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MassRoots, Inc. (OTC Pink: MSRT) announced that CEO Danny Meeks will present a company overview at the Dawson James Securities Small Cap Growth Conference on October 21, 2021, in Jupiter, Florida. The company recently completed its acquisition of Empire Services, Inc. for approximately $23.6 million, expanding its operations to 10 recycling facilities in Virginia and North Carolina. MassRoots aims to uplist to the Nasdaq Capital Market or NYSE American Market to enhance visibility and liquidity.
MassRoots (OTC-PINK:MSRT) has successfully closed its acquisition of Empire Services, expanding its operations to 10 metal recycling facilities in Virginia and North Carolina, generating tens of millions in annual revenue. The company plans to uplist to a national exchange, enhancing visibility and attracting institutional interest. Leadership aims to leverage Empire's industry strength and technology expertise to drive revenue growth, marking a strategic shift toward the commodities market. MassRoots has also improved its capital structure and settled litigation with Iroquois Master Fund.
MassRoots, Inc. (OTCPink: MSRT) announces that Empire Services, Inc. plans to acquire an additional metal recycling facility in Virginia. This acquisition is part of Empire's strategy to expand its operations, with a goal to increase revenues and profit margins through economies of scale. MassRoots, which recently signed a Letter of Intent to acquire Empire, aims to uplist to a senior exchange, enhancing stock visibility and attracting institutional interest. Empire currently operates 10 facilities and expects growth as metal prices rise.
MassRoots (OTCPink:MSRT) expects significant revenue growth from the acquisition of Empire Services, due to rising metal prices and inflation. Empire aims to expand by acquiring profitable metal recycling facilities. MassRoots plans to apply for uplisting to Nasdaq or NYSE American post-acquisition, potentially increasing stock visibility and liquidity. The company has implemented technology solutions enhancing efficiency and volume at Empire's facilities. Established in 2002, Empire operates 10 facilities in Virginia and North Carolina and projects continued expansion.
MassRoots, Inc. (OTCPink: MSRT) has appointed Danny Meeks as Chairman of its Board of Directors ahead of the anticipated acquisition of Empire Services, Inc. This acquisition is projected to enhance MassRoots' revenue and cash flow. Upon closing, the company plans to apply for an uplisting to a senior exchange, which could bolster its visibility and attract institutional investors. Meeks emphasized his commitment to growth and minimizing shareholder dilution, promising an expanded board with experienced professionals to enhance corporate governance.
MassRoots, Inc. (OTCPink: MSRT) has entered a Letter of Intent to acquire Empire Services, Inc., a metal recycling company operating facilities in Virginia and North Carolina. This acquisition is expected to enhance MassRoots' revenue and cash flow, positioning the company for an uplisting to the Nasdaq Capital Market or NYSE American Market. The CEO highlighted this move as a strategy to benefit over 30,000 shareholders by improving visibility and institutional interest. Empire, established in 2002, has a solid profitability model linked to rising metal prices.
MassRoots, Inc. (OTCPink: MSRT) announced the amendment of its certificate of incorporation regarding Series X and Y Preferred Stock to advance the acquisition of Empire Services, Inc. Aimed at enhancing shareholder value, the amendments were filed with the Delaware Secretary of State and will help establish favorable redemption terms for the preferred stock. Following the acquisition, MassRoots plans to apply for uplisting on a national stock exchange to boost visibility and institutional interest. Empire, operating 10 facilities, increased revenue by 14% week-over-week due to enhanced governance and technological initiatives.
MassRoots, Inc. (OTCPink:MSRT) announced its planned acquisition of Empire Services, Inc., which operates 10 metal recycling facilities in Virginia and North Carolina. Empire recently launched ClunkerCash.net to facilitate car value quotes in specific markets, with plans for future feature expansions. Danny Meeks, the owner of Empire, emphasized the merger's potential to enhance operational capabilities and revenue growth. Upon merger completion, Meeks will become MassRoots' Executive Chairman. The acquisition aims to leverage Empire's success and reputation in the recycling industry, fostering further growth.
MassRoots, Inc. (OTCPink: MSRT) announced an update on its acquisition of Empire Services, Inc. The acquisition is expected to close by August 13, 2021, pending financial audits and closing conditions. Empire, operating 10 metal recycling facilities in Virginia and North Carolina, aims to expand its footprint and enhance revenue through technology solutions, including a new corporate website. Empire has a history of higher profit margins when metal prices rise and is currently engaging an accounting firm for its financial audits.
MassRoots, Inc. (OTCPink: MSRT) has signed a Letter of Intent to acquire Empire Services, Inc. in a primarily stock transaction valued at approximately $14 million. This acquisition is anticipated to be transformative, with MassRoots expecting to generate significant revenue and positive cash flows post-closing. Empire Services operates 10 metal recycling facilities and aims for further expansion. Danny Meeks will join MassRoots' Board as Executive Chairman, focusing on long-term shareholder value and corporate governance enhancements.
