Colambda Technologies announces YTD revenues of over 13 million in its Q3 statements
Colambda Technologies reported third quarter financial results for the period ending September 30, 2022, highlighting year-to-date revenues exceeding $13 million, primarily driven by its subsidiary, Job Aire Group. CEO David Riggs emphasized the company's commitment to financial stability while differentiating itself from typical startups. The firm is focused on eco-friendly carbon reduction technology for internal combustion engines. CFO Kent Hush noted the importance of maintaining control during development phases while leveraging a thriving revenue stream to present their EZM technology effectively.
- Year-to-date revenues exceeded $13 million driven by Job Aire Group.
- Job Aire Group has doubled in size since its acquisition.
- Focus on financial stability to build shareholder confidence.
- None.
TUCSON, Ariz., Nov. 29, 2022 /PRNewswire/ -- The following is being issued by Colambda Technologies (Pink OTC: NCRE):
Colambda Technologies filed its third quarter financial results for the quarter ending September 30, 2022. The report is highlighted by year to date revenues of over 13 million on the strength of its subsidiary Job Aire Group. A full text of the Financial Statements can be found at:
https://www.sec.gov/Archives/edgar/data/1104462/000109690622002698/ncre-20220930.htm
David Riggs, Colambda Technologies CEO, said, "We have been putting the pieces together to create a very special company and we are now able to show the public just how special we are."
Colambda Technologies is an Eco-friendly technology company that is developing carbon reduction products that help all internal combustion engines burn cleaner and more efficiently. Job Aire Group is an Aviation Staffing company that has doubled in size since it was acquired in January of this year.
Colambda Technologies CFO, Kent Hush, explained the relationship between the two companies saying, "in order to present our EZM technology in the best possible light we had to be able to sustain ourselves through certain phases of development without giving away the bulk of control of the company. We wanted to distinguish ourselves from the majority of startup technology companies. A revenue engine that is thriving in a industry that has such a bright future allows us to introduce our technology in an organic manner."
Riggs followed up on Hush's comments by saying, "we intend to provide real financial substance to our operations. This way we will retain the confidence of our existing shareholders. As we look to the future needs of the company it is important that Colambda Technologies reassure potential investors that we will never lose site of our commitment to maintaining financial stability."
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated status of such statements.
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SOURCE Colambda Technologies
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