MDWerks Issues Year-End Letter to Shareholders
MDWerks (OTCQB: MDWK) released its year-end shareholder letter, highlighting its transformation from a shell company into an innovative growth enterprise with two core businesses. The company acquired Two Trees Beverage Company, a craft spirits distiller, and RF Specialties (RFS), which provides energy wave solutions for various industries.
Key developments include Two Trees signing a 15-year license agreement with Tim Smith, entering the flavored whiskey category, and RFS securing a significant contract with USNR. The company enhanced its Board with appointments of Tim Brocopp and Richard Blackstone as independent directors. MDWerks streamlined its capital structure by purchasing all Series A Convertible Preferred Stock and uplisted to OTCQB Venture Market.
The company's intellectual property is independently appraised at approximately $400 million, with future growth strategies focusing on organic expansion and potential accretive acquisitions.
MDWerks (OTCQB: MDWK) ha pubblicato la lettera agli azionisti di fine anno, evidenziando la sua trasformazione da società di mera facciata a un'impresa innovativa in crescita con due attività principali. L'azienda ha acquisito Two Trees Beverage Company, un produttore di alcolici artigianali, e RF Specialties (RFS), che fornisce soluzioni di onde energetiche per vari settori.
Tra gli sviluppi chiave, Two Trees ha firmato un accordo di licenza di 15 anni con Tim Smith, entrando nel settore del whiskey aromatizzato, e RFS ha ottenuto un contratto significativo con USNR. La società ha rafforzato il suo Consiglio di Amministrazione con le nomine di Tim Brocopp e Richard Blackstone come direttori indipendenti. MDWerks ha semplificato la sua struttura di capitale acquistando tutte le azioni privilegiate convertibili di Serie A e si è quotata sul mercato OTCQB Venture.
La proprietà intellettuale dell'azienda è valutata indipendentemente a circa 400 milioni di dollari, con strategie di crescita future focalizzate sull'espansione organica e potenziali acquisizioni accretive.
MDWerks (OTCQB: MDWK) publicó su carta a los accionistas de fin de año, destacando su transformación de una empresa fantasma a una innovadora empresa en crecimiento con dos negocios centrales. La compañía adquirió Two Trees Beverage Company, un destilador de bebidas artesanales, y RF Specialties (RFS), que proporciona soluciones de ondas de energía para diversas industrias.
Desarrollos clave incluyen la firma por parte de Two Trees de un acuerdo de licencia de 15 años con Tim Smith, ingresando a la categoría de whiskey con sabor, y RFS asegurando un contrato significativo con USNR. La empresa mejoró su Junta Directiva con las nombramientos de Tim Brocopp y Richard Blackstone como directores independientes. MDWerks simplificó su estructura de capital al comprar todas las acciones preferentes convertibles de la Serie A y se elevó al mercado OTCQB Venture.
La propiedad intelectual de la compañía está valorada independientemente en aproximadamente 400 millones de dólares, con estrategias de crecimiento futuras enfocadas en la expansión orgánica y posibles adquisiciones accretivas.
MDWerks (OTCQB: MDWK)는 연말 주주 서한을 발표하며 쉘 회사에서 혁신적 성장 기업으로의 변화를 강조했습니다. 회사는 수제 증류주 제조업체인 Two Trees Beverage Company와 다양한 산업에 에너지 파 솔루션을 제공하는 RF Specialties (RFS)를 인수했습니다.
주요 발전 사항으로는 Two Trees가 Tim Smith와 15년 라이센스 계약을 체결하여 향이 나는 위스키 카테고리에 진입하였고, RFS가 USNR과의 중요한 계약을 확보했습니다. MDWerks는 Tim Brocopp와 Richard Blackstone을 독립 이사로 임명하여 이사회를 강화했습니다. 또한, MDWerks는 모든 시리즈 A 전환 우선주를 구매하여 자본 구조를 간소화하고 OTCQB 벤처 시장으로 상장되었습니다.
회사의 지적 재산권은 약 4억 달러로 독립 평가되었으며, 향후 성장 전략은 유기적 확장 및 잠재적 인수 합병에 초점을 맞추고 있습니다.
MDWerks (OTCQB: MDWK) a publié sa lettre annuelle aux actionnaires, soulignant sa transformation d'une société fictive en une entreprise de croissance innovante avec deux activités principales. L'entreprise a acquis Two Trees Beverage Company, un distillateur de spiritueux artisanaux, et RF Specialties (RFS), qui fournit des solutions de vagues d'énergie pour diverses industries.
Parmi les développements clés, on peut citer la signature par Two Trees d'un accord de licence de 15 ans avec Tim Smith, entrant dans la catégorie du whiskey aromatisé, et RFS qui a sécurisé un contrat important avec USNR. L'entreprise a renforcé son Conseil d'Administration avec les nominations de Tim Brocopp et Richard Blackstone en tant que directeurs indépendants. MDWerks a rationalisé sa structure de capital en achetant toutes les actions privilégiées convertibles de la Série A et a été promue sur le marché OTCQB Venture.
La propriété intellectuelle de l'entreprise est évaluée indépendamment à environ 400 millions de dollars, avec des stratégies de croissance futures axées sur l'expansion organique et de potentielles acquisitions accretives.
MDWerks (OTCQB: MDWK) hat seinen Jahresbericht an die Aktionäre veröffentlicht, in dem die Transformation von einem Shell-Unternehmen zu einem innovativen Wachstumsunternehmen mit zwei Kerngeschäften hervorgehoben wird. Das Unternehmen hat Two Trees Beverage Company, einen Hersteller von handwerklichen Spirituosen, sowie RF Specialties (RFS), der Lösungen für Energiewellen in verschiedenen Branchen anbietet, übernommen.
Zu den wichtigsten Entwicklungen gehört, dass Two Trees einen 15-jährigen Lizenzvertrag mit Tim Smith unterzeichnet hat, womit das Unternehmen in die Kategorie der aromatisierten Whiskeys eintritt, und RFS einen bedeutenden Vertrag mit USNR abschließen konnte. Das Unternehmen hat seinen Vorstand durch die Ernennung von Tim Brocopp und Richard Blackstone zu unabhängigen Direktoren gestärkt. MDWerks hat seine Kapitalstruktur durch den Kauf aller Series A umwandlungsfähigen Vorzugsaktien gestrafft und wurde an den OTCQB Venture Markt hochgestuft.
Das geistige Eigentum des Unternehmens wird unabhängig auf etwa 400 Millionen Dollar geschätzt, wobei die zukünftigen Wachstumsstrategien auf organischer Expansion und potenziellen akquisitorischen Übernahmen basieren.
- Successful acquisition and integration of Two Trees Beverage Company and RF Specialties
- Secured new 15-year license agreement for Two Trees
- Intellectual property valued at approximately $400 million
- Uplisting to OTCQB Venture Market
- New significant contract with USNR for RF Specialties
- Elimination of Series A Convertible Preferred Stock overhang
- None.
GREEN COVE SPRINGS, Fla., Dec. 19, 2024 (GLOBE NEWSWIRE) -- MDWerks, Inc. (“MDWerks” or the “Company”) (OTCQB: MDWK), a forward-thinking company leading the charge in the world of sustainable technology, today issued the following letter to shareholders from its Chief Executive Officer, Steven Laker and Executive Chairman of the Board, Jim Cassidy.
Dear Fellow Shareholders,
As 2024 draws to a close, we would like to recap our progress over the last twelve months transforming MDWerks from a public shell entity without any operations into an innovative growth company with two foundational businesses, an enhanced Board of Directors, and a streamlined capital structure--all underpinned by a proprietary energy wave technology platform that has the potential to drive efficiency and environmental sustainability in multiple industries.
Although our facilities in Western North Carolina were directly in the path of Hurricane Helene, they were undamaged and we remained on course, demonstrating the strength of our model and the resilience of our team. By acting as the connecting force between highly technical capabilities and commercial applications, we are cultivating an irreplaceable technical team and assembling a robust patent portfolio ready for new verticals. MDWerks is embracing a disciplined strategy—focusing on introducing one product at a time—all while minimizing traditional R&D burdens.
Building the Foundation
On December 8, 2023, we acquired Two Trees Beverage Company (“Two Trees”), an award-winning craft spirits distiller that leverages our exclusive energy wave technology, which lowers costs, increases speed-to-market, drives innovation, reduces carbon footprint and slashes wood consumption (saving trees) during the whiskey-making process. Two Trees’ Sustainably Matured™ method mirrors the traditional aging process to deliver premium-quality spirits with balanced, mature flavors, but accelerates the natural physical and chemical changes that take place, condensing aging from years to days and lowering wood consumption by approximately
During the past year, the team has expanded distribution and awareness of the Two Trees® and Tim Smith Spirits® brands, which include more than 30 refined spirits products. Among the highlights, Two Trees:
- signed a new 15-year license agreement that expands and extends its collaboration with Tim Smith, best known for his starring role in Discovery Channel’s Moonshiners and for crafting classic moonshine and other fine spirits;
- entered the rapidly growing flavored whiskey category with the release of Tim Smith’s Climax Honey Raspberry Flavored Whiskey™;
- hired Green Glass Global, a leading independent wine and spirits broker, to place its brands in front of key purchasing decision-makers across the country;
- co-sponsored Team Combat League, the nation’s first and only boxing league with a franchise team format;
- appeared on Viewpoint, an educational television series hosted by actor Dennis Quaid, in a segment that aired nationally and featured our sustainability efforts; and
- won “Best of Asheville™” in the distillery category for the second consecutive year.
In late December 2023, on the heels of the Two Trees acquisition, we purchased RF Specialties, LLC (“RFS”), which provides modern energy wave solutions to customers in the wood, adhesives, and food & beverage industries. Utilizing its energy wave expertise, RFS designs and builds custom manufacturing equipment that enhances production line efficiency, lowers costs and drives environmental sustainability. In 2024, the RFS team diligently served its existing customer base while pursuing new business opportunities. Of note, earlier this week RFS announced a significant new contract with USNR, the world’s largest supplier of equipment and technologies for the wood processing industry. RFS will maintain and service USNR’s global installed base of Mann-Russell tube-based radio frequency equipment among wood manufacturing companies. Beyond existing operations, we see tremendous potential for RFS’s valuable microwave energy patents, technical expertise and manufacturing capabilities to be applied within new verticals.
Enhancing the Board
With a solid business foundation in place, we expanded and enhanced our Board of Directors. In November 2024, we appointed Tim Brocopp as a new independent director. He brings to MDWerks approximately three decades of leadership experience in the beverage distribution industry, including as President and CEO of Intermountain Distributing Company. Earlier this month, we also appointed Richard Blackstone as a new independent director. He brings to MDWerks nearly four decades of experience as a highly accomplished executive in the music industry with a strong track record of leading, innovating, and growing world-class organizations. Tim and Richard join Ted Kratovil, who has been an independent director since December 2023. Ted is a leading policy and public relations advisor with 45 years of leadership and quantifiable results in public policy, fundraising and corporate philanthropy involving U.S. and international government relations. We expect to benefit from our experienced independent directors’ unique perspectives, skills and guidance as we continue to grow Two Trees and RFS.
Streamlining the Capital Structure and Elevating MDWerks’ Corporate Profile
Among other accomplishments this past year, we streamlined MDWerks’ capital structure and took steps to elevate the Company’s corporate profile in the financial community. On November 7, 2024, the Company purchased all issued and outstanding shares of its Series A Convertible Preferred Stock from a legacy shareholder, thereby streamlining the capital structure, removing an overhang, and providing us with greater financial flexibility. We achieved another important milestone with the uplisting of our common stock to the OTCQB Venture Market on November 21, 2024, reflecting our commitment to enhancing market visibility and increasing share liquidity. Throughout the year we have increased our level of public communications and investor relations in the spirit of transparency and with the aim of building an expanded audience of potential investors.
Looking Ahead
While we accomplished much in 2024, we are even more excited about the growth opportunity for MDWerks in 2025 and beyond. We possess valuable intellectual property appraised at approximately
At a fundamental level, our growth strategy consists of organic expansion of Two Trees and RFS, supplemented by accretive acquisitions that align with our mission. At Two Trees, we will continue to build our existing sales channels and brands while also pursuing bulk sales and licensing of our proprietary spirits aging technology; white labeling spirits for third parties; and securing liquid oak concentrate sales. At RFS, we will focus on organic growth in the near term and over time seek to deploy energy wave solutions in new verticals, such as water desalination, wastewater and sewage, food processing, petrochemicals, and pharmaceuticals.
In conclusion, we are dedicated to creating long-term value for our shareholders by building impactful, successful businesses that leverage our proprietary energy wave technology platform. We appreciate your continued support and look forward to reporting on our progress in the coming months.
Sincerely,
| Steven Laker Chief Executive Officer | Jim Cassidy Executive Chairman of the Board |
About MDWerks, Inc.
MDWerks, Inc. (“MDWerks”) (OTC: MDWK) is a forward-thinking company that is leading the charge in the world of sustainable technology. As a prominent provider of energy wave technologies, MDWerks is committed to developing innovative solutions that help businesses reduce their energy costs and drive business value. For more information, please visit https://mdwerksinc.com/.
MDWerks’ wholly owned subsidiary, Two Trees Beverage Company, is headquartered deep in the Appalachian Mountain country, creating fine spirits, aged sustainably. Two Trees’ fine spirits brands, including Two Trees® and Tim Smith Spirits®, have received multiple industry awards, including recent recognition at the 2022 Sip Awards, the 2022 Fifty Best Awards, and the 2023 Best of Asheville. For more information, please visit https://twotreesdistilling.com/.
MDWerks’ wholly owned subsidiary, RF Specialties, LLC (“RFS”) addresses companies’ most pressing challenges by implementing automated radio frequency technology systems in a sustainable way reducing energy costs and increasing speed to market when compared to traditional methods. For more information, please visit https://www.rfspecialtiesus.com/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements”. Forward-looking statements also may be included in other publicly available documents issued by MDWK and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management’s current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “would,” “could,” “will” and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause MDWK’s actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for MDWK’s products and services, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our filings with the Securities and Exchange Commission from time to time, including our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Forms 10-Q and Current Reports on Form 8-K, which are available on the Securities and Exchange Commission’s website at sec.gov. We assume no obligation to update any forward-looking statements contained in this press release.
Company Contact:
MDWerks, Inc.
Steven Laker
T: (252) 501-0019
stevel@mdwerksinc.com
Investor Contact:
The Equity Group
Kalle Ahl, CFA
T: (303) 953-9878
kahl@equityny.com
FAQ
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