OTC DISCLOSURE & NEWS SERVICE
Earth Science Tech, Inc. Completes Audit and Submits Form 10 to Become Fully ReportingPress Release | 05/15/2018
DORAL, Fla., May 15, 2018 (GLOBE NEWSWIRE) -- via NetworkWire – Earth Science Tech, Inc. (OTC:ETST) (“ETST" or the “Company"), an innovative biotech company focused on the cannabidiol (CBD), nutraceutical and pharmaceutical fields as well as medical devices and research and development, is pleased to announce that the audit process has been finalized and the Company has submitted Form 10 to become fully reporting.
In November 2017, the Company announced the engagement of Ben Borgers to audit the year-end financials for 2015 and 2016. After delays and continuous work between the auditors and the Company, the audit has been finalized, filed and utilized in submitting the necessary Form 10 to become fully reporting. The Company has commenced 2017’s fiscal year audit, which will be required to up-list to OTCQB, along with the approved Form 10.
The Company’s new CFO, announced in February, and appointed COO, announced in March, have both been implementing systems to sustain accuracy and efficiency when fully reporting.
The Company’s CEO and Chief Science Officer, Dr. Michel Aube, states, “I am very proud of the hard work done by our team to complete the audits. These efforts will be rewarded by the positive reception of our current and future investors. Transparency is a key tool that we needed to accelerate the growth of our business. Since all of our amazing projects are ongoing with our partners, investor confidence will grow, and we will be able to complete our first big round of financing. We are in touch with institutional and private investors that were waiting for ETST to become a fully reporting company before investing the necessary amount to commercialize our projects. We can now resume our discussions with them.”
Nickolas S. Tabraue, the Company’s president and director, adds, “This is a major achievement for ETST, and becoming a fully reporting OTCQB company is going to open many opportunities while boosting investor confidence. Thanks to our passionate, likeminded team, the transition should be smooth as we continue growing. I look forward to sharing updates on the full reporting process as it progresses.”
