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Posted On: 02/07/2023 2:20:16 PM
Post# of 107272
$AHIX Aluf Holdings, Inc. 2022 Year in Review
https://www.globenewswire.com/news-release/20...eview.html
FT. LAUDERDALE, Fla., Feb. 07, 2023 (GLOBE NEWSWIRE) -- Aluf Holdings, Inc. ("AHIX"
("Aluf" (OTC PINK: AHIX) today announced that despite a slow recovery from COVID-19, 2022 was a transformational year. During 2022 the Company made major changes in its strategy, portfolio, and leadership, and achieved major milestones in strategic growth.
2022 Highlights
Kicked off Q2 with a newly appointed Chief Executive Officer dedicated to Aluf’s strategic vision and the experience to expand and achieve our acquisition strategy.
Entered into a collaboration for the development of a digital health device.
Formation of three new operating segments developed to diversify our future revenue streams and expand our national brand.
Acquired Rapid Tax USATS, a premier tax, accounting, and business advisory service to corporations, small businesses, and high net worth individuals nationwide.
Announced the execution of non-binding Letters of Intent to acquire BizzUniverse SM and Bizz Shield ProSM, both privately held technology-based companies.
2023 Outlook
The next several months promise remarkable results as we take the company from no revenue at the beginning of 2022 to sustainable growth and profitability, including:
Complete multiple acquisitions beginning with the two currently under contract.
Launch and finalize multiple capital raises for traditional M&A debt financing and under a revised Private Placement providing additional working capital to support growth initiatives for portfolio companies.
Complete annual audits for Aluf and subsidiaries, become fully reporting, file a registration statement, and take additional steps toward up‐listing off OTC Pink Sheets.
2022 Results
For the year end, December 31, 2022, total assets decreased to $619,180 compared to $3,681,094 December 31, 2021, while total liabilities increased to $887,554 compared to $858,104 in the same period attributable to asset impairment.
Total operating income increased to $62,025 compared to $00,
Gross operating profit increased to $55,025 compared to $00,
Operating net loss increased to $(898,536) compared to $(751,766),
Impairment loss of $(3,315,000) compared to $00 in 2021.
“Our management team has developed a strategy that strikes to the core of a successful company,” begins Sam Jakobs, CEO. “Through a series of upcoming acquisitions of technology-driven companies and the continued rollout of Aluf’s new operating platforms, we are building the framework to do just that,” continues Jakobs.
https://www.globenewswire.com/news-release/20...eview.html
FT. LAUDERDALE, Fla., Feb. 07, 2023 (GLOBE NEWSWIRE) -- Aluf Holdings, Inc. ("AHIX"
("Aluf" (OTC PINK: AHIX) today announced that despite a slow recovery from COVID-19, 2022 was a transformational year. During 2022 the Company made major changes in its strategy, portfolio, and leadership, and achieved major milestones in strategic growth. 2022 Highlights
Kicked off Q2 with a newly appointed Chief Executive Officer dedicated to Aluf’s strategic vision and the experience to expand and achieve our acquisition strategy.
Entered into a collaboration for the development of a digital health device.
Formation of three new operating segments developed to diversify our future revenue streams and expand our national brand.
Acquired Rapid Tax USATS, a premier tax, accounting, and business advisory service to corporations, small businesses, and high net worth individuals nationwide.
Announced the execution of non-binding Letters of Intent to acquire BizzUniverse SM and Bizz Shield ProSM, both privately held technology-based companies.
2023 Outlook
The next several months promise remarkable results as we take the company from no revenue at the beginning of 2022 to sustainable growth and profitability, including:
Complete multiple acquisitions beginning with the two currently under contract.
Launch and finalize multiple capital raises for traditional M&A debt financing and under a revised Private Placement providing additional working capital to support growth initiatives for portfolio companies.
Complete annual audits for Aluf and subsidiaries, become fully reporting, file a registration statement, and take additional steps toward up‐listing off OTC Pink Sheets.
2022 Results
For the year end, December 31, 2022, total assets decreased to $619,180 compared to $3,681,094 December 31, 2021, while total liabilities increased to $887,554 compared to $858,104 in the same period attributable to asset impairment.
Total operating income increased to $62,025 compared to $00,
Gross operating profit increased to $55,025 compared to $00,
Operating net loss increased to $(898,536) compared to $(751,766),
Impairment loss of $(3,315,000) compared to $00 in 2021.
“Our management team has developed a strategy that strikes to the core of a successful company,” begins Sam Jakobs, CEO. “Through a series of upcoming acquisitions of technology-driven companies and the continued rollout of Aluf’s new operating platforms, we are building the framework to do just that,” continues Jakobs.
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