YCRM ReachOut Technology Returns to Trading: CEO Rick Jordan Lays Out Blockchain CyberSecurity Strategy and Industry-First AI MSP Partnership In Shareholder Letter
NEWMEDIAWIRE) - Yuengling's Ice Cream Corporation (OTCMKTS:YCRM)
ReachOut Technology ('ReachOut'), wholly owned subsidiary of Yuengling's Ice Cream Corporation (OTC: YCRM), today is marking several transformative milestones with the release of a comprehensive shareholder letter from Founder and CEO Rick Jordan.
**TO OUR SHAREHOLDERS**
ReachOut Technology marks its return to active trading with significant developments in blockchain security, service delivery transformation, and growth plans and expansion in 2025. Let's go!
**AUDIT COMPLETION & MARKET STATUS**
ReachOut Technology has successfully returned to active trading, following a rigorous nine-month process completing comprehensive audits spanning multiple entities and years of operation. This extensive effort encompassed five separate full audits - including the original YCRM vehicle, ReachOut's historical financials (2 years), and two revenue-generating acquisitions (2 years each) - culminating in a consolidated transition period audit (10-KT) and three completed 10-Q filings for 2024.
Trading View picked up the filing and said ... 'Gross profit stood at $783,578 for the three months ended September 30, 2024, and $2,758,990 for the nine months ended September 30, 2024, indicating improved cost management and efficiency.'
'The temporary delisting was excruciating, but it forged something extraordinary,' stated Rick Jordan, CEO of ReachOut Technology. 'This horrendous process, while time-consuming, has established a rock-solid foundation for our future growth. The resilience demonstrated speaks volumes about what's coming next.'
**NAME CHANGE & CORPORATE IDENTITY TRANSFORMATION**
The company's FINRA application for name and symbol change has been re-submitted, finalizing the reverse merger with Yuenglings and corporate restructuring. While the regulatory review typically requires 60 days to several months, ReachOut is already actively engaging to expedite the process.
'This isn't just paperwork,' Jordan emphasized. 'This is who we are. This is what we've built. ReachOut Technology is about to take its rightful place in the market.'
**2025 GROWTH INITIATIVES**
ReachOut Technology's growth strategy centers on three measurable objectives: expansion of its established managed services business, execution of identified acquisition targets, and penetration of specific market verticals. Organic revenue growth and acquisitions are paramount, and ReachOut is also building something brand new in blockchain security.
'Let me be crystal clear about our growth strategy,' Jordan stated. 'We're going ALL IN. Our pipeline is stacking, and we're just getting started.'
**TRUSTLESS**
ReachOut Technology is announcing it is securing a substantial stake in TRUSTLESS, a blockchain security disruptor. Jordan will serve as CEO of both organizations, creating powerful strategic alignment. This equity position strategically positions ReachOut to capitalize on TRUSTLESS' growth trajectory and future liquidity events.
This strategic position extends far beyond conventional blockchain applications, targeting how organizations handle sensitive credentials and digital identity, addressing the massive security vulnerabilities that plague traditional password and authentication systems. This strategic stake positions ReachOut shareholders to benefit from TRUSTLESS's innovation in the $1.4+ trillion enterprise security market, where credential breaches remain the primary attack vector for major corporate compromise, and government like the recent US Treasury hack.
'This isn't just another blockchain company,' Jordan explained. 'TRUSTLESS represents a complete reimagining of how handling digital identity and sensitive data is approached. Through leadership of both organizations, we've created perfect strategic alignment. Perfect positioning. Perfect timing.'
Jordan recently appeared on David Meltzer's global podcast 'The Playbook' to discuss TRUSTLESS.
**ARTIFICIAL INTELLIGENCE INITIATIVES**
ReachOut Technology announces strategic partnership with Neo AI focusing on a groundbreaking initiative... development of the industry's first fully autonomous Level 1 Technician. This revolutionary approach to service delivery automation has shown incredible potential in the MSP space achieving 35% faster ticket resolution times and dramatic cost reductions at scale. This initiative breaks the traditional MSP growth model by enabling exponential scaling without proportional overhead increases as ReachOut continues both organic and acquisition strategies.
'While others talk about AI, and MSPs are scared of it, we're deploying it,' Jordan emphasized. 'This enables us to scale massively without the traditional overhead that kills most MSP margins. While other providers remain stuck adding technicians with every new client, we're shattering that model completely.'
**VISIBILITY & THOUGHT LEADERSHIP**
ReachOut continues establishing market presence through strategic industry engagements. Jordan recently presented enterprise blockchain security solutions at CES's Web3 stage and will keynote alongside David Meltzer at Cre8tive Con in Chicago, addressing practical AI implementation and monetization strategies for 2025.
Kevin Harrington, the original shark from ABC's Shark Tank, continues on the board of directors and close advisory. 'Everything that Rick's told me would happen, has happened... He knows how to scale,' Harrington said.
**MORE TO COME**
With audits completed, strategic initiatives producing measurable results, and clear growth objectives established, ReachOut Technology demonstrates tangible progress toward market leadership in 2025.
'To those who stuck with us through the audit process...THANK YOU. Your patience is about to be rewarded,' Jordan concluded. 'We're not just planning for growth... we're executing on it. Right now.'
@mrrickjordan on X
@mrrickjordan on Instagram
@reachoutit on X
For media, TV appearance and Investor Relations Contact:
Email: [email protected]
Phone: 312-288-8008
Information about Forward-Looking Statements
This press release contains 'forward-looking statements' that include statements regarding expected financial performance and growth information relating to future events. Forward-looking statements include statements with respect to beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the control of the Company and its officers and managers, and which may cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in, or suggested by, the forward-looking statements. Important factors that could cause these differences include, but are not limited to; inability to gain or maintain licenses, reliance on unaudited statements, the Company's need for additional funding, governmental regulation of the cybersecurity industry, the impact of competitive products and pricing, the demand for the Company's products, and other risks that are detailed from time-to-time in the Company's filings with the United States Securities and Exchange Commission. All statements other than statements of historical fact are statements that could be forward-looking statements. You can typically identify these forward-looking statements through use of words such as 'may,' 'will,' 'can' 'anticipate,' 'assume,' 'should,' 'indicate,' 'would,' 'believe,' 'contemplate,' 'expect,' 'seek,' 'estimate,' 'continue,' 'plan,' 'point to,' 'project,' 'predict,' 'could,' 'intend,' 'target,' 'potential,' and other similar words and expressions of the future. The Company expresses its expectations, beliefs and projections in good faith and believes that its expectations reflected in these forward-looking statements are based on reasonable assumptions. However, there is no assurance that these expectations, beliefs and projections will prove to have been correct. Such statements reflect the current views of the Company's with respect to its operations and future events, and are subject to certain risks, uncertainties and assumptions relating to its proposed operations, including the risk factors set forth herein. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, the Company's actual results may vary significantly from those intended, anticipated, believed, estimated, expected or planned. In light of these risks, uncertainties and assumptions, any favorable forward-looking events discussed herein might not be realized and occur. The Company undertakes no obligation to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise. For a more detailed description of the risk factors and uncertainties affecting the Company, please refer to the Company's recent Securities and Exchange Commission filings, which are available at www.sec.gov.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 hours ago
- Yahoo
BNP Paribas Exane dubs Goodyear "tariff winner," shares surge
-- Shares of Goodyear Tire & Rubber Co (NASDAQ:GT) soared 10.7% on Monday following an upgrade by BNP Paribas (OTC:BNPQY) Exane, which dubbed the company a "true tariff winner" and heightened the price target. Analyst James Picariello elevated the stock to Outperform from Neutral, highlighting Goodyear's estimated 10.5 percentage points cost advantage in the U.S. due to tariffs and its potential for price/mix-led earnings growth. Picariello's report indicated that Goodyear's cost advantage stems from the current Section 232 auto tariffs, which levy a 25% duty rate on about 55% of all U.S. tires sold that are non-USMCA-compliant. As Goodyear is the largest tire producer in North America and only 12% of its U.S. sales are subject to these tariffs, the company enjoys a significant cost benefit. The analyst expressed confidence in Goodyear's ability to leverage this advantage for earnings upside, emphasizing the industry's need to price for tariffs. The report also noted Goodyear's progress in narrowing its margin gap compared to peers and reducing net leverage, which is expected to reach healthy levels by next year. The success of the 'Goodyear Forward' cost savings initiative, which is on track to achieve more than $1.5 billion by the first half of 2026, and the company's effective divestitures are contributing to this positive outlook. In light of these developments, BNP Paribas Exane has raised its estimates for Goodyear's EBIT and EPS for 2026-2027, with the new price target set at $15, up from the previous $11. This valuation is based on an unchanged multiple of approximately 4.4 times the estimated 2026 EV/EBITDA, compared to peers at 4.9 times, reflecting Goodyear's net leverage and profitability. The upgrade and raised price target reflect a bullish sentiment on Goodyear's strategic positioning and its ability to capitalize on market conditions, which appears to resonate with investors as evidenced by the stock's significant rise in the trading session. Related articles BNP Paribas Exane dubs Goodyear "tariff winner," shares surge FTSE 100 today: Index edges lower, U.S.-China talks in focus; Alphawave soars Wolfe Research downgrades Equinix on valuation concerns after strong rally Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16 hours ago
- Yahoo
Dave Ramsey tells Washington State man negotiating with a repo man he should be at the bottom of to-do list
Jordan from Spokane, Washington, has collection agencies coming after him, so he called into The Ramsey Show for help negotiating with debt collectors. In particular, a repo agent — also known as a repossession agent, who is employed by a collection agency to repossess property over a failure to make contractual payments — has been 'coming at me hard.' Jordan said he has also gone into collections with some household bills. The repo man wants either $5,000 down with smaller monthly payments or a monthly payment of about $800 a month for a year and a half. 'I'm the sole provider of a family of four and so that kind of makes it difficult,' Jordan told Dave Ramsey during the episode. Jordan makes about $92,000 a year working in construction. He got behind with his payments when he switched jobs, but ultimately said, 'I can make excuses all day but really just being irresponsible with my money.' Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) When you're overdue with a bill — anything from a phone bill to a car loan to a medical bill — your account could be sent to collection after about three months. Companies may sell your debt to a collection agency and they employ agents who may use fear-based tactics to get you to pay up. But, what happens if you don't have the money to pay up? Negotiating with debt collectors is way down on Ramsey's list of priorities for Jordan. Instead, he advises him to start by making a list of everything in his budget. 'We're going to get extremely detailed, extremely organized,' Ramsey said. From there, he recommends Jordan follow what Ramsey calls the Four Walls: food, utilities, shelter and transportation. 'Food is first before you buy anything else,' Ramsey said. That means buying food so your family can eat — before dealing with the repo agent. 'He's way down on my list of things to worry about for you.' Buying food means buying groceries, not eating out. 'No food at restaurants when you're in collections,' he said. 'You're broke, you don't get to go to a restaurant — a restaurant is a luxury.' Second is taking care of utilities, such as water and electricity. That's second only to food. Since Jordan is behind on some payments, Ramsey says he should 'catch it up in the next check before you do anything else other than food.' Third is covering your rent or mortgage. Jordan's mortgage is $1,655 a month and is currently in a trial repayment plan, which means he has three months to get caught up. 'Until you do that, I don't care if repo man ever gets another dime,' Ramsey said. Fourth is ensuring you have transportation to get to and from work so you can continue to make a living. Whatever is left over can be used to pay down the debt. This 'emotionally sets the table for you to fight these goobers,' Ramsey said. Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says — and that 'anyone' can do it Jordan's first job, Ramsay said, is to take care of his own household because 'you're not going to make it emotionally if you keep putting these idiots at the front of the line because they threaten you.' Ramsey says the repo agent's job is to make you afraid because 'that moves him to the front of the line.' 'I want you angry — and afraid of nothing,' he said. 'Once you've got your family covered, then you can fight like a man.' If a repo agent is threatening to sue, Jordan can tell him he'll have to file Chapter 7 bankruptcy, in which case the repo agent will get nothing — though Ramsey isn't necessarily recommending that. Only once Jordan feels financially and emotionally stable, 'then and only then do we negotiate with other collectors.' At that point, he can negotiate an offer. Ramsey says debt collectors will typically settle for a quarter on the dollar for a cash offer. 'What you're doing is you're resetting the emotional table here to where we now know who's in charge of your money and it's you, not him,' he said, adding 'these guys are specialists at emotional terrorism.' Even if you owe money, you still have rights. The Federal Trade Commission's Fair Debt Collection Practices Act (FDCPA) provides protections to consumers against unfair, deceptive or abusive debt collection practices. Understanding your rights — and what debt collectors are and aren't allowed to do — can help you gain some control over the debt collection process. For example, debt collectors are allowed to contact you between the hours of 8 a.m. and 9 p.m. via text or email, even a direct message on social media. They can sue you for payment, try to charge you for old debts and charge interest. But debt collectors aren't allowed to lie about how much you owe or try to deceive you about who they are. If they're harassing you, you could get a lawyer to send a certified letter asking them to stop contacting you and report them to the Federal Trade Commission. If you owe money, you still have to pay back that money — but you should not be harassed or threatened during this process. And, you can refuse any offer a debt collector makes you. Once you negotiate a settlement that works for you, don't hand over any money until you get the settlement offer in writing. Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead How much cash do you plan to keep on hand after you retire? Here are 3 of the biggest reasons you'll need a substantial stash of savings in retirement Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Like what you read? Join 200,000+ readers and get the best of Moneywise straight to your inbox every week. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16 hours ago
- Yahoo
Dave Ramsey tells Washington State man negotiating with a repo man he should be at the bottom of to-do list
Jordan from Spokane, Washington, has collection agencies coming after him, so he called into The Ramsey Show for help negotiating with debt collectors. In particular, a repo agent — also known as a repossession agent, who is employed by a collection agency to repossess property over a failure to make contractual payments — has been 'coming at me hard.' Jordan said he has also gone into collections with some household bills. The repo man wants either $5,000 down with smaller monthly payments or a monthly payment of about $800 a month for a year and a half. 'I'm the sole provider of a family of four and so that kind of makes it difficult,' Jordan told Dave Ramsey during the episode. Jordan makes about $92,000 a year working in construction. He got behind with his payments when he switched jobs, but ultimately said, 'I can make excuses all day but really just being irresponsible with my money.' Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) When you're overdue with a bill — anything from a phone bill to a car loan to a medical bill — your account could be sent to collection after about three months. Companies may sell your debt to a collection agency and they employ agents who may use fear-based tactics to get you to pay up. But, what happens if you don't have the money to pay up? Negotiating with debt collectors is way down on Ramsey's list of priorities for Jordan. Instead, he advises him to start by making a list of everything in his budget. 'We're going to get extremely detailed, extremely organized,' Ramsey said. From there, he recommends Jordan follow what Ramsey calls the Four Walls: food, utilities, shelter and transportation. 'Food is first before you buy anything else,' Ramsey said. That means buying food so your family can eat — before dealing with the repo agent. 'He's way down on my list of things to worry about for you.' Buying food means buying groceries, not eating out. 'No food at restaurants when you're in collections,' he said. 'You're broke, you don't get to go to a restaurant — a restaurant is a luxury.' Second is taking care of utilities, such as water and electricity. That's second only to food. Since Jordan is behind on some payments, Ramsey says he should 'catch it up in the next check before you do anything else other than food.' Third is covering your rent or mortgage. Jordan's mortgage is $1,655 a month and is currently in a trial repayment plan, which means he has three months to get caught up. 'Until you do that, I don't care if repo man ever gets another dime,' Ramsey said. Fourth is ensuring you have transportation to get to and from work so you can continue to make a living. Whatever is left over can be used to pay down the debt. This 'emotionally sets the table for you to fight these goobers,' Ramsey said. Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says — and that 'anyone' can do it Jordan's first job, Ramsay said, is to take care of his own household because 'you're not going to make it emotionally if you keep putting these idiots at the front of the line because they threaten you.' Ramsey says the repo agent's job is to make you afraid because 'that moves him to the front of the line.' 'I want you angry — and afraid of nothing,' he said. 'Once you've got your family covered, then you can fight like a man.' If a repo agent is threatening to sue, Jordan can tell him he'll have to file Chapter 7 bankruptcy, in which case the repo agent will get nothing — though Ramsey isn't necessarily recommending that. Only once Jordan feels financially and emotionally stable, 'then and only then do we negotiate with other collectors.' At that point, he can negotiate an offer. Ramsey says debt collectors will typically settle for a quarter on the dollar for a cash offer. 'What you're doing is you're resetting the emotional table here to where we now know who's in charge of your money and it's you, not him,' he said, adding 'these guys are specialists at emotional terrorism.' Even if you owe money, you still have rights. The Federal Trade Commission's Fair Debt Collection Practices Act (FDCPA) provides protections to consumers against unfair, deceptive or abusive debt collection practices. Understanding your rights — and what debt collectors are and aren't allowed to do — can help you gain some control over the debt collection process. For example, debt collectors are allowed to contact you between the hours of 8 a.m. and 9 p.m. via text or email, even a direct message on social media. They can sue you for payment, try to charge you for old debts and charge interest. But debt collectors aren't allowed to lie about how much you owe or try to deceive you about who they are. If they're harassing you, you could get a lawyer to send a certified letter asking them to stop contacting you and report them to the Federal Trade Commission. If you owe money, you still have to pay back that money — but you should not be harassed or threatened during this process. And, you can refuse any offer a debt collector makes you. Once you negotiate a settlement that works for you, don't hand over any money until you get the settlement offer in writing. Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead How much cash do you plan to keep on hand after you retire? Here are 3 of the biggest reasons you'll need a substantial stash of savings in retirement Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Like what you read? Join 200,000+ readers and get the best of Moneywise straight to your inbox every week. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
