Industry Source Consulting to Acquire Missouri Holding Company

Rhea-AI Summary

Industry Source Consulting (OTC Pink: INSO) announced its commitment to acquire a Missouri-based holding company with a large scale CBD production farm. This acquisition is expected to enhance revenue through various generating brands and is set to close by the end of November 2022. Additionally, INSO has attained top tier reporting status with OTC Markets and is current on its quarterly filings. The incoming management team will assume control, with a new interim CEO to be introduced shortly.

Positive

• Acquisition of a Missouri-based holding company with large scale CBD production, expected to enhance revenue.
• Achieved top tier reporting status with OTC Markets, indicating improved transparency.
• New management team expected to bring increased value to shareholders.

Negative

• None.

Acquisition Sets New Direction for Company

NORCROSS, GA / ACCESSWIRE / November 23, 2022 / Industry Source Consulting, Inc. (OTC Pink:INSO) announced today it's commitment to immediately acquire a Missouri based holding company that operates a large scale indoor and outdoor CBD production farm with various revenue generating brands. Additional details will be provided once the transaction is completed. The acquisition is set to close before the end of the month.

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.

"This equity acquisition is a significant step for the Company," stated Michael K. Molen, outgoing CEO of INSO. "The incoming management team will take day to day control of INSO with a new interim CEO to be introduced in the coming days. I want to thank our shareholders for their support during my time with the Company. I'm excited about the new direction. The revenue generating businesses they are bringing to INSO will bring increased value to the Company's shareholders."

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/728120/Industry-Source-Consulting-to-Acquire-Missouri-Holding-Company

FAQ

What acquisition did Industry Source Consulting announce?

Industry Source Consulting announced the acquisition of a Missouri-based holding company that operates a large-scale CBD production farm.

When is the acquisition of the Missouri holding company expected to close?

The acquisition is set to close by the end of November 2022.

What is the significance of the acquisition for INSO shareholders?

The acquisition is expected to enhance revenue and increase value for shareholders through the integration of various revenue-generating brands.

What recent achievement has INSO accomplished regarding its reporting status?

INSO has achieved top tier reporting status with OTC Markets and is current with its quarterly filings.