Welcome to our dedicated page for Freeflow news (Ticker: FFLO), a resource for investors and traders seeking the latest updates and insights on Freeflow stock.
Free Flow, Inc. (FFLO), incorporated in Delaware as Free Flow USA, Inc., issues frequent updates on its evolving portfolio of subsidiaries and projects across automotive, scrap metal, real estate, steel, and pharmaceutical-related businesses. The FFLO news stream highlights how the company pursues new contracts, acquisitions, and financing arrangements to support its multi-subsidiary model.
Company announcements have covered vehicle dismantling and recycled OEM auto parts operations, scrap metal processing agreements, and expansion plans at its Virginia facilities, including the planned installation of an 8085 metal shredding machine. News has also detailed scrap metal purchasing agreements, such as a heavy melting scrap metal contract and a purchasing agreement with Fuji Mountain Electrical Devices, with the company providing its own revenue expectations for these arrangements.
Recent press releases describe a Memorandum of Contractual Agreement to establish an induction steel melting and steel rolling plant in Morocco under the Motors & Metals, Inc. subsidiary, with stated production capacity targets for steel billets and bars and related financing plans. Other updates include a Letter of Intent to acquire an over-the-counter pharmaceutical wholesaler and contract manufacturer, with the company indicating that pharmaceutical operations are expected to become a primary focus if the transaction closes, as well as exploration of additional pharmaceutical acquisitions.
Free Flow’s news also covers a contract by Accurate Investments, Inc. to purchase a real estate investment property in New Jersey, private securities offerings under Regulation D, and a previously announced definitive acquisition agreement for esports sim racing and media company GTR24H ApS. Investors and observers can use the FFLO news page to review company-stated milestones, strategic shifts, and capital markets activities over time.
Free Flow (OTCQB: FFLO) entered a Memorandum of Contractual Agreement to acquire plant and machinery from a Kuwaiti company and set up a turn‑key induction steel melting and rolling plant in Morocco under its Motors & Metals subsidiary. The facility is sized for 36,000 MT steel billets and 80,000 MT steel bars annually. Estimated combined annual sales are $56 million with net profit projected at over $10 million. FFLO has secured $8 million financing and seeks an additional $5–12 million. Production is targeted to begin in 15–18 months. Further purchase details will be disclosed in coming months.
Free Flow (OTC PK: FFLO) announced that its subsidiary Accurate Investments has contracted to purchase a real estate investment property in New Jersey. The property features established and arranged high-quality tenants with triple net leases totaling approximately $1.8 million annually.
The company has secured $12.6 million in interest-bearing financing for the acquisition, with the remaining funds coming from internal sources. Further details about the property and transaction will be disclosed in an upcoming Form 8-K filing upon closing.
Free Flow, Inc. (FFLO:OTCPK) has announced a significant shift in its business focus by entering into a Letter of Intent (LOI) to acquire an over-the-counter pharmaceutical wholesaler/contract manufacturer. The target company, valued at approximately $10 million, reported $4.4 million in gross revenues for 2023 and projects $7 million for 2024. FFLO is also exploring the acquisition of another entity in the same industry with annual sales exceeding $70 million.
In line with this new direction, FFLO has appointed Dr. Ravinder Tikoo, a board-certified neurologist, as the new Chairman of the Board. The company has also changed its name to Free Flow USA, Inc. and established a new corporate headquarters in North Bergen, New Jersey. These strategic moves signal FFLO's intention to pivot towards the pharmaceutical industry as its primary operational focus.
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Free Flow, Inc. (OTCQB: FFLO) has announced the successful first shipment of scrap metal under a new 12-month agreement with Fuji Mountain Electrical Devices, targeting 50,000 lbs. of scrap metal weekly. This is projected to generate annual revenues exceeding $1,000,000. The company is also expediting procurement for future shipments. Free Flow, Inc. continues to focus on sustainability by providing recycled auto parts, thereby reducing carbon footprints associated with new part production.
Free Flow, Inc. (OTCQB: FFLO) has announced a new purchasing agreement for heavy melting scrap metal valued at $14 million, involving approximately 45,000 metric tons. The agreement marks a significant milestone in enhancing shareholder value according to CEO Sabir Saleem. Pricing will align with international price indexes from COMEX or the LME. The client is a well-established international supplier with over 30 years in commodity trading. Free Flow is committed to sustainability by providing recycled auto parts and reducing the carbon footprint in production.
Free Flow, Inc. (OTCQB: FFLO) announced a definitive acquisition of GTR24H, a leader in the esports gaming market, expected to close in Q1 2022. This acquisition allows FFLO to expand its presence in the growing esports and digital content arena.
With GTR24H's established audience of over 400 million and unique content platform, FFLO aims to enhance its global reach and revenue streams. The deal has received board approvals and will be contingent upon financial audits and regulatory approvals.
Free Flow, Inc. (FFLO:OTCQB) has successfully upgraded to the OTCQB Venture Market to enhance investor visibility and capital access as of April 21, 2021. This strategic move follows a recent acquisition that doubled the company’s revenues and net worth. Free Flow operates subsidiaries focused on vehicle dismantling, OEM auto parts recycling, and auto leasing, aiming to increase revenue through further acquisitions. The company emphasizes transparency and invites stakeholders to receive updates via its Email Alert System.