Gourmet’s Choice Coffee Co., Inc. (OTC Bulletin Board: GMCH) announced today an update of the progress, regarding the completion of the Company’s financial statements. The Company delivered its financial documents to the accountants in February of this year. The accounting firm handling the compilation of the financials and bookkeeping was introduced to GMCH by the Company’s auditor. GAAP and SEC rules forbid a company from using the same accountants, for both the internal and external accounting. That is the reason why GMCH is using two accounting firms. The accountants have yet to request any additional information from the Company, regarding the audit. To the best of the Company’s knowledge, the two accounting firms are in contact with each other and in the process of preparing the financial statements. Neither accounting firm has yet to inform the Company of any obstacles, with regard to the completion of the financial statements.
In related news, the Company announced that rumors stating the Company’s accountants are not actively working on the financial statements are completely false.
James Tilton, President of GMCH, stated, “I personally share the frustration with each and every shareholder. I want to assure our shareholders that we are delivering all requested documents, to our accountant, in a timely manner.”
Gourmet’s Choice Coffee Co., Inc., is a United States Holding Company whose strategy is the acquisition of both domestic and international beverage companies that complement its existing business, distribution and product lines.
For further information contact investor relations at 800-324-3464 or visit http://www.gmch.net.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the ability of Gourmet’s Choice Coffee Co., Inc. to accomplish its stated plan of business. Gourmet’s Choice Coffee Co., Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions would be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Gourmet’s Choice Coffee Co., Inc. or any other person that the objectives and plans of Gourmet’s Choice Coffee Co., Inc.
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