Extreme Biodiesel, Inc. Reports Strong first Quarter Operations and Revenues

Rhea-AI Summary

Extreme Biodiesel reports a strong start to Q1 2022 with 11 new homes initiated and 6 closed sales, alongside 7 homes pending under contract. Average home prices range from $520,000 to $570,000. The company anticipates closed sales revenue of approximately $20 million for the year, driven by a housing shortage in Boise, Idaho, a key real estate market. CEO Vinnie Angelos emphasizes the positive outlook, citing growth opportunities. The company relies on safe harbor laws for public statements, acknowledging risks related to government regulation, competition, and other factors that may impact actual results.

Positive

• 11 new homes started in Q1 2022.
• 6 closed home sales in Q1 2022.
• 7 homes pending under contract.
• Average home prices between $520,000 and $570,000.
• Projected revenue of $20 million based on housing demand.

Negative

• None.

Boise, ID, April 13, 2022 (GLOBE NEWSWIRE) -- Extreme Biodiesel, Inc. (OTC Pink: XTRM) the Company’s Board of Directors provides this update to shareholders and the public.

The Company’s first quarter has started strong as we have 11 new homes started in the quarter and 6 closed sales as well as 7 new homes pending under contract.  Our average home prices are around $520,000 to $570,000. Our first and second quarters are typically a build up to closed homes in the third and fourth quarters. We are estimating, based on the current housing shortage, the lack of availability of inventory of houses, and being located in Boise, Idaho, one of the best real estate markets in the US, that this year closed sales will be around $20,000.000 in revenue.

Vinnie Angelos, CEO, stated: “A strong first quarter means we will have a great year in 2022. We are in one of the very best locations for real estate. We have many opportunities that will allow us to continued growth and success.

The Company’s websites  https://xtrm-northstar.com  https://www.northstaridaho.com please follow us on Twitter @XTRMBio.

Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. The company may make forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates that reflect the company’s best judgment based upon current information. All investments involve risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company’s public announcements.

Contact:
Extreme Biodiesel, Inc.
info@xtrm-northstar.com

FAQ

What are the latest housing sales figures for XTRM in Q1 2022?

Extreme Biodiesel reported 11 new homes started, 6 closed sales, and 7 homes pending under contract in Q1 2022.

What revenue does XTRM expect for the year 2022?

Extreme Biodiesel anticipates approximately $20 million in closed sales revenue for 2022.

What are the average home prices for XTRM's new homes?

The average home prices for new homes by Extreme Biodiesel range from $520,000 to $570,000.

What is the significance of Boise, Idaho for XTRM's real estate operations?

Boise, Idaho is viewed as one of the best real estate markets in the US, contributing to XTRM's growth potential.