Colambda Technologies sites revenues of its subsidiary, Job Aire Group

Rhea-AI Summary

Colambda Technologies (NCRE) announces that its subsidiary, Job Aire Group (JAG), has opened a satellite office in Mexico City, enhancing access to international markets. JAG's year-to-date revenues exceed $10,000,000. The company aims to diversify its market presence and expand its manufacturing capabilities for the Emissions Zero Module technology. The merger with Emissions Zero Module, Inc. is pending final approvals, following a name change that took effect on January 4, 2022. Key SEC filings related to the merger have been submitted.

Positive

• JAG's revenues year-to-date exceed $10,000,000, indicating strong market performance.
• Opening a satellite office in Mexico City enhances international market access.
• Plans to diversify market presence and increase manufacturing for Emissions Zero Module technology.

Negative

• Pending FINRA/OTC approval for the new ticker symbol and merger completion introduces uncertainty.
• The merger closing has not yet been finalized, delaying potential operational synergies.

TUCSON, Ariz., June 17, 2022 /PRNewswire/ -- The following is being issued by Colambda Technologies (Pink OTC: NCRE):

Colambda Technologies sites revenues of its subsidiary, Job Aire Group

Colambda Technologies Inc, formerly named New Century Resources Corporation proudly announces, its subsidiary, Job Aire Group (JAG) www.jobairegroup.us , has opened a satellite office in Mexico City giving it greater access to international markets.

Nick Ammons, JAG President, indicated the year-to-date revenues are over $10,000,000 (ten million dollars). Ammons expects to grow JAG, diversify its market presence, and facilitate Colambda Technologies' move into manufacturing of the Emissions Zero Module technology on a much larger scale.

JAG was acquired to facilitate the development of Colambda Technologies' flagship product, the Emissions Zero Module, for use on piston driven general aviation (GA) aircraft and to obtain Premarket Approval from the FAA for use on all GA aircraft. JAG is a multi-technical aviation company specializing in contract labor, aircraft and engine inspection, and aeronautical engineering. The company also assists clients with aircraft repair and refurbishment.

Explanatory Note
Colambda Technologies Inc is awaiting final FINRA/OTC approval on a new ticker symbol and completion of the previously announced merger contemplated by a Merger Agreement entered into on November 19, 2021, between New Century Resources Corporation and privately held Emissions Zero Module, Inc., (EZM), a Wyoming company. Although final closing of the merger has not yet been completed, FINRA/OTC required the parties to file the certificates of merger with their respective states prior to final closing. As a result, for corporate state law purposes, the entities have merged. The Company filed an amendment to its certificate of incorporation to change its name to Colambda Technologies, Inc. The name change became effective under Nevada law on January 4, 2022. Job Aire Group was acquired by Emissions Zero Module, Inc on January 1, 2022.

The Company previously filed with the Securities and Exchange Commission a definitive Proxy Statement with respect to the Merger and proposed related transactions, (filed on December 12, 2021).

See SEC website for a copy of filing: https://www.sec.gov/edgar/browse/?CIK=1104462.

Upon completion of the merger and following FINRA/OTC approval the Company intends to file a Form 8-K with the SEC that will include information relative to the new management, financial condition and financial statements as required under SEC regulations to include the business of EZM and JAG.

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SOURCE Colambda Technologies

FAQ

What are the recent revenue figures for Colambda Technologies' subsidiary, Job Aire Group?

Job Aire Group's year-to-date revenues exceed $10,000,000.

Where has Job Aire Group opened a new office?

Job Aire Group has opened a new satellite office in Mexico City.

What is the status of Colambda Technologies' merger with Emissions Zero Module?

The merger is pending final FINRA/OTC approval and has not yet been completed.

When did Colambda Technologies change its name from New Century Resources Corporation?

The name change became effective on January 4, 2022.

What is the focus of Job Aire Group's operations?

Job Aire Group specializes in contract labor, aircraft and engine inspection, and aeronautical engineering.