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Masterbeat Corporation (OTC PINK:MSTO) announced its entry into the NFT and Metaverse space, aiming to diversify its business and generate new revenue streams. The company plans to develop the JTEC Auto Coin, focusing on virtual assets and digital transactions related to classic cars. As part of this initiative, MSTO will create art NFTs and explore micro-sales for virtual car upgrades in platforms like Sandbox and Decentraland. This move comes in response to supply chain challenges in the automotive industry, allowing MSTO to adapt and capitalize on emerging digital trends.
Masterbeat Corporation (OTC PINK:MSTO) announced the impending $4.25 million sale of the 183 Rolling Dunes property, expected to close in May. The project, with acquisition and construction costs of $1.85 million, will yield a gross profit of $2.4 million. The company is also transitioning the Baird Road project into a larger vacation rental property, set to break ground in April. Additionally, Masterbeat plans to acquire 10 more parcels in the Florida Panhandle in 2022, aiming to generate over $40 million in revenue and $20 million in profit.
MasterBeat Corporation (OTC PINK:MSTO) announced a corporate update focusing on asset acquisitions in real estate and classic automobiles. The company successfully navigated the challenges posed by the COVID pandemic, proving its business model with projects like Verano Palace. In 2022, SBQ Holdings aims to acquire more properties in the Florida Panhandle, projected to grow by 24.3% annually. The automotive division faced supply chain issues but will pivot to used cars and parts. MasterBeat plans a REG A offering to fund land purchases, projecting substantial profits and asset appreciation.
Masterbeat Corporation (OTC PINK: MSTO) has successfully sold its Santa Rosa Beach, Florida property for $4.25 Million, yielding a gross profit of $2.4 Million. The company originally acquired the property for $400,000 with a total investment of $1.85 Million. With ongoing construction, the sale is expected to finalize in April 2022, netting the company $2.23 Million after realtor commissions. This sale marks a significant milestone and signals the robust scalability of MSTO's vacation rental property model, as it aggressively pursues additional real estate investments.
BUFORD, GA / ACCESSWIRE / December 2, 2021 / Masterbeat Corporation (OTC PINK:MSTO) announces the appraisal of two properties in Santa Rosa Beach, Florida, valued at a total of $6.6 million. The financing for construction has been secured from Builder's Capital, enabling SBQ to move forward with the project. Each property is set to cost under $2 million to complete, and the company anticipates generating over $10 million in revenue from its three properties. The Florida Panhandle is noted as a top vacation rental investment location.
MasterBeat Corporation (OTC PINK:MSTO) announces that JTEC Automotive has acquired a 2007 Cadillac Escalade for a custom Twin Turbo build. The project includes a complete overhaul of the engine, transmission, and transfer case, enhancing performance and luxury attributes. The build aims to blend muscle car power with family-friendly space, reflecting evolving consumer demands in the SUV market. JTEC specializes in classic car restorations, confirming its commitment to quality craftsmanship and innovation in automotive design.
Masterbeat Corporation (OTC PINK:MSTO) has listed its luxury property located at 183 Rolling Dunes Drive, Santa Rosa Beach, Florida, on the Multiple Listing Service (MLS) for $4.25 million. This custom-built vacation home spans 5,000 sq. ft., featuring 8 bedrooms, 9 bathrooms, ocean views, and extensive amenities such as a rooftop deck and a professional putting green. The Florida Panhandle is ranked as the top location for vacation home investments due to high return potential, and Masterbeat aims to sell the property before its projected completion in April 2022.
MasterBeat Corporation (OTC PINK:MSTO) has announced the launch of JTEC AutoWorld's EBAY retail segment, enhancing its online Auto Parts platform. This move aims to boost marketing and sales as the company targets e-commerce with major platforms like Amazon and eBay. CEO Josh Tannariello noted that eBay's vast consumer base could significantly impact product sales, given the auto parts e-commerce market exceeded $16 billion in 2020. JTEC is also developing a comprehensive automotive platform, expected to launch in Q1 2022.
MasterBeat Corporation (OTC PINK:MSTO) announced the completion of significant upgrades to its 1969 Plymouth Roadrunner, converting its 440ci engine to a 499ci Stroker Motor. The project includes high-performance components like ICON FHR Series Pistons and Eagle H-Beam Connecting Rods, promising over 550 horsepower. CEO Josh Tannariello expressed confidence that these enhancements will add immediate value and potential dividends for shareholders. The completion of the project is expected by year-end.
MasterBeat Corporation (OTC:MSTO) announces a significant corporate update, including the payoff of a $210k note. The company has successfully implemented its short-term rental property strategy, achieving profits from both a 1969 Pontiac Firebird ($15k) and the sale of the Verano Palace property ($300k). Three years of audited financials were completed for 2018-2020. Additionally, MasterBeat plans to build upscale vacation properties in Florida, with a total estimated construction cost of $1.7-$1.9m per property, expecting significant return potential. The future outlook for 2022 is optimistic.