Rye Brook, New York--(Newsfile Corp. - December 31, 2020) - Here to Serve Holding Corp. (OTC Pink: HTSC) (the "Company") announced net income of $335,587, or $0.01 per basic share, for the year ended September 30, 2020, as compared to a net loss of $586,733, or $(0.01) per share for the year ended September 30, 2019. The Company hired a PCAOB auditor and has filed audited financial statements on OTC Markets.
Revenues amounted to $559,829 in fiscal 2020 as compared to $0 in fiscal 2019.
"We are pleased with our profitable operations and the value of our assets," said Paul Riss, CEO. "Our ability to provide consulting and financial reporting services to public companies, including companies in the mining industry, produced two significant assets on our balance sheet. We ended fiscal 2020 with investments in public-company stocks that have a market value of $485,075, and we own mineral rights to approximately 5,100 acres of land in the mineral-rich Timmins Camp in Ontario, Canada."
"We believe we are in the right place at the right time," continued Riss. "Our nickel project is located in the heart of the prolific Timmins mining camp, adjacent to established infrastructure to support the robust regional mining activity. Our nickel-exploring neighbors in the Timmins mining camp have a market capitalization of 15 to 20 times the market cap of our Company. And yet, at this point in time, our property contains the highest-grade historical RC drill hole (FH-68) in the entire area, which contains 3.5% nickel, 1.25% copper and precious metals over 27 feet vertically. We are eager to build our Company to feed the nickel demand for the high-growth electric vehicle and the stainless steel markets."
About Here to Serve Holding Corp.
Here To Serve Holding Corp. is a holding company that hunts for undervalued assets in the mining, real estate, and securities industries. Its wholly owned subsidiary, Fortune Nickel and Gold Inc. ("Fortune"), is dedicated to the global acquisition, exploration and development of mining properties in prolific jurisdictions. Fortune recently acquired a mining project known as the Gowan project located in the Timmins mining camp in Ontario, Canada. The Gowan project is a nickel property for which company management and skilled technicians are moving quickly through the mining sequence. Through technology, science and the experts at Prairie Fire Enterprises, Fortune expects the Gowan project to be a massive nickel find. Please visit our web sites at www.heretoserve.tech and www.fortunenickelandgold.com.
Please call Investor Relations with any questions at 855-4NICKEL (855-464-2535) extension 1.
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/71196