Industry Source Consulting Announces Acquisition of Phyto Life Organics

Rhea-AI Summary

Industry Source Consulting (OTC Pink: INSO) has successfully completed the acquisition of Phyto Life Organics, LLC, a Missouri-based CBD production company. This acquisition is expected to provide immediate revenue to INSO and aligns with its new growth strategy. The company has recently achieved top-tier reporting status with OTC Markets and is current with its quarterly filings. Outgoing CEO Michael K. Molen emphasized that acquiring a revenue-generating company is crucial for enhancing shareholder value, with plans for further acquisitions underway.

Positive

• Acquisition of Phyto Life Organics provides immediate revenue.
• Achieved top-tier reporting status with OTC Markets.
• New growth plan includes pursuing additional acquisitions.

Negative

• None.

Acquisition Provides Immediate Revenue to Company

NORCROSS, GA / ACCESSWIRE / December 14, 2022 / Industry Source Consulting, Inc. (OTC Pink:INSO) announced today it has completed the acquisition of Missouri based Phyto Life Organics, LLC. Phyto Life Organics operates a large scale indoor and outdoor CBD production operation with brands that include various CBD products and essential oils.

INSO recently announced that the Company had reached top tier reporting status with OTC Markets and is now current with the Company's quarterly filings. The acquisition of Phyto Life Organics provides immediate revenue to the Company as it implements its new Business Plan.

"Acquiring a revenue generating company like Phyto Life and its brands is a significant step for the Company's new growth plan. The incoming management team will continue to seek additional acquisitions as a way to build its business and provide increased value to its shareholders," stated Michael K. Molen, outgoing CEO of INSO.

Details concerning the acquisition and the business of Phyto Life will be announced in the coming days.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

CONTACT: info@industrysource.us

SOURCE: Industry Source Consulting, Inc.

View source version on accesswire.com:
https://www.accesswire.com/731799/Industry-Source-Consulting-Announces-Acquisition-of-Phyto-Life-Organics

FAQ

What does the acquisition of Phyto Life Organics mean for INSO?

The acquisition provides immediate revenue and supports INSO's new growth strategy.

When was the acquisition of Phyto Life Organics announced?

The acquisition was announced on December 14, 2022.

What is the significance of INSO achieving top-tier reporting status?

Top-tier reporting status indicates transparency and compliance, enhancing credibility with investors.

What future plans does INSO have after the acquisition?

INSO plans to seek additional acquisitions to further build its business and increase shareholder value.

What type of products does Phyto Life Organics produce?

Phyto Life Organics specializes in large-scale CBD production and essential oils.