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Grow Capital, Inc. (OTC: GRWC) is a dynamic financial services and technology holding company headquartered in Henderson, Nevada. Specializing in identifying, acquiring, and nurturing promising startups within the financial technology sector, Grow Capital, Inc. has established itself as a key player in innovative financial solutions. The company operates through its subsidiaries, delivering advanced financial technology, retirement planning, and third-party administration services.
Bombshell Technologies, Inc. has made significant advancements, securing new clients with substantial growth potential and exploring promising partnership opportunities. Bombshell continues to innovate by integrating AI capabilities into its technology to stay at the forefront of commission systems for clients.
PERA LLC is enhancing its technology with AI integration to better target marketing efforts and improve service delivery for financial advisors, focusing on providing exclusive, vetted appointments for the insurance industry.
PERA Administrators LLC has implemented the Advisors Connect system, which has notably improved client engagement and service delivery. The company now supports over 500 churches and multiple school districts, contributing to increased revenue-generating operations.
Recently, Grow Capital, Inc. achieved a significant milestone by transitioning from the Expert Market to the Pink Current Information tier on OTC Markets, marking a step towards full transparency and regular reporting status. The company is currently submitting final documents to Glendale Securities, Inc. to regain eligibility for proprietary broker-dealer quotations.
CEO Terry Kennedy expressed excitement about returning to Current Information on the OTC Pink Open Market, emphasizing the company's organic growth and the importance of strategic partnerships. Grow Capital, Inc. continues to focus on expanding its operations and introducing innovative tools to drive future success.
Grow Capital, Inc. (OTCPINK: GRWC), a financial services and technology holding company, has announced significant progress for its subsidiary PERA Administrators PERA ADMIN, launched in March 2020, is expected to reach break-even operational results and positive cash flow by Q1 2025. The company's current revenue is approaching $80,000 per quarter, with recurring costs fixed at $105,000.
PERA ADMIN has successfully acquired school districts and church plans for 403(b) and 457 accounts, generating recurring service fees from vendors. With the support of Advisors Connect, PERA ADMIN anticipates escalating revenue growth. Grow Capital reports that all its operating subsidiaries are progressing towards profitability, coinciding with the company's return to current reporting status on the OTCMarkets Pink tier. Grow Capital aims to clear an in-progress 15c211 by the end of 2024.
Grow Capital, Inc. (OTCPINK: GRWC) has announced a major overhaul and relaunch of its subsidiary, PERA Appointments. The company, which specializes in appointment-setting for public employee retirement, has undergone significant changes over the past six months to reclaim its leading position in the industry. Key improvements include:
1. Replacement of key personnel
2. Rebuilt technology infrastructure in collaboration with Bombshell Technologies, Inc.
3. Integration of advanced systems like Go High Level
4. Exploration of AI integration to increase efficiency
These changes have resulted in the return of many retirement representatives who had previously left PERA Appointments. The company aims to set more appointments than ever, connecting public employees with top-tier retirement representatives.
Grow Capital (OTC: GRWC) announces significant progress in operational performance and market reclassification. The company has transitioned from the Expert Market to the Pink Current Information tier on OTC Markets, marking a major step towards full transparency and regular reporting. Bombshell Technologies has secured new clients and is integrating AI technology for enhanced growth. PERA is upgrading its tech to include AI, improving marketing and service delivery. PERA Administrators has implemented the Advisors Connect system, boosting client engagement and service delivery, and now administers plans for over 500 churches and multiple school districts. CEO Terry Kennedy highlighted the return to Current Information status on OTC Pink Open Market and the company's ongoing expansion efforts.
Grow Capital, Inc (OTC PINK:GRWC) has updated shareholders on its operational status and recent downgrade to the Expert Market due to the failure to timely file its Annual Report for the fiscal year ended June 30, 2021. CEO Terry Kennedy stated this downgrade does not reflect operational changes but is due to insufficient data to conclude audits. The company is working to return to OTC Pink Market compliance by filing unaudited reports. Despite revenue declines from its portfolio company PERA in 2021, operational recovery is expected. Overall, management is optimistic about future growth.
Grow Capital (OTCQB:GRWC) announced that its subsidiary PERA Administrators has appointed Mark Buckley and John Thorne as senior executives. This initiative aims to enhance public employee retirement plan administration with innovative solutions focused on financial wellness. The leadership team emphasizes reducing administrative costs and improving employee participation through personalized education and technology. CEO Terry Kennedy expressed confidence in their ability to disrupt the TPA industry by prioritizing employee needs and optimizing public funds.
Grow Capital (OTCQB: GRWC) has appointed Mark Buckley and John Thorne as new vice presidents for its subsidiary PERA Administrators, focusing on public employee retirement plans. Buckley joins as V.P. of Business Development - East, bringing over 30 years of experience. Thorne, V.P. of Business Development - West, has over 20 years in financial services. The company aims to enhance retirement planning for school districts and government employees, improving financial wellness nationwide.
GRWC announced the launch of its new division, PERA Administrators, under its wholly owned subsidiary, PERA LLC. This new division aims to enhance financial wellness and education for public employees regarding retirement plans, specifically 403(b) and 457(b) plans. PERA Administrators will provide a modern platform for financial education and support, positioning itself to improve employee engagement and plan management. The initiative aims to drive revenue growth for GRWC, leveraging technology and industry expertise, led by experienced President Brock McKinley.
Grow Capital (OTCQB: GRWC) reported significant progress in its latest shareholder update as of May 4, 2021. The company focused on enhancing its operational foundation and pursuing strategic acquisitions to drive revenue growth. Key subsidiaries, PERA and Bombshell Technologies, contributed to revenue increases, with PERA facilitating nearly half a million appointments for retirement planning. The company has plans to broaden communications with stakeholders and has retained OTC PR Group for investor relations.
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