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MasterBeat Corporation (OTC: MSTO) has accepted a $1.4 million offer for its Verano Palace real estate asset in Miramar Beach, Florida. Acquired for $1.1 million in September 2019, the property has generated approximately $250,000 in revenue and will realize an asset appreciation of $300,000 upon sale. CEO Josh Tannariello highlights this milestone as validation of their income-generating business model. The company aims to secure traditional financing to further grow and enhance shareholder value, supported by two years of audited financials and an ongoing third-year audit.
MasterBeat Corporation (OTC: MSTO) has announced the acquisition of a 1969 Plymouth Road Runner to initiate a Restomod build in partnership with Blow by Racing (BBR). This follows the successful completion of their first project, a 1969 Pontiac Firebird, which yielded positive operational and financial results. The new build will feature a 440 ci engine, among numerous upgrades aimed at enhancing performance and maintaining classic appeal. Additionally, the company is set to develop a 1968 Camaro under the Pro Touring category, showcasing continual growth in the automotive restoration sector.
MasterBeat Corporation (OTC: MSTO) has successfully completed the acquisition of land for a new vacation property in Santa Rosa Beach, Florida. The company plans to construct a 5,000 sq. ft. home with 8 bedrooms, expected to generate approximately $300,000 in annual rental revenue. The total project cost amounts to $1.8 million, with funding sourced through traditional bank financing. With local real estate prices rising over 10% annually, the investment is projected to significantly enhance MSTO's asset value and revenue streams, marking a pivotal milestone for the company.
MasterBeat Corporation (OTC: MSTO) announces a new venture by partnering with Blow by Racing to build a custom 1968 Pro Touring Camaro. This project follows the successful sale of a 1969 Firebird, which generated a profit of $15,000. With a focus on high-end Resto Mods, the Camaro build aims to enhance the company's automotive division and deliver greater returns for shareholders. The vehicle features advanced engineering components and a performance-enhanced drivetrain, positioning MSTO favorably in the custom automotive market.
MasterBeat Corporation (OTC: MSTO) has announced the upcoming launch of its mobile application, JTEC Auto World, which will be available on iOS and Android platforms. The app will consolidate services for buyers and sellers of new and used automobiles, auto parts, and a directory for automotive technicians. As digital influence significantly impacts the automotive parts retail industry, mobile transactions are predicted to grow to $13 billion in 2022. The app aims to streamline customer experiences and enhance targeted communication.
MasterBeat Corporation (OTC: MSTO) has announced a strategic collaboration with Epicor to enhance its JTEC Autoworld online automotive platform. By integrating with Amazon and eBay, the company aims to expand its marketing and sales reach. Amazon's auto parts sales were projected at $10.3 billion for 2020, with significant contributions from both first-party and third-party sales. The partnership is expected to provide JTEC with access to millions of automotive customers in North America, enhancing visibility and potential revenue without significant marketing investment.
MasterBeat Corporation (OTC: MSTO) announced significant progress in its automotive division, JTEC Automotive. The company successfully sold its first custom classic automobile, a 1969 Pontiac Firebird, generating $30,000 in revenue and $15,000 in net profit for shareholders. This achievement reinforces JTEC’s diversified business model, as future projects will be fully owned, allowing for greater profit retention. The company is actively bidding on additional classic cars, including the Ford Mustang and Dodge Charger, anticipating continued revenue growth.
MasterBeat Corporation (OTC: MSTO) has entered into a Joint Venture Agreement to acquire land and develop a 5,000 sq. ft. vacation property in Santa Rosa Beach, Florida. The total investment of $1.6 million will be financed through traditional bank loans. Comparable properties in the area sell for between $2.5 million and $3.2 million, generating annual rental income of approximately $300,000. The property features 9 bedrooms and 9 bathrooms, and the company plans to complete the project in about six months.
MasterBeat Corporation (OTC: MSTO) is focused on acquiring hard, tangible assets, including real estate and precious metals, through its subsidiary SBQ Holdings, LLC. In a recent interview, CEO Josh Tannariello discussed the company's progress during the pandemic, highlighting continued advancements in their ongoing audit and opportunities in the robust real estate market. Brad Knight will assist in managing the MSTO Real Estate Division, leveraging his 33 years of experience in real estate investment and construction.