Tipmefast, Inc. Announces its Wholly-Owned Subsidiary Lucent Inc. Reports Results Through August

Rhea-AI Summary

Tipmefast, Inc. (OTC: TMEF) has announced financial results for its wholly-owned subsidiary, Lucent, Inc., through August 31, 2024. Lucent, which operates in the EV battery sector and AI computing efficiency space, reported total assets of $6,178,135 and revenue of $310,701. The company, with offices in Irvine, CA and Taipei, Taiwan, emphasizes sustainable business practices, aligning with all 17 UN Sustainable Development Goals. This update provides insight into Lucent's financial position and its commitment to sustainability in the rapidly evolving EV and AI industries.

Positive

• Lucent, Inc. reported total assets of $6,178,135
• Revenue of $310,701 generated through August 31, 2024
• Company aligns with all 17 UN Sustainable Development Goals

Negative

• Low revenue figure of $310,701 relative to total assets

SANTA ANA, CA, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Tipmefast, Inc. (OTC: TMEF) today announced that Lucent, Inc., (Lucent or the “Company”), its wholly owned subsidiary, a company currently operating in the EV battery sector with a specialization in providing technical efficiencies to the AI computing and application ecosystem building, with offices in Irvine, CA and Taipei, Taiwan has received results from its subsidiary through September 18, 2024.

Lucent’s battery production subsidiary has reported that as of August 31 of this year, total assets are $6,178,135 with $310,701 in revenue.

Lucent engages in sustainable business practices and is one of the few businesses to cover all 17 of the UN’s Sustainable Development Goals.

Further information on Lucent can be found at https://www.lucentlabs.ai.

About Lucent Inc.:

Lucent’s mission is to revolutionize the AI datacenter and cloud computing industry by AI applications platform and harnessing the power of clean energy. With offices in Irvine, CA and Taipei, Taiwan, Lucent is committed to providing sustainable, reliable & high-performance solutions that empower businesses and public sectors to thrive in a digital world. Through collaboration & partnership with governments, businesses and communities, and unwavering dedication to environmental responsibility, Lucent strives to create a brighter, cleaner future for all.

Forward Looking Statements Disclaimer

Certain information set forth in this press release contains “forward-looking information”, including “future-oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company’s business, projects, and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; (vi) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company’s current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.

These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.

Although forward-looking statements contained in this press release are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

Investor Relations Contact:

Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

FAQ

What are Lucent Inc.'s total assets as of August 31, 2024?

Lucent Inc., a subsidiary of Tipmefast, Inc. (OTC: TMEF), reported total assets of $6,178,135 as of August 31, 2024.

How much revenue did Lucent Inc. (TMEF) generate through August 2024?

Lucent Inc., a subsidiary of Tipmefast, Inc. (OTC: TMEF), reported revenue of $310,701 through August 31, 2024.

What industries does Lucent Inc. (TMEF) operate in?

Lucent Inc., a subsidiary of Tipmefast, Inc. (OTC: TMEF), operates in the EV battery sector and provides technical efficiencies to the AI computing and application ecosystem.

How does Lucent Inc. (TMEF) approach sustainability in its business practices?

Lucent Inc., a subsidiary of Tipmefast, Inc. (OTC: TMEF), engages in sustainable business practices and covers all 17 of the UN's Sustainable Development Goals.