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Capital Group Holdings, Inc. Retains BDO Alliance Member, Semple, Marchal & Cooper, to Perform Audits(May 03, 2012)
SCOTTSDALE, AZ -- (Marketwire) -- 05/03/12 -- Capital Group Holdings, Inc. (PINKSHEETS: CGHC) announced today it has entered into a formal audit agreement with Semple, Marchal & Cooper, LLP, one of the preeminent regional Certified Public Accounting firms in the Southwest, to perform an audit of the Company's 2010 and 2011 financial statements.
Semple, Marchal & Cooper, LLP is an Alliance member of BDO, LLP, the seventh largest international accounting firm with nearly 600 member firms worldwide. As an Alliance member, Semple, Marchal & Cooper, LLP has access to the technical resources and the myriad of professional consulting services provided by BDO USA, LLP, and can draw upon these technical resources and consulting services in providing professional services to its clients.
Erik J. Cooper, CEO of Capital Group Holdings and President of OneHealthPass, stated, "We are very pleased to have Semple, Marchal & Cooper as our auditing firm. We have selected a firm that is headquartered locally but that also has a strong regional presence and the additional resources provided by the BDO Seidman Alliance."
The Company has retained Semple, Marchal & Cooper in order to audit the Company's 2010 and 2011 financial statements to help bring the Company back to full SEC reporting status on the OTC Bulletin Board.
Steven Marchal, CPA, Partner of Semple, Marchal & Cooper, LLP, commented, "We look forward to our involvement with Capital Group Holdings and we believe we can provide tremendous value to the company as it transitions back to full SEC reporting status and executes on its business plan with OneHealthPass."
The Company anticipates the 2010 and 2011 audits to be completed by the end of the 2nd Quarter.
About Capital Group Holdings:
Capital Group Holdings, Inc. is an acquirer of fundamentally-sound companies that are market accepted, scalable and demonstrate a quantifiable value proposition. Our focus is Health and Wellness organizations that have a strong market presence, brand awareness and talented and dedicated management teams with the potential to achieve exceptional performance over time. Capital Group Holdings lends its operational support, management approach and financial resources to these companies to achieve improvements in both bottom-line growth and positioning in the marketplace. www.capitalgroupholdings.com
About Semple, Marchal & Cooper, LLP:
Semple, Marchal & Cooper, LLP is one of the pre-eminent regional Certified Public Accounting firms in the Southwest in providing professional accounting, auditing, tax and management consulting services. Our full-service professional firm is dedicated to providing clients with services of the highest quality without compromising our responsibilities to those who rely upon our independence. Our people, their technical breadth, depth, and experience, and our clientele are our greatest strengths.
OneHealthPass (OHP) is a wholly owned subsidiary of Capital Group Holdings, Inc. OneHealthPass is bringing to market a suite of patient-centric telehealth services. OHP contracts with physician networks to provide 24/7 telephone consultations to board-certified physicians. OHP is designed to become an industry standard telehealth platform for the management and administration of patient-centric telemedicine programs. The OHP platform is developed as a central hub so members can access OHP and 3rd party medical services and products that can be managed from virtually anywhere utilizing the telephone, wireless networks and the internet. OHP is currently researching additional strategic marketing agreements and acquisition candidates. www.OneHealthPass.com
Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding Capital Group Holdings, Inc. (fka Oasis Online Technologies Corp.'s) expectations, intentions, strategies and beliefs pertaining to future events or future financial performance. All statements contained herein are based upon current information available to Capital Group Holdings, Inc.'s management as of this date. The business and operations of the Company are subject to substantial risks which increase the uncertainty that forward-looking results will be achieved and actual events or results may vary materially as a result of various important factors including those which management has little or no control. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.
Office Phone Number: 480-998-2100
Erik J. Cooper
Capital Group Holdings, Inc.
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