Here To Serve Holding Corp. announces annual net profit of $ 3.2 million

Strong points:

  • Net income up 858%

  • Revenue increased by 139%

  • The Company’s subsidiary, Fortune Nickel and Gold Inc, has engaged a line cutting and IP survey company for its 177 mineral claims and has filed its drilling license for its Gowan project in Ontario, Canada

  • The Company’s subsidiary, KRTL Biotech Inc., has expanded to Asia and Canada.

Rye Brook, New York – (Newsfile Corp. – December 13, 2021) – Here to Serve Holding Corp. (OTC Pink: HTSC) (the “Company”) reported net income of $ 3,215,722, or $ 0.05 per share, basic, for the year ended September 30, 2021, an increase of 858% compared to net earnings of $ 335,587, or $ 0.01 per basic share, for the year ended September 30, 2020.

Revenue more than doubled to $ 1,336,294 in fiscal 2021, an increase of 139%, compared to $ 559,829 in fiscal 2020.

“We are satisfied with our profitable operations, the value of our mineral rights and our investment in a biotechnology company that has gained approval in South Korea to study psychedelic-inspired therapies,” said Paul Riss, CEO. “We are moving diligently forward on our 100% owned nickel projects, with the vision to fuel the high growth electric vehicle market. Our neighbor in the Timmins mining camp recently released maps that showed a large conductive anomaly pointing directly to our property. looking at this anomaly in our property, which is much larger. “

“We are also delighted with the work done by our subsidiary KRTL,” continued Riss, “which now owns 49% of KRTL Asia Co. Ltd. and KRTL Biotech Canada, Ltd. We are eager to start the trials and we anticipate the next phase after the trials is for us to partner with mental health clinics, treatment centers with physicians, physicians and mental health professionals who will become our market. target for psilocybin and psychotropic substances legally produced by KRTL. “

The Company uploaded its audited consolidated financial statements to OTC Markets. Please refer to the audited financial statements for further details on the Company’s results of operations for fiscal 2021.

About here to serve Holding Corp.

Here To Serve Holding Corp. is a holding company with three operational entities. its subsidiary Fortune Nickel et Or inc. owns 177 mining cells in the Timmins mining camp in Ontario, Canada, which is very prolific in nickel, gold and copper. Nickel is targeted as a battery metal for electric vehicles.

The subsidiary ICF Industries Inc. holds a diversified basket of minority positions in publicly traded stocks. It receives these participations in exchange for marketing and financial reporting services.

The subsidiary Transcendence Age Corp. works with a subsidiary KRTL Biotech. A doctor from KRTL Biotech has obtained approval from the MFDS to study psilocybin in South Korea with his team of doctors, chemists and researchers. They believe they can work with us to give people new ways to heal.

Please call Investor Relations with any questions at 855-4NICKEL (855-464-2535) ext 1.

Forward-looking statements

This press release contains statements and information which, to the extent that they are not historical facts, may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information may include financial and other projections, as well as statements regarding future economic plans, objectives or performance, or the assumption underlying all of the foregoing. In some cases, forward-looking statements may be identified by terms such as can, would like, could, will be, likely, except, to anticipate, to believe, intend, plan, provide, project, estimate, outlook, or the negative of it or other similar expressions concerning matters which are not historical facts. Examples of such statements include, but are not limited to, statements regarding the objectives and business plans of the Company; ability to capitalize on recent appointments within the company; ability to retain key personnel; the intention to develop the business and operations of the Company; the competitive conditions of the industries in which the Company operates; and the laws and their amendments applicable to the Company. Forward-looking information is based on the assumptions, estimates, analyzes and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management considers relevant. and reasonable in the circumstances on the date such statements are made, but which may prove to be inaccurate. Important factors and assumptions used to develop forward-looking information contained in this press release include, without limitation, key personnel and qualified employees who continue to be involved with the Company; and the Company’s ability to obtain financing on reasonable terms. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the Company. forward-looking information, including, without limitation, the risks associated with the future business plans of the Company; the risks that the Company will not be able to retain key personnel; the risks that the Company will not be able to obtain financing on reasonable terms or not at all, as well as all other risks as described in the periodic declarations of the Company. Therefore, readers should not place undue reliance on this forward-looking information. In addition, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the management of the Company to predict all of these factors and to assess in advance the impact of each of these factors on the business of the Company or the extent to which any factor, or a combination of factors, could cause actual results to differ materially from those contained in any forward-looking information. The Company assumes no obligation to update forward-looking information to reflect information or events subsequent to the date on which it is made or to reflect the occurrence of unforeseen events, except as required by law, including securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107460


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