05/04/17 -- Metrospaces, Inc. (OTC PINK: MSPC) announces revenue of approximately $1.9M for Q1 2017.
Mr. Silva stated: "The Etelix.com acquisition is turning into a much better deal than we anticipated. We have generated $1,893,600 in 1st quarter revenue based on invoice billed services, with positive EBTIDA. Final numbers are still being put together...This past first quarter we have seen revenue grow from $572,000 in January to approximately $714,000 in March. "
04/25/17 --Metrospaces, Inc. (OTC PINK: MSPC) announces the end of the 2017 wine-grape harvest season, collecting more than 300,000 kilos of Premium Wine Grape.
"revenue will increase by close to 20%. Bad weather not just made for a better quality grape, it also pushed prices up approximately 20% on average. We expect total revenue, after certain adjustments to be $320,000-$350,000 with an operating margin of approximately 35%. That would make it the most economically successful harvest in Ikal's history."
04/19/17 -- Metrospaces, Inc. (OTC PINK: MSPC) announces the execution of the acquisition of 51% of Miami-based Telco Operator Etelix USA for $2Million.
"Etelix.com USA did $1.3M in revenue in 2015, growing to over $4M in 2016 and is on a run-rate to do $7-8M in 2017. The company has been profitable since inception and boasts an EBITDA margin of approximately 9-10%."
MSPC announces the execution of LOI to acquire 51% of Miami-based Telco Operator Etelix USA for $2Million. The company did $1.3M in revenue in 2015, growing to over $4M in 2016 and is on a run-rate to do $7-8M in 2017. The company has been profitable since inception and boasts an EBITDA margin of approximately 9-10%. This is a very exciting acquisition for us, not only because it is a very fast-growing business, but because of the synergies that can be brought out from this acquisition. Not only will be able to offer Etelix's triple-play through their retail operation to our real estate projects, but more importantly we will be able to help them finance and build to suit, hosting buildings in secondary markets such as Charlotte, Atlanta, Ft. Lauderdale etc. Combining their tech-savviness and success in the telco and hosting/data industries with our real estate development and financing expertise, will prove to be a very successful combination. This acquisition once completed (no assurances are given) will be consolidated as a subsidiary with Metrospaces financials
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