2022 Highlights
- Kicked off Q2 with a newly appointed Chief Executive Officer dedicated to Aluf’s strategic vision and the experience to expand and achieve our acquisition strategy.
- Entered into a collaboration for the development of a digital health device.
- Formation of three new operating segments developed to diversify our future revenue streams and expand our national brand.
- Acquired
Rapid Tax USA TS, a premier tax, accounting, and business advisory service to corporations, small businesses, and high net worth individuals nationwide. - Announced the execution of non-binding Letters of Intent to acquire BizzUniverse SM and
Bizz Shield Pro SM, both privately held technology-based companies.
2023 Outlook
The next several months promise remarkable results as we take the company from no revenue at the beginning of 2022 to sustainable growth and profitability, including:
- Complete multiple acquisitions beginning with the two currently under contract.
- Launch and finalize multiple capital raises for traditional M&A debt financing and under a revised Private Placement providing additional working capital to support growth initiatives for portfolio companies.
- Complete annual audits for Aluf and subsidiaries, become fully reporting, file a registration statement, and take additional steps toward up‐listing off OTC Pink Sheets.
2022 Results
For the year end,
- Total operating income increased to
$62,025 compared to$00 , - Gross operating profit increased to
$55,025 compared to$00 , - Operating net loss increased to
$(898,536) compared to$(751,766) , - Impairment loss of
$(3,315,000) compared to$00 in 2021.
“Our management team has developed a strategy that strikes to the core of a successful company,” begins
About
About
About
BizzUniverse SM, is a technology company empowering individuals, entrepreneurs, business owners, community organizations, and other groups through its technology-based networking and business development platform designed to enable members to achieve their goals and realize higher levels of success. For more information go to https://www.bizzuniverse.com
About
Bizz Shield ProSM offers cost saving discount programs that help individuals and families proactively manage their healthcare costs and secure control over other liabilities which can significantly impact their financial future. Bizz Shield Pro’sSM benefit portal not only provides simple access to affordable benefit plans, but uniquely affords highly motivated individuals the ability to generate continuous sources of revenue generation through the Associate Sales Representative Program. Associates driven for success can utilize Bizz Leads ProSM, a premier lead generation system with access to top tier products and services as well as a National Associate Network, to exponentially increase their opportunity for growth. Bizz Leads ProSM, is a division of Bizz Shield ProSM. For more information go to https://www.bizzshieldpro.com and https://www.bizzleadspro.com.
Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the
Corporate Contact:
866-793-1110
Source:
2023 GlobeNewswire, Inc., source