The Company's audit committee members are all independent directors consisting of
In 2002, he established CMI Credit Market Investments Sarl., an advisory firm active in distressed debt. The Company's Board of Directors has been diligently working to institute updated regulatory and compliance procedures with a focus on establishing and maintaining Disclosure Controls and Procedures ('DC&P'), Internal Control over Financial Reporting ('ICFR'), and other corporate governance protocols in accordance with the regulations and standards of leading public stock exchanges. The Company previously announced its application to list its common shares on the Nasdaq Capital Market in a press release dated
TAAT Chief Executive Officer
Contact:
Tel: 1-833-822-8872
Email: investor@taatusa.com
About
The Company has developed TAAT, which is a tobacco-free and nicotine-free alternative to traditional cigarettes offered in 'Original', 'Smooth', and 'Menthol' varieties. TAAT's base material is Beyond Tobacco, a proprietary blend which undergoes a patent-pending refinement technique causing its scent and taste to resemble tobacco. Under executive leadership with 'Big Tobacco' pedigree, TAAT was launched first in
Forward-Looking Statements
This news release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Often, but not always, forward-looking information and information can be identified by the use of words such as 'plans', 'expects' or 'does not expect', 'is expected', 'estimates', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur, or be achieved. Forward-looking information in this news release includes statements regarding the anticipated performance of TAAT in the tobacco industry, in addition to the following: Potential outcomes from the addition of two new members to the Company's Board of Directors, potential outcomes relating to the planned introduction of regulatory and compliance procedures as detailed in the press release. The forward-looking information reflects management's current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed timeframes or at all. Factors that could cause actual results or events to differ materially from current expectations include: (i) adverse market conditions; (ii) changes to the growth and size of the tobacco markets and (iii) other factors beyond the control of the Company.
The Company operates in a rapidly evolving environment. New risk factors emerge from time to time, and it is impossible for the Company's management to predict all risk factors, nor can the Company assess the impact of all factors on Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking information. The forwardlooking information included in this news release are made as of the date of this news release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law. The statements in this news release have not been evaluated by
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