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Mining Power Group, Inc. Returns to Current Status With SEC and Prepares for Uplisting to OTCQB

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Mining Power Group, Inc. Returns to Current Status With SEC and Prepares for Uplisting to OTCQB

PR Newswire

MIAMI, August 1, 2018 /PRNewswire/ --

Mining Power Group, Inc., (the "Company" or "RCGR"), announced today that it had recently filed its 10Q with the Securities and Exchange Commission ("SEC") for the period ended March 31, 2018, and is preparing its filing of its 10Q for the period ended June 30, 2018 which it anticipates to be filed prior to filing deadline. For fiscal 2018, the Company has engaged new auditors, Haynie & Company, PC, Littleton, Colorado, who are responsible for the review of the filings. Separately, the Company has paid the fee and is in the process of submitting its application to OTC Markets in order to uplist to the OTCQB, which it plans to accomplish by September 1, 2018.

Also, per the Company's filings, the Company has a new corporate headquarters address:

Mining Power Group, Inc.

20200 Dixie Highway, Suite 906

Miami, FL 33180

Yaniv Nahon, stated, "We believe that we are building a strong 21st century technology company based on the cutting edge use of blockchain technology, and are confident that this new strategy will add to shareholder value." He added, "Moreover, we are continuing our search for new officers and directors skilled in this area, and opportunities that will expand this enterprise." He added, "Also we are awaiting completion of the corporate action with FINRA in order to update our trading name and stock symbol."

About Mining Power Group, Inc. 

Mining Power Group, Inc. was originally formed as Rich Cigars, Inc. a Florida corporation, in order to distribute, brand and market tobacco products. As a result of the November 2017 change of control, it became a holding company for new subsidiary operations under a change of focus.

Mining Power Group, Inc. is in the process of forming subsidiaries to invest in the development of unique cryptocurrency mining businesses which will operate on a 24/7 basis.

Safe Harbor Statement:

This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Such statements include any that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "likely", "should", "could", "would", "may" or similar words or expressions. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those in such statements, which involve risks and uncertainties, including those relating to the Company's ability to grow. Actual results may differ materially from those predicted and any reported should not be considered an indication of future performance. Potential risks and uncertainties include the Company's operating history and resources, economic, competitive, and equity market conditions. 

Contact:

Mining Power Group, Inc.

(800)304-2657


SOURCE Mining Power Group, Inc.

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