CLIC Technology, Inc. Appoints New PCAOB Auditor
CLIC Technology, Inc. (OTC Pink: CLCI) (the "Company"), announced today the appointment of Manohar, Chowdhry & Associates ("MCA") as its new independent PCAOB-registered public accounting firm, effective as of July 31, 2018, replacing East West Accounting Services LLC ("East West"). The Company selected MCA as the result of a search for a PCAOB audit firm experienced in companies with multi-national operations, and which had significant bench strength to provide its services to the Company on a timely basis.
East West's registration with the PCAOB has been revoked as the result of a 2015 audit of an unrelated company. There were no disputes or disagreements between the Company and East West during the time it was the Company's independent registered public accounting firm starting on April 10, 2018 through the date of dismissal.
During the two most recent fiscal years and through the date of the Company's engagement of MCA, the Company did not consult with MCA regarding either (1) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, or (2) any matter that was either the subject of a disagreement (as defined in Regulation S-K Item 304(a)(1)(v)), during the two most recent fiscal years. Moreover, prior to engaging MCA, MCA did not provide the Company with either written or oral advice that was an important factor considered by the Company in reaching a decision to engage MCA as its independent accounting firm.
About CLIC Technology, Inc.: CLIC Technology, Inc., a "Financial Technology" company, is the developer, integrator and marketer of new cutting-edge blockchain products and services. The company is the developer of a revolutionary "blockchain-payment gateway system" that lets consumers use crypto currency to make purchases both online and from brick-and-mortar merchants, and that enables merchants using the gateway to capture more global sales through diverse payment solutions that accept crypto payments in addition to traditional credit cards, bank wires or Euro IBANs, all with immediate settlement in local fiat currencies. Market introduction of the new blockchain-payment gateway system and related services is planned in the coming months in a phased rollout to occur in the United States and other major world markets.
The Company also plans to engage in cryptocurrency mining through its participation in a specific mining pool with a proprietary multi-coin mining capability.
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise.