BOCA RATON, Fla., Nov. 5, 2012 /PRNewswire/ -- Gold Coast Mining Corp. (Pink Sheets: GDSM) announced today that the Company has engaged the certified public accounting firm of Peter Messineo to audit the financials of the Company as of December 31, 2011 and 2010. The audits will be in accordance with generally accepted accounting principles accepted in the United States (GAAP) and meet the standards established by the Public Company Accounting Oversight Board (PCAOB). Once completed, these audits will be part of a Form 10 filing for the registration of GDSM under the Securities Exchange Act of 1934.
Mr. Messineo works with numerous publicly traded companies that trade on the OTCQB. His experience with over the counter publicly traded companies and the requirements of listing on the OTCQB, will allow GDSM the opportunity to work with experienced, knowledgeable professionals necessary to navigate the often confusing, time-consuming process of becoming fully reporting.
Marc Lovito, President of Gold Coast Mining Corp., stated, "Working with a qualified CPA firm was the other important part of the formula needed to get Gold Coast reporting under the Securities Act. We are excited about working with Peter and William to expedite the filing of a Form 10."
As previously announced, GDSM's current priorities include the completion of audits by an SEC qualified auditing firm and the engagement of an SEC qualified law firm to file a Form 10. Their main objective is to complete financial and securities work required in obtaining a potential listing to the OTCQB.
ABOUT GOLD COAST MINING
Gold Coast Mining Corp plans to pursue growth and enhance shareholder value through acquisition opportunities in and out of the mining industry. There are many lucrative mining projects that are sitting idle due to lack of capital and/or financing direction. Gold Coast will seek to capitalize on these opportunities by securing capital, finance consulting, equipment assistance and other financial assistance to these companies/projects.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance.