Earlier today, Content Checked
Holdings, Inc. (OTCQB: CNCK) announced the release of a letter from the
company’s chief executive office, Kris Finstad, regarding the current status of
the company and other important developments. The letter detailed a number of
milestones – including Content Checked’s recent revenue growth, formation of a
board of advisors and new partnership with Troy Healthcare – as well as the
company’s plans for 2016 and beyond. In particular, Finstad noted the company’s
intent to apply for uplisting to a major exchange, such as the NASDAQ or NYSE,
later this year.
“We believe that uplisting to a
major exchange is the next logical step in attracting a broader base of
worldwide institutions, funds and retail investors to participate in our
future,” noted Finstad. “[A]s we proceed in 2016, we intend to undertake
appropriate corporate, corporate governance and other actions necessary to meet
the qualifications for uplisting to the NASDAQ Capital Market or the NYSE.”
Additional topics covered in
Finstad’s letter to shareholders include:
Revenue Growth – since being
founded in July 2013, Content Checked has leveraged the marketability of its
family of apps to promote strong financial growth; for the six months ended
September 30, 2015, the company’s revenues were $657,850, as compared to no
revenues for the same period of the previous year
Formation of Board of Advisors –
earlier this year, the company formed a board of advisors to provide guidance
to its board of directors and management team; Content Checked recently
appointed Dr. Marc Siegel, a clinical professor of medicine and the medical
director of Doctor Radio on Sirius XM (NASDAQ: SIRI), to its board of advisors
Growing Content Checked Team – the
company’s nutrition team has continued to expand and diversify; Content Checked
currently employees four full-time employees and 10 contractors, strengthening
its knowledge and expertise in the food ingredients, health and nutrition space
Growth Capital Financing – in
September 2015, Content Checked completed a $4.5 million debt financing with
Hillair Capital Investments L.P., an award-winning U.S. fund
New Partnership – in October 2015,
the company announced a partnership with Troy Healthcare through which the two
businesses will use their innovative products to help deliver preventative
information and fast-acting relief to migraine sufferers
Change to Subscription-based
Revenue Model – in an effort to stay ahead of its competition, Content Checked
plans to relaunch and rebrand its products in March 2016, implementing a new
subscription-based service model and offering an updated and improved
experience for core users
Finstad wrapped up the letter by
outlining his optimism regarding the company’s prospects for the months to
come.
“All of us at Content Checked
believe that our market capitalization will continue to grow with improving
underlying company fundamentals,” he stated. “We are a young entrepreneurial
company that is flexible and continues to adapt to our core markets’ and users’
demands, to ensure that we position the company to enhance shareholder value
going forward.”
For more information, visit www.contentchecked.com
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