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NEXT10 Inc. (NXTN) reports company developments tied to Torreon Group, an Arizona-based business with real estate development, commercial ventures and strategic acquisitions. Recent updates center on ABOA Real Estate and ABOA Development, including rental-property acquisition activity, premium community positioning and the use of development inventory to support rental income.
Earlier NXTN announcements described the company as doing business as Ultimate Holdings Corporation through Ultimate Logistics, LLC, which offered lease-to-own opportunities for over-the-road truck drivers under the Ultimate Program. Recurring news topics have included fleet additions, owner-operator support services, audited financial statements, public-company reporting preparations and capital-structure disclosures.
Next10 (OTC: NXTN), via its operating division Torreon Group, announced the appointment of Mark I. Farber as Director and Raul Ramirez Morton as Director and Chief Operating Officer of Torreon Mining Corporation (TMC), its mining division focused on Coahuila, Mexico.
Ramirez Morton is a mining entrepreneur with experience in copper, gold, molybdenum, and silver, including building plants capable of producing 100 Mt of copper cement and 50 oz of gold per month, and leadership roles at Scion Mines, Molycomex, Mexican Silver Mines, and Rio Alto Mining. Farber is a metallurgist and mineral recovery specialist with experience since 1978 in refining, metallurgical testing, recovery from mine byproducts, and international gold projects in Africa, and will provide technical and strategic guidance to TMC.
TMC’s assets include the Candela Gold Property (~440 hectares) with permits and infrastructure to process tailings and new material yielding approximately 2–6 oz of gold concentrate per ton, and the Cuatro Cienegas Copper Project (~2,015 hectares, 14 concessions) with a 50+ km mineralized trend, historical copper grades of about 1.5%–4.0%, and localized silver values up to 100 g/t. According to Next10, no proven or probable reserves have been established and historical grades and capacities should not be interpreted as guarantees of future production or economic results.
Torreon Group (OTC:NXTN) acquired Tombstone Distillery, a 35-year craft spirits brand in Tombstone, Arizona, securing a 99-year licensing agreement and ownership of two of three well shares drawing mineral-rich water from the Cienega Creek Basin.
The deal marks Torreon’s entry into the $127 billion U.S. spirits market, adding a premium whiskey platform with exclusive water access, Old West heritage branding, award-winning small-batch whiskeys, and a tourist-destination facility located at the historic 325 E. Allen Street site.
Torreon Group (OTCID: NXTN) announced that ABOA Real Estate acquired an $800,000 turnkey condominium in North Palm Beach, Florida, its first property outside Arizona, positioning the division in the luxury rental market. ABOA also acquired a remodeled 3-bed, 2-bath townhome in Santa Rita Villas, Arizona, and will finance the Florida purchase with a DSCR non‑QM loan. The moves expand ABOA Real Estate's bi‑coastal footprint alongside ongoing Santa Rita Villas production and follow Torreon's recent operational milestones, including full‑scale production at Santa Rita Villas and the Tombstone Distillery acquisition.
Torreon Group (OTCID: NXTN) announced the completion and sale of five prototype townhomes in the Santa Rita Villas development in Sahuarita, Arizona, for a total of $1,655,353.
The sale is part of a master contract for 51 new-construction units. The company is preparing 46 additional build-ready lots and reports Phase One sales executing with expected closings within 30 days. Phase Two construction has begun with financing in place for the next five units.
Next10, Inc., operating as Ultimate Holdings Corporation (OTC PINK: NXTN), reported a productive 2022, highlighting significant inventory increases, including 15 new Kenworth T680 trucks and eight Vanguard trailers. Their Ultimate Program offers lease-to-own options for over-the-road truck drivers, providing comprehensive support services. UHC aims to enhance shareholder value through ongoing financial audits, with plans to file for a registered offering with the SEC to bolster its trucking operations. The company has maintained profitability since 2013 and introduced initiatives to boost drivers' income by up to $1,900 monthly.
Next10, Inc. (NXTN) announced impressive financial results for 2021, with gross revenue reaching $32 million and income before depreciation exceeding $7 million. The company projects a 25% revenue increase in 2022, targeting $40 million. UHC is finalizing 2019-2020 audited financials while the 2021 audit is underway, planning to file with the SEC to become a reporting issuer. New Kenworth T680 semi-tractors will soon arrive, and independent owner-operators are joining in increasing numbers, indicating strong growth potential.
Next10, Inc. dba Ultimate Holdings Corporation (USOTC PINK: NXTN) reported a record-breaking November 2021, achieving over $3.3 million in gross revenue through its subsidiary Ultimate Logistics, LLC. This milestone marks the highest monthly revenue since the subsidiary's inception. UHC is projected to surpass $30 million in gross revenue for 2021, reflecting a 50% increase from 2020. The company successfully sold used semi-tractors at a profit and is expanding its fleet with 19 new tractors and 11 refrigerated trailers by December 31, 2021.
Next10, Inc. (NXTN) announced that Boyle CPA, LLC is finalizing the audited financial statements for 2019 and 2020. Once completed, UHC plans to file a registered offering with the SEC to become a reporting issuer and fund its trucking operations. Additionally, UHC has ordered 36 Kenworth Next Generation T680s for 2022 to support independent owner-operators. CEO William Rieser emphasizes UHC's unique program, fostering loyalty among drivers through referrals and respect.
Next10, Inc. (NXTN) announced a projected 50% increase in gross revenue for 2021 compared to 2020, attributed to its subsidiary, Ultimate Logistics, LLC. The company is set to finalize audited financial statements for 2019 and 2020 by the end of September 2021, aiming to attract potential investors. UHC has recently expanded its facilities in Boise, ID, and acquired 40 acres in International Falls, MN, for future development. UHC is optimistic about its growth trajectory and cites strong demand in the trucking industry.