the masses.
Safe Harbor Statement: Forward-Looking Statements are included within the meaning of the Private Securities Litigation Reform Act of 1996 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.
Company Name: Matchaah Holdings, Inc.
Contact Person: Steve Gill, Communications
Country: United States
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