Quad M Solutions - MMMM STOCK NEWS

QM Racing, Inc., a subsidiary of Quad M Solutions, has signed a definitive agreement to acquire 100% of REV Technologies, Inc. This acquisition allows QM Racing to own, manufacture, and market the highly anticipated Riley Streetfighter, a cutting-edge three-wheeled electric vehicle. The Streetfighter features an exhilarating 0-60 mph acceleration in under three seconds, up to 200-mile range per charge, and a rapid 80% charge in just 20 minutes. The base model is expected to be priced between $45,000 and $60,000, targeting the fast-growing powersports market. QM Racing plans to leverage Riley's expertise and production facilities to rapidly scale up Streetfighter production while minimizing costs.

Quad M Solutions, Inc. (OTC: MMMM) has launched its subsidiary, Stayput Insurance Inc., to provide innovative insurance products targeting the GIG economy and addressing critical labor shortages. A survey revealed over 60% of municipal employees are considering early retirement, contributing to a projected $3.3 trillion economic loss due to labor shortages over the next two decades. Stayput Insurance aims to incentivize senior workers to extend their employment by offering annuity products that enhance pension payments. The company will also offer Indexed Universal Life plans for GIG economy workers. Industry veteran Sheila F. Gaylor will join as a Strategic Advisor.

Quad M Solutions, Inc. (OTC: MMMM) announced the migration of over 500 employee contracts from its subsidiary NuAxess 2, Inc. to a third-party insurer for approximately $5 million, with full value expected by June 2023. The company indicates this reflects the value of NuAxess’s business model. An internal audit revealed misrepresentations by some clients, prompting legal action to recover damages and terminate affected agreements. Quad M plans to resume its self-funded plan in 2023 and aims for strategic acquisitions to enhance revenue and operational security.

Quad M Solutions Inc. has entered a letter of intent to assign contracts for approximately 800 employees to a reinsurance company, valued at $5-7 million. CEO Joseph Frontiere stated that interested buyers have approached the company, resulting in this significant deal. The contracts, which have not seen price increases in years, could indicate an increased overall valuation of the company's remaining contracts. The deal is expected to close by year-end, enhancing revenue from both contracts and monitoring technology.

Quad M Solutions (OTC: MMMM) has initiated the application process for a dual listing on Upstream, a trading app for digital securities, aiming to enhance liquidity and global investor access. This strategic move allows trading with USDC and various payment methods, expanding Quad M's market reach while supporting current and future shareholders. The approval from MERJ is pending, with potential expedited processing due to Quad M's existing OTC status.

Quad M Solutions, Inc. (OTC: MMMM) announces the appointment of Yakov Kogan, PhD, MBA, as Chief Operating Officer (COO) effective immediately. Dr. Kogan has over two decades of experience in organizational design and management, having co-founded and led several biotech and consulting firms, raising over $200M in financing. He aims to enhance the company's growth, operational performance, and customer experience in the fast-growing Gig Economy labor market. Quad M offers staffing and healthcare benefits solutions to small and mid-sized employers.

Quad M Solutions (OTC: MMMM) has announced a partnership with CFO Squad to enhance its financial reporting and accounting services. CFO Squad, an outsourced accounting firm, will provide CFO advisory and technical accounting support as Quad M aims to grow its offerings in self-funded health plans and staffing services. CEO Joseph Frontiere emphasized the importance of CFO Squad’s expertise in transitioning Quad M into its next growth phase. The collaboration is expected to strengthen Quad M's corporate governance and reporting capabilities.

Quad M Solutions, Inc. (OTC:MMMM) will host a webinar on May 25, 2022, featuring CEO Joseph Frontiere discussing the recent quarterly filing and new product launches including NuaxessRx, the MyNuaxess tech platform, and the Nuaxess smart plan. The company's subsidiaries cater to small and mid-sized businesses and essential workers in the gig economy, offering self-funded health plans and services. This event aims to enhance stakeholder engagement and present the company's innovative solutions in healthcare.

Quad M Solutions (OTC:MMMM) reported a significant operating income with $17.6 million in revenue for the quarter, marking a 96% increase. The net income stood at $3.3 million or $.03/share, with a gross profit surge of 620%. This turnaround comes after a loss of $149,000 in Q1 2021. CEO Joseph Frontiere highlighted improvements in technology and management, anticipating further cost reductions and enhanced operating margins through the launch of their own pharmacy benefit manager, NuaxessRx.