CEO, Arnold Patrick Hiebert Updates Shareholders After Autris Reports Record Breaking Results for the Year Ended June 30th, 2024

Rhea-AI Summary

Autris (OTC: AUTR) reported record-breaking results for the fiscal year ended June 30, 2024. CEO Arnold Patrick Hiebert highlighted key achievements:

- Positive earnings of $354,097
- Deferred revenue of $3,892,862
- Asset growth to $10,351,949
- Shareholders' equity of $5,056,919
- Retired all outstanding mortgage amounts
- Sold ~80% of flagship Veritas Village - Coronado project in Panama

Autris focuses on creating freedom and self-sustainability oriented communities in Latin America and the Caribbean. The company plans to expand to Costa Rica, Mexico, Argentina, and beyond. Autris aims to grow its property management division, increase marketing reach, and work with partners to create International Self-Governance Cities.

Positive

• Positive earnings of $354,097 for the fiscal year
• Record deferred revenue of $3,892,862 to be recognized in the new fiscal year
• Significant asset growth to $10,351,949
• Strong shareholders' equity of $5,056,919
• Debt-free status after retiring all outstanding mortgage amounts
• Successful sale of approximately 80% of Veritas Village - Coronado project in Panama
• Expansion plans for new Veritas Villages in multiple countries

Negative

• None.

Panama City, Republic of Panama--(Newsfile Corp. - October 2, 2024) - Autris (OTC: AUTR), ("Autris" or "the Company"), a pioneering company dedicated to promoting freedom and self-sustainability.

Arnold Patrick Hiebert
CEO
Autris Group

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Understanding the Autris vision.

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Dear Fellow Stakeholders:

When we at Autris created the F.I.R.S.T. philosophy pillars (Freedom, Independence, Resilience, Sustainability and Transparency) on which to build our new Veritas Village communities, we didn't realize how popular this philosophy and these communities would be! We saw the world changing, and we saw the new realization of many people around the globe, whose eyes were opened by events like COVID, that they were losing their freedoms and independence. We realized that complaining about mandates and lockdowns did nothing to solve the problem. So, we set out to create a solution; freedom and self-sustainability oriented communities, now known as Veritas Villages.

I've been blessed to have created several successful businesses in my lifetime and have learned there is a formula to doing so. The formula starts with a great concept that has a growing market that is hungry for it. Then you add world class people who can deliver that concept. This can only be done with people that are passionate about making the concept come to life and who are willing to go beyond the regular call of duty to make it happen.

Roughly one year ago, my son Spencer, co-founder with myself of the Autris Group of companies, and I met our now CFO, Don Morrison, and together we decided to allow our clients, and ultimately anyone that sees the value in our business model, to be a part of it. We decided the best way to do this would be to acquire and reactivate a public company, Autris (AUTR) and to equip that company with the necessary assets and competencies to pursue our goals of building a world class organization dedicated to promoting freedom and self-sustainability through the acquisition, design, development, and construction of freedom and self-sustainability oriented communities throughout Latin America and the Caribbean.

While it is early in our journey, a great deal was accomplished in the past year, and I am pleased to report some of our accomplishments.

Just Some of Our Fiscal Highlights of the last year:

• Acquired and Reactivated Autris after 9 years of dormancy.
• Completed 4 substantial transformative acquisitions, creating the Autris Group of companies.
• Reported Positive Earnings of $354,097 while at the same time investing in new communities and infrastructure and increasing working capital to $2,850,319
• Reported a Record $3,892,862 in Deferred Revenue which will become revenue this new fiscal year.
• Reported Record Asset Growth (quarter over quarter exponential) of $10,351,949.
• Reported Record Shareholders Equity of $5,056,919.
• Retired All Outstanding Mortgage Amounts ahead of schedule and Remain Debt Free.
• Permitted our Flagship Property in Panama, "Veritas Village - Coronado" and sold approximately 80% of the development within the first months.
• Welcomed senior talent in areas of Operations, Finance, and Legal including our COO, Erik Vik and Board Member Mikkel Thorup.
• Sold Out available parcels at our Vida Verde Agroforest - Cosiguina project in Nicaragua and acquired additional land to expand the Agroforestry business.

Looking Ahead

• We intend to acquire new property in Costa Rica, Mexico, Argentina and beyond to continue to create Veritas Villages throughout the region.
• Hire additional personnel to manage the increasing number of communities.
• Grow our Property and Rental Management Division as our communities grow.
• Increase our marketing reach to the ever-growing freedom-oriented market in the U.S., Canada, Europe, Australia and beyond.
• Increase the number of Freedom oriented Affiliates we work with to market our communities.
• Work with key partners to create International Self-Governance Cities.
• Continue to become the de facto company known for creating freedom and sustainability-oriented communities.

Core Values

Most importantly, we are operating on a culture of transparency and accountability, to our customers, to each other and to our shareholders. Our organization is defined by our F.I.R.S.T philosophy (Freedom, Independence, Resiliency, Sustainability and Transparency). A commitment to these values is what we believe will continue to make us extremely successful into the future.

We continue to build a culture of high expectations within the company, and to ensure everyone has a clear understanding of strategic objectives, and a clarity and commitment to the individual roles we play in attaining our common goals. We expect our leaders to set an example within the organization and we challenge each other daily to ensure that we have the courage to question the status quo, ruthlessly prioritize what will bring us closer to our goals, provide constructive feedback to our teams, have the difficult conversations that will make us better and remain committed to developing and elevating our incredible workforce.

In the upcoming year, we are committed to growing our business by investing in our people and processes to enhance our competitiveness, seeking out acquisitions that align with our core values, and help build our portfolio of projects and brand awareness.

I am optimistic for the opportunities that lie ahead for Autris, and I am grateful to our management and employees for their support during this year of transition. On behalf of Autris' leadership team, I extend my sincere thanks to our loyal like-minded customers, our dedicated employees, our collaborative partners and our supportive shareholders. You are all what make Autris a success and I look forward to an energizing upcoming year together.

Sincerely:

Arnold Patrick Hiebert
Chief Executive Officer

Further Information about Autris 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/225274

FAQ

What were Autris' (AUTR) financial highlights for the fiscal year ended June 30, 2024?

Autris reported positive earnings of $354,097, record deferred revenue of $3,892,862, asset growth to $10,351,949, and shareholders' equity of $5,056,919. The company also retired all outstanding mortgage amounts and became debt-free.

What is Autris' (AUTR) main business focus?

Autris focuses on creating freedom and self-sustainability oriented communities called Veritas Villages throughout Latin America and the Caribbean. The company is dedicated to promoting freedom and self-sustainability through the acquisition, design, development, and construction of these communities.

What are Autris' (AUTR) expansion plans for the upcoming year?

Autris plans to acquire new property in Costa Rica, Mexico, Argentina, and beyond to create more Veritas Villages. The company also aims to grow its Property and Rental Management Division, increase marketing reach to freedom-oriented markets globally, and work with partners to create International Self-Governance Cities.

How successful was the sale of Autris' (AUTR) Veritas Village - Coronado project in Panama?

Autris reported that approximately 80% of the Veritas Village - Coronado project in Panama was sold within the first months after permitting, indicating strong demand for their freedom and self-sustainability oriented communities.