Company Also Increases Transparency and Accessibility
LOS ANGELES, Jan. 30, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — NUGL Inc. (OTC: NUGL) (the “Company”), a one-stop shop for all things cannabis through the intelligent connection of consumers and companies, is pleased to announce that the first audit from the Company’s new independent registered accountants Marcum LLP is nearing completion. The completed audit will precede and is necessary for the Company to pursue fully reporting status through the filing of a Form 10 with the Securities and Exchange Commission.
“Through hard work, strategic acquisitions of publications and listening to our community, our advertising revenue has grown over 15% month over month for the last three months,” stated Brandon Vargas, CEO, NUGL Inc. “The completion of our audit by such a respected firm as Marcum puts us on course to pursue an important next step toward the future and graduation from the pink sheets.”
“As we grow it is important we don’t lose sight of where we are as a business and how much work we have put in to get here. NUGL has to be on top of sales growth but also ever mindful of the imperative compliance and internal operations,” added Vargas.
Accordingly, NUGL has also launched its ‘Open Door Policy’ and posted a link on the NUGL home page, thereby allowing the community of users and investors to know NUGL can always be reached. “As a community in the technology space, a media company with three magazines and as a publicly traded company we get a lot of attention. We want to make sure people have access to us and the business on all levels. That’s just who we are and how our company culture functions. We’re all about the community, transparency and feedback,” stated Bob Waters V.P. of Sales for NUGL.
Additionally, it has come to the attention of NUGL’s management team that there is a third party or parties marketing NUGL’s stock to investors via an online campaign of some proportion. NUGL has not authorized any of the content being distributed and is unaware of who is subsidizing this initiative. NUGL encourages any investor curious about any aspect of the Company to contact us or our investor relations agency directly and to remember that no one can predict future valuations or success for any company including NUGL.
NUGL is the world’s first cannabis search app built for the people, by the people. Our goal is to build the most user-friendly app experience in the cannabis industry by listening to our users and giving them what they want. NUGL is the only cannabis search app that offers equal and unbiased search results. We don’t sell top-spot listings or fake reviews, so our data stays true. Use NUGL to search for genuine user-rated dispensaries, strains, doctors, lawyers, cannabis service providers, vape shops, hydro stores, brands and more. NUGL’s flexible web app has no geographic limitations and can rapidly connect cannabis companies, related vertical services and users. The NUGL iOS and Android app brings a powerful cannabis search tool within reach of anyone, anytime, anywhere with the ease of a smartphone.
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Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: “plans”, “anticipates,” “expects,” “believes” or similar words of like kind. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in the company’s business plan and filings with the OTC Markets Group.
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