Q-1 2010 Through Q-3 2012 Audited Financials to be Filed with SEC With 10-K
Rapid Fire Marketing (Pink Sheets: RFMK) announced today that the Company has filed its 3rd quarter financial statement with OTC Markets. This filing is expected to be the last filing with OTC Markets. Q-1 2010 through Q-3 2012 will be filed with the U.S. Securities and Exchange Commission (SEC) upon completion of the 10K audit.
“At this time we are updating and amending the Q-1 2010 through the Q-3 2012 to reflect audited financials. It will be a pleasure to file these with the SEC via Edgar vice OTC Markets. This represents a huge step forward for us,” said Tom Allinder, CEO of Rapid Fire Marketing.
Rapid Fire Marketing’s product sales were $24,116, an increase of 695% over the same period for 2011. Gross profit was up 500% from the same period in 2011 and Rapid Fire Marketing’s loss from operations was down substantially from $1.1M to $431K, better than a 60% improvement. Other highlights include zero long term liabilities, showing a healthy balance sheet for this time period
“It is important to us from a valuation standpoint; we will be the first of the Medical Cannabis/Marijuana Pink Sheet, non reporting companies currently trading on the pinks to get to fully reporting status. This will make our Company much more appealing to prospective investors once we achieve our objective,” Allinder said.
“This has been a long and arduous process. We are nearly there now and we are very close to filing 11 quarters of audited financial statements as well as the 10K with the SEC,” Allinder concluded.
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