SFLMaven Continues Plan to Uplist the Company with Audit Committee

Rhea-AI Summary

SFLMaven Corp. announced the formation of an audit committee to review its accounting practices and seek an SEC-approved auditor. The committee will assess current accounting principles, identify suitable auditors, and plan for potential uplisting. CEO Joseph Ladin expressed enthusiasm for enhancing accounting practices to become fully reporting and qualify for a national exchange like NASDAQ. Additionally, the company is raising capital through Reg A+ and considers filing an S1 after completing an audit.

Positive

• Formation of an audit committee to enhance accounting practices.
• Plans for potential uplisting to a larger exchange like NASDAQ.
• Capital raising through Reg A+ for future business initiatives.

Negative

• None.

SFLM Forms Audit Committee to Look at the Company's Accounting Practices and Identify an SEC Approved Auditor

FORT LAUDERDALE, FL, June 28, 2022 (GLOBE NEWSWIRE) -- SFLMaven Corp. (OTC Pink: SFLM), ("SFLMaven" or the "Company") (www.sflmaven.com), a leading provider of high-end luxury goods, recently announced its plans to begin the process of preparing the company for uplisting and acquisitions. See the previous PR Here: SFLM Press Release 6-14-22 and SFLMaven-Continues-Plan-to-Uplist-the-Company-with-Acquisition-Committee

Now the company has placed together a committee of business professionals with accounting knowledge:

• Review the company's current accounting principles and practices with recommendations.
• Identify various auditors that are SEC peer-reviewed that may be a right fit for the company.
• Start a plan for organizing and auditing the company for potential uplisting.
• Explore filing a Form 10 to become Fully Reporting with the Securities and Exchange Commission.

CEO Joseph Ladin said, "I'm really looking forward to implementing the suggested principles and proper accounting practices so that we can become a fully reporting company and potentially uplist to a larger national exchange such as NASDAQ, once we are qualified”.

As previously mentioned, the company is raising capital through its Reg A+. Upon completion of an audit, and becoming a fully reporting company, the company will look at opportunities such as filing an S1, similar to an IPO on a larger exchange.

Look for additional press releases with more details on the plan in the coming weeks and months.

Visit the Company’s eBay store (www.ebay.com/str/sflmavenantiquesjewelryfineart) for more information or to participate in SFLMaven’s upcoming Famous Thursday Night Auction event.

Follow SFLMaven on social media:
Twitter: @sflmaven
Instagram: sflmaven

About SFLMaven
SFLMaven Corp. (OTC Pink: SFLM) is a premium provider of high-end luxury goods to a global base of discerning patrons. Famous for its Thursday Night Auction events on its top-rated eBay store, SFLMaven has driven over $140 million in sales since inception, earning more than 100k positive reviews along the way.

For more information, please visit the Company's website at www.sflmaven.com.

FORWARD-LOOKING STATEMENTS:
This press release may contain forward-looking statements, including information about management's view of SFLMaven Corp.'s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words 'believes,' 'expects,' 'intends,' 'plans,' 'anticipates,' or 'may,' and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of SFLMaven, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on SFLMaven's future results. The forward-looking statements included in this press release are made only as of the date hereof. SFLMaven cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SFLMaven undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by SFLMaven.

Corporate Contact
info@sflmaven.com

FAQ

What is the recent announcement by SFLM related to auditing?

SFLMaven announced the formation of an audit committee to review its accounting practices and identify potential SEC-approved auditors.

What are SFLMaven's plans for uplisting?

SFLMaven aims to implement improved accounting practices to qualify for uplisting to a national exchange like NASDAQ.

How is SFLM raising capital?

SFLMaven is raising capital through its Reg A+ offering, targeting future growth and potential uplisting.

Who is leading the audit committee for SFLM?

The audit committee is composed of business professionals with accounting expertise, as stated by SFLMaven's management.