Progress Watch Corp

March 20, 2014 09:29 ET

Progress Watch Corp. Engages Firm to Audit Financial Statements

MSPC Certified Public Accountants and Advisors, P.C. an independent firm Associated with Moore Stephens International Limited

SENDEN, GERMANY--(Marketwired - March 20, 2014) - Progress Watch Corp., (PINKSHEETS:PROW) has engaged MSPC, Certified Public Accountants and Advisors, P.C. (MSPC) as the Company's independent auditor. The Company is planning to file a registration statement with the Securities and Exchange Commission on Form 10. This registration statement will reflect the new business strategy the Company is pursuing in the mobile broadcasting industry. Because the Company is simply changing its business direction and is not engaging in a reverse merger, the audited financial statements will reflect the historical financial condition and performance when the Company was engaged in the development of high tech movements for watches.

Found in 1944, MSPC is an independent firm associated with the North American Region of Moore Stephens International Limited, an association of more than 300 independent accounting and consulting firms with over 600 offices in 105 countries. MSPC's Public Company and SEC Practice Group has been providing audit services in accordance with the standards of the Public Company Accounting Oversight Board (PCAOB) for more than 30 years. The firm has continually met all of the peer review requirements of the American Institute of Certified Public Accountants (AICPA) with an unqualified opinion for every peer review conducted since 1980. MSPC is a member of the Center for Audit Quality (CAQ). The firm has offices in New York City, NJ, as well as Cranford, NJ.

About Progress Watch Corporation (PINKSHEETS:PROW)

Progress Watch Corporation has been listed on the stock exchange since 1999 under the symbol PROW (OTCPink). It is an investment holding company previously focused on the mechanical movement manufacturing and watch supply businesses. The Company recently announced its plan to diversify into the mobile broadcasting technology market. Progress Watch Corporation is located in Senden, Germany.

This press release contains forward-looking statements that provide current expectations of future events based on certain assumptions. All statements regarding future performance growth, conditions, or developments are forward-looking statements. Actual future results may differ materially from those described in the forward-looking statements due to a variety of factors. The Company expressly disclaims any obligation or undertaking to update these forward-looking statements to reflect any future events or circumstances.

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