Here To Serve Holding Corp. Announces Q2 EarningsEarnings Announcement | 04/30/2020
Here To Serve Holding Corp. (OTC:HTSC) (the "Company") announced earnings of $254,538, or $0.01 per basic share, for the second quarter ended March 31, 2020.
Revenues for the three months ended March 31, 2020 amounted to $207,875, as compared to $0 for the for the three months ended March 31, 2019. Revenues for the six months ended March 31, 2020 amounted to $211,025, as compared to $0 for the for the six months ended March 31, 2019.
The Company recorded operating income of $113,556 and $146,637 for the six-and three months periods ended March 31, 2020, as compared to an operating loss of $15,778 and $7,889 for the six-and three months periods ended March 31, 2019.
The Company's CEO, Paul Riss, said, "Although COVID-19 has stopped us from traveling and given us operating challenges, we are pleased with the progress we made during the second quarter. We hope to close significant transactions soon, as we work remotely to seek new customers."
For additional disclosure regarding operating results, please refer to the Company's Quarterly Report for the six- and three-month periods ended March 31, 2020, which has been filed with OTC Markets.
About Here To Serve Holding Corp.
Here to Serve Holding Corp. (HTSC) operates as three divisions: Novus Ordo Industries Inc., ICF Industries Inc., and Executive Industries. Novus is a construction company focused on the development of residential homes, commercial properties, hotels and cannabis facilities using Insulated Concrete Forms (ICF). ICF Industries is a distribution, consulting and sales corporation that markets ICF construction material in North America. The added strength and security resulting from using both our CannaBlock and CannaCrete products is designed to create a complex that protects the building from fire, flooding, mold, mildew, pathogens and equipment loss. ICF buildings can withstand 250 mph sustained winds. Executive Industries is a consulting division that offers companies assistance with corporate projects, primarily in conjunction with Regulation A and Regulation CF of the Securities Act of 1933. We prepare or review offering statements and financial statements to establish that documents are in accordance with crowdfunding regulations.
The information contained herein includes forward-looking statements.These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
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