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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