MasterBeat Corporation’s JTEC Automotive Profits from Sale of its 1969 Pontiac Firebird Custom Build

Rhea-AI Summary

MasterBeat Corporation (OTC: MSTO) announced significant progress in its automotive division, JTEC Automotive. The company successfully sold its first custom classic automobile, a 1969 Pontiac Firebird, generating $30,000 in revenue and $15,000 in net profit for shareholders. This achievement reinforces JTEC’s diversified business model, as future projects will be fully owned, allowing for greater profit retention. The company is actively bidding on additional classic cars, including the Ford Mustang and Dodge Charger, anticipating continued revenue growth.

Positive

• Generated $30,000 in revenue and $15,000 in net profit from the sale of the 1969 Pontiac Firebird.
• Demonstrated the viability of JTEC Automotive's diversified business model.
• Future projects will be 100% owned, allowing for full retention of revenue and profit.

Negative

• None.

MIRAMAR BEACH, FL, Feb. 24, 2021 (GLOBE NEWSWIRE) --  via NewMediaWire -- MasterBeat Corporation (OTC: MSTO), a company specializing in hard, tangible asset acquisitions with an intense focus on real estate, precious metals, collectible classic automobiles, and other tangible assets through its subsidiary SBQ Holdings, LLC, is pleased to announce its automotive division, JTEC Automotive, sold and profited from their premier classic auto custom build of its 1969 Pontiac Firebird.

As announced on May 11, 2020, JTEC Automotive entered into a partnership agreement to complete the restoration and customization of a 1969 Pontiac Firebird, and on December 17, 2020, JTEC announced the completion of the build and that the Firebird would be marketed and featured at MaxMotive, out of Boca Raton, Florida (www.maxmotive.com). 

JTEC Automotive’s 1969 Pontiac Firebird, their first custom classic build, has been sold generating $30,000 in revenue and $15,000 in net profit for Masterbeat and its shareholders. In addition to the realized revenue and profit, JTEC has once again proven the viability and success of its diversified business model. 

“We are thrilled with the results of our first custom build, sale and profit from our 1969 Firebird. We plan to keep the positive momentum of our diversified business model going forward,” stated Josh Tannariello, CEO of MasterBeat Corp. “The ’69 Firebird was a pilot project utilizing partner owners to mitigate our risk profile, but our next custom project will be 100% owned by JTEC and its shareholders thereby realizing 100% of project revenues and profit. We are bidding on several other classic cars right now for our next custom build, focusing on two specific makes and models: the Ford Mustang Fastback (years 1967 to 1968) and the Dodge Charger (years 1968 to 1969). Our next build will fall under the restomod (restored and modified) category, and we believe this business segment, combined with our real estate and online platforms, will continue to deliver revenues, profits and value for our Company and our shareholders.”

About MasterBeat Corp.

MasterBeat Corporation (OTC: MSTO), incorporated under the laws of Delaware, is a publicly traded company specializing in hard, tangible asset acquisitions with an intense focus on real estate, precious metals, and other tangible assets. The company believes its progressive approach to an old school model, especially in this market based on fragile earnings multiples and uncertainty, to acquire hard, tangible assets will not only offer long term capital appreciation but also deliver revenues, profits, and self-sustainability.

www.masterbeatcorp.com

info@masterbeatcorp.com

Safe Harbor Statement

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, the company's ability to perform under existing contracts or to procure future contracts. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.

Contact:

Josh Tannariello

561-570-7050

josh@masterbeatcorp.com

FAQ

What was the revenue generated from the sale of the 1969 Pontiac Firebird by MSTO?

MSTO generated $30,000 in revenue from the sale of the 1969 Pontiac Firebird.

How much net profit did MSTO earn from the Firebird sale?

MSTO earned $15,000 in net profit from the sale of the Firebird.

What future projects is MSTO planning for its automotive division?

MSTO is planning to bid on classic cars like the Ford Mustang Fastback and Dodge Charger for future custom builds.

What is the main focus of MasterBeat Corporation?

MasterBeat Corporation specializes in hard, tangible asset acquisitions, including real estate and collectible vehicles.