Tiderock Companies Announces Qualification of Regulation A Offering and Provides Corporate Update

Rhea-AI Summary

Tiderock Companies, Inc. (OTC PINK:TDRK) announced that the SEC has qualified its Regulation A Offering Statement, allowing the company to raise up to $20 million within a year. Tiderock is currently managing over $600 million in real estate projects, focusing on student housing and multi-family developments. CEO Thomas Fore highlighted a strong demand for their advisory services, projecting potential revenues of over $45 million in the next 24-30 months if all projects are completed. The capital raised will aid Tiderock in developing its own income-generating projects.

Positive

• SEC qualification enables raising up to $20 million.
• Over $600 million in real estate development projects under management.
• Projected revenue of over $45 million from current project pipeline.

Negative

• None.

BALTIMORE, MD / ACCESSWIRE / January 5, 2022 / Tiderock Companies, Inc. ("we", "our", or the "Company"), (OTC PINK:TDRK), a real estate developer and advisory services company, announced that the SEC has qualified its Offering Statement filed on Form 1-A pursuant to Regulation A. The Tier 1 Regulation A offering permits an issuer to raise up to $20 million in a 12-month period.

During the last 12 months, the Tiderock management team, has been 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. These projects consist of student housing, multi-family developments and raw land development. A majority of these projects are from Developers who are seeking Tiderock's assistance to manage and see project through the entire process. Tiderock is raising capital through the Reg A so that it may acquire and develop its own projects which will allows the Company to build its portfolio on income generating projects and increase the value to shareholders.

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. I am also pleased to announce the Company also recognized advisory services revenue during the fourth quarter of 2021. As these projects start to come on-line, our percentage of the development budget will steadily start being paid overtime. To give some perspective if every project on the pipeline today came to fruition, it would generate over $45M in revenues to Tiderock over the next 24 to 30 months."

Individuals interested in learning more about the Tier 1; Regulation A offering may visit the SEC website or send an email to invest@tiderockcompanies.com.

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/681033/Tiderock-Companies-Announces-Qualification-of-Regulation-A-Offering-and-Provides-Corporate-Update

FAQ

What is the recent development with Tiderock Companies (TDRK) as of January 2022?

Tiderock Companies announced the SEC's qualification of its Regulation A Offering Statement, allowing them to raise up to $20 million.

How much revenue is projected from Tiderock's current real estate projects?

It is projected that Tiderock could generate over $45 million in revenues from its current projects in the next 24-30 months.

What types of projects is Tiderock Companies involved in?

Tiderock is involved in student housing, multi-family developments, and raw land development.

How much real estate development is Tiderock managing?

Tiderock is currently managing over $600 million in real estate development projects.

Who is the CEO of Tiderock Companies and what did he say about the company's growth?

CEO Thomas Fore stated that inquiries for their services have increased and highlighted the company's strategic partnership with Port One Companies.