Latest news with #YCRM
Associated Press
14-05-2025
- Business
- Associated Press
Rick Jordan Appears on Buffalo Fireside Chats to Lay Out Strategic Vision Behind Frequency Holdings Inc. (OTC: YCRM)
CEO Rick Jordan talks strategy behind name change to Frequency Holdings, future acquisitions, and plans to build shareholder value across multiple verticals. YUENGLINGS ICE CREAM CORP (OTCMKTS:YCRM) 'We built a real company under the radar... Now the market's going to see what we've been building, and it's only the beginning.'— Rick Jordan, CEO of Frequency Holdings, Inc. CHICAGO, IL, UNITED STATES, May 14, 2025 / / -- On Sunday night, May 11th, Rick Jordan, CEO of Yuengling's Ice Cream Corp. (OTC: YCRM), appeared on Buffalo Fireside Chats to discuss the Company's recent financial performance, strategic pivot, and its name change to Frequency Holdings Inc... which was formally filed with the State of Nevada the following morning. Watch the livestream recording here Speaking to a broad audience of institutional and retail investors, Jordan walked viewers through the Company's evolution from a reverse merger in late 2023 to its transformation into a modern holding company. 'It's not just a name. It's a strategic evolution,' Jordan said. 'Frequency represents clarity, direction, and scalability. We're building a signal, not noise. A holding company that operates like Berkshire, but with the innovation stack of Alphabet.' During the interview, Jordan confirmed that the FINRA name and ticker symbol change process is still underway, but that the Company wanted to take initiative in announcing its new identity and long-term structure to the market. The broadcast covered YCRM's recent 10-K highlights... including a 145.7% increase in gross profit, a swing to $4.4 million in net income, and an 8-figure debt restructuring initiative... as well as Jordan's aggressive expansion strategy. He reaffirmed that ReachOut, the Company's flagship operating brand, will continue its acquisition strategy targeting MSPs with $500,000 to $2 million in revenue and high-scale potential. 'We're not done acquiring,' Jordan stated. 'We're just doing it smarter now. Smaller, high-velocity acquisitions that integrate fast, scale 2–5x over 24 months. It's operational discipline that builds real shareholder value.' Jordan also re-introduced investors to TRUSTLESS, an independent digital identity and credentialing venture being incubated under the new holding company model. 'TRUSTLESS was born from experience. It's built to solve a real pain point in the IT services world. Protecting access, proving identity, and giving clients ownership of their own infrastructure. And YES. It benefits YCRM directly through equity stakes and platform synergy.' 'This is the Alphabet playbook,' Jordan added. 'ReachOut is our Google. TRUSTLESS is our Waymo. And more ventures will follow. The old MSP model is dead. We're building a platform company that can expand into any high-value vertical that fits our culture and vision.' Jordan's appearance also addressed retail investor concerns around legacy convertible notes, uplisting plans, and future liquidity. 'We've taken the hits. We've restructured. Now we're in motion. We've done the work, and the next 6 to 12 months are going to reflect that. I'm still here. And I'm building something that lasts.' @mrrickjordan on X @mrrickjordan on Instagram For media, TV appearance and Investor Relations Contact: Email: [email protected] Phone: 312-288-8008 About Frequency Holdings, Inc. (OTC: YCRM) Frequency Holdings is a modern holding company focused on high-growth ventures in cybersecurity, AI, digital identity, and IT infrastructure. Through its lead operating brand, ReachOut, Frequency is building the first nationally recognized name in cybersecurity-first IT services for SMBs. Additional holdings, including TRUSTLESS, are structured to contribute long-term equity value via independent growth and strategic alignment. Forward-Looking Statements This press release contains forward-looking statements regarding future events, performance, and financial expectations. These statements are based on current beliefs and assumptions, and are subject to risks and uncertainties--many of which are beyond the Company's control--that could cause actual results to differ materially from those projected. Factors that may affect results include the Company's need for capital, changes in regulatory environments, market competition, demand for services, and other risks detailed in the Company's filings with the Securities and Exchange Commission at Forward-looking statements speak only as of the date made, and the Company undertakes no obligation to update them except as required by law. Public Relations Frequency Holdings Inc. email us here Visit us on social media: LinkedIn Instagram X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Associated Press
16-04-2025
- Business
- Associated Press
Yuengling's Ice Cream Corporation (OTC: YCRM), Doing Business as ReachOut, Files 2024 10-K With Profitability, Growth, and Corporate Transformation in Focus
Net Income Swings Positive to $4.4M as YCRM Undergoes Name Change and Platform Transformation CHICAGO, IL - April 16, 2025 ( NEWMEDIAWIRE ) - Yuengling's Ice Cream Corporation (OTC: YCRM), currently undergoing a name and symbol change pending FINRA approval and operating under the brand ReachOut, today announced the filing of its annual report on Form 10-K for the fiscal year ended December 31, 2024, showcasing revenue growth and a dramatic turnaround to profitability. Financial Highlights: 'The traditional MSP model is fundamentally broken and dying -- thousands of fragmented regional providers with slow response times, basic security, and no ability to scale,' said Rick Jordan, CEO of YCRM. 'We're completely reinventing what's possible in this space. This isn't about incremental improvement. We're building a nationwide brand where none existed before, bringing advanced protection to small and medium businesses that have been completely ignored by the industry. Just like a large wireless brand disrupted telecom for everyday customers, we're bringing that same revolutionary approach to cybersecurity for everyday businesses.' Strategic Transformation The Company announced it is executing a transformation strategy modeled after the Berkshire Hathaway structure with an Alphabet-style portfolio approach, enabling ReachOut to own, develop, and scale independent technology ventures. It also formally submitted its application with FINRA for a name and ticker symbol change, signaling a clear departure from legacy operations and reflecting its focus on cybersecurity, automation, and digital identity technology. It also formally submitted its application with FINRA for a name and ticker symbol change, signaling a clear departure from legacy operations and reflecting its focus on cybersecurity, automation, and digital identity technology. 'I'm not interested in being just another player in this industry – we're building something completely disruptive,' said Rick Jordan, CEO. 'The Berkshire model gives us capital efficiency while Alphabet's playbook lets us incubate and scale disruptive technology ventures independently. It's a complete strategic transformation. We're shedding the old skin and emerging as something entirely different: America's first national cybersecurity portfolio brand with a technology holding company structure that can move with the today, not get stuck in a decades old model. This structure gives our shareholders asymmetric upside potential beyond what traditional service businesses could ever deliver.' Future Growth Strategy The Company has announced it completely reimagined its growth strategy, abandoning the larger acquisition model in favor of a nimble, high-velocity approach that delivers greater integration speed and ROI. This transformation combines holding company economics with disruptive market penetration, creating a dual pathway to shareholder value: 'Big acquisitions are dead money. Our model targets high-potential firms in high-demand low-competition markets we can transform 2-5X in under 24 months through data driven local search capture,' said Rick Jordan, CEO. 'Combined with ventures like TRUSTLESS, we're not just building a better service company – we're creating a wealth-generation machine with asymmetric upside that traditional players can't touch. This isn't incremental improvement. This is total industry disruption.' The Company's transformation from a traditional MSP to a technology holding company represents one of the most ambitious pivots in the cybersecurity industry. The Company encourages investors and industry watchers to follow the Company's developments as it executes its disruptive strategy and drives toward its planned NASDAQ uplisting. @mrrickjordan on X @mrrickjordan on Instagram @reachoutit on X For media, TV appearance and Investor Relations Contact: Email: [email protected] Phone: 312-288-8008 ReachOut is the operating brand of Yuengling's Ice Cream Corporation (OTC: YCRM), a cybersecurity-first technology company scaling a portfolio of tech ventures through a modern holding company structure. Built around recurring revenue, margin discipline, and AI-driven service delivery, ReachOut is positioning for national expansion, disruptive M&A, and a future on a major U.S. exchange. This press release contains forward-looking statements regarding future events, performance, and financial expectations. These statements are based on current beliefs and assumptions, and are subject to risks and uncertainties—many of which are beyond the Company's control—that could cause actual results to differ materially from those projected. Factors that may affect results include the Company's need for capital, changes in regulatory environments, market competition, demand for services, and other risks detailed in the Company's filings with the Securities and Exchange Commission at Forward-looking statements speak only as of the date made, and the Company undertakes no obligation to update them except as required by law.
