ATWEC Reaches Profitability, Announces Massive Earnings Growth, and a Strong Forecast for the Rest of 2024

Tulsa, OK -- August 15, 2024 -- InvestorsHub NewsWire -- ATWEC Technologies, Inc. released its second quarter earnings. Highlights include:

Quarter 2 Net Income was $189,000 versus a loss of $3,698 for the same period in 2023
Quarter 2 Revenue was $733,579 versus $8,050 for the same period in 2023
The company completed its acquisition of The Brich Co, LLC and will file paperwork to rename it to The Birch Co and change the ticker symbol.
The company has identified 112 million shares of common stock that should return to the treasury, offsetting the 112 million shares being issued to finalize the Birch Co acquisition, making the acquisition non-dilutive.
As the company positions itself to up-list, it announced a one to forty reverse stock split
Record year-over-year growth is forecasted to continue through the remainder of 2023

"Focusing on quality, integrity, innovation, and operational efficiency provides the foundation for our success. We are excited to announce the revenue growth and, more importantly, our profitability for the second quarter," said Josh Ploch, Chief Executive Officer.

While announcing a stock split, the company also made clear an intent to up-list as the business continues to grow.

"We are forecasting record revenue and net income for the second half of 2024. In addition, we are working on several contracts that, if signed, would lead to an order of magnitude of revenue growth for the company." Angus Martin, COO

For more information, please visit www.thebirchco.com or contact:

Josh Ploch
Chief Executive Officer
josh@thebirchco.com

About The Birch Co
The Birch Co is a leading innovator in the construction industry, dedicated to delivering high-quality, affordable homes, high-end custom homes, and commercial construction projects to its customers. With a commitment to excellence and innovation, The Birch Co. is at the forefront of modern building solutions in the Sunbelt region.

About ATWEC
Advanced Technologies Worldwide Corporation (ATWT) specializes in providing cutting-edge solutions to customers. With a strong emphasis on technology and innovation, ATWC is known for its focus on quality and safety in development and manufacturing.

FORWARD-LOOKING STATEMENTS:

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements, including statements that include the words "expect," "intend," "plan," "believe," "project," "forecast," "estimate," "may," "should," "anticipate" and similar statements of a future or forward-looking nature. These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees but involve known and unknown risks, uncertainties, and other essential factors that may cause actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update or revise any forward-looking statements for any reason except as required by law.

Atwec Technologies (PK) (USOTC:ATWT)
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から 10 2024 まで 11 2024