Tampa, FL -- October 1, 2024 -- InvestorsHub NewsWire --
Integrated Ventures Inc. (OTCQB: INTV),
("Company") is pleased to confirm the filing of Form 10K/Annual
Report, for financial period, ending on July 30, 2024.
Financial Highlights + Management
Comments:
-
Total
Annual Revenues: $5,863,935.00 (2024) vs $3,862,849.00
(2023).
-
Total
Liquid Capital (Cash+ Digital Assets) Available : $1,771,891.00
(2024) vs $705,423.00 (2023).
-
Total
Assets: $3,942,691.00 (2024) vs $6,590,569.00 (2023) - mainly due
to accounting entries for impairment of property and mining
equipment.
-
Total
Current Liabilities: $3,683,142.00 (2024) vs $2,975,451.00 (2023) –
mainly due to accounting entries for accrued stock dividends, due
to shareholders with preferred shares.
-
Net Income (Loss): ($11,524,357.00) (2024) vs ($25,459,967.00)
(2023) – mainly due to the stock compensation issuances for
management and consultants and losses on disposition of the
property and mining equipment.
Steve Rubakh, CEO of Integrated
Ventures, adds the following commentary:
"The management has
made a strategis decision to expand business operations by entering
lucrative and rapidly growing health and wellness sector, with
focus on weight losss management solutions.
As of
09/30/2024, the Company have launched and fully funded internally,
the following wholly owned subsidiaries: (1) Digital currency
mining and hosting, (2) MedWell USA, LLC - B2B procurement agency
with focus on the health and wellness category. This subsidiary
markets medical weight loss and GLP-1 products by targeting medical
offices, wellness clinics, gyms, and online telemedicine companies,
(3) MedWell Direct, LLC – Operator of D2B/B2C telemedicine
platforms that connect consumers with licensed healthcare providers
and provides weight loss management services, driven by GLP-1
products and (4) MedWell Facilities, LLC - Facilities management
company is dedicated to the health and wellness industry. This
subsidiary is focused on developing real estate opportunities,
designed to attract health and wellness tenants.
The
Company is planning to launch 3 new websites to support newly
launched subsidiaries and finalizing details on multiple B2B joint
venture opportunities, related to health andwellness sector, with
goal to increasing shareholder's value and revenue growth."
About:
Integrated Ventures, Inc is
Technology Holdings Company with focus on developing, acquiring,
operating and investing in businesses, such as e-commerce, health
and wellness solutions and cryptocurrency mining.
For more details, please
visit the Company's website:
www.integratedventuresinc.com.
Safe
Harbor Statement: The information posted in this release may
contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of1995. You can identify
these statements by use of the words "may," "will," "should,"
"plans," "explores," "expects," "anticipates," "continue,"
"estimate," "project," "intend," and similar expressions.
Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those
projected or anticipated. These risks and uncertainties include,
but are not limited to, general economic and business conditions,
effects of continued geopolitical unrest and regional conflicts,
competition, changes in technology and methods of marketing, and
various other factors beyond the company's control.