Tiderock Companies Announces Annual Results for Fiscal Year Ending December 31, 2021, Showing Increases in Revenues and Assets

Rhea-AI Summary

Tiderock Companies (OTC PINK:TDRK) has filed its annual report for the fiscal year ending December 31, 2021, highlighting substantial growth. Assets surged to $395,738 from $0, while revenues reached $18,000, also up from $0. The company acquired 10% equity in a 1.46-acre parcel, Cabin Branch, and 5% in a planned 17,235 sq ft commercial project, Waldorf B-4. With over $600 million in real estate projects planned, Tiderock anticipates $45 million in revenue potential over 24 months. CEO Thomas Fore expects significant revenue growth in 2022 as projects commence.

Positive

• Assets increased to $395,738 from $0.
• Revenues increased to $18,000 from $0.
• Acquired 10% equity in Cabin Branch and 5% in Waldorf B-4.
• Pipeline includes over $600 million in development projects.
• Expected revenue potential of $45 million over the next 24 months.

Negative

• None.

BALTIMORE, MD / ACCESSWIRE / January 27, 2022 / Tiderock Companies, Inc. ("we", "our", or the "Company"), (OTC PINK:TDRK), a real estate developer and advisory services company, is pleased to announce that it has filed its annual report with OTC Markets for the fiscal year ending December 31, 2021.

During the fiscal year ending December 31, 2021, we want to highlight the following increases:

1. Our Assets increased to $395,738 from $0
2. Our Revenues increased to $18,000 form $0

Furthermore, in conjunction with two real estate loans provided by the company it has acquired a 10% equity and ownership stake in the 1.46 acre parcel, referenced as Cabin Branch; and a 5% equity stake in a planned 17,235 sq ft commercial project, referenced as Waldorf B-4 which is scheduled to commence construction in Q2 of 2022.

As mentioned in our Press Release dated January 5, 2022, the Tiderock management team, has spent the last year focused on building a foundation for growth and prospecting real estate projects. As of today, the Company has over $600 million in real estate development projects in our pipeline with a revenue potential of $45M over the next 24 months.

The company is also focused on acquiring land and specific projects to increase its asset portfolio, generate recurring revenue, and maximize investment of our own capital.

Tiderock CEO, Thomas Fore stated, "As the year progressed, inquiries for our services skyrocketed. We attribute this to getting the word out of my new venture along with our strategic partnership with Port One Companies. It has taken some time to commence revenues, we anticipate continued significant growth in revenues during 2022 as many of these projects start to come online."

About Tiderock Companies, Inc.: Tiderock Companies is a real estate investment, advisory services, and development company with over 20 years of experience. We specialize in deal structure and planning, entitlements, budgeting and project management with over $200 million in current projects. Tiderock Companies, Inc. (OTC Pink: TDRK) is headquartered in Baltimore, MD., and can be contacted at www.tiderockcompanies.com or by phone at (800) 791-8433.

Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.

For more information:
Tiderock Companies, Inc.

Thomas B. Fore, CEO
Email: info@tiderockcompanies.com
Phone: (800) 791-8433

SOURCE: Tiderock Companies, Inc.

View source version on accesswire.com:
https://www.accesswire.com/685794/Tiderock-Companies-Announces-Annual-Results-for-Fiscal-Year-Ending-December-31-2021-Showing-Increases-in-Revenues-and-Assets

FAQ

What are Tiderock Companies' fiscal year 2021 earnings results?

Tiderock Companies reported revenues of $18,000 for the fiscal year ending December 31, 2021.

What is Tiderock Companies' future revenue outlook?

Tiderock anticipates significant revenue growth in 2022 as multiple projects begin construction.

What assets does Tiderock Companies currently hold?

As of the end of 2021, Tiderock holds assets totaling $395,738.

What new projects is Tiderock Companies involved in?

Tiderock has acquired a 10% stake in Cabin Branch and a 5% stake in the Waldorf B-4 project set to start construction in Q2 of 2022.