Winchester Holding Group Expected to Generate HKD$20 Million In Revenue This Year

Rhea-AI Summary

Winchester Holding Group (OTC PINK: WCHS) anticipates generating HKD$20 million in revenue by year-end 2021 from the resale of luxury vehicles. The company has a purchase agreement with Ken Okyuyama Design Co., Ltd for four Ken Okuyama Kode 57 and Kode 59 models. One vehicle is expected to arrive in Hong Kong in mid-October, with the remaining three scheduled for year-end. The revenue target aligns with expected sales from these vehicles by December 31, 2021.

Positive

• Projected revenue of HKD$20 million from luxury vehicle sales.
• Acquisition of exclusive Ken Okuyama vehicles indicates focus on high-end market.

Negative

• Dependence on timely delivery of vehicles poses risk to revenue projections.
• Forward-looking statements carry inherent uncertainties, affecting investor confidence.

HONG KONG, Sept. 7, 2021 /PRNewswire/ -- Winchester Holding Group (OTC PINK: WCHS) today announced the company expects to make HKD$20 Million in revenue end of this year from reselling luxury vehicles to potential customers.

The company has made the purchase agreement with Ken Okyuyama Design Co., Ltd, four of the latest model Ken Okuyama Kode 57 and Kode 59. One of the vehicles will arrive Hong Kong on mid-October while the rest scheduled arrival on end of this year.

WCHS also expects to sell the vehicles by the end of this year and make HKD$20 million in revenue for the year ended 31^st December 2021.

FORWARD-LOOKING STATEMENTS
This release contains forward-statements that involved known and unknown risks, uncertainties and other factors which may cause or achievements to be materially different from any future results expressed or implied by the forward-looking statements. Given these uncertainties, prospective investors should not place undue reliance on forward-looking statement. Also, forward-looking statements represent our estimates and assumption only as of the date of this release. Except as of required by law, we assume no obligation to update any forward-looking statements publicly.

View original content:https://www.prnewswire.com/news-releases/winchester-holding-group-expected-to-generate-hkd20-million-in-revenue-this-year-301370016.html

SOURCE Winchester Holding Group

FAQ

What is Winchester Holding Group's revenue expectation for 2021?

Winchester Holding Group expects to generate HKD$20 million in revenue by the end of 2021.

When will the Ken Okuyama vehicles arrive in Hong Kong?

One of the Ken Okuyama vehicles is scheduled to arrive in Hong Kong in mid-October, while the rest are set for year-end.

What are the models purchased by Winchester Holding Group?

Winchester Holding Group has purchased four models of Ken Okuyama Kode 57 and Kode 59.

What risks are associated with Winchester Holding Group's revenue projections?

The company's forward-looking statements highlight risks and uncertainties that may affect actual results.