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BUFORD, GA/ACCESSWIRE/March 15, 2022/ MasterBeat Corporation (OTC PINK:MSTO), a holding company specializing in tangible and tangible asset acquisitions with a particular focus on real estate, collectible classic automobiles and other tangible assets, provides an update on the business and forward-looking directions for calendar year 2022.
In 2021, Masterbeat’s goal was to prove its robust business models within its portfolio of businesses focused on asset acquisitions in the real estate and automotive sectors. The company’s pilot real estate acquisitions, which began in 2019/2020, were expected to generate revenue, profitability and asset appreciation and be self-sustaining. Even with the complications caused by the COVID pandemic, Masterbeat’s pilot projects, including Verano Palace, in its real estate segment have achieved all of these business model goals, proving the company’s real estate business model even in the environments and most difficult conditions.
Masterbeat subsidiary SBQ Holdings will remain focused on land acquisitions in the Florida Panhandle for the next 12 to 24 months while incorporating other opportunities as they arise. Rented Inc., recently ranked the Florida Panhandle as the best place for investors to purchase vacation rental homes. Florida’s Northwest Gulf Coast ranked first in the new “100” Best Places to Buy Vacation Rentals based on cost of ownership, short-term income potential, cost of acquisition, annual appreciation and expected changes in asset values. https://www.inman.com/2020/07/20/florida-is-the-no-1-state-to-purchase-a-vacation-rental/
With SBQ’s business model proven to deliver revenue, value and appreciation, it will continue to develop vacation rental properties for resale until markets change and the market changes. it becomes more feasible to keep properties and rent them out.
The REG A offering will help us scale our proven model faster. With property values growing by 24.3% annually, the SBQ intends to acquire as many properties as possible. With every $500,000 to $600,000 of gross land purchases, SBQ can add another $4 million in asset value to the books with the potential for over $2 million in profit. The Company has obtained construction loans for constructions using the purchased land as collateral. Thus, any funds raised in the market to purchase land secure the construction loan and add significant asset value and profit.
In 2022, SBQ also plans to work closely with a 3D-printed housing technology company that it has been in discussions with since 2019. There are 7 million low-income homes needed today in the United States. SBQ is dedicated to giving back to society and helping homeless people and solving the problem of affordable housing here in the United States.
The company’s automotive division, JTEC Automotive, has not been as productive during the pandemic and supply chain issues. The auto parts industry has been extremely hard hit. Ninety percent (90%) of aftermarket auto parts are produced outside the United States and 90% of aftermarket auto body parts are produced in Taiwan. Shipping issues and lack of raw materials to manufacture parts have made it extremely difficult to acquire auto parts with backorders that do not have a firm date when the customer can receive the part.
In light of the supply chain issues, the company decided to pivot and diversify its efforts by focusing on the used car and used auto parts section of its business model until the aftermarket auto parts industry to return to a certain level of normality. JTEC Automotive will also focus on completing existing cars in its portfolio and will evaluate other types, including virtual, token and others, of ownership platforms and opportunities.
“In 2022, we fully intend to aggressively implement our land acquisition plan to build our portfolio of large vacation-style short-term rental properties. The rise and growth of rental platforms short-term, such as Airbnb, HomeAway, and Flipkey, and the post-COVID need for multi-family vacation properties has created massive demand for short-term vacation rentals, and we believe demand will continue to grow at two numbers over the next five years. According to rental management platform, Rented Inc., the Florida Panhandle is the best place for investors to buy vacation homes and Florida is the No. 1 state to buy vacation rental property. holidays,” said Josh Tannariello, CEO of Masterbeat Corp. “As we develop our proven model, we are confident that it can generate greater revenue and s profits while delivering substantial dividend-like returns. »
Josh Tannariello continues, “MasterBeat plans to strategically use its recently filed Regulation A capital raise to aggressively purchase similar parcels of land. These acquisitions, coupled with traditional construction loan financing (as recently announced) to build our vacation rental properties, are expected to grow exponentially. cash flow, revenue and asset value to realize a potential trade market movement. We are now focusing on proving the development side of our business model.
About MasterBeat Corp.
MasterBeat Corporation (OTC: MSTO), incorporated under the laws of Delaware, is a publicly traded company specializing in acquisitions of tangible and tangible assets with a particular focus on real estate, precious metals and other tangible assets . The company believes that its incremental approach to an old-school model, particularly in this market based on fragile earnings multiples and uncertainty, to acquiring material, tangible assets will not only deliver long-term capital appreciation , but also income, profit and self-sufficiency.
[email protected]
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based on current expectations or beliefs, as well as on a number of assumptions regarding future events. Although we believe that the expectations and assumptions on which they are based are reasonable, we cannot guarantee that these expectations and assumptions will prove to be correct. Some of these uncertainties include, but are not limited to, the Company’s ability to perform on existing contracts or obtain future contracts. The reader is cautioned not to place undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including, without limitation, the successful implementation of our business strategy and competition, each of which may cause actual results to differ materially. from those described in the declarations. We undertake no obligation and do not intend to update, revise or publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events. Although we believe that our expectations are based on reasonable assumptions, we cannot guarantee that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.
Contact:
Josh Tannariello
561-570-7050
[email protected]
ACHIEVEMENTS 2021
- January 13and2021, MasterBeat released a corporate update and provided
- December 15and2021, the company filed a REG A offer to raise up to $10 million.
- In April 2021, SBQ Holdings LLC. accepted a $1.4 million offer for the Verano Palace”. The property had generated over $200,000 in revenue, was self-sustaining and profitable.
- In 2021, SBQ announced that it had acquired 4 parcels of land in the Florida Panhandle, which has been ranked #1 in the United States for short-term vacation real estate investment.
- On March 23, 2021, MSTO announced that it had acquired a parcel of land in Santa Rosa Fl for $400,000 and planned to begin construction of a 5,000 square foot vacation property with a construction cost of approximately $1,400,000 million. The total cost is approximately $1.8 million. Our actual cost was $1.85 per $500,000 overage. (SOLD FOR $4.25M)
- January 4and, 2022, announces that it has sold its beach property 183 Rolling Dunes, Santa Rosa Beach, Florida for $4.25 million ($4,250,000). The land acquisition and construction costs for this property are $1.85 million ($1,850,000), which generates a gross profit of $2.4 million ($2,400,000) for the company. .
- On June 07, 2021, SBQ announced that on June 3, 2021, it had purchased land in Navarre, Florida for $365,000 and would be building another high-end vacation home on the beach using traditional financing.
- On July 13, 2021, SBQ announced that it had purchased two additional properties in Santa Rosa Beach, Florida, for a total of four parcels of land, to build another large upscale beach vacation style home.
THE SOURCE: MasterBeat Corporation
See the source version on accesswire.com:
https://www.accesswire.com/693185/MasterBeat-Corporation-Provides-Corporate-Update-and-2022-Guidance
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