Switch to senior exchange planned
DALLAS, TEXAS, Oct. 10, 2022 (GLOBE NEWSWIRE) — Frontera Group, Inc. (OTC Pink: FRTG) (“Frontera” or “the Company”), a technology-focused strategic acquirer of revenue-generating businesses and of intellectual property (IP), today announced that it has filed its 10K annual financial statement for fiscal year 2022 with the Securities and Exchange Commission. The file can be viewed at https://www.sec.gov/ix?doc=/Archives/edgar/data/1602813/000154972722000089/frtg-10k.htm.
“For the first time in our history, during the last quarter, Frontera recorded revenue from royalties related to the intellectual property we acquired from Intellimedia,” said Andrew De Luna, CPA, MBA, Chief Financial Officer interim of the Frontera group. “This milestone represents significant validation of our ‘buy and build’ growth strategy, and we expect to continue to grow organically as well as through acquisitions.”
Going forward, the company intends to identify acquisition milestones and generate revenue through international sales and marketing programs promoting its award-winning, interactive technologies for training and learning. , virtual events, and streaming use cases.
Frontera has also initiated the necessary steps to upgrade to a senior exchange and plans to announce further updates as they become available.
Frontera Group is a strategic acquirer of intellectual property and revenue-generating businesses in the technology and human capital markets. It develops and executes an aggressive four-tier acquisition and execution strategy designed to deliver substantial increases in the profitability of its acquisitions in industries with traditionally low and stagnant EBITDA multiples. The Company has identified and is currently pursuing several revenue-generating acquisition targets.
For more information, please visit Frontera’s website at www.frtgtech.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release that are not historical facts may be “forward-looking statements” that involve risks and uncertainties that could cause actual results to differ materially from those currently anticipated. For example, statements that describe FRTG’s hopes, plans, objectives, goals, intentions or expectations are forward-looking statements. Forward-looking statements made herein speak only as of the date of this press release. Many factors, many of which are beyond FRTG’s control, will affect actual results. FRTG undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. This press release should be read in conjunction with FRTG’s most recent financial reports and other filings with the over-the-counter markets and/or the United States Securities and Exchange Commission by FRTG.
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