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Quad M Solutions, Inc. operates as a financial, employee benefit, and insurance consulting company providing health plans and comprehensive benefits to employees of small and medium size businesses. They also offer staffing services across various industries along with back-office services like accounting, payroll, and HR benefits. Founded in 1932 and based in Edgewater, New Jersey, the company was previously known as Mineral Mountain Mining & Milling Company before changing its name to Quad M Solutions, Inc. in May 2019.
Quad M Solutions Inc. (MMMM:OTC) announces upcoming CEO Roadshow dates and a shareholder letter detailing financials and company progress. The letter aims to highlight significant developments and the positive trajectory of the company. Quad M Solutions focuses on providing self-funded health plans and staffing services to small and mid-sized employers, especially in the Gig Economy. The firm is dedicated to enhancing healthcare experiences and outcomes through its technology-leveraged self-insurance programs.
Quad M Solutions Inc. has signed a Memorandum of Understanding (MOU) with Quantum Computing Inc. to develop a quantum solution aimed at improving the efficiency of medical underwriting. This collaboration will leverage Quad M's extensive medical records database, projected to benefit tens of thousands of employees in 2022. By integrating QCI's Qatalyst software, Quad M aims to enhance its underwriting process significantly, potentially tapping into a multi-billion dollar market. The agreement includes a payment structure of $5-10 per employee per month for QCI's services.
Quad M Solutions (MMMM: OTC Pink) reported significant operational growth, staffing around 9,000 employees through its innovative staffing solution. CEO Joseph Frontiere anticipates revenue increases reaching $20 million monthly by early 2022, driven by strong demand. Their subsidiary, NuAxess 2 Inc., aims to enhance profit margins for staffing companies by lowering employee costs. The company focuses on self-funded health plans and staffing services, catering to small and mid-sized employers in the gig economy, aiming to provide improved healthcare outcomes.
Quad M Solutions (MMMM: OTC Pink) is experiencing rapid employee growth, staffing approximately 9,000 individuals as of December 2021. CEO Joseph Frontiere forecasts a revenue increase target of $20 million per month by early 2022, driven by the robust demand for the company's staffing solutions. The subsidiary, NuAxess 2 Inc., aims to enhance operating margins for Professional Employer Associations by reducing employee costs. They estimate a $200-$300 monthly benefit per employee. The firm’s self-funded health plans and staffing services cater to small-mid sized employers and gig economy workers.
Quad M Solutions (MMMM: OTC Pink) is experiencing significant growth, currently employing over 5,000 people and aiming for 20,000 by early 2022. CEO Joseph Frontiere highlighted their unique staffing solution, which includes medical benefits, as a key factor driving demand. The company's subsidiary, NuAxess 2 Inc., enhances operating margins for client firms by partially self-insuring, contributing to approximately $200-$300/month/per employee in additional margins. With strong revenue and cash flow growth anticipated, Quad M Solutions is well-positioned in the healthcare staffing sector.
Quad M Solutions Inc. (OTCPink:MMMM) announced a commercial agreement with Mammoth Life and Reinsurance LLC, targeting the growing independent contractor and gig worker market. This partnership allows Quad M to provide accessible health insurance solutions, tapping into the un/underinsured sectors using Mammoth's data-driven platform. CEO Joseph Frontiere emphasized the deal's potential to expand market access and enhance growth, while Mammoth's Chairman Paul Ford highlighted the collaboration's capacity to accelerate growth with cutting-edge technologies.
NuAxess Inc., a subsidiary of OTC:MMMM, has partnered with Acrisure, the third largest privately-owned insurance agency in the U.S., to market its unique staffing solution to PEO vendors. This collaboration targets PEOs with over 650,000 employees, potentially boosting NuAxess' monthly revenue to exceed $20 million by year-end. Interim CEO Joseph Frontiere expressed optimism about the agreement's potential to expand revenue and enhance business opportunities. The staffing company offers partially self-insured medical insurance, distinguishing it in the staffing industry.
Quad M Solutions Inc. (OTC.PK: MMMM) has appointed Joseph Frontiere and Douglas Cole as Directors, with Frontiere taking on the role of Interim CEO following Pat Dileo's resignation from both positions. Frontiere expressed enthusiasm about the company's staffing solutions and aims to enhance data analytics for better product development. Presently, the company serves approximately 1,700 insured members and is focused on expanding its healthcare offerings while maintaining competitive premium revenue standards.
Quad M Solutions (OTC PINK: MMMM) has completed the acquisition of iCan Benefit Group, expecting to add approximately $37 million in annual premium revenue and over $4.5 million in premium cash flows. The deal was structured as an all-stock transaction, issuing shares equivalent to 4% of outstanding common shares. Following the acquisition, annual EBITDA is projected to exceed $6 million after accounting for $875,000 in preferred stock dividends. The integration is anticipated to enhance market opportunities, positioning the company for growth.
Quad M Solutions (OTC PINK: MMMM) announced an update on its joint venture with Infiniti HR, focusing on staffing and employee benefits. Despite challenges from the COVID-19 pandemic and technology integration delays, the companies have started quoting new business during the open enrollment period. Quad M expects to add nearly 1,000 new employee lives, generating premium revenue of $1,000/month beginning in December. The company is optimistic about growth opportunities in the emerging gig economy.
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