Next10, INC. Record-Breaking November 2021 - $3.3 Million

Rhea-AI Summary

Next10, Inc. dba Ultimate Holdings Corporation (USOTC PINK: NXTN) reported a record-breaking November 2021, achieving over $3.3 million in gross revenue through its subsidiary Ultimate Logistics, LLC. This milestone marks the highest monthly revenue since the subsidiary's inception. UHC is projected to surpass $30 million in gross revenue for 2021, reflecting a 50% increase from 2020. The company successfully sold used semi-tractors at a profit and is expanding its fleet with 19 new tractors and 11 refrigerated trailers by December 31, 2021.

Positive

• Achieved record gross revenue of over $3.3 million in November 2021.
• Projected to exceed $30 million in gross revenue for 2021, a 50% increase from 2020.
• Successfully sold used semi-tractors for a considerable profit.
• Expanding fleet with 19 new tractors and 11 refrigerated trailers by December 31, 2021.
• Low driver turnover rate of less than 15%, significantly below the national average.

Negative

• None.

LAS VEGAS, Dec. 3, 2021 /PRNewswire/ -- Next10, Inc. dba Ultimate Holdings Corporation, (USOTC PINK: NXTN), ("UHC"), is thrilled to announce that during the month of November 2021, UHC's subsidiary, Ultimate Logistics, LLC, had a record-breaking November exceeding $3.3 Million Dollars in gross revenue. This is the highest gross revenue month for Ultimate Logistics, LLC since their inception. The company is on track to exceed $30 million dollars in gross revenue for 2021, which is a 50% increase over 2020's gross revenue.  

In preparation for new semi-tractors being purchased, UHC sold used semi-tractors at a considerable profit during November, which was instrumental in the record-breaking month.

By December 31, 2021, UHC will have added 19 new tractors and 11 – 53' refrigerated trailers  to their fleet. UHC will have more than 95 newer model semi-tractors and over 110 current model 53' refrigerated trailers in their fleet.

UHC has no issues with adding drivers to their program. William Rieser, CEO states: "Our turnover rate is less than 15% compared to the national average turnover rate of more than 80%.  We have a waiting list of drivers who want to join our program. Two new drivers joined our program this week. The majority of the drivers who leave our program is caused by their poor health issues and not being able to pass the Federal Motor Carrier Safety Administration's medical requirements." 

UHC is a unique, one-of-a-kind, one-stop-shop program.  UHC handles everything you can possibly imagine for their independent owner-operators.  The owner-operators are required to be safe, deliver their loads on time, and have a professional attitude. UHC handles the rest.  

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

CONTACT: info@ultimateholdingscorp.com, 612-386-0606

https://www.ultimateholdingscorp.com   

This Press Release does not constitute an offering of any securities for sale.  

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-record-breaking-november-2021---3-3-million-301437386.html

SOURCE Next10, Inc.

FAQ

What was Ultimate Holdings Corporation's revenue for November 2021?

Ultimate Holdings Corporation (NXTN) reported over $3.3 million in gross revenue for November 2021.

How much revenue does UHC expect to generate in 2021?

UHC projects to exceed $30 million in gross revenue for 2021, representing a 50% increase over 2020.

How many new tractors and trailers will UHC add to its fleet by December 31, 2021?

By December 31, 2021, UHC will add 19 new semi-tractors and 11 refrigerated trailers.

What is the driver turnover rate for UHC?

UHC's driver turnover rate is less than 15%, compared to a national average exceeding 80%.