$
NECA
About to Launch! From Today's PR: "Third Bench management would like to address the status of several topics and our progression towards our goals of 2022:"
1)$50 Million Revenue - Our current operations are expected to generate about $30M in revenue for 2022. We are still on track with our current pipeline of acquisitions to grow our operation to $50M+ of revenue in 2022. At that size, we will be a dominant cabinet supplier in the Southwestern United States and quickly become one of the top 100 largest operations in the industry.
2)Financial Performance - Next quarter will be the first quarterly reporting which will represent full financial performance from all our operations. We have increased our prices again last quarter and made substantial reductions in expenses, which all have a lag time of several months to be realized. We anticipate a substantial increase in profitably and expense reductions to be fully realized by the end of the calendar year.
3)New Potential Acquisitions Targets - The management team has been continuously engaged with a sizable pipeline of acquisition targets. Third Bench has engaged in several site visits to conduct the necessary due diligence prior to an acquisition. We expect to be in a position to submit an LOI before the end of Q2. The new target markets that have been explored are Phoenix, Dallas, Houston, Austin, Denver, and additional locations in New Mexico.
4)Reg-A Offering - As of this date, Third Bench has not raised any capital, nor have we issued any shares from the offering. The offering is in place to support the growth of the Company's operations and to support synergistic acquisition targets.
1)$50 Million Revenue - Our current operations are expected to generate about $30M in revenue for 2022. We are still on track with our current pipeline of acquisitions to grow our operation to $50M+ of revenue in 2022. At that size, we will be a dominant cabinet supplier in the Southwestern United States and quickly become one of the top 100 largest operations in the industry.
2)Financial Performance - Next quarter will be the first quarterly reporting which will represent full financial performance from all our operations. We have increased our prices again last quarter and made substantial reductions in expenses, which all have a lag time of several months to be realized. We anticipate a substantial increase in profitably and expense reductions to be fully realized by the end of the calendar year.
3)New Potential Acquisitions Targets - The management team has been continuously engaged with a sizable pipeline of acquisition targets. Third Bench has engaged in several site visits to conduct the necessary due diligence prior to an acquisition. We expect to be in a position to submit an LOI before the end of Q2. The new target markets that have been explored are Phoenix, Dallas, Houston, Austin, Denver, and additional locations in New Mexico.
4)Reg-A Offering - As of this date, Third Bench has not raised any capital, nor have we issued any shares from the offering. The offering is in place to support the growth of the Company's operations and to support synergistic acquisition targets.
