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 USATS, 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 ProSM, 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 uplisting off OTC Pink Sheets.
2022 Results
For the year end, December 31, 2022, total assets decreased to $619,180 compared to $3,681,094 December 31, 2021, while total liabilities increased to $887,554 compared to $858,104 in the same period attributable to asset impairment.
- 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 Sam Jakobs, CEO. “Through a series of upcoming acquisitions of technology-driven companies and the continued rollout of Aluf’s new operating platforms, we are building the framework to do just that,” continues Jakobs.
https://www.globenewswire.com/news-release/2023/02/07/2602856/0/en/Aluf-Holdings-Inc-2022-Year-in-Review.html