Xcelerate
Completes Audit of Consolidated Annual Financial
Statements
MAULDIN, S.C. --
July 29, 2021 -- InvestorsHub NewsWire -- Xcelerate, Inc. (OTC Pink Sheets: "XCRT") today announced the
completion of the audit of its Consolidated Annual Financial
Statements for the fiscal years ending December 31, 2019, and
December 31,2020.
As previously
announced, an independent auditor and
PCOAB registered accounting firm, BF Borgers CPA PC, completed the
audit of the Company's financial statements within the guidelines
of Generally Accepted Accounting Principles (GAAP).
Xcelerate
CEO Michael O'Shea
commented that,
"the completion of the audits is a major step in our previously
announced plan to complete an uplisting to OTCQB or QX, with the
ultimate goal of uplisting to a national
exchange."
ABOUT THE
COMPANY
Xcelerate has
assembled an internationally recognized team of translational
clinicians and engineers to identify, acquire and commercialize medical
IP, engineering advancements and
intellectual property that does not have immediately obvious
applications to medical technology and clinical care. Xcelerate
acquires innovation at the engineering / patent level, marries it
with appropriate early-stage operational med tech companies and
applies it in a controlled clinical care setting which fosters
engineering/clinical/business advancements under one
umbrella.
SAFE
HARBOR
This press
release may contain forward-looking information within the meaning
of Section 21E of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), including all statements that are not
statements of historical fact regarding the intent, belief or
current expectations of the Company, its directors or its officers
with respect to, among other things: (i) the Company's financing
plans; (ii) trends affecting the Company's financial condition or
results of operations; (iii) the Company's growth strategy and
operating strategy; and (iv) the declaration and payment of
dividends. The words "may," "would," "will," "expect," "estimate,"
"anticipate," "believe," "intend," and similar expressions and
variations thereof are intended to identify forward-looking
statements. Investors are cautioned any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, many of which are beyond the Company's
ability to control, and actual results may differ materially from
those projected in forward-looking statements resulting from
various factors.
For more
information about Xcelerate, Inc. please visit company's website;
www.xcelerate.global.
Media contact:
Justin Baronoff 561-750-9800;
justin@transmediagroup.com.
