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SOURCE Baristas Coffee Company Inc.
SEATTLE, March 15, 2013 /PRNewswire/ -- Baristas Coffee Company Inc. (OTCPK:BCCI), a fast growing U.S. based beverage and branded products company, has today announced that it has submitted its application for submission on the NASDAQ stock market. Last week it had received the symbol BAPI to be reserved for trading once the Company completes the application process and comment periods. Baristas will continue to trade under the symbol OTCPK:BCCI until such time as it begins to trade on the NASDAQ Capital Markets.
Baristas will continue to submit additional information and documentation as it is required based on comments from its assigned Listing Analyst and others at NASDAQ who will be assisting in Baristas, assuring that they satisfy all the required qualifications for NASDAQ Capital Markets securities in Rule 4300. Baristas will also need to adhere to the corporate governance standards set by NASDAQ. In addition, Baristas must comply with NASDAQ's requirements relating to audit committees, the director nomination's process, and the compensation of officers, board composition, executive sessions, quorum and code of conduct.
The NASDAQ Capital Market provides companies the required capital in order to grow their business. The NASDAQ Capital Market also provides a listing venue that promises to accommodate the different stages of corporate lives of the companies.
Barry Henthorn CEO commented; "We have now taken another significant step towards Baristas moving from the OTC to the NASDAQ Capital Market. We recognize that there is still a great deal of work that must be completed in order for us to complete the process and that our success is dependent on our ability to complete our goals. As part of the requirement for instance we will be establishing an independent Board of Directors, Audit Committees, and focusing on increasing our shareholders equity. We are fully committed to completing the process, increasing shareholder confidence, providing increased transparency and are looking forward to joining the NASDAQ Capital Markets."
About Baristas Coffee Company (BCCI): Headquartered in the Seattle, Washington area, Baristas Coffee Company, Inc. was formed to create a national brand of drive-thru espresso stands. BCCI is accomplishing this by acquiring established businesses that fit its model, opening new locations, and by franchising. Baristas has separated itself from the competition with its "theme" of joining attractive female baristas in entertaining costumes preparing the finest beverages available on the market. Baristas can currently be found in six greater Seattle area locations as well as in Texas, Florida, Arizona, and Montana. Your state, Coming Soon!
For more information on this fascinating concept please visit us at www.baristas.tv.
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