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$AVRW News: Avenir Wellness Solutions Reports Fourth Quarter 2023 Results
New Initiatives Showing Encouraging Results
SHERMAN OAKS, CA / ACCESSWIRE / May 17, 2024 / Avenir Wellness Solutions, Inc. (OTCQB:AVRW) ("Avenir" or the "Company"), a proprietary broad platform technology and wellness company, today announced results for the fourth fiscal quarter ended December 30, 2023.
Key financial highlights for the fourth quarter included the following:
Net revenue in the fourth quarter of 2023 increased to $1.1 million from the same period in 2022 by $0.2 million, or 11.7%, and also increased sequentially from Q3 2023 by $43 thousand, or 4.4%. Overall growth was lower than expected due to the continued delay in receiving the expected remainder of the asset sale proceeds to be used for advertising and marketing to drive sales. The quarter did, however, benefit from a new relationship with leading online and beauty subscription box retailer, FabFitFun.
Gross margin increased 407 basis points year over year in the fourth quarter of 2023 due to improved working capital management offset in part by a higher proportion of sales coming from our wholesale channel of distribution with its lower margins than our higher-margin direct-to-consumer sales channel.
Gross margin for the third quarter of 2023 decreased sequentially from the second quarter of 2023 by 26 basis points due to a shift in sales channel mix with a higher proportion of wholesale sales to Amazon and FabFitFun which resulted in shipments of approximately $0.3 million.
Cost containment initiatives led to a favorable impact on SG&A expenses (excluding non-cash charges) for the fourth quarter with a decrease of $357 thousand in 2023 compared to 2022 driven by decreased spend on advertising and promotion of $325 thousand lower overhead by $32 thousand.
Net operating loss from continuing operations (excluding non-cash charges) improved by $0.9 million in 2023.
"Our products continue to maintain sales levels which is encouraging given that we have been unable to fully execute on our marketing initiatives pending receipt of the balance of the proceeds from the July 2022 asset sale. As mentioned in our third quarter earnings announcement, the proceeds from the July 2022 asset sale allow us to invest in the future of the Company, but the delay in receiving the balance of the proceeds continued to have an impact on our operating performance. We expect accelerating sales will reaffirm the improving overall trajectory of the business. Further, our margin expansion initiatives continue to deliver results with improvement from third quarter, and we continue our overall cost containment initiatives to further reduce SG&A expenses and to maximize operating leverage.
Fine tuning our Search Engine Optimization (SEO), bringing our media buying in house and achieving successful monthly campaigns like theSkimm continue to deliver for us as we execute on our strategy to build our brands," said Nancy Duitch, Avenir CEO.
Operational Highlights
Other operational highlights during the fourth quarter of 2023 included:
Our newly formulated Seratopical Revolution Cracked Heel Souffle was selected for inclusion in FatFitFun's Summer 2024 subscription box selling out an astonishing 80,000 units in under 43 minutes. Click link to view Instagram videos on our Cracked Heel Souffle.
Our DNA Complex hero product continues to perform as our subscription based grows.
Wholesale sales led by Amazon continue to grow with all the positive product reviews.
We began development of our new TikTok shop to capitalize on the evolving digital ecommerce landscape which launched in the second quarter of 2024.
For further details, please visit our website to review our most recent Form 10-K filed on May 17, 2024 at: http://www.avenirwellness.com/sec-filings/
About Avenir Wellness Solutions, Inc.
Avenir Wellness Solutions, Inc. (OTCQB:AVRW) is a broad platform technology company that develops proprietary wellness, nutraceutical, and topical delivery systems which are integrated into our wellness and beauty products and sold directly to the consumer. The technology, which is based on (15) fifteen current patents, offers a number of unique immediate- and controlled-release delivery vehicles designed to improve product efficacy, safety, and consumer experience for a wide range of active ingredients. The Company will continue down the path of creating new technologies that is part of its incubator strategy in order to monetize its intellectual property as well as expand our product lines utilizing the technology. As a vertically integrated platform company, Avenir looks to partner or license its IP technology with wellness companies worldwide. For more information visit: http://www.avenirwellness.com.
About The Sera Labs, Inc.
Sera Labs, a wholly owned subsidiary of Avenir, is a trusted leader in the health, wellness, and beauty sectors of innovative products with cutting-edge technology. Sera Labs creates high-quality products that use science-backed, proprietary formulations. More than 25 products are sold under the brand names Seratopical™, Seratopical Revolution™, SeraLabs™, and Nutri-Strips™. Sera Labs sells its products at affordable prices, making them easily accessible on a global scale. Strategically positioned in the growth market categories of beauty, health and wellness, Sera Labs products are sold direct-to-consumer (DTC) via online website orders, including a subscribe and save option, and also sold online and in-store at major national drug, grocery chains, convenience stores, and mass retailers and on Amazon.com. For more information visit: http://www.seralabshealth.com and follow Sera Labs on Facebook, Instagram and TikTok at @seratopical as well as on X (Twitter) at @sera_labs.
Forward Looking Statement
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which statements are subject to considerable risks and uncertainties. Forward-looking statements include all statements other than statements of historical fact contained in this press release, including statements regarding the future growth and success of our organization. We have attempted to identify forward-looking statements by using words such as "anticipate," "believe," "could," "estimate," "expected," "intend," "may," "plan," "predict," "project," "should," "will," or "would," and similar expressions or the negative of these expressions.
Forward-looking statements represent our management's current expectations and predictions about trends affecting our business and industry and are based on information available as of the time such statements are made. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy or completeness. Forward-looking statements involve numerous known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements predicted, assumed or implied by the forward-looking statements. Some of the risks and uncertainties that may cause our actual results to materially differ from those expressed or implied by these forward-looking statements are described in the section entitled "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as well as in our Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission.
Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable law, we expressly disclaim any intent or obligation to update any forward-looking statements, or to update the reasons actual results could differ materially from those expressed or implied by these forward-looking statements, whether to conform such statements to actual results or changes in our expectations, or as a result of the availability of new information.
CONTACTS:
Investor Relations
Hanover International Inc.
T: (760) 564-7400
E: investor@avenirwellness.com
$IVDN (16 million float) is about to file a banner quarterly report for its fiscal Q2 which will show that sales of its superior Insultex House Wrap product have already exceeded all of the company's results for the full 2023 fiscal year. This has been pre-announced in the last two IVDN news releases:
Innovative Designs Sales Update
May 30, 2024
https://finance.yahoo.com/news/innovative-designs-sales-110000236.html
Innovative Designs Vendor Growth
April 10, 2024
https://finance.yahoo.com/news/innovative-designs-vendor-growth-174255528.html
$MMMW $700 market cap with great new products on the horizon. No toxic debt.
$AVRW looks very undervalued and oversold right now, especially with the high prospects that the company has in play to deliver a record sales growth year in 2024. This was clearly laid out in the latest official company news below.
Avenir Wellness Solutions Issues 2024 Marketing Growth Plans to Shareholders for Seratopical Revolution Skin Care Line with Support from Nicole Kidman and Facial Plastic Surgeon Dr. Michael Persky
New TikTok Shop Ready for Launch to Help Grow Brand Awareness and Product Sales
February 13, 2024
News Link:
https://finance.yahoo.com/news/avenir-wellness-solutions-issues-2024-140000098.html
$SMME: SmartMetric says its Gen4 Self Powered Biometric Finger Scan Card Is Perfectly Designed to Meet the Needs of the 518 Million Credit Cards Issued in the United States
NEW YORK--(BUSINESS WIRE)-- SmartMetric, Inc. (OTC: SMME) A fingerprint scan credit card is a type of biometric card that uses a built-in fingerprint scanner to verify the identity of the cardholder when they try to make a payment. This technology is designed to enhance the security and convenience of credit card transactions, especially for contactless payments as well as standard contact payments and ATM transactions.
Better protection of your data: Unlike PINs, fingerprint data is encrypted and is only stored in the card, bypassing the need for a central database connected to the internet, protecting a card user’s sensitive data from hackers1. Additionally, the technology safeguards against duplicated 2D and rubber fingerprints because it requires electrical capacitive sensing. In addition, the SmartMetric biometric credit/debit card has an inbuilt hardware based live fingerprint detection created by SmartMetric and only available on the SmartMetric biometric credit/debit card.
Even more convenience: Credit cards save consumers time and allow them to pay quickly. With a fingerprint scan credit card, you don’t need to remember or enter a PIN, which can speed up the checkout process and reduce the risk of forgetting or losing your PIN. At the moment the card issuing brands such as Visa and Mastercard are not proposing to eliminate the use of a PIN with a biometric card. Discussion in Europe by Banking regulators is actively talking about the doing away with the widely accepted “insecure” PIN when users use a fingerprint scan credit/debit card. Credit card networks already have the ability to turn off PIN usage which they do for some low-cost transactions such as buying a coffee. Logic would have it as biometric credit cards proliferate non-PIN usage will expand without restriction to fingerprint biometric scan cards.
Works with existing POS infrastructure: SmartMetric fingerprint scan credit cards are compatible with existing point-of-sale terminals that accept chip or contactless payments, so merchants don’t need to invest in new equipment or software to accept them. However, more recent players who are trying to test reader powered finger scan credit cards that rely on the power from the reader are trapped in having their cards not able to work at most Gas Stations, ATM’s and many restaurants that don’t have portable card readers that are brought to the table.
The stark functional deficits of non-self-powered fingerprint scan credit/debit cards compared to the SmartMetric internally powered ready to use at all times and all situations, fingerprint scan card is best explained in the following.
Non-Self Powered Fingerprint Scan Card
Only works when inserted into a card reader therefore limiting use of the card and not able to be used in all card user situations. These cards rely on the user touching the cards fingerprint sensor while the other end of the card with the contact chip is held in the reader. This allows the card to power the fingerprint scan only through the power from the card reader going into the card. So these cards are limited to readers that only partially insert the card into a reader. Otherwise, they have no power of their own to perform a fingerprint scan. Some of the places these none-powered cards will NOT work in are: ATM’s that swallow the card whole Restaurants that do not have a portable card reader but require the card to be taken from the table for transaction processing Gas station pumps that like ATM’s swallow the card whole Transit ticket dispensers that swallow the card whole Parking station ticket machines that swallow the card whole
Non-Self Powered finger scan credit or debit cards require the user to go to a bank branch to have their fingerprint scanned and then transferred onto the card via a secure fingerprint capture device. This is bothersome to the card user. It raises trust issues about having the bank involved in the capture of the user’s fingerprint. For large scale credit issuers that rely on mass mailing of new and replacement credit cards requiring their customers to have to come into a bank branch just will not work.
SmartMetric Self Powered Finger Scan Card
The SmartMetric self-powered finger scan card because it has its own internal rechargeable power, scans the cared user’s finger prior to the card being inserted into a credit card reader. Therefore, the card is able to be used at all existing and types of credit card readers without the stark limitations of the non-self-powered fingerprint scan cards.
The SmartMetric self-powered finger scan card does not require the card user to go into a bank branch to register their fingerprint on the card. Nor does it alternatively need a separate secure card reading device to be sent out to the card user for in home fingerprint download into the card. The SmartMetric finger scan card user simply touches the cards fingerprint sensor four (4) times an instantly their fingerprint is scanned and securely stored inside the card. No user friction. Instant fingerprint capture and store because the card is self-powered and acts immediately as a fingerprint scanner.
Mass credit card issuers who rely on mail distribution for the credit cards need not to change the way they do business. SmartMetric finger scan cards are easily shipped to homes through the mail and without fuss or user friction are easily set up for future card use by the user’s fingerprint.
The SmartMetric self-powered finger scan card works at ALL card readers such as: ATM’s Restaurants that take the card from the table to process (user touches the sensor which turns on the card for up to 8 minutes giving the table server enough time to have the card processed) Gas pumps Parking ticket vending machines Transit ticket vending machines
“Because of the limitations of the user and card issuer experience we believe that trials and testing of the non-self-powered cards under way in Europe are doomed to failure. Much like inferior electric vehicles are failing in the market while Tesla continues to grow exponentially with its model Y becoming the biggest selling vehicle globally. Failed poorly thought-out products fail because no one wants them while it doesn’t distract from new innovations success trajectory when the new innovators get the product to align with customers expectations,” said SmartMetric’s President and CEO, Chaya Hendrick.
It has taken years of research and development to perfect the internal power system within the SmartMetric finger scan card. Millions of dollars in research and development have been invested to create the only card of its kind in the world that will work at all card readers. A card that is simple to download your fingerprint into the card at home without the fear and inconvenience of going somewhere else to have your fingerprint scanned and stored into the card.
The SmartMetric finger scan card is light years ahead and brings the reality of full biometric security technology to the ubiquitous credit and debit card world.
Credit cards still dominate the way consumer make payments. Non credit card payments such as phones account for less than 5% of payment transactions while the majority of transactions are done using either a credit or debit card.
According to a report published by Forbes Adviser on March 9, 2023 “Over the past year, nearly half the population (47.5%) opened at least one new account, bringing the total number of accounts to over 518 million by the end of 2022.” 1
The mass market version of the SmartMetric Gen4 biometric credit card is now under manufacture following the successful testing of the cards new and advanced internal operating system on the new card hardware platform.
Currently the card is under manufacture which involves the electronic assembly and separately the cards lamination turning it into a credit card is underway in Asia. The cards internal software including its operating system has been tested by the SmartMetric group of engineers in Tel Aviv, Israel.
“While we have experienced unbelievable challenges and delays, we are very excited about being able to very soon show our finished mass production biometric finger scan card to the world,” said Chaya Hendrick.
We are protected by issued patents in the United States with pending patents in Asia and Europe and other parts of the World.
By far our biggest patent protection revolves around issued design patents granted by the USPTO (United States Patent and Trademark Office) that grant protection against any product design such as a smart card or credit chip card that has in any one of multiple variations a fingerprint sensor on it. “None of the other biometric card manufacturers who in our opinion are wasting their time with an inferior none self-powered card, will be able to sell such cards in the United States because of the issued patents,” said Chaya Hendrick.
“Design Patents are easily enforced and the owner or licensee of such patents can have offending products seized at a port of entry or at a place of business in the USA without much effort,” said Chaya Hendrick.
Utility patents can take years of legal fighting however design patents are based on does the product look like what is patented in the design patent and if so then it is infringing.
“We are confident that if a Bank in the USA wants to issue biometric finger scan cards in the USA that have a chip and a fingerprint sensor on them, then they will need to deal with SmartMetric,” said Chaya Hendrick.
To view the SmartMetric Biometric Card please follow this link - Video of the SmartMetric Biometric Card.
To view the company website: http://www.smartmetric.com
1 Credit Card Statistics And Trends 2024 – Forbes Advisor
Safe Harbor Statement: Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Also such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to d iffer materially from current expectations include, among others, if we are unable to access the capital necessary to fund current operations or implement our plans for growth; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Investors and security holders are urged to carefully review and consider each of SmartMetric Inc. public filings with the SEC, including but not limited to, if applicable, Annual Reports on Form 10-K, proxy statements, Current Reports on Form 8-K and Quarterly Reports on Form 10-Q.
https://cts.businesswire.com/ct/CT?id=bwnews&sty=20240206872799r1&sid=acqr8&distro=nx&lang=en
View source version on businesswire.com: https://www.businesswire.com/news/home/20240206872799/en/
SmartMetric, Inc.
Chaya Hendrick
Tel: (702) 990-3687
Mobile: (305) 607-3910 (Pacific Time)
ceo@smartmetric.com
http://www.smartmetric.com
Source: SmartMetric, Inc.
EMDF filed an attorney letter this past week on OTC Markets; still not much volume.
EMDF not much volume in a while. Has updated filings on OTC Markets recently through year ended 12/31/22, though, and share structure is TA verified.
$BIEL BioElectronics Clinical Studies: Postoperative Pain & Edema
ZZLL is an undiscovered gem. They started an energy related business in China in 2020 from nothing. It is now producing $78 million in revenue. 1640% revenue growth last year. They are slightly profitable, have nearly .10 a share in cash, trading at .30 currently. Only 2 million in the float. Fully reporting. They rarely issue press releases, so no one know about them. Market cap is $6 million. Even a 1/2 of sales valuation would put them at around $2 a share. I am hoping that eventually the market discovers it, or someone buys them out.
$These 2 otc stocks will.make people multi millionaires, under a penny now, target price is $1.00 Yes a Dollar ?? BUY - $WTII AND - $PHIL SOON WILL HIT 1 DOLLAR ?? LOTS OF MONEY ?? TO BE MADE WITH THESE 2 LUCKY PENNY STOCKS THEN GO TO: PENNYSTOCKHOTPICKS.COM FOR more Hot ?? picks #BUY #PHIL & #WTII
BioElectronics adds two additional distribution partners $BIEL
https://seekingalpha.com/news/3806798-bioelectronics-adds-two-additional-distribution-partners
This is probably the most unheard stock I have ever seen but has such great potential. Do let me know what you think about it
MBH Website
https://www.mbhcorporation.com/
MBH 1H Financial Report Stats:
MBH Corporation (OTCQX:MBHCF): 1H net profit after tax of £1.9M.
Revenue of £49.6M (+81.0% Y/Y)
EBIT increased by 271% to £3.0M vs. £0.8M a year ago.
LINK: https://irp.cdn-website.com/3d13dbd6/files/uploaded/H12021%20unaudited%20financial%20statements%2030%20June21.pdf
MBH Analysis (Pros and Cons)
MBHCF is a holding company which began in 2016 that is actively building a portfolio of profitable, earnings accretive, debt-free small to medium enterprises (SME) that are expected to have a higher-than-normal growth profile as part of a larger organization. The company's operating model leaves management of the acquired companies to operate autonomously and fully accountable to develop and grow their businesses.
Strong financials
The 1H21 report has shown 81% increase in revenue and 271% increase in EBIT. These are great signs about the profitability of this company. Alongside this, the company has a strong and competitive P/e ratio of 8. P/b ratio is also healthy at about 0.3. They have produced surprisingly promising numbers despite the hit taken from Covid-19.
Dividends
The company ended the year in profit despite being heavily disrupted by the Covid-19 virus. The dividend is paid out at $0.0059 per share, which is about 2% of the current share price.
Acquisitions
The company has completed a total of 26 acquisitions so far, with 12 acquisitions in 2020 alone. The rate at which MBH is acquiring companies is impressive, and the acquired companies have very high profitability. MBH has announced on 19 August 2021 that it agreed to the terms for the acquisition of Vista Care Solutions Limited (Vista Care) as the latest step in its extensive acquisition drive. This is the 26th company in Group portfolio and it will be part of MBH's health vertical.
Bullish estimates
Analysts suggest that it could have a price target of $10 based on its financials and projected estimates, resulting in an upside of over 3000%. This price target was reiterated and maintained after the impressive 1H financial report.
Here’s a link to the analyst report:
http://www.hillsresearch.com/wp-content/uploads/2021/10/MBH-1H21.pdf
However, there are still things to consider when looking into such a stock. Here are some things I’m thinking about.
Dilution of shares
The total number of shares outstanding amounted to 70.5M at the end of 2020, up from 39.2M at the end of 2019. Dilution of shares is always a concern as it lowers the EPS. However, it is important to note that the extra shares were issued as payment to acquire companies, so this could very well be a strategic move if these acquisitions generate sufficient profit for MBH. Future profits could also be used to buy back shares to improve EPS. It was announced recently that the company CEO has also just bought back 200000 shares, and has stated that Board members are not allowed to sell any shares. This seems to be a move in the right direction.
Uncertainty about post-Covid situation
We all know how disruptive the Covid-19 situation is, especially to small businesses. It’s not certain if all companies are able to bounce back and operate at their full potential. As such, being an acquisition company, MBH is open to the risk of underperforming if their acquired companies face difficulty in recovering from the situation.
Low volume
The volume can be concerning, as there isn't much coverage for this company and this has resulted in a relatively low trading volume. In the best case, we'll see trading volume pick up as retail and institutional investors come in.
In conclusion, micro-caps are often risky. Whether you enter a position in this stock or not depends on how much you believe in the expansion model and future profitability of MBH.
MBH ESG Rating
MBH Corporation has won five stars for their ESG credentials, getting into the top 1% of the nearly 2,000 businesses in the Support the Goals database. They have achieved this level of commitment through their work with inequality and climate goals. Support the Goals encourages businesses to take responsibility and the organisation expects companies 'to demonstrate how you support the world’s most important action plan'.
This is probably the most unheard stock I have ever seen but has such great potential. Do let me know what you think about it
MBH Website
https://www.mbhcorporation.com/
MBH 1H Financial Report Stats:
MBH Corporation (OTCQX:MBHCF): 1H net profit after tax of £1.9M.
Revenue of £49.6M (+81.0% Y/Y)
EBIT increased by 271% to £3.0M vs. £0.8M a year ago.
LINK: https://irp.cdn-website.com/3d13dbd6/files/uploaded/H12021%20unaudited%20financial%20statements%2030%20June21.pdf
MBH Analysis (Pros and Cons)
MBHCF is a holding company which began in 2016 that is actively building a portfolio of profitable, earnings accretive, debt-free small to medium enterprises (SME) that are expected to have a higher-than-normal growth profile as part of a larger organization. The company's operating model leaves management of the acquired companies to operate autonomously and fully accountable to develop and grow their businesses.
Strong financials
The 1H21 report has shown 81% increase in revenue and 271% increase in EBIT. These are great signs about the profitability of this company. Alongside this, the company has a strong and competitive P/e ratio of 8. P/b ratio is also healthy at about 0.3. They have produced surprisingly promising numbers despite the hit taken from Covid-19.
Dividends
The company ended the year in profit despite being heavily disrupted by the Covid-19 virus. The dividend is paid out at $0.0059 per share, which is about 2% of the current share price.
Acquisitions
The company has completed a total of 26 acquisitions so far, with 12 acquisitions in 2020 alone. The rate at which MBH is acquiring companies is impressive, and the acquired companies have very high profitability. MBH has announced on 19 August 2021 that it agreed to the terms for the acquisition of Vista Care Solutions Limited (Vista Care) as the latest step in its extensive acquisition drive. This is the 26th company in Group portfolio and it will be part of MBH's health vertical.
Bullish estimates
Analysts suggest that it could have a price target of $10 based on its financials and projected estimates, resulting in an upside of over 3000%. This price target was reiterated and maintained after the impressive 1H financial report.
Here’s a link to the analyst report:
http://www.hillsresearch.com/wp-content/uploads/2021/10/MBH-1H21.pdf
However, there are still things to consider when looking into such a stock. Here are some things I’m thinking about.
Dilution of shares
The total number of shares outstanding amounted to 70.5M at the end of 2020, up from 39.2M at the end of 2019. Dilution of shares is always a concern as it lowers the EPS. However, it is important to note that the extra shares were issued as payment to acquire companies, so this could very well be a strategic move if these acquisitions generate sufficient profit for MBH. Future profits could also be used to buy back shares to improve EPS. It was announced recently that the company CEO has also just bought back 200000 shares, and has stated that Board members are not allowed to sell any shares. This seems to be a move in the right direction.
Uncertainty about post-Covid situation
We all know how disruptive the Covid-19 situation is, especially to small businesses. It’s not certain if all companies are able to bounce back and operate at their full potential. As such, being an acquisition company, MBH is open to the risk of underperforming if their acquired companies face difficulty in recovering from the situation.
Low volume
The volume can be concerning, as there isn't much coverage for this company and this has resulted in a relatively low trading volume. In the best case, we'll see trading volume pick up as retail and institutional investors come in.
In conclusion, micro-caps are often risky. Whether you enter a position in this stock or not depends on how much you believe in the expansion model and future profitability of MBH.
MBH ESG Rating
MBH Corporation has won five stars for their ESG credentials, getting into the top 1% of the nearly 2,000 businesses in the Support the Goals database. They have achieved this level of commitment through their work with inequality and climate goals. Support the Goals encourages businesses to take responsibility and the organisation expects companies 'to demonstrate how you support the world’s most important action plan'.
WRR.V gold expo in NV
They have drilled some hot holes and the latest campaign saw them targeting the meat of their deposit. This was in development of a 43-101 compliant resource est. Visible gold was found in at least 2 samples of their 14 holes and folks are expecting some hot ground to be uncovered.
Huge potential with a $7m market cap. 10x longer term
$IVDN: Groundbreaking Advancement in Energy Saving Insulation for the Home Building Markets Plus Unmatched Performance for Winter Clothing: Innovative Designs, Inc. (OTCQB: IVDN)
Click here:
https://www.wicz.com/story/45421148/groundbreaking-advancement-in-energy-saving-insulation-for-the-home-building-markets-plus-unmatched-performance-for-winter-clothing-innovative-designs-inc-otcqb-ivdn
$CYCA Video - Why chose IGAN for Police and Fire ground ops.
Click here:
$antman thanks; The Reason Behind China Dumping The Dollar For Physical
Gold & Silver Is This!! - Alasdair Macleod
2,970 views•Jun 7, 2021
$ACGX has a successful business in the vital packaging industry that is delivering solid growth as shown in the latest report:
Alliance Creative Group (ACGX) Reports Total Revenue of $2,613,997 for First Quarter of 2021 with Net Income of $256,799
2021 Quarterly Net Income increased by $237,206 compared to Q1 2020
CHICAGO, May 14, 2021 /PRNewswire/ -- Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (Stock Symbol OTC: ACGX) is pleased to announce the results of Operations for the Three Months Ending March 31, 2021.
Revenues for the quarter ending March 31, 2021 ("Q1 2021") were $2,613,997
Gross Profits for the quarter ending March 31, 2021 ("Q1 2021") were $550,944
Net Income for the quarter ending March 31, 2021 ("Q1 2021") were $256,799
The total assets on the Balance Sheet for the Alliance Creative Group as of 3/31/21 were $3,587,857.
The total outstanding common shares as of March 31, 2021 ("Q1 2021") were 1,639,611 with 1,149,023 of those shares in the float.
The Company ended the quarter and year with ($7,257) Cash on hand.
Total Stockholder Equity as of 03/31/21 was $1,532,890
The full financial statement, balance sheet, statement of operations, cash flow statement, and disclosure statements are posted on the OTC Market Company website at www.OTCmarkets.com under the stock symbol ACGX in the section for filings and disclosure and on www.ACGX.us in the investor relations section.
Steve St. Louis, CEO of the Alliance Creative Group, Inc., said, "The first Quarter of 2021 ended with our largest Net Income in a long time, mostly due to the PPP forgiveness, but we were able to pay down more liabilities to get us in a stronger position for the future. We will continue to evaluate all our options and ideas to hopefully maintain and improve the positive progress for 2021 and beyond."
About Alliance Creative Group, Inc.
Alliance Creative Group, Inc. (Stock Symbol: ACGX) is a Packaging Solutions Company focused on Retail Packaging and Packaging Management. ACG helps its clients from initial concept and packaging development through final production and managed inventory solutions. The core business has been around since 1997. ACG currently focuses mostly on providing solutions for flexible and clear packaging, folding cartons, vendor managed inventory supply chain services and fulfillment. Additional services include but are not limited to corrugated boxes, commercial printing, labels, and other products and services related to the printing or packaging of consumer products. ACG's team includes experts to provide high-quality packaging and printed products. The ACG experience includes very hands-on operational support out of 6 different warehouse locations and several national and international manufacturing partners. ACG provides customer support during the entire product process or cycle including but not limited to creating, warehousing, delivering, and replenishing their packaging products For more information, visit http://www.AllianceCreativeGroup.com or http://www.ACGX.us.
About PeopleVine
PeopleVine is a consolidated platform that allows businesses to build more personal relationships with their customers at scale. PeopleVine solves the problem businesses have creating and managing holistic relationships with their customers without using multiple products that only support a portion of the relationship building activities. PeopleVine seamlessly brings together the tools needed to market, sell, and operate a business with streamline efficiencies in a customer engagement suite and enables businesses to make data informed decisions to help generate revenue growth.
We are committed to being the most essential and adaptive SaaS engagement platform for companies that take a customer centric approach to business.
For more information www.PeopleVine.com
This news release contains forward-looking statements as defined by the bespeaks-caution doctrine. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
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SOURCE Alliance Creative Group, Inc.