$BRYN Excelsior Revenue Grows by 346% in 2022 First QuarterPress Release | 05/17/2022
Excelsior Solutions Corporation (OTC Markets: BRYN) is pleased to announce that its revenue grew by 346 percent in the first quarter of 2022.
The increase in revenue is attributed to two reasons.
First of all, the 2022 first quarter financials included the financials from the latest acquisition, Touchstone International Business Services Ltd. Touchstone was acquired in April of 2021.
More importantly Excelsiors subsidiaries Integral Transfer Agency Inc., Integral Transfer Agency USA, Inc., and Touchstone International Business Services Ltd. all experienced significant increases in sales revenue.
At the same time:
the companys operating loss was reduced from $72,051 on March 31, 2021 to $10,640 on March 31, 2022.
Net cash flow as a positive $2,900 vs a negative 62,954 from the same period in 2021.
Mr. Kim Moore, Excelsiors director, re-iterated that the demand by private companies to list on a stock exchange in order to attract capital has continued into 2022.
Excelsiors clients are listed on several exchanges in North America and Europe.
About Excelsior Solutions
Excelsior Solutions Corporation is dedicated to providing Corporate, Capital and Communication infrastructure to small businesses globally. The objective is to provide our clients with the critical business infrastructure necessary so they can focus on growing their business.
Our four operating subsidiaries provide transfer agency services to both private and public companies around the world, corporate secretarial services and our VybeOffice online business management/communication platform allows companies to manage their businesses remotely.
Excelsior Solutions is traded on the OTC Markets with the trading symbol BRYN.
This press release may contain 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, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the time sat, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release.
