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Rye Brook, New York--(Newsfile Corp. - February 16, 2021) - Here to Serve Holding Corp. (OTC: HTSC) (the "Company") announced net income of $662,395, or $0.01 per basic and fully-diluted share, for the three months ended December 31, 2020, as compared to a net loss of $32,830, or $0.00 per share for the three months ended September 30, 2019.
"Our consulting services continue to contribute to our bottom line, while we make significant progress in the exploration of our 177 mineral claims in the Timmins mining camp," said Paul Riss, CEO. "In addition to our exploration for nickel and gold, we provide consulting services to four publicly traded companies. Our investments in these public companies provides revenue and profits to the Company as we seek to explore our massive and compelling property of almost 9,000 acres. We seek to find the next nickel and base-metal mines in the Timmins camp so we can feed the electric vehicle battery demand for battery metals."
The Company received a completed geophysical survey of its Gowan nickel sulphide project that identified eight anomalies for drilling. It indicates strong potential for multiple metallic commodities and wealth. The Company has now hired a similar geophysical study of its Beck-Ottaway project, that consists of 75 mining claims. The Beck-Ottaway Property is geologically underlain by a thick pile of serpentinized-altered, ultramafic, and mafic suites of rocks that typically host world-class nickel sulfide deposits in the Timmins camp. There has been no significant exploration activity on the property for more than 50 years, making it an exciting exploration target, with enormous blue-sky potential for nickel, base-metal, and gold opportunities.
The Company's quarterly report has been uploaded to OTC Markets. Please refer to the filings and disclosures for first quarter results for fiscal year 2021.
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. Run by an experienced team of professionals with diverse backgrounds, the Company recently formed a 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 mining projects known as the Gowan and Beck- Ottaway properties located in the Timmins mining camp in Ontario, Canada. The Timmins mining camp lies at the heart of the Abitibi greenstone belt, which contains some of the world's largest deposits of gold, silver, copper, zinc, nickel, platinum-group metals, and industrial minerals such as talc. Fortune believes its projects have substantial gold and nickel potential. For further details of our exploration projects, 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/74508