VAYK aims to achieve 100% operating revenue growth to $1.4 million for 2025
- 100% projected operating revenue growth from $668K in 2024 to $1.4M in 2025
- Eliminated $2.55M in debt, with $2.37M forgiven or cancelled
- Sold overseas investment for $320K profit
- Secured joint venture for Rufus Rose House renovation
- Reduced interest costs by 66% from $236K to $81K
- No toxic debt financing or free trade shares issued in over 3 years
- Current achievements still below management and investor expectations
- Historical debt burden of over $3M indicates past financial struggles
- Relatively small revenue base despite growth projections
"We reported about
A Huge Turnaround
"This is a huge turnaround," emphasized Armstrong. "Three years ago, this company was a sinking ship, in deep debt of over
"Most importantly, we have achieved all of this without using any toxic debt financing. We have not issued any free trade shares for more than three years, and our interest cost had dramatically dropped to only about
"However, our achievements so far have not met the expectations of either our investors or our management team. We are working very hard on several initiatives, and hopefully, we will be able to report greater progress in a few months," claimed Armstrong.
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
VAYK Contact:
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SOURCE Vaycaychella, Inc.