Atlanta 1/20/2016 8:00:00 PM
News / Stocks

MissionIR News - Content Checked Holdings, Inc. (CNCK) Updates Investors through Release of CEO’s Letter to Shareholders

MissionIR would like to highlight ContentChecked Holdings Inc. (OTCQB: CNCK), the parent company of a family of mobile applications designed for individuals with specific dietary requirements. Since the official U.S. launch of its first app in early 2015, ContentChecked has continued to build its database of product information obtained from food manufacturers – the database now incorporates 70% of all conventional U.S. products, fully supporting the needs of ContentChecked customers.

In the company’s news,

Content Checked Holdings announced the release of a letter from the company’s chief executive office, Kris Finstad, regarding the current status of the company and other important developments. The letter detailed a number of milestones – including Content Checked’s recent revenue growth, formation of a board of advisors and new partnership with Troy Healthcare – as well as the company’s plans for 2016 and beyond. In particular, Finstad noted the company’s intent to apply for uplisting to a major exchange, such as the NASDAQ or NYSE, later this year.

“We believe that uplisting to a major exchange is the next logical step in attracting a broader base of worldwide institutions, funds and retail investors to participate in our future,” noted Finstad. “[A]s we proceed in 2016, we intend to undertake appropriate corporate, corporate governance and other actions necessary to meet the qualifications for uplisting to the NASDAQ Capital Market or the NYSE.”

Additional topics covered in Finstad’s letter to shareholders include:

Revenue Growth – Since being founded in July 2013, Content Checked has leveraged the marketability of its family of apps to promote strong financial growth; for the six months ended September 30, 2015, the company’s revenues were $657,850, as compared to no revenues for the same period of the previous year.

Formation of Board of Advisors – Earlier this year, the company formed a board of advisors to provide guidance to its board of directors and management team; Content Checked recently appointed Dr. Marc Siegel, a clinical professor of medicine and the medical director of Doctor Radio on Sirius XM (NASDAQ: SIRI), to its board of advisors.

Growing Content Checked Team – The company’s nutrition team has continued to expand and diversify; Content Checked currently employees four full-time employees and 10 contractors, strengthening its knowledge and expertise in the food ingredients, health and nutrition space
Growth Capital Financing – in September 2015, Content Checked completed a $4.5 million debt financing with Hillair Capital Investments L.P., an award-winning U.S. fund.

New Partnership – In October 2015, the company announced a partnership with Troy Healthcare through which the two businesses will use their innovative products to help deliver preventative information and fast-acting relief to migraine sufferers.

Change to Subscription-based Revenue Model – In an effort to stay ahead of its competition, Content Checked plans to relaunch and rebrand its products in March 2016, implementing a new subscription-based service model and offering an updated and improved experience for core users.

Finstad wrapped up the letter by outlining his optimism regarding the company’s prospects for the months to come.

“All of us at Content Checked believe that our market capitalization will continue to grow with improving underlying company fundamentals,” he stated. “We are a young entrepreneurial company that is flexible and continues to adapt to our core markets’ and users’ demands, to ensure that we position the company to enhance shareholder value going forward.”

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.