PickleJar Confirms Completion of Its Two-Year Audit and Applies for FINRA Name Change
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Company furthers its corporate mission, aiming to expand brand reach and shareholder communications
HOUSTON, TX, March 06, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – PickleJar Entertainment Group (OTC:NREG f/k/a NewRegen, Inc.), a leading Texas-based music and entertainment software company, is pleased to announce the successful completion of a two-year audit under PCAOB standards for the year ended December 31, 2022 and for the period from inception through December 31, 2021. The audit was conducted by Fruci & Associates (“Fruci”), an Independent PCAOB registered Public Accounting Firm known for its expertise in accounting and auditing. Additionally, the Company is in the application process for name and ticker change with FINRA (the "Financial Industry Regulatory Authority" corporation).
"I am immensely proud of our team and the associates at Fruci who have continuously worked together over the past months in getting the audit completed. Throughout this process, the PickleJar executive team has continued to work diligently behind the scenes to drive our business forward, advance our technology footing in our core lines of business and develop new opportunities and partners,” said Jeff James, PickleJar’s chief executive officer.
The completion of the audit is a significant milestone for PickleJar as it emphasizes the company's commitment to corporate governance, the highest accounting standards, and transparency to its shareholders. The primary purpose of the audit was to pave the way for PickleJar to strategize its process and timing for expanding both capital partners and attracting a larger shareholder base. The Management team continues to perform due diligence on planned acquisitions, execute on the core lines of business, and work with institutional investors and advisors to finance growth plans for 2024. The Company’s 2024 audit is already underway with the goal of achieving fully reporting status; PickleJar has adopted NREG’s fiscal year of January 31.
Additionally, the corporate action of the name change represents the new chapter for the company as it allows the new name, PickleJar Entertainment Group, and ticker to shed any connection to the prior business entity, which had nothing to do with the Company’s current and future focus. The PickleJar Management believes the move is a watershed event and will eliminate confusion among existing and future stakeholders.
“We will continue our transparency with our Shareholders and look forward to the next steps of our name change with FINRA to better reflect the true value of our Company to the market,” James continued. “I would like to thank our shareholders for their patience through this process and continued support which means so much to the entire PickleJar team.”
For more information about the Company visit:
Our OTC Markets Profile: https://www.otcmarkets.com/stock/NREG/overview
Our website is: https://picklejar.com or https://investors.picklejar.com
Our Twitter account is: https://twitter.com/picklejarlive
ABOUT PICKLEJAR ENTERTAINMENT GROUP
PickleJar unlocks the potential of shared entertainment experiences through an integrated suite of software and services designed to inspire human creativity and enrich lives. Developed for the era of social commerce, we continuously work to advance tools to unify the touchpoints of Fan engagement with emerging Artists, mid-sized venues, and global brands. By embedding secure payment technology, data intelligence and content distribution, PickleJar’s innovative Artist promotion programs, Venue Managed Services and wide range of mobile apps create a 360° view of how Fans and Patrons connect with the music and moments that matter most.
Information about Forward-Looking Statements
This press release contains “forward-looking statements” that include statements regarding expected financial performance and growth information relating to future events. Forward-looking statements include statements with respect to beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the control of the Company and its officers and managers, and which may cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in, or suggested by, the forward-looking statements. Important factors that could cause these differences include, but are not limited to; inability to gain or maintain licenses, reliance on unaudited statements, the Company’s need for additional funding, governmental regulation of the cannabis industry, the impact of competitive products and pricing, the demand for the Company’s products, and other risks that are detailed from time-to-time in the Company’s filings with the United States Securities and Exchange Commission. All statements other than statements of historical fact are statements that could be forward-looking statements. You can typically identify these forward-looking statements through use of words such as “may,” “will,” “can” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “seek,” “estimate,” “continue,” “plan,” “point to,” “project,” “predict,” “could,” “intend,” “target,” “potential,” and other similar words and expressions of the future. PickleJar expresses its expectations, beliefs and projections in good faith and believes that its expectations reflected in these forward-looking statements are based on reasonable assumptions. However, there is no assurance that these expectations, beliefs and projections will prove to have been correct. Such statements reflect the current views of PickleJar with respect to its operations and future events, and are subject to certain risks, uncertainties and assumptions relating to its proposed operations, including the risk factors set forth herein. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, PickleJar actual results may vary significantly from those intended, anticipated, believed, estimated, expected or planned. In light of these risks, uncertainties and assumptions, any favorable forward-looking events discussed herein might not be realized and occur. PickleJar undertakes no obligation to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise. For a more detailed description of the risk factors and uncertainties affecting PickleJar (NREG), please refer to PickleJar recent Securities and Exchange Commission filings, which are available at www.sec.gov.
Anna Benson
3372077103
anna@picklejar.com
FAQ
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