Xtreme Fighting Championships Corporate Update

Rhea-AI Summary

Xtreme Fighting Championships, Inc. (OTC:DKMR) plans to transition to OTCQB after addressing recent delays in filing its financial reports due to the medical emergency of its auditor, Robert Boyle. Management expects to complete SEC filings, including the Form 10K and Form 10Q, within three weeks. Despite the setbacks, the company remains committed to becoming a leader in the MMA sector, and they have partnered with networks like FOX and HBO. CEO Steve Smith mentioned upcoming significant updates once the filings are current.

Positive

• Plans to move to OTCQB after filing overdue financial reports.
• Partnerships with major networks like FOX and HBO.

Negative

• Delay in financial filings due to auditor's medical emergency.
• Transition to a new audit firm could impact operational processes.

DESTIN, Fla., July 8, 2021 /PRNewswire/ -- Xtreme Fighting Championships, Inc. ("XFC") (OTC:DKMR) has filed to move up to OTCQB and will complete its OTCQB filing once it has become current by filing its Form 10K for 2020 and its Form 10Q for the first quarter for the year 2021.

Over the last three months XFC has been late on filing its financial reports due to a recent medical emergency experienced by Robert Boyle, who is XFC's auditor until 2021 when his medical emergency required XFC to change audit firms and Robert Boyle was relieved of his position.

XFC's management rushed to hire Malone-Bailey as its new audit firm. Management was very surprised by their previous auditor's recent medical emergency. 

Steve Smith, XFC's CEO, explained the result of Mr. Boyle's medical emergency: "We were never contacted by Mr. Boyle's office even after our 10K was actually due to be filed with the Securities and Exchange Commission ("SEC"). Our 10K was late and we later found out that it would take us months to select a new audit firm and bring the new audit firm up to speed on the financial history of the company."

Despite the fact that their auditor's medical emergency caused them to delay their flings with the SEC, XFC's management believes this minor setback will not stop the company from establishing itself as a leader in the MMA sport leagues.

XFC's management expects to complete its SEC filings within the next three weeks and be back on course with its new broadcast partners which include FOX and HBO.

Smith: "We have a significant update that we will release once we are current with OTC Markets."

XFC President Myron Molotky: "The XFC is happy to move forward with our new auditing firm. We will continue to build this company and maintain our momentum in the combat sports world."

About XFC

Xtreme Fighting Championships, Inc. (formerly Duke Mountain Resources, Inc.) is the first publicly traded premier international mixed martial arts ("MMA") organization with offices throughout the United States and South America, trading under the ticker symbol DKMR. Xtreme Fighting Championships ("XFC") is now partnered with the FOX family of networks in the United States, and has previously been carried on some of the largest open television broadcasters in Latin America - Rede TV! as well as HBO, ESPN, NBC Sports Network, Telemundo Universo, Esportes Interativo, Terra TV (the largest internet portal in the world), and UOL - the largest internet portal in Latin America, and premium cable & satellite television network. The XFC has had over 185 exclusively signed fighters, representing over 35+ countries worldwide with even more growth expected. Boasting the signing of The Next Generation of Male & Female Superstars, the XFC is known for entertaining fans with the most action packed MMA events both on television and in stadium venues. The Next Generation of MMA.

Media Contact:
Ed Kapp
ed.kapp1@gmail.com

 

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SOURCE Xtreme Fighting Championships

FAQ

What is the current status of XFC's financial filings for DKMR?

XFC plans to complete its SEC filings, including Form 10K and Form 10Q, within three weeks.

Why did Xtreme Fighting Championships delay their financial filings?

The delay was due to the medical emergency of their former auditor, Robert Boyle.

What are XFC's future plans after moving to OTCQB for DKMR?

XFC aims to establish itself as a leader in MMA and has partnerships with networks like FOX and HBO.

What significant updates can investors expect from XFC?

Investors can expect a significant update once XFC is current with its filings with OTC Markets.