Fortun Reports Exponential Asset Growth and Impressive Month-Over-Month Metrics; Appoints Industry Banking Veteran Juan M. Sese as Vice-President of Finance
Luminar Media Group (OTC: LRGR) reports significant growth in its fintech subsidiary, Fortun Advance. Total assets have reached $1,216,491, reflecting a 21.65% ROI since its May 2024 merger. Key metrics show impressive month-over-month growth:
- Accounts Receivable: 98.7% increase
- New Funding Volume: 50.63% growth
- Receivables Deposited: 147% surge
Fortun Advance's business model covers operational costs through fees and commissions, demonstrating scalability. The company has funded businesses across 25 industries in 17 states, with potential for expansion. Juan M. Sese, a banking veteran with 25 years of experience, joins as Vice President of Finance, bringing expertise in finance, business strategy, and private equity.
Luminar Media Group (OTC: LRGR) riporta una crescita significativa nella sua sussidiaria fintech, Fortun Advance. Il totale degli attivi ha raggiunto $1,216,491, riflettendo un ROI del 21,65% dalla fusione di maggio 2024. I principali indicatori mostrano una crescita impressionante mese dopo mese:
- Crediti: aumento del 98,7%
- Volume di nuovo finanziamento: crescita del 50,63%
- Crediti depositati: aumento del 147%
Il modello di business di Fortun Advance copre i costi operativi attraverso commissioni e spese, dimostrando scalabilità. L'azienda ha finanziato attività in 25 settori in 17 stati, con possibilità di espansione. Juan M. Sese, un veterano del settore bancario con 25 anni di esperienza, si unisce come Vicepresidente della Finanza, portando competenze in finanza, strategia aziendale e private equity.
Luminar Media Group (OTC: LRGR) informa sobre un crecimiento significativo en su subsidiaria fintech, Fortun Advance. Los activos totales han alcanzado $1,216,491, lo que refleja un retorno sobre la inversión (ROI) del 21.65% desde su fusión en mayo de 2024. Los indicadores clave muestran un impresionante crecimiento mes a mes:
- Cuentas por cobrar: aumento del 98.7%
- Volumen de nuevo financiamiento: crecimiento del 50.63%
- Cuentas por cobrar depositadas: aumento del 147%
El modelo de negocio de Fortun Advance cubre los costos operativos a través de tarifas y comisiones, demostrando escalabilidad. La empresa ha financiado negocios en 25 industrias en 17 estados, con potencial de expansión. Juan M. Sese, un veterano bancario con 25 años de experiencia, se une como Vicepresidente de Finanzas, aportando su experiencia en finanzas, estrategia empresarial y capital privado.
루미나 미디어 그룹 (OTC: LRGR)는 핀테크 자회사인 포춘 어드밴스의 눈에 띄는 성장을 보고합니다. 총 자산은 $1,216,491에 도달했습니다, 2024년 5월 합병 이후 21.65%의 ROI를 반영합니다. 주요 지표는 월별 놀라운 성장을 보여줍니다:
- 외상매출금: 98.7% 증가
- 신규 자금 조달 규모: 50.63% 성장
- 외상매출금 예치: 147% 급증
포춘 어드밴스의 비즈니스 모델은 수수료와 수수료를 통해 운영 비용을 충당하며, 확장 가능성을 입증합니다. 이 회사는 25개 산업의 사업체에 자금을 지원했으며 17개 주에서 운영되고 있으며, 확장 가능성이 있습니다. Juan M. Sese, 25년 경력의 은행 전문가는 재무 부사장으로 합류하여 금융, 비즈니스 전략 및 사모펀드에 대한 전문성을 더합니다.
Luminar Media Group (OTC: LRGR) annonce une croissance significative de sa filiale fintech, Fortun Advance. Les actifs totaux ont atteint $1,216,491, reflétant un ROI de 21,65% depuis sa fusion de mai 2024. Les indicateurs clés montrent une croissance impressionnante mois après mois :
- Créances : augmentation de 98,7%
- Nouveau volume de financement : croissance de 50,63%
- Créances déposées : hausse de 147%
Le modèle commercial de Fortun Advance couvre les frais d'exploitation par le biais de frais et de commissions, démontrant sa scalabilité. L'entreprise a financé des activités dans 25 secteurs d'activité dans 17 États, avec un potentiel d'expansion. Juan M. Sese, vétéran de la banque avec 25 ans d'expérience, rejoint en tant que vice-président des finances, apportant son expertise en finance, stratégie commerciale et capital-investissement.
Luminar Media Group (OTC: LRGR) berichtet über ein signifikantes Wachstum seiner Fintech-Tochtergesellschaft, Fortun Advance. Die Gesamtvermögen haben $1,216,491 erreicht, was einem ROI von 21,65% seit der Fusion im Mai 2024 entspricht. Wichtige Kennzahlen zeigen ein beeindruckendes Wachstum von Monat zu Monat:
- Forderungen: 98,7% Zuwachs
- Neues Finanzierungsvolumen: 50,63% Wachstum
- Eingezahlte Forderungen: 147% Anstieg
Das Geschäftsmodell von Fortun Advance deckt die Betriebskosten durch Gebühren und Provisionen und zeigt Skalierbarkeit. Das Unternehmen hat Unternehmen in 25 Branchen in 17 Bundesstaaten finanziert und hat Potenzial für Expansion. Juan M. Sese, ein Bankexperte mit 25 Jahren Erfahrung, tritt als Vizepräsident für Finanzen bei und bringt Expertise in Finanzen, Geschäftsstrategie und Private Equity mit.
- Total assets reached $1,216,491, reflecting a 21.65% ROI in the first few months
- 98.7% month-over-month growth in Accounts Receivable from July to August
- 50.63% increase in New Funding Volume from July to August
- 147% surge in Receivables Deposited from July to August
- Self-sustaining business model with $199,390 collected in fees against $185,555.39 in operational expenses
- Expansion across 25 industries and 17 states, indicating growth potential
- Appointment of Juan M. Sese, a banking veteran with 25 years of experience, as Vice President of Finance
- Total amount in default collections stands at $64,644.60, or 7.4% of receivables
- 78% of funding concentrated in Florida, suggesting geographic diversification
MIAMI, FL, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Luminar Media Group, Inc. (OTC MARKETS: LRGR), a leading fintech company dedicated to providing capital and financial services to Hispanic-owned businesses across the United States, proudly announces substantial growth in assets during its first few months since entering the finance space. The company is also pleased to welcome Juan M. Sese as Vice President of Finance for Fortun Advance.
Fortun Advance’s total assets have now reached
Following its merger with Luminar Media Group on May 26th, 2024, Fortun Advance has received
Key Month-over-Month Growth Metrics:
1. Growth in Accounts Receivable from Active Funding Clients (July to August):
- July AR:
$439,191.42 - August AR:
$872,946.99 - Increase:
$433,755.57 , representing98.7% growth.
2. Growth in New Funding Volume (July to August):
- July Funding:
$258,700 - August Funding:
$389,700 - Increase:
$131,000 , reflecting a50.63% growth. Notably, Fortun Advance exceeded its August funding forecast of$350,000.
3. Growth in Receivables Deposited (July to August):
- July Receivables Deposited:
$47,161.98 - August Receivables Deposited:
$116,859.38 - Increase:
$69,697.40 , a147% surge.
Self-Sustaining Business Model:
Fortun Advance’s business model is designed to cover operational costs through commissions and fees, thereby maintaining self-sustained growth without depleting funds allocated for funding. To date, the company has collected
Expansion Across Industries and States:
Fortun Advance has provided funding to businesses across 25 industries, with
Welcoming Banking Veteran Juan M. Sese:
The Company is delighted to announce the appointment of Juan M. Sese, as Vice President of Finance for Fortun Advance. "Juan is an early believer in FortunCo’s vision and represents Fortun Advance's biggest investment group. His dedication was apparent from the outset, diving headfirst into Fortun Advance when it was still an idea. His exceptional ability to gather, analyze, and report data is truly remarkable. Witnessing his work firsthand is nothing short of impressive," said Yoel Damas, President of FortunCo. "We are fortunate to have Juan not only as an investor but also as a key advisor, providing invaluable guidance to our team. We are pleased to welcome him officially in his role as Vice President of Finance."
Juan M. Sese brings over 25 years of experience in finance, having launched his career at Morgan Stanley Smith Barney, where he managed assets for affluent clients and major institutions across Latin America. He boasts a distinguished track record in business strategy, private equity, and mergers and acquisitions, with a particular focus on logistics, distribution, and land development in South Florida.
Mr. Sese holds an MBA in Business and Finance from the University of Miami and has held multiple prestigious financial licenses, including Series 3, 7, 24, 31, and 65. His business acumen has also earned him lifetime membership in the Beta Kappa Sigma honor society.
“From the moment I was introduced to the concept behind Fortun Advance, I recognized it as a winning idea supported by a strong team. The model is not only profitable but also addresses a critical gap left by major financial institutions, which have often neglected underserved communities in need of capital and financing options. I am excited to be part of this great company," said Juan Sese. "The financial outlook is promising, and we anticipate continued robust growth as we inject additional capital and strategically deploy it throughout the remainder of 2024 and into 2025."
About Luminar Media Group, Inc.:
Headquartered in Miami, Florida, Luminar Media Group, Inc. is a pioneering fintech company specializing in financial solutions tailored to underserved communities, with a particular focus on Latino and minority-owned enterprises. Leveraging innovative approaches and a commitment to excellence, Fortun aims to empower businesses and drive economic growth.
Forward-Looking Statements:
This press release contains forward-looking statements based on current assumptions and beliefs about our business, financial condition, and prospects. These statements are subject to risks and uncertainties that may cause actual results to differ materially. Investors are encouraged to review our periodic reports filed with the SEC for more information on potential risks. We assume no obligation to update forward-looking statements, except as required by law.
For further information, please contact:
Robert Rico
FortunCo, LLC
305-283-9237
Robert@Fortunco.com
www.fortunco.com
Follow us on X @FortunCorp
FAQ
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