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Code Green Apparel Corporation Chairman & CEO Issues Letter to Shareholders
Code Green Apparel Corporation Chairman & CEO Issues Letter to Shareholders.
About this update from Code Green Apparel Corp.
[{"type":"text","content":"LAGUNA BEACH, CA / ACCESSWIRE / May 19, 2017 / Code Green Apparel Corp. (OTC PINK: CGAC), a sustainable apparel company that develops, produces, markets and distributes a diversified portfolio of forward-thinking, eco-friendly corporate apparel, uniforms and accessories issued a letter to its shareholders from Chairman & CEO, George J Powell III today. The letter follows:A Letter from the ChairmanMay 19, 2017Dear Shareholders,We just filed our audited Annual Report on Form 10-K for Fiscal Year (FY) 2016. This filing is both a notable milestone from a regulatory standpoint and represents an opportunity to update shareholders on the future of Code Green Apparel Corporation. Due to a series of unanticipated events, we were delayed in filing our 10-K, and we apologize for our tardiness; however, this delay afforded us an unforeseen opportunity to negotiate with our debt holders. Going forward we strive to provide timely reporting as we continue on our quest as a market leading sustainable textile company.We successfully reached numerous milestones worth noting over this past year. The vast majority of our activities produced positive results, prove the tremendous progress as a company and demonstrate the bright future of Code Green. Like any young company, we learned valuable lessons from each and every event, positive and negative, and are very confident we will deliver measurable value for the company and our shareholders in the current Fiscal Year.In FY 2016, we transitioned Code Green Apparel from the Conceptual Stage into the Operating Stage and then into Revenue Stage. We also initiated an S-1 Registration process with the Securities and Exchange Commission (SEC), and we were able to complete that S-1 process receiving Form Effect status from the SEC on April 28, 2016. Prior to FY 2016, our efforts were heavily organizational in nature and were predominantly focused on strategic planning and initial fundraising. Corporate activities included the process of updating corporate registrations, changing the corporate name, changing the trading symbol and creating our initial marketing materials.Our most notable value driven milestones for FY 2016:1. Activated Code Green Apparel in and to the marketplace,2. Solidified market relationships,3. Started product development and manufacturing for new accounts resulting in orders,4. Sh...