Gaithersburg, MD, Dec. 30, 2019 (GLOBE NEWSWIRE) -- Verus International, Inc. (“Verus” or the “Company”) (OTCQB: VRUS) announced today that it has engaged CBIZ Mayer Hoffman McCann, LLC (“CBIZ MHM”) as the Company’s new independent registered public accounting firm. Mayer Hoffman McCann P.C. (“MHM”) will provide all attest services, including audit and review services, and CBIZ will provide all non-attest services, including consulting, tax, and advisory services. CBIZ MHM is the financial services division of CBIZ, Inc., and is one of the top ten accounting providers in the United States with over 2,000 professionals nationwide in over 30 offices.
“Engaging a top-tier national public accounting firm will provide investors and financial partners with an added measure of confidence as we continue growing the Company,” explained Verus CEO Anshu Bhatnagar.
Operational Update
Verus is also pleased to announce that it has hired industry veteran Robert Holz to spearhead sales of its candy operations. Mr. Holz most recently served as National Sales Director at Rivo USA, where he managed trade channels for major brands such as Mrs. Fields and Skinny Girl. He has considerable experience gaining shelf space for leading consumer brands across a wide range of retailers, including Kroger, Target, and other major chains. Verus is adding manufacturing capacity and personnel in anticipation of a significant expansion of its Major League Baseball (“MLB”) confectionary sales during 2020.
The Company is completing its packaging designs to reflect 2020 MLB team logos and has successfully transitioned to baseball-themed gummi shapes featuring baseballs, gloves, bats, and hats. Initial feedback from retailers of the baseball-themed gummi shapes has been excellent. Verus will be entering the 2020 MLB season with unique product shapes that will differentiate the line from all other gummi brands.
About Verus International
Verus is a global, emerging multi-line consumer packaged goods (“CPG”) company developing branded product lines in the U.S., South America, and the Middle East. The Company trades on the OTC market (OTCQB: VRUS). Investors can find real-time quotes and market information for the Company on www.otcmarkets.com. Additional information is also available at the Company’s website, www.verusfoods.com, and via the official Twitter feed @Verus_Foods and the Big League Foods subsidiary Twitter feed @BigLeagueFoods.
Safe Harbor Statement
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results could differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Contacts
Investor Contact:
MKR Group Inc.
Todd Kehrli or Mark Forney
vrus@mkr-group.com