LOS ANGELES, Nov. 23, 2010 /PRNewswire/ -- Pacific Shore Holdings, Inc. management announced today a plan to move the Company into the public equity markets to expand the business. "A recent test marketing campaign showed demand for our multiple product lines indicating the need for immediate expansion of our Company," states President and Chief Executive Officer Matthew Mills.
The Company will utilize a Reverse Merger as its vehicle to enter the marketplace. The shell company into which Pacific Shore Holdings will merge has been identified with symbol "GSHR.PK" and a binding Letter of Intent is in place. "Once the merger is complete and Pacific Shore Holdings, Inc. is officially eligible for trading on the Over the Counter Bulletin Board (OTC.BB) we believe that we will be in position to attract significant capital investment to provide the Company with the financial resources to begin aggressive product marketing campaigns nationally and expanding the business accordingly," said Pacific Shore Holdings, Inc. Chief Financial Officer Ronald J. Tchorzewski.
Pacific Shore Holdings, Inc. also announced today that it is on the hunt for the right Market Maker to sponsor the Company's application for a trading symbol on the Over-The-Counter Bulletin Board. Once a sponsoring Market Maker is engaged an application will be submitted to the Financial Industry Regulatory Authority ("FINRA").
Pacific Shore Holdings, Inc. also announced today that they have engaged M&K CPAS, PLLC as its independent audit firm. M&K CPAS has recently completed an audit of Pacific Shore through the Company's most recent fiscal year which was December 31, 2009. "We are pleased to have been chosen by Pacific Shore as its audit firm. We also believe our experience and expertise are a good fit for a company such as Pacific Shore," said Casey G. Kinchen, Audit Partner with M&K CPAS, PLLC. Ronald J. Tchorzewski added: "We are excited to be working with M&K CPAS, a firm recognized for its work with a wide range of public and privately held companies."
About Pacific Shore Holdings, Inc.: Pacific Shore Holdings, Inc., a multidivisional corporation, strives to fulfill consumer demands by manufacturing and distributing low cost niche products that are green, clean and safe. For more information, contact Pacific Shore Holdings, Inc. at [email protected] or (818) 998-0996.
Forward-Looking Statements: Certain statements in this press release are forward-looking in nature (within the meaning of the Private Securities Litigation Reform Act of 1995) and accordingly, are subject to risks and uncertainties. The actual results may differ materially from those described or contemplated and consequently, you should not rely on these forward-looking statements as predictions of future events.
SOURCE Pacific Shore Holdings, Inc.