Bend, Oregon, Nov. 14, 2016 (GLOBE NEWSWIRE) -- Signal Bay, Inc. (OTCQB: SGBY) a Life Science company and the market leader in cannabis testing and laboratory services is pleased to announce that the Company has been uplisted and approved for trading on the OTCQB Marketplace for early stage and developing U.S. and international companies. The company has also engaged and appointed Christian Carnell, CPA as Chief Financial Officer (CFO).
"With this successful uplist the company is now strategically positioned on the OTCQB Venture Marketplace. We believe that the increased transparency, reporting standards, management certification and compliance requirements of the OTCQB that are representative of our commitment to our shareholders will result in greater liquidity and investor awareness of the Company’s business model" stated CEO William Waldrop.
"This is a validation of the companies continued progress in achieving milestones set out in our business plan" continued Mr. Waldrop, "The Merrill Lynch Research Report “High POTential” on Cannabis Life Science companies published in 2015 identified Signal Bay as a "leading provider" of cannabis lab testing services and opened a lot of eyes in the retail and institutional investor communities to our potential and we are confident this uplist will bring an even deeper level of investor interest and awareness that will benefit the company and our shareholders in the long term".
Signal Bays’ new CFO, Christian Carnell, holds a Bachelor’s degree in accounting from the University of Utah and is a Certified Public Accountant licensed through the state of California. He has over ten years of experience in auditing, accounting and financial reporting and has previously worked with over fifty public issuers providing accounting, financial statement preparation and other general business services on a contract basis.
Mr. Carnell stated “It is a tremendous opportunity to join Signal Bay at such an exciting time. I'm looking forward to helping Signal Bay succeed in the next phases of its growth initiatives and supporting the already tremendous leadership team in place.”
About Signal Bay, Inc.: Signal Bay, Inc. is the Oregon-based Life Sciences company. Through its three subsidiaries: Signal Bay Research, Signal Bay Services and EVIO Labs; the Company provides research, consulting services, and analytical testing services to the legal cannabis industry. The Company's EVIO Labs division operates state-of-the-art testing facilities and offers accredited testing methodologies performed by a qualified team of scientists to ensure the safety and quality of the nation's cannabis supply. Learn more at http://SignalBay.com or the company can be reached directly @ 1-888-544-EVIO.
This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the Securities Act of 1933, as amended, and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements may contain certain forward-looking statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating to future operations and results. Any statements in this press release that are not statements of historical fact may be considered to be forward-looking statements. Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. These forward-looking statements by their nature are estimates of future results only and involve substantial risks and uncertainties, including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, our ability to complete our product testing and launch our product commercially, the acceptance of our product in the marketplace, the uncertainty of the laws and regulations relating to cannabis, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed from time to time in our reports filed with the Securities and Exchange Commission, available at www.sec.gov or https://signalbay.com/investors.