NEXT10, INC.
ACQUIRES
TWO PRIVATELY HELD BOISE, ID
TRANSPORTATION FREIGHT HAULING-RELATED
COMPANIES
Las Vegas, NV
-- August 3, 2020 -- InvestorsHub NewsWire
-- Ultimate Holdings Corporation,
(Next10, Inc., dba Ultimate
Holdings Corporation), (USOTC
PINK:
NXTN), ("UHC"),
is
pleased to announce that on August 1,
2020,
UHC
acquired
two
privately held Boise,
Idaho
transportation freight hauling-related companies: Ultimate
Logistics, LLC and
Ultimate
Innovations, LLC.
Each LLC
will be wholly owned
subsidiaries
of
UHC.
As part
of this purchase, UHC
acquired
approximately
80 newer model
semi-tractors
and approximately
85
newer
model 53'
refrigerated
trailers. The two
companies acquired
had a
combined gross revenue of more than
$17,500,000.00 for
2019.
Since
their inception in 2013, both companies have
remained profitable every year.
The
management of the two companies acquired, and their
fantastic
teams, will remain on
board.
By acquiring the two
companies, UHC now has "The Ultimate
Program"
which
is
unique, incomparable, and one-of-a-kind.
The program allows individuals who have dedicated their lives to
the over-the-road trucking industry the opportunity to turn their
dreams into reality. When The
Ultimate
Program was first developed
seven years ago, five drivers were hired who wanted to become owner
operators. This was the first step in test marketing
this
unparelleled program.
Those five
drivers
are still with the two
acquired
companies today. UHC now has more than 75 drivers in
The
Ultimate Program. By the end of 2021,
UHC's goal is to have more than 100+ drivers in their
program. The Ultimate Program allows individuals to become owner
operators, and
to be
able to purchase a newer model semi-tractor, with no money
down. Credit is not an issue. UHC
is their
bank. All the trailers
in the UHC
fleet are
53' refrigerated trailers. UHC
believes
hauling fresh and
frozen
food products ensures
the
company to be somewhat recession
proof.
UHC
handles
everything, except driving the
semi-tractor. UHC
is
truly a
unique,
one-of-a-kind, one-stop
shop.
The
trucking industry has an 80% annual turnover rate.
The two
companies acquired have a turnover rate
of
less than
15%. Hiring drivers is a constant battle for the trucking
industry. UHC
does
not have
that challenge. UHC
buys
loyalty. The grass is as green as it gets in the trucking industry
at UHC.
CONTACT:
info@ultimateholdingscorp.com
https://www.ultimateholdingscorp.com
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
Exchange Act of 1934. These forward-looking statements are based on
the current plans and expectations of management and are subject to
a number of uncertainties and risks that could significantly affect
the company's current plans and expectations, as well as future
results of operations and financial condition. A more extensive
listing of risks and factors that may affect the company's business
prospects and cause actual results to differ materially from those
described in the forward-looking statements can be found in the
reports and other documents filed by the company with the
Securities and Exchange Commission and OTC Markets, Inc. OTC
Disclosure and News Service. The company undertakes no obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
