LAGUNA BEACH, Calif., June 20, 2016 /PRNewswire/ -- Code Green Apparel Corp. (CGAC / OTC Pink) is pleased to announce that it has successfully concluded the S1 Registration process with the Security Exchange Commission, reaching Form Effect status as of April 28, 2016.
"This is a huge step forward for Code Green," said George J. Powell, III, CEO of Code Green Apparel. "We have been working diligently since last summer and are thrilled to have completed this thorough review process with the SEC in a very timely manner."
Powell continued, "We remain committed to be as transparent as possible relative to our journey as a company. This voluntary filing of the S1 Registration is consistent with our beliefs. It also creates a great spring board for the release of important data via press releases as well as the variety of ad hoc, quarterly and annual reports we routinely file with the SEC."
Additionally, Code Green Apparel has reached an agreement to retire a debt that has been held by Anubis Capital Partners. Mr. Powell stated, "We appreciate the cooperative efforts of the team at Anubis. They have proven to be a great partner to Code Green throughout the process of repositioning our company. This action clearly demonstrates their commitment." Powell continued, "This event also demonstrates our continued efforts to improve our Balance Sheet as we transition from being pre-revenue into a new exciting stage of revenue generation."
About Code Green Apparel Corp.
Code Green Apparel Corp. is focused on bringing Sustainable Textile Solutions to the "Corporate Marketplace". Code Green Apparel Corp. strives to reduce the negative environmental impact of the apparel industry by designing, manufacturing, distributing and selling apparel products from eco-friendly and sustainable textiles. It supports corporate wear, uniform programs and other sustainability initiatives of companies worldwide by offering a complete line of sustainable apparel and accessories. Code Green is leading the charge into this very important and emerging market segment.
The company is headquartered in Laguna Beach, California. For further questions or comments, please feel free to email our investor relations department (email@example.com).
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SOURCE Code Green Apparel Corp.