NEXT10, Inc. Announces Acquisition of Torreon Group, Inc.

Rhea-AI Summary

NEXT10 (OTC PINK: NXTN) has announced the acquisition of Torreon Group, an Arizona-based company specializing in real estate development, commercial ventures, and strategic acquisitions. The company plans to release additional details about the acquisition through public announcements starting later in the week. The announcement lacks specific details about the transaction value, terms, or expected impact on NEXT10's operations.

Positive

• Acquisition of established company with diverse portfolio in real estate development and commercial ventures
• Geographic expansion into Arizona market through acquisition

Negative

• Lack of financial details or terms of the acquisition
• No immediate information about the strategic benefits or impact on operations

LAS VEGAS, June 09, 2025 (GLOBE NEWSWIRE) -- via IBN -- Next10, Inc., (OTC PINK: NXTN) is excited to announce the acquisition of Torreon Group, Inc. Torreon Group is an Arizona-based company with a strong portfolio in real estate development, commercial ventures, and strategic acquisitions.

Additional details regarding the acquisition will be shared in public announcements, starting later this week.

This Press Release does not constitute an offering of any securities for sale.

Safe Harbor Statement: This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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FAQ

What company did NEXT10 (NXTN) acquire in June 2025?

NEXT10 acquired Torreon Group, an Arizona-based company specializing in real estate development, commercial ventures, and strategic acquisitions.

What are Torreon Group's main business areas?

Torreon Group's main business areas include real estate development, commercial ventures, and strategic acquisitions.

When will NEXT10 release more details about the Torreon Group acquisition?

NEXT10 plans to release additional details about the acquisition through public announcements starting later in the week of June 9, 2025.

What is the value of NEXT10's acquisition of Torreon Group?

The press release does not disclose the financial terms or value of the acquisition of Torreon Group.