Business
Cache Elite, Inc. Provides Corporate Update and Speaks On First Quarter 2017 Financial Results
Cache Elite, Inc. Provides Corporate Update and Speaks On First Quarter 2017 Financial Results.
About this update from Ilustrato Pictures International Inc.
[{"type":"text","content":"Cache Elite, Inc (Pink: ILUS), a diversified technology, E-commerce and design company specializing in the acquisitions of small to mid-size companies, headquartered in the Phoenix Metro region, has issued financial results for the first quarter ended March 31, 2017, as well as a corporate update to highlight the company’s progress since its last quarterly update on March 30, 2017.“During the first quarter, we continued to focus on our audit process, ongoing clients, and possible new acquisition. Our audit process has increased in time due to manpower needed for everyday client interactions and making sure it is correct in all phases. The current projection for completion is at the end of the second quarter beginning of the third. We want to ensure that our financials are GAAP compliant and our systems and operations are in accordance as such. ,” said Derrick McWilliams, Cache Elite Inc. (ILUS) chairman and CEO. “Due to our business strategy relying on long-term lead times our revenues beginning this quarter are split into actual revenues and deferred revenues to be GAAP compliant. When taking this into account Cache Elite Inc., had an adamant quarter and we look to build on this momentum. We remain encouraged by the continued high demand for our products, corporate behind the scenes activity, and we anticipate further positive developments in strategic partnerships during the first half of 2017., further from Derrick McWilliams CEO. ","length":1511,"tagName":"div"}]