Futuris Co Stock Price, News & Analysis

Futuris Company (OTC PINK:FTRS) announced the appointment of Suresh Doki to its Board of Directors. With over 30 years of experience in staffing and technology, Doki aims to enhance the company's growth, particularly in merging and acquiring new businesses. President Kalyan Pathuri emphasized the company's goal to thrive despite challenges posed by COVID-19 and to positively impact shareholders. Doki's impressive background includes leadership roles in healthcare staffing and federal government procurement. Shareholders are encouraged to follow the company for further updates.

Futuris Company (OTC PINK:FTRS) has completed the acquisition of Health HR Inc., marking its entry into the medical staffing sector. Health HR, based in South Florida, specializes in staffing physical, occupational, and speech therapists for home health agencies. Currently employing 85 therapists, the company has strong affiliations with over 20 agencies. This acquisition enhances Futuris' portfolio, leveraging Health HR's advanced recruiting programs and technology-oriented operations. The transaction is expected to drive future growth, especially in Florida's healthcare market.

Futuris Company (OTC PINK:FTRS) announced the appointment of Eric Stutzke as its new Chief Financial Officer on June 21, 2021. With over 20 years in human capital management, Stutzke's experience will support the company's long-term strategic plan. Stutzke previously served in executive roles at OneWire and TMP Worldwide, contributing to significant revenue growth. His focus will be on accelerating acquisitions and enhancing operational efficiencies, which may foster stakeholder value.

Futuris Company (OTC PINK:FTRS) has completed the acquisition of The TASA Group Inc., a prominent expert referral service. Founded in 1965, TASA specializes in providing access to over 10,000 consultants in various fields, generating an annual revenue of $9.5 million and an EBITDA of $800,000. This acquisition is expected to strengthen Futuris's position in the Human Capital Management sector. The company aims to leverage TASA's innovative services and extensive database, enhancing its offerings in expert witness and consulting services.

Futuris Company (OTC PINK:FTRS) has launched a new partner program aimed at the international staffing and contract labor market, following its acquisition of TalentBeacon International. This program, targeted at small to midsized companies, combines payroll management, supplemental staffing, and recruiting services. Initially focusing on India, the program seeks to support SMBs in enhancing their contract labor practices amidst significant growth opportunities in the region. Futuris has already signed its first client in India and is in negotiations with others.

Futuris Company (OTC PINK:FTRS) has successfully acquired Computer Deductions Inc (CDI), a notable software development service provider. CDI, serving esteemed clients like AT&T and IBM, specializes in custom systems and management consulting, boasting an EBITDA of $1.265 million. The acquisition aligns with Futuris’s strategic growth plans, enhancing its portfolio in the Solutions, Staffing, and Technology sectors. Both leaders expressed optimism about CDI's growth potential within the Futuris family, aiming for expedited growth through further acquisitions.

Futuris Company (OTC PINK:FTRS) announced a significant milestone with its upgrade from "Pink Limited Information" to "Pink Current Information" on OTC Markets. This advancement is attributed to the company’s effort in enhancing transparency through audited annual statements by a PCAOB firm. President Kalyan Pathuri emphasized that this upgrade will facilitate better funding opportunities and aims to qualify for OTCQB status. Additionally, Futuris's portfolio company, TalentBeacon LLC, has secured new contracts with Fortune 500 clients, indicating a rebound in hiring post-COVID.

Kalyan Pathuri, CEO of Futuris Company (OTC:FTRS), announced a significant reduction of issued shares of common stock from 288,602,964 to 20,442,964, marking a 93% decrease. In exchange, stockholders received newly designated Series M Preferred Stock, which carries no voting rights. This move aims to enhance shareholder value and support future acquisitions. CFO Amit Jain noted an increased demand in the staffing industry due to COVID-19, suggesting a favorable environment for rapid expansion.