Business
Here To Serve Holding Corp. Reports Nine-Month Operating Income of $1,320,883 with Revenues of $1,935,374
Here To Serve Holding Corp. Reports Nine-Month Operating Income of $1,320,883 with Revenues of $1,935,374.
About this update from Mesa Home Resources Inc.
[{"type":"text","content":"Rye Brook, New York--(Newsfile Corp. - August 15, 2022) - Here to Serve Holding Corp. (OTC Pink: HTSC) (the \"Company\") announced operating income of $1,320,883 for the nine months ended June 30, 2022, an increase of $952,164, or 258%, as compared to operating income of $304,750, for the nine months ended June 30, 2021. Revenues increased 145% to $1,935,374 for the nine months ended June 30, 2022, as compared to $790,800 for the nine months ended June 30, 2021.\"We continue to generate operating profits from our ICF Industries subsidiary as we explore for nickel and gold,\" said Paul Riss, CEO. \"We are in negotiations to bring a drill to our Gowan project in September, to drill a core hole that contained 27 feet of 3.5% nickel sulfide and 1.2% copper in a near surface intercept.\"The Company has exploration drilling permits for its projects located in the Beck, Ottaway, Lennox and Gowan townships in the renowned Timmins Mining Camp of Ontario. The Company controls approximately 9,000 acres of prospective properties. \"We also believe we will have liquidity in our investment portfolio in the next quarter, that will generate cash for an additional drill program,\" continued Riss. \"Our investment portfolio consists of small-cap stocks and has decreased substantially in market value this year, but we are working with one issuer in our portfolio that anticipates a significant liquidity event this month that will allow us to deposit and sell its shares for our mining program.\" The Company has uploaded its June 30, 2022 consolidated financial statements to OTC Markets. Please refer to the financial statements for complete details of the Company's third quarter fiscal 2022 operating results. About Here to Serve Holding Corp.Here To Serve Holding Corp. is a holding company with three operating entities. Its subsidiary Fortune Nickel and Gold Inc. owns 182 mining cells in the Timmins mining camp in Ontario, Canada, which is highly prolific to nickel, gold and copper. The nickel is targeted as a battery metal for electric vehicles.The subsidiary ICF Industries Inc. owns a diversified basket of minority positions in publicly traded equities. It receives these equity positions in exchange for marketing and financial reporting services. The market value of its investment portfolio is $1,987,700 on June 30, 2022.ICF Industries Inc. also wo...