CARSON CITY, NV -- (Marketwire) -- 11/07/12 -- Rapid Fire Marketing (PINKSHEETS: RFMK) announced today that the Company has filed its 3rd quarter financial statement with OTC Markets. This filing is expected to be the last filing with OTC Markets. Q-1 2010 through Q-3 2012 will be filed with the U.S. Securities and Exchange Commission (SEC) upon completion of the 10K audit.
"At this time we are updating and amending the Q-1 2010 through the Q-3 2012 to reflect audited financials. It will be a pleasure to file these with the SEC via Edgar vice OTC Markets. This represents a huge step forward for us," said Tom Allinder, CEO of Rapid Fire Marketing.
Rapid Fire Marketing's product sales were $24,116, an increase of 695% over the same period for 2011. Gross profit was up 500% from the same period in 2011 and Rapid Fire Marketing's loss from operations was down substantially from $1.1M to $431K, better than a 60% improvement. Other highlights include zero long term liabilities, showing a healthy balance sheet for this time period.
"It is important to us from a valuation standpoint; we will be the first of the Medical Cannabis/Marijuana Pink Sheet, non reporting companies currently trading on the pinks to get to fully reporting status. This will make our Company much more appealing to prospective investors once we achieve our objective," Allinder said.
"This has been a long and arduous process. We are nearly there now and we are very close to filing 7 quarters of audited financial statements as well as the 10K with the SEC," Allinder concluded.
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About Rapid Fire Marketing, Inc.
Rapid Fire Marketing, Inc. is a developer, producer and of vapor inhaler products. The Vapor Inhaler (V.I.) is an innovative and disruptive technology for medical cannabis patients and nicotine and herb users around the world. Rapid Fire Marketing's Vapor Inhalers are smokeless and nearly odor-free giving the "smoker" the flexibility to enjoy use of its units in public places and without the well-known negative health effects of actual smoking. Because the vapor is free of harmful tar, carcinogenic substances and combustion gases present in regular smoking, the Company's vapor inhaler technology will be expanded to include a smoke cessation vapor inhaler that will assist smokers in quitting their habit - a very large potential market. Please visit http://rapid-fire-marketing.com/ and www.thecannacig.com and RFMK's wholly-owned subsidiary Medical Cannabis Management at http://medicalcannabismanagement.com/.
From time to time, the Company may issue news releases that contain "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, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.
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