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The liquidated damages assessed to the Company which have accrued have been included in its ongoing litigation against its predecessor audit firm, Cowan Gunteski & Co. PA (“Cowan Gunteski”). In the short term the Company intends to discuss the uplisting of its shares, with OTC Markets, to the OTCQB Exchange (a conference call has been set up for Thursday, December 8, 2016 at 2:00 pm EST). Additionally, Tauriga believes being current in its filings with the SEC will aid in financing activities and is hopeful that will be a positive development for the Company and its shareholders. The Company is working diligently to fund its new business initiative in the natural wellness space and well as potential acquisition opportunities that had been previously impractical to contemplate. With respect to the Company’s ongoing litigation against Cowan Gunteski, Tauriga continues to progress towards its goal of trying the case in front of a jury in Federal District Court New Jersey. The Company has been focused on compiling its expert reports to help quantify both direct and collateral damages suffered by shareholders. The Company remains highly confident in the strength of its case as well as the evidentiary records and expects that it will seek at trial, monetary damages that exceed $4,000,000 USD. There can be no guaranty, however, that the ultimate outcome will be successful for the Company.

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