Latest news with #ReachOutTechnology
Yahoo
12-03-2025
- Business
- Yahoo
YCRM Withdraws S-1 Registration Statement, Announces Shift to More Flexible Financing Strategy as Company Prepares for 2024 10-K Filing (Yuengling's Ice Cream Corp)
ReachOut Technology Corp. Emphasizes Commitment to Strategic Capital Management and Long-Term Shareholder Value CHICAGO, IL - March 12, 2025 (NEWMEDIAWIRE) - Yuengling's Ice Cream Corporation (OTC: YCRM), and its wholly owned subsidiary ReachOut Technology Corp, today announced the formal withdrawal of its previously filed S-1 registration statement with the Securities and Exchange Commission (SEC). The Company submitted the withdrawal request before market open on Wednesday, March 12, 2025. "We took a hard look at our capital strategy and made a decisive move," stated Rick Jordan, CEO of ReachOut Technology. "This particular financing structure doesn't align with our growth needs. Our financing approach needs to match where we're heading, not where we've been." The withdrawal represents a strategic pivot as the Company seeks more flexible financing structures to support its aggressive growth initiatives in AI implementation and digital asset security development adding to strategic acquisitions, bringing a higher level of digital intelligence to its business model. "Last year brought challenges. An acquisition didn't deliver what we expected. That's reality," Jordan continued. "But I'm done looking backward. Focusing on operational strategy, and market growth. With our 10-K approaching, shareholders deserve to know exactly how we're positioning for our next steps, and there's more coming." The Company clarified that this action does not signal reduced fundraising activity, but rather a recalibration toward financing options that better support ReachOut's growth needs and technology deployment strategy. Jordan emphasized, "We're not stopping our financing efforts... we're getting better alignment. Every decision we make is about growing the company as we transform this industry. This is about having the right tools, at the right time, to build something worthy of telling the story." The withdrawal is part of ReachOut's broader initiative to optimize its capital structure while maintaining focus on strategic acquisitions, AI innovation, and digital asset security solutions. For media, TV appearance and Investor Relations Contact:Email: pr@ Phone: 312-288-8008 About ReachOut Technology ReachOut Technology (OTC: YCRM) is a nationwide managed IT services and cybersecurity provider revolutionizing how businesses handle their technology infrastructure. As the first MSP to successfully transition from startup to public company, ReachOut combines enterprise-grade IT management, advanced cybersecurity solutions, and cutting-edge digital asset security initiatives with aggressive expansion strategies. Through organic sales growth and strategic acquisitions across the U.S., ReachOut is building America's premier MSP brand while disrupting traditional service models with AI-powered automation - including its autonomous Level 1 Technician achieving 35% faster resolution times. Led by CEO Rick Jordan, ReachOut delivers comprehensive technology solutions to businesses nationwide while executing a clear vision for market leadership. The company is transforming the MSP industry through innovative technology deployment and a proven growth strategy that shatters conventional expansion limitations. For more information, visit About Rick Jordan Rick Jordan built his success on one thing: doing the work. No excuses. From building computers at 10 to becoming head of his family at 16 after his father's passing, Jordan's journey is defined by relentless forward momentum. As founder and CEO of ReachOut Technology (OTC: YCRM), he transformed a startup into the first publicly traded MSP without outside money, revolutionizing the industry's growth model. Host of the globally ranked podcast "ALL IN with Rick Jordan," his raw truth about leadership, business, and life reaches millions across 70+ countries. A nationally recognized voice on cybersecurity, business ethics, and motivation, Jordan shares stages at VeeCon, NASDAQ, Harvard, and Coca-Cola, while appearing regularly as an expert on Bloomberg, Fox, CBS, and NewsNation. His mission remains constant: protecting people and giving them ways to protect themselves. From leading a 10,000+ server refresh at Merrill Lynch to building ReachOut's enterprise-grade cybersecurity solutions for small businesses, Jordan transforms how organizations handle technology and security. Now also building TRUSTLESS, a digital identity and security platform, he's redefining how businesses protect, share, and trust sensitive information in a decentralized world. Jordan's expertise spans cybersecurity, digital ledger technology, artificial intelligence, and enterprise value creation, making him a sought-after voice on the future of business and technology. His "ALL IN" philosophy drives both his personal brand and ReachOut's aggressive national expansion, setting new standards for growth and innovation in the technology sector. And yes, he never runs from three things: problems, hard work... or a good Scotch. 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 View the original release on
Associated Press
12-03-2025
- Business
- Associated Press
YCRM Withdraws S-1 Registration Statement, Announces Shift to More Flexible Financing Strategy as Company Prepares for 2024 10-K Filing (Yuengling's Ice Cream Corp)
ReachOut Technology Corp. Emphasizes Commitment to Strategic Capital Management and Long-Term Shareholder Value CHICAGO, IL - March 12, 2025 ( NEWMEDIAWIRE) - Yuengling's Ice Cream Corporation (OTC: YCRM), and its wholly owned subsidiary ReachOut Technology Corp, today announced the formal withdrawal of its previously filed S-1 registration statement with the Securities and Exchange Commission (SEC). The Company submitted the withdrawal request before market open on Wednesday, March 12, 2025. ' We took a hard look at our capital strategy and made a decisive move," stated Rick Jordan, CEO of ReachOut Technology. " This particular financing structure doesn't align with our growth needs. Our financing approach needs to match where we're heading, not where we've been. ' The withdrawal represents a strategic pivot as the Company seeks more flexible financing structures to support its aggressive growth initiatives in AI implementation and digital asset security development adding to strategic acquisitions, bringing a higher level of digital intelligence to its business model. ' Last year brought challenges. An acquisition didn't deliver what we expected. That's reality," Jordan continued. " But I'm done looking backward. Focusing on operational strategy, and market growth. With our 10-K approaching, shareholders deserve to know exactly how we're positioning for our next steps, and there's more coming. ' The Company clarified that this action does not signal reduced fundraising activity, but rather a recalibration toward financing options that better support ReachOut's growth needs and technology deployment strategy. Jordan emphasized, " We're not stopping our financing efforts... we're getting better alignment. Every decision we make is about growing the company as we transform this industry. This is about having the right tools, at the right time, to build something worthy of telling the story. ' The withdrawal is part of ReachOut's broader initiative to optimize its capital structure while maintaining focus on strategic acquisitions, AI innovation, and digital asset security solutions. For media, TV appearance and Investor Relations Contact: Phone: 312-288-8008 About ReachOut Technology ReachOut Technology (OTC: YCRM) is a nationwide managed IT services and cybersecurity provider revolutionizing how businesses handle their technology infrastructure. As the first MSP to successfully transition from startup to public company, ReachOut combines enterprise-grade IT management, advanced cybersecurity solutions, and cutting-edge digital asset security initiatives with aggressive expansion strategies. Through organic sales growth and strategic acquisitions across the U.S., ReachOut is building America's premier MSP brand while disrupting traditional service models with AI-powered automation - including its autonomous Level 1 Technician achieving 35% faster resolution times. Led by CEO Rick Jordan, ReachOut delivers comprehensive technology solutions to businesses nationwide while executing a clear vision for market leadership. The company is transforming the MSP industry through innovative technology deployment and a proven growth strategy that shatters conventional expansion limitations. For more information, visit About Rick Jordan Rick Jordan built his success on one thing: doing the work. No excuses. From building computers at 10 to becoming head of his family at 16 after his father's passing, Jordan's journey is defined by relentless forward momentum. As founder and CEO of ReachOut Technology (OTC: YCRM), he transformed a startup into the first publicly traded MSP without outside money, revolutionizing the industry's growth model. Host of the globally ranked podcast 'ALL IN with Rick Jordan,' his raw truth about leadership, business, and life reaches millions across 70+ countries. A nationally recognized voice on cybersecurity, business ethics, and motivation, Jordan shares stages at VeeCon, NASDAQ, Harvard, and Coca-Cola, while appearing regularly as an expert on Bloomberg, Fox, CBS, and NewsNation. His mission remains constant: protecting people and giving them ways to protect themselves. From leading a 10,000+ server refresh at Merrill Lynch to building ReachOut's enterprise-grade cybersecurity solutions for small businesses, Jordan transforms how organizations handle technology and security. Now also building TRUSTLESS, a digital identity and security platform, he's redefining how businesses protect, share, and trust sensitive information in a decentralized world. Jordan's expertise spans cybersecurity, digital ledger technology, artificial intelligence, and enterprise value creation, making him a sought-after voice on the future of business and technology. His 'ALL IN' philosophy drives both his personal brand and ReachOut's aggressive national expansion, setting new standards for growth and innovation in the technology sector. And yes, he never runs from three things: problems, hard work... or a good Scotch. 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
Associated Press
18-02-2025
- Business
- Associated Press
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 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
