HST Global Inc (PK) (HSTC) 시세

$HSTC Here to Serve Holding Corp. to Acquire DCE Construction, Inc., dba Mesa Garage Doors, in Transformative Share Exchange Agreement

https://www.accesswire.com/796665/here-to-serve-holding-corp-to-acquire-dce-construction-inc-dba-mesa-garage-doors-in-transformative-share-exchange-agreement

ANAHEIM, CA / ACCESSWIRE / October 26, 2023 / Here To Serve Holding Corp. (OTC PINK:HTSC) (the "Company" or "HTSC"), is pleased to announce that it has entered into a definitive Share Exchange and Reorganization Agreement for the acquisition of DCE Construction, Inc., doing business as Mesa Garage Doors ("MESA"), a Southern California-based leader in home improvement solutions focused on the sale, service and installation of garage doors, entry door and custom gates. Subject to satisfaction of certain closing conditions, the acquisition is expected to close in November 2023.The agreement marks a significant milestone for both companies as they prepare to embark on a new chapter.

Below are some key highlights of the transaction:

1. Share Acquisition: At closing, HTSC will acquire all outstanding shares of MESA in exchange for the issuance of 1.4 billion restricted shares of HTSC common stock to the shareholders of MESA in a tax-free reorganization.

2. Preferred Stock Acquisition: At closing, MESA's shareholders will also purchase all Series A and Series C Preferred Stock of HTSC, all of which are held by an affiliate of HTSC.

3. At closing, HTSC's current officers will resign, and Dwight Esnard (CEO of MESA) and Michael Layman (CFO of MESA) will be appointed as HTSC's new CEO and CFO, respectively.

4. At closing, HTSC's current directors will also resign, and MESA's directors, Dwight Esnard and Michael Layman will be appointed as the sole members of HTSC's board.

5. Ownership Equalization: At closing, Paul Riss, CEO of HTSC, will receive an additional 43,200,000 shares of HTSC common stock as consideration for the cancellation of certain debt owed to Mr. Riss, maintaining a 4% total ownership stake in HTSC post-closing. Pursuant to the agreement, dependent upon the value of HTSC's common stock one year from the closing date, Mr. Riss may also be entitled to receive certain additional shares of HTSC common stock.

6. Spin-out of Legacy Business: In connection with, and as promptly as possible after closing of the MESA acquisition, it is anticipated that HTSC's legacy business and subsidiaries will be spun-out into a separate public entity to the holders of HTSC's common stock as of a record date prior to closing of the acquisition. The Company has filed the necessary Issuer Company-Related Action Notification with FINRA in connection with the spin-out, seeking a record date of November 2, 2023. Details regarding the anticipated spin-out will follow in a separate disclosure.

7. After closing of the MESA acquisition, the Company will promptly file an Issuer Company-Related Action Notification with FINRA to complete a name and ticker symbol change to better align HTSC's name with its new business.

Until the MESA acquisition closes, HTSC and MESA will remain separate, independent companies and will operate as such.

Executive Commentary:
Paul Riss, outgoing CEO of HTSC, stated, "This strategic transaction with MESA fortifies our market position and sets the stage for significant growth. I am confident that Dwight Esnard, our incoming CEO, will steer the Company to unprecedented success."

Financial Valuation and Outlook:
MESA obtained an independent valuation as of July 31, 2023 showing that the company has an enterprise value of approximately $41 million. MESA generated unaudited gross revenue of approximately $20.3 million for the year ended December 31, 2022, and is on track to achieve revenue of approximately $23.5 million for the year ended December 31, 2023. By 2025, MESA projects a revenue target of $30 million, with a 10% year-over-year growth rate anticipated for 2026.

MESA Operational Enhancements:
Technological upgrades and workforce training have improved closing ratios, while a high-impact marketing campaign has boosted average sales and appointment success rates. MESA has plans to horizontally diversify into other home improvement areas in addition to garage door installation/repairs, as well as grow through an aggressive M&A campaign of strategically aligned businesses throughout the US.

Financial Audits and Transparency:
MESA is currently undergoing a two-year audit by a PCAOB-registered audit firm that is expected to be complete in the near term. HTSC has had a PCAOB audit for the past two years. The Company plans to register as a reporting company with the Securities and Exchange Commission after the audit work is completed.

Closing Remarks:
Dwight Esnard, incoming CEO, commented, "This agreement marks a pivotal moment for MESA as we transition into a public company. We are committed to delivering significant value to our stakeholders and believe we are poised for a period of dynamic growth and innovation."

Added some more today, just seems like something has been happing here this past 2 months or so, as volume while not high...has been higher than usual. Nothing on social media, so seems more than just a low float pump...idk.

Most volume in 2 years today.

OK, I see where you are making the connection now. I don't know anything about that company, have not followed it at all. I'm not sure there has been enough volume here to say for sure something is up, I just know over the past year, there has been almost no buying with the exception of me and now it's getting a few hits......whether it means anything or its just someone collecting a few shares of a cheap shell with a fantastic share structure I don't know....its possible.

If volume picks up and it starts getting more out of the blue hits then maybe I'll get excited.... but for now I don't think there has been enough volume JMHO.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=168624469&txt2find=hstc

I'm curious, is there some connection between the companies, or a rumor, that would lead you to believe that....?

I am here because I am hoping HSTC will merge with a company that I am a shareholder of that went up Big last year and was than delisted by the SEC.
I know I am grabbing at straws, but that all I have left.

I hope so, I've been accumulating for a little over a year now, would love to see a decent merger or acquisition . OTC M&A's are not what they use to be, of course the entire OTC is not what it use to be..... but I still think with this share structure it would be pretty good, depending on what it was. Likely a move similar to GP_LB which has a very similar float and amount of shares held @ DTC to HSTC.

You are not alone. I am thinking the same thing.

Could be wrong but I'm getting the feeling something may finally be happening here with these small buys out of the blue here lately, they have been looking for a merger or acquisition for years, ever since the deal with Orbital Group was terminated back in Jan 2020.......would be nice if they finally found something.

Burp what. It’s 8 cents.

HSTC one for 15 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

11/25/2019 11:39:40

Reverse Split / CUSIP Change

11/26/2019 00:00:00

HSTC

HST Global, Inc. Common Stock

1:15

Didn’t read it

You still in here did u read the q :)

Burpp

Hey Thanks for the info picked up some shares today. This is good news. Only one reason to keep the filings current right. That means they must be doing something. I think there is something percolating here. Last time this got exposure was due to the linkage to PRED. PRED came back to life in the past couple of day. I see a correlation. Anyone think this could be a merger in the works or maybe a spinoff from PRED? Thoughts?

Action last 2 days... anyone know anything?

HSTC new: Entity Status: Active----HSTC old: Entity Status: Default

Nevada SOS

$HSTC .01+

https://www.nvsilverflume.gov/dashboard/business/1697130

What's up today? Moving a little

Would love to see this one wake up again!

Scooped some cheapies today.

$HSTC 3 Months Chart

Is there still some life here? Was up 40% at one point yesterday

http://www.buzzfile.com/business/Health-Thru-Nutrition.com-757-766-6100

HUMMMMMM....same President?

$HSTC

agreed this could run 500% with that float ..

I have been doing some DD on this GEM. Looks like something huge is brewing :)

Nice Find, I added yesterday. May chip away at those .02s

5.9M in revenue

I'm also noticing more frequency of coverage on the stock lately. Holding and watching.


https://nysenewsanalyst.com/2019/05/17/charming-stocks-hst-global-inc-otc-ushstc/

https://nysenewsanalyst.com/2019/05/15/pivoting-stocks-hst-global-inc-otc-ushstc/

Yeah, you know why? It has less than a 10 million float and they just hired an investor relations representative, which means they will be coming out with PR's. They pull in 5.6 million a year. Do you know what they do? This is going to be HUGE as soon as it gets exposed. And keep in mind this is organic. There is a slow incline happening here as people are finding out. I wonder how fast people will catch on.

My lucky numbers

Nibble nibble, looks like we are going back up for leg 2 ;)

Found the float. It’s 9.68 million.

How do I upload a picture here from my phone.

Why is ihub so frustrating??

L2 looks like its making a shift before close. Chart is curling back up again. Was hoping to get some shares down there.

Who cares, they are actually making a lot of efforts to communicate with investors and they have a tiny float. It has moved on the littlest volume. I’m surprised its at the price it’s at right now. I’m estimating it will be at .056 conservatively next week. Volume is consistently getting higher too with buys consistently double the sells. Well have to wait and see.

It was the IR guy from PRED who replied back, not the CEO. Rich@predtechgroup.com. Didn’t realize he was just the IR guy.

Right I know. Apparently this CEO is a big deal. But 36m is the OS not the float.

The float must be tiny! Please post here if you notice any share structure updates. I would really appreciate it. I think we got to something very big very early.

That 36 mil float is in the filings. What is really interesting is the connection to PRED. That thing has been on fire and I think people got wind that the CEO of PRED is also the director here. The thought is that they are going to move some assets into this shell as part of a spinout or that they are going to be buying some technologies but here the deal - bet on the jockey or the horse. The jockey - Brad Robinson appears to be a great operator. Thats the bet and I think its a good one.

Anyone know what the float is? Must be tiny if the os is only 36m.

10Q out!

https://www.otcmarkets.com/filing/html?id=13435694&guid=O4AyUWNUzPzJKth

Again, someone ate all that stock and going back up on nothing

Forgot how hard it is to copy and paste. Thank you. Ill reach out

Can you provide the script from your email?

Yeah just email him, he will tell you the same. His email is on the otcmarkets under ticker PRED.

Obviously something is going on because someone is still eating up the cheap stuff. Chart looks amazing and some sort of merger could be possible.

Could be why they removed the connection DD info so the merger is under the radar

HSTC is Fully SEC Reporting.... 37M OS...looks like this unusual activity lately could be some kind of merger coming.......

z

And 2240 on the 14th.