Before the opening bell, Agora Holdings, Inc. (OTC: AGHI)
reiterated its intentions to uplist to the OTCQB Venture Market in the coming
months. In line with this goal, the company has signed an engagement letter
with Bart and Associates, LLC, a Denver-area law firm specializing in
securities and investment-related law, outlining plans to commence preparation
of a Form 10 Registration Statement, followed by ongoing quarterly and annual
reports and 8-K filings. When this process is completed, Agora will be positioned
to offer continuous reporting and improved transparency to its shareholders and
the investment community at large.
“The company is excited about this next milestone,” Dan
Terziev, chief executive officer of Agora, stated in this morning’s news release.
“The filing of the Form 10 and all required audited financials mean that we can
aggressively pursue the move to a more senior exchange.”
Agora’s goal of uplisting has been evident in recent months,
as the company has continued to place focus on auditing its financial
statements. In early April, Agora engaged an independent accounting and
auditing firm, BF Borgers CPA PC, to complete audits of its financial
statements under PCAOB and US GAAP auditing standards. In June, the company
announced the completion of audits stemming from this agreement before posting
the audited findings on the OTC Markets site.
“The Company is moving in a very positive direction,” added
Terziev. “As we keep moving forward, we are confident that our shareholders
will be rewarded given the performance of our company in the marketplace and
its future potential.”
In addition to its ongoing efforts to uplist to the OTCQB
Venture Market, Agora, through subsidiary Geegle Media, continues to make
progress toward the commercial release of its FRAME platform. Upon release,
FRAME will allow companies and individuals to better control their social media
marketing efforts by conveniently distributing brand-relevant messages to a
variety of networks from a single, centralized dashboard. Agora’s management
team expects the introduction of FRAME to “revolutionize the way brands
interact via social media” while providing “long-term value for [Agora]
shareholders.”
According to a report by Simply Measured
(http://dtn.fm/xpY7v), roughly 62 percent of businesses implement social media
management platforms in order to fine-tune and measure the results of social
media marketing campaigns. When combined with the knowledge that an enormous 93
percent of marketers are currently using social media for business, FRAME has
expansive market potential as a solution for businesses, public relations firms
and investor relations agencies to engage customers, track and measure social
media campaign performance, and execute the strategic distribution of branded
content.
For more information, visit www.agoraholdingsinc.com
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