NEXT10, INC. $14 Million Gross Revenue First Six Months 2021

Rhea-AI Summary

Ultimate Holdings Corporation (NXTN) has announced that its subsidiary, Ultimate Logistics, LLC, achieved over $14 million in gross revenue during the first half of 2021. The company has engaged Boyle CPA, LLC to audit its financial statements for 2019 and 2020. This initiative aims to attract investors and potentially lower equipment financing costs. UHC is set to expand its operations with a new leased property in Boise, ID, featuring multiple facilities for maintenance and repair of its fleet, alongside new equipment deliveries including six refrigerated trailers and thirteen Kenworth semi-tractors.

Positive

• Achieved over $14 million in gross revenue for H1 2021.
• Engaged independent auditor for financial statements, enhancing transparency.
• Expanding operational facilities with new leased property to improve fleet management.
• Delivery of new equipment, including six refrigerated trailers and thirteen Kenworth semi-tractors.

Negative

• None.

LAS VEGAS, July 27, 2021 /PRNewswire/ -- Next10, Inc., dba Ultimate Holdings Corporation, (USOTC PINK: NXTN), ("UHC"), is pleased to announce that Ultimate Logistics, LLC, a wholly owned subsidiary of UHC, exceeded $14 Million Dollars in gross revenue for the first six months of 2021.  

UHC is also excited to announce that Boyle CPA, LLC, a third party independent auditor, has been retained to audit our financial statements for the years ended 2019 and 2020.  Robert A. Boyle, Owner, is an expert in AICPA, SEC and PCAOB rules and regulations. UHC believes audited financials will attract potential investors and reduce the interest rate UHC pays for new equipment. The audit should be completed by mid-September 2021. UHC retains TKM Accounting Services, Certified Public Accountants, to handle the quarterly and annual financial filings for OTC Markets Inc. Wilson Harris & Company, Certified Public Accountants, handle the filings of the annual income tax returns for UHC. 

UHC is looking forward to expanding their facilities on August 1, 2021. An adjacent property located at 4665 S Enterprise St. Boise, ID, which includes a 1,500 SF office, a 2,000 SF paint shop, and a 5,000 SF garage/shop has been leased. The two facilities will sit on approximately 10 acres. The 5,000 SF garage will handle the maintenance and repairs of UHC's fleet of 100+ semi-tractors and the 17,000 SF shop in the facility at 4663 S Enterprise St. will handle the maintenance and repairs of UHC's fleet of 100+ 53' refrigerated trailers. A large driver's lounge is being built out at the 4665 S Enterprise St. property, as well.

Six new 53' refrigerated trailers and thirteen new Kenworth semi-tractors have been delivered this year. More new equipment is on order.

The grass is as green as it gets in the trucking industry at UHC.

CONTACT:
612-386-0606
info@ultimateholdingscorp.com
https://www.ultimateholdingscorp.com

Safe Harbor Statement: This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 

View original content:https://www.prnewswire.com/news-releases/next10-inc-14-million-gross-revenue-first-six-months-2021-301342298.html

SOURCE Ultimate Holdings Corporation

FAQ

What were the gross revenues for Ultimate Logistics in H1 2021?

Ultimate Logistics, LLC reported over $14 million in gross revenue for the first six months of 2021.

Who is auditing Ultimate Holdings Corporation's financial statements?

Boyle CPA, LLC has been retained to audit Ultimate Holdings Corporation's financial statements for the years 2019 and 2020.

When is the audit of Ultimate Holdings Corporation's financial statements expected to be completed?

The audit is expected to be completed by mid-September 2021.

What expansions are planned for Ultimate Holdings Corporation in August 2021?

Ultimate Holdings Corporation plans to expand operations with a newly leased property in Boise, ID, starting August 1, 2021.

What new equipment has UHC received in 2021?

In 2021, UHC has received six new 53' refrigerated trailers and thirteen new Kenworth semi-tractors.