ALTITUDE INTL INC - ALTD STOCK NEWS

Altitude International Holdings, Inc. (OTC PINK:ALTD) reported a revenue increase of 40% to $7.7 million for the nine months ending September 30, 2022, compared to $5.5 million in the same period the previous year. The company experienced a net loss of $2.3 million, reduced from $4.3 million a year earlier. The acquisition of Rush Soccer contributed $1.9 million in revenue, and Altitude is expanding into new sports divisions. Cash reserves rose to $2.1 million, improving from $0.4 million in December 2021.

Altitude International Holdings (OTC Pink:ALTD) has engaged MZ Group to enhance its investor relations and financial communications. This strategic partnership aims to boost the company's visibility in key markets and highlight its multi-discipline approach, combining income from education, sports, and technology. Altitude recently secured a 216-acre resort headquarters in Florida to integrate its operations and create a premier destination for training and wellness. The CEO emphasized a focus on long-term growth and value creation for shareholders.

Altitude International Holdings (OTC: ALTD) has formalized the establishment of its subsidiary, Altitude Hospitality, closing significant transactions for leasing the 216-acre property in Port St. Lucie, Florida, previously known as 'Club Med Sandpiper Bay.' The company has secured a $15 million term loan to finance lease obligations and working capital. This property will become the global headquarters, integrating various operations, including sports academies and resort management. Renovations are set to enhance the resort, which aims to bolster its status as a premier destination while benefiting shareholders.

Altitude International Holdings (ALTD) announced a Purchase Agreement with Sandpiper Resort Properties to acquire the Club Med Sandpiper Bay property. This agreement aims to transform the resort into Altitude's international headquarters, integrating hospitality with sports development. The property spans over 200 acres, featuring a 335-room hotel and extensive sports facilities. Renovations are set for completion over the next two years, with operations continuing uninterrupted. The acquisition is anticipated to boost local economic impact while maintaining service for existing reservations from September 2022 onward.

Altitude International Holdings, Inc. (OTC: ALTD) announced a strategic partnership with Soccer Partners America (RUSH Soccer) on March 7, 2022. CMAS, a wholly owned subsidiary of ALTD, signed a management consulting agreement to administer RUSH Soccer's competitive youth programs.

This 10-year agreement includes an exclusive license for CMAS to use RUSH's branding and materials. ALTD expects this partnership to boost soccer revenues significantly and enhance profit margins through expanded programming and a new headquarters in Port St. Lucie.

Altitude International Holdings (OTCQB: ALTD) provided a business update from CEO Greg Breunich on December 30, 2021. The company remains focused on executing its Sports, Education, and Technology strategy despite share price volatility. ALTD plans to merge with BHI's revenue-generating businesses to enhance its growth potential. The company is in negotiations for strategic acquisitions and aims to establish a headquarters in South Florida. Future updates will follow as initiatives progress.

Altitude International Holdings, Inc. (OTCQB: ALTD) reported a significant revenue increase in Q3 2021, with a 43.7% rise for acquired BHI subsidiaries compared to the previous year. Revenue reached $1,472,194 versus $828,107 in 2020, and $5,522,499 for nine months in 2021 against $4,091,315 in 2020. However, the company faced a loss of $4,281,791 due to one-time stock-based compensation and impairment costs. Continued operational developments include a soft launch of Altitude Online Learning and ongoing negotiations for a NASDAQ up-listing.

Altitude Water, a subsidiary of Altitude International Holdings (ALTD), has developed new recirculating Maxim water units for the U.S. military, fulfilling requests for additional water storage and faster purification systems. This advancement was highlighted by CEO Greg Breunich, who praised the team's productivity and capability. The units, which integrate ozone purification technology, were designed and installed in just two days at Camp Lejeune. The company also engaged in humanitarian efforts, providing water machines to children in Cameroon and supporting local initiatives in Chicago.

Altitude Wellness, a subsidiary of Altitude International Holdings (OTCQB: ALTD), has signed a Management Agreement with 16929 Wellness Consultants, led by renowned spine surgeon Dr. Kenneth Lee. This partnership will launch the flagship Altitude Wellness Center, featuring advanced technologies such as a simulated altitude chamber and ozone purified water machine. The center will also offer various therapies including cryotherapy and infrared sauna. CEO Greg Breunich expressed optimism about the long-term success of this venture, recognizing wellness as a rapidly growing sector.