Autris Announces Key Strategic Acquisition
Autris (OTC Pink: AUTR) has announced the strategic acquisitions of EcoVillage Design, S.A. and Veritas Village Holdings Panama, S.A., establishing itself as a leader in F.I.R.S.T. Certified intentional residential community development across Latin America. These acquisitions align with Autris's mission to promote freedom, independence, resilience, self-sustainability, and transparency in community living. Veritas Village - Coronado is highlighted as a flagship project in Panama, attracting significant interest and rapid home site purchases. Financially, Autris reported positive EBITA of $163,346 and net earnings of $159,029 for the quarter ending March 31, 2024, with total assets increasing by 86.5% to $8,981,193. The company's net equity rose to $3,996,535, and working capital improved to $741,346.
- Autris completed the acquisition of EcoVillage Design and Veritas Village Holdings, enhancing its market position.
- Reported positive EBITA of $163,346 and net earnings of $159,029 for the quarter ending March 31, 2024.
- Total assets increased by 86.5% to $8,981,193 as of March 31, 2024.
- Net equity rose to $3,996,535.
- Working capital improved to $741,346.
- None.
Panama City, Republic of Panama--(Newsfile Corp. - July 8, 2024) - Autris (OTC Pink: AUTR), ("Autris" or "the Company"), a pioneering company dedicated to promoting freedom and self-sustainability, through the acquisition, design, development, and construction of self-sustainable communities throughout Latin America and the Caribbean, announces key strategic acquisitions and a substantive increase in its financial and operational performance. Through the recent acquisition of EcoVillage Design, S.A and Veritas Village Holdings Panama, S.A, Autris has positioned itself as the de facto leader in F.I.R.S.T. Certified (Freedom, Independence, Resiliency, Self-Sustainability and Transparency) intentional residential community development throughout the Latin American region.
The recently acquired EcoVillages (EcoVillages) is leading the way in creating much sought after communities desired by freedom minded people who are looking for an alternative to political divisiveness and to get away from the trend toward authoritarian governments in much of the Western World today. There is an incredibly fast-growing segment of the population that is waking up to various events and trends around the world and that is looking to live with like-minded people who share their concerns and their desire to be in a live and let live community away from censorship and cancel culture.
Veritas Village - Coronado (a community owned by the recently acquired Veritas Village Holdings Panama, S.A., Veritas Village - Coronado), in Panama, is located in a spectacularly beautiful area with stunning views, near superb beaches and is one of the first flagship communities designed by and following the EcoVillages F.I.R.S.T. philosophy. Homesites and homes in the community are being purchased at an incredible rate, proving communities based on these values are the future. The Veritas Villages community brand is planned to be replicated throughout many countries in the region, allowing clients to choose their favorite location while knowing the freedom first philosophy is a key aspect of all Veritas Villages. Veritas Villages residents become members of the Veritas Village Club, granting them perks and discounts in any of the Veritas Villages. This gives Veritas Village residents and owners the opportunity to travel to and stay at other incredible tropical destinations with like-minded people and at a lower cost.
"With these strategic acquisitions the pieces are really starting to come together, and this is only the beginning," stated Patrick Hiebert, CEO and Co-Founder of Autris, "I'm also excited that, by being on the OTC market, we are providing an opportunity for our loyal and passionate community residents, and others who share our vision, to be able to invest in the company that is making their intentional community dream homes a reality."
Year to date and quarterly Financial and Operational Highlights:
- Achieved positive EBITA for the quarter ended March 31st,2024 of
$ 163,346 and net earnings of$ 159,029. - Total Assets increased to
$8,981,193 as of March 31st, 2024, from$ 4,816,452 (an increase of$4,164,714 or86.5% quarter over quarter growth). - Net equity increased to
$3,996,535. - Working capital increased to
$ 741,346. - Completed the acquisition of EcoVillages Design, S.A
- Completed the acquisition of Veritas Village Holdings Panama, S.A
Further Information about Autris and full financial statements can be found on the company's website at www.autrisgroup.com and on the OTC Markets landing page for Autris at AUTR - Autris | Company Profile | OTC Markets.
About Autris: Autris is a forward-thinking company committed to promoting freedom and sustainability. Through strategic acquisitions and innovative initiatives, Autris aims to create communities that embody the principles of freedom, independence, resilience, sustainability, and transparency.
For media inquiries, please contact: info@autrisgroup.com
SAFE HARBOR ACT: Forward-Looking statements are included within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding the Company's expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations or listing on an exchange - including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will" and other similar expressions - are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond the Company's control and may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. No information in this press release should be construed in any manner whatsoever as an indication of the future performance of the Company's revenues, financial condition or stock price.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/215662
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