SCOTTSDALE, Ariz., Feb. 07, 2017 (GLOBE NEWSWIRE) -- Cache Elite, Inc. (OTC PINK:ILUS): On January 23rd, 2017, the Company’s Board of Directors approved and began the engagement of D. Brooks and Associates CPA’s, P.A. (the “New Auditor”) to audit its accounting records, along with other required components for 2015 and 2016. D. Brooks and Associates are members of AICPA as well as PCAOB registered. For publicly owned companies to be traded on higher tiers than OTC Pink Current, they must have a minimum of two years of audited financials and start reporting with the SEC. The target date for completion of the Company's comprehensive audits is within the 1st quarter of 2017.
Cache Elite, Inc. CEO, Derrick McWilliams, said, "These review represent the commitment of steps towards the development and transparency of our Company. We are confident that the completion of these audits will put us on the road toward becoming an audited SEC filer to qualify for quotation on the OTCQB market tier wherein we can better accommodate our ambitions."
Rhonda Colombo, COO of Cache Elite, added, "We are committed to our long-term goal to increase the transparency of the company, which in turn increases its value. This audit is consistent with our investor relations plan; we have always put our best foot forward with our clients, and we feel it is time to the same with our shareholders. Cache Elite wants to be fully reporting and transparent in all aspects of our business."
ABOUT CACHE ELITE, INC.
Cache Elite, Inc. (OTC PINK:ILUS) is a forward-thinking retail and service provider. The Company provides homeowners with the latest in 3D designs, decorative hardware, stones and all things kitchen. To learn more about Cache Elite, Inc., please visit our websites at www.eliteknobs.com, www.cachecabinetry.com and www.cacheelite.com. Also follow us on Twitter @cacheelite1.
FORWARD-LOOKING STATEMENTS This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the company's current expectations and are subject to a number of risks, uncertainties and assumptions. The company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the company's filings at OTCMarkets.com.
Contact: Derrick McWilliams firstname.lastname@example.org
Source:Cache Elite Inc.