NEWS
Here To Serve Holding Corp. Reports Six-Month Operating Income of $1,016,133 with Revenues Increasing by 571%
Newsfile Corp.
Newsfile Corp
Highlights of Six Months Ended March 31, 2022:
Operating income increased to $1,016,133 from $119,822.
Revenues increased to $1,423,386 from $212,170.
The Company's subsidiary, Fortune Nickel and Gold Inc, received drill permits.
Line cutting and IP surveys of its Gowan and Beck-Ottaway Projects are completed.
Drone Magnetic surveys of Beck-Ottaway-Lennox Projects are completed.
Rye Brook, New York--(Newsfile Corp. - May 10, 2022) - Here to Serve Holding Corp. (OTC Pink: HTSC) (the "Company") announced operating income of $1,016,133 for the six months ended March 31, 2022, an increase of $896,311, or 748%, as compared to operating income of $193,170, for the six months ended March 31, 2021.
Revenues increased 571% to $1,423,386 for the six-months ended March 31, 2022, as compared to $212,170 for the six months ended March 31, 2021.
"We continue to acquire undervalued assets, build operating profits and explore for nickel and gold," said Paul Riss, CEO. "We are very pleased with our nickel exploration activities and the rapid increase in the price of nickel as industries turn away from Russian suppliers and look to mines in Canada, where we own significant mineral rights."
"Although our investment portfolio continues to fluctuate in value, we are pleased that our total assets exceeded $3.1 million on March 31, 2022," continued Riss. "We have plans to increase the market value of our assets in the next two quarters for drilling purposes so as to minimize dilution."
The Company has uploaded its March 31, 2022 consolidated financial statements to OTC Markets. Please refer to the financial statements for additional details of the Company's second quarter fiscal 2022 operating results.
About Here to Serve Holding Corp.
Here To Serve Holding Corp. is a holding company with three operating entities. Its subsidiary Fortune Nickel and Gold Inc. owns 182 mining cells in the Timmins mining camp in Ontario, Canada, which is highly prolific to nickel, gold and copper. The nickel is targeted as a battery metal for electric vehicles.
The subsidiary ICF Industries Inc. owns a diversified basket of minority positions in publicly traded equities. It receives these equity positions in exchange for marketing and financial reporting services.
ICF Industries Inc. also works with affiliate KRTL Biotech. A doctor at KRTL Biotech has MFDS approval to study psilocybin in South Korea with its team of doctors, chemists, and researchers. They believe they can work with us to give people new ways to heal.
Please call Investor Relations with any questions at 855-4NICKEL (855-464-2535) extension 1.
