Frontera Records First Revenue with FY2022 Annual Filing
Frontera Group, Inc. (OTC Pink: FRTG) announced the filing of its annual 10K financial statement for FY2022 with the SEC. Notably, the company recorded its first revenues from royalties linked to the intellectual property acquired from Intellimedia, marking a significant milestone. Frontera aims to enhance revenues through international sales and marketing while pursuing acquisition opportunities. Additionally, the company has taken steps to uplift to a senior exchange, signaling potential growth and increased visibility in the market.
- First recorded revenues from royalties related to acquired IP from Intellimedia.
- Plans to uplift to a senior exchange, which may enhance credibility and access to capital.
- Intention to drive growth through international sales and acquisitions.
- None.
Uplisting to Senior Exchange Planned
DALLAS, TEXAS, Oct. 10, 2022 (GLOBE NEWSWIRE) -- Frontera Group, Inc. (OTC Pink: FRTG) (“Frontera” or “the Company”), a technology-focused strategic acquirer of revenue-generating companies and intellectual property (IP), today announced that it has filed its annual 10K financial statement for FY2022 with the Securities and Exchange Commission. The filing may be viewed at https://www.sec.gov/ix?doc=/Archives/edgar/data/1602813/000154972722000089/frtg-10k.htm.
“For the first time in our history, in the last quarter, Frontera recorded revenues from royalties related to the IP we acquired from Intellimedia,” said Andrew De Luna, CPA, MBA, Interim Chief Financial Officer of Frontera Group. “This milestone represents a significant validation of our ‘’buy and build’ growth strategy, and we expect to continue to grow organically as well as through acquisitions.”
Going forward, the Company intends to identify acquisition milestones and drive revenue through international sales and marketing programs promoting its award-winning and interactive technologies for training & learning, virtual events, and streaming use cases.
Frontera has also initiated the necessary steps required to uplift to a senior exchange, and plans to announce further updates as they are available.
About Frontera
Frontera Group is a strategic acquirer of intellectual property and revenue-generating companies in the technology and human capital markets. It is developing and executing an aggressive, four-tier acquisition and implementation strategy intended to provide substantial increases in profitability to its acquisitions in industries with traditionally low and stagnant EBITDA multiples. The Company has identified and is currently pursuing several revenue-generating acquisition targets.
For further information, please visit Frontera’s website at www.frtgtech.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The statements contained in this news release which are not historical facts may be "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe FRTG's hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond FRTG’s control, will affect actual results. FRTG undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with FRTG’s most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by FRTG.
Frontera Group Contact
Andrew De Luna
adl@frtgtech.com
Investor Relations Contact
Lindsey Harasta
invest@frtgtech.com
FAQ
What financial milestone did Frontera Group achieve in FY2022?
What are Frontera Group's plans regarding uplisting?
How is Frontera Group planning to increase revenue?
