Webxu, Inc. (OTC Pink: WBXU) (PINKSHEETS: WBXU) announced today that it has commenced its filing preparations and audit process with Hartley Moore Accountancy Corporation. Webxu also announced today significant growth in the financial performance of its branded subsidiary business unit, BarNone.
In April 2014, Hartley Moore was engaged by Webxu to audit its annual year ends December 31, 2011, 2012 and 2013 and to review the quarterly periods ended March 31, June 30, and September 30, 2012, 2013 and 2014. Hartley Moore is now in the process of conducting its audit and reviews of these time periods for the purposes of bringing Webxu current in its SEC filings. The filings that are being audited are:
Audit of Year Ended December 31, 2011 for Form 10k
Audit of Year Ended December 31, 2012 for Form 10k
Audit of Year Ended December 31, 2013 for Form 10k
Matt Hill, Webxu CEO, said, "We are pleased to see Hartley Moore conducting the audit process to bring Webxu current on its SEC filings. We are confident that with their successful track record as an Auditor of top tier public companies on the OTC, they will help Webxu get up to date in short order."
Webxu's BarNone branded business unit has seen significant improvement since Webxu acquired its assets in May 2013. BarNone has increased its unaudited monthly average revenue by over 66% and increased its unaudited average monthly net profit by 150%. In addition to the rapid increase in financial performance, BarNone has almost doubled its nationwide auto dealer customer base.
Matt Hill further commented, "We are extremely pleased at the substantial progress we have made since we acquired BarNone. BarNone has a long branded history in the auto space and we intend to continue to capitalize on the opportunity to scale rapidly with the improving national auto market. Due to this favorable market timing and the increased performance we have experienced quickly, we anticipate our current growth trend to continue exponentially throughout the remainder of 2014."
About Webxu, Inc.
Webxu, Inc. (OTC Pink: WBXU) (PINKSHEETS: WBXU) is a media company that develops branded consumer websites and acquires and integrates consumer-oriented businesses in the customer acquisition and e-commerce categories. The company also provides marketing solutions for online businesses, media agencies, and marketers. Webxu was founded in 2010 and is based in Los Angeles, CA. For more information about Webxu, visit http://www.webxu.com.
About Hartley Moore
Hartley Moore Accountancy Corporation is a full service CPA firm with offices located in Riverside and Anaheim, California and soon Denver, Colorado, offering accounting, tax consulting and compliance, bookkeeping, payroll, audit and assurance (including 1933 and 1934 Act SEC filings, IPO and other offering transactions), and professional consulting services. For more information on Hartley Moore, visit http://www.hartleymooreaccountancycorporation.com.
BarNone, a subsidiary of Webxu, Inc. (OTC Pink: WBXU) (PINKSHEETS: WBXU), is a premier brand in the automotive industry that provides auto leads to nationwide auto dealers. For more information visit http://www.barnone.com.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Webxu, Inc. or BarNone Media, Inc. to be materially different from the statements made herein.
SOURCE: Webxu, Inc.