ProfitScout
3 days ago
RELT strategic partner IQST has news today on an important re-branding and expansion. Note the commentary here on how this is being executed under the guidance of the ONAR (RELT) team. Great to see the progressive cooperation here to kick of 2025.
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IQST - iQSTEL Evolving for the Future: Transforming into a Dynamic Holding Company
NEW YORK, Jan. 16, 2025 /PRNewswire/ -- iQSTEL Inc. (OTCQX: IQST), a leading-edge multinational corporation, proudly announces its rebrand as a dynamic holding company. This transformation marks a pivotal chapter in iQSTEL's journey, expanding its focus from telecommunications to include fintech, artificial intelligence (AI), and cybersecurity.
A Bold Step Toward Innovation and Diversification
The rebrand represents iQSTEL's evolution from a telecommunications powerhouse into a global technology corporation. This transformation underscores the company's mission to deliver cutting-edge solutions across industries that drive global progress and security.
Leandro Iglesias, CEO of iQSTEL, highlighted the significance of this milestone:
"This rebrand marks a significant milestone for iQSTEL. By expanding our portfolio and adopting a new visual identity, we are positioned to lead in telecommunications, fintech, AI, and cybersecurity while remaining true to our core values of innovation and connectivity."
This rebrand is the first step in the branding strategy guided by ONAR, iQSTEL's strategic marketing partner. ONAR's expertise has been instrumental in redefining iQSTEL's identity and positioning the company to compete with the world's largest technology corporations. The upcoming phases of this strategy will launch iQSTEL's brand onto the global stage, solidifying its reputation as a leader in multiple industries.
A Fresh Look for a Bold Vision
iQSTEL's refreshed visual identity—including an updated logo, color palette, and design—symbolizes strength, agility, and a forward-thinking organization. The new brand reflects iQSTEL's commitment to embracing opportunities and meeting the evolving needs of global markets.
Broadening Our Horizons
While telecommunications remains a cornerstone of the company's success, iQSTEL's expansion into fintech, AI, and cybersecurity showcases its adaptability and determination to address challenges across multiple industries.
Fintech: Empowering financial inclusivity through innovative digital solutions.
AI Services: Harnessing artificial intelligence to revolutionize industries and drive efficiencies.
Cybersecurity: Safeguarding businesses and communities in an increasingly connected world.
Global Impact and Commitment to Excellence
iQSTEL is dedicated to fostering innovation, enhancing customer experiences, and creating shareholder value. The company's subsidiaries will continue to deliver best-in-class services and products, strengthened by the resources and strategic vision of the parent company.
This rebrand also signals iQSTEL's readiness to collaborate globally, contributing to sustainable and inclusive growth while addressing critical global challenges.
A Future-Driven Outlook
iQSTEL envisions a future where technology propels progress, improving lives and enabling businesses to thrive in a connected, secure, and intelligent world. With its sights set on transformative investments and strategic collaborations, iQSTEL aims to redefine possibilities across its industries.
Commitment to Shareholder Value and NASDAQ Uplisting
In accordance with iQSTEL's commitment to protecting shareholder value, the company's management states that there will be no consideration of any reverse stock split of the company's IQST shares prior to achieving a NASDAQ listing. Should the company eventually decide to execute a reverse stock split, it would be aligned with and executed in conjunction with the NASDAQ uplisting to support long-term shareholder value and market positioning.
If a reverse stock split is determined to be necessary, the company will formally announce it through an SEC filing, ensuring transparency and clear communication with shareholders.
The uplisting process is presently underway and progressing well, further reinforcing iQSTEL's commitment to its long-term growth and innovation goals.
Join Us in Shaping the Future
As iQSTEL embarks on this exciting new phase, it invites customers, partners, and stakeholders to join in redefining what's possible. Together, iQSTEL is poised to achieve greater heights and drive progress in the most critical sectors of the global economy.
About iQSTEL:
iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) is a US-based multinational publicly listed company in the final stages of the path to becoming listed on NASDAQ. With FY2024 revenues of $277 million based on preliminary accounting, iQSTEL is positioning itself for explosive growth. iQSTEL's mission is to serve basic human needs in today's modern world by making essential tools accessible, regardless of race, ethnicity, religion, socioeconomic status, or identity. The company recognizes that modern human needs such as physiological, safety, relationship, esteem, and self-actualization are marginalized without access to ubiquitous communications, financial freedom, clean, affordable mobility, and information.
iQSTEL has been building a strong business platform with its customers, and by leveraging this trust, the company is now beginning to sell high-tech, high-margin products across its divisions. iQSTEL is strategically positioned to achieve $1 billion in revenue by 2027 through organic growth, acquisitions, and high-margin product expansion.
Telecommunications Services Division (Communications):
Includes VoIP, SMS, International Fiber-Optic, Proprietary Internet of Things (IoT), and a Proprietary Mobile Portability Blockchain Platform.
Fintech Division (Financial Freedom):
Provides remittance services, top-up services, a MasterCard Debit Card, US bank accounts (no SSN required), and a Mobile App.
Electric Vehicles (EV) Division (Mobility):
Offers Electric Motorcycles and plans to launch a Mid-Speed Car.
Artificial Intelligence (AI) Services Division (Information and Content):
Provides AI solutions for unified customer engagement across web and phone channels, along with a white-label platform offering seamless access to services, entertainment, and support in a virtual 3D interface.
Cybersecurity Services:
Through a new partnership with Cycurion, iQSTEL will offer advanced cybersecurity solutions, including 24/7 monitoring, threat detection, incident response, vulnerability assessments, and compliance management, providing essential protection to telecommunications clients and beyond.
iQSTEL has completed 11 acquisitions since June 2018 and continues to develop an active pipeline of potential future acquisitions, further expanding its suite of products and services both organically and through mergers and acquisitions.
Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/iqst---iqstel-evolving-for-the-future-transforming-into-a-dynamic-holding-company-302352555.html
SOURCE iQSTEL
Trooperstocks
4 days ago
NEWS: $RELT ONAR to Present at the 2025 Sequire Investor Summit in Puerto Rico
ONAR
Wed, January 15, 2025 at 9:00 AM
In This Article:
RELT
Sequire Summit - ONAR
Los Angeles, CA, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Reliant Holdings, Inc. (OTCQB:RELT), soon to be Onar Holding Corporation, a leading network of specialized marketing agencies and business consultancies, is thrilled to announce its participation in the prestigious Sequire Investor Summit, taking place in Puerto Rico on January 21-23, 2025. This highly anticipated event brings together public companies and forward-thinking investors to explore emerging opportunities and foster meaningful connections.
Representing ONAR at the summit will be CEO Claude Zdanow, who will share his ambitious vision for the company's future. Attendees will gain insights into ONAR's unique approach, which leverages AI and a diverse network of specialized agencies to deliver unparalleled service and results to growth and middle-market businesses.
“We are honored to be part of the Sequire Investor Summit and to share our story with such an esteemed audience of investors and industry leaders,” said Zdanow. “This event provides a platform to showcase our accomplishments and outline our strategic vision as we continue to shape the future of marketing.”
The Sequire Investor Summit is renowned for connecting innovative companies with a diverse network of investors, providing an ideal forum for exchanging ideas and building partnerships. ONAR’s participation underscores its commitment to transparency, growth, and collaboration within the investment community.
Event Details:
Date: January 21-23, 2025
Location: Condado Vanderbilt Hotel in San Juan, Puerto Rico
Presentation Time: Wednesday, January 22, 2025 at 11:00 AM AST
To learn more about the Sequire Investor Summit, please visit https://puertorico.srax.com/
About SRAX
SRAX Inc. is a financial technology company that unlocks data and insights for publicly
traded companies. Through its premier investor intelligence and communications
platform, Sequire, companies can track their investors’ behaviors and trends and use
those insights to engage current and potential investors across marketing channels. For
more information on SRAX, visit srax.com and mysequire.com
About ONAR
ONAR (OTCQB: RELT) is a dynamic marketing and business solutions network, currently publicly traded as Reliant Holdings, Inc. with plans to become Onar Holding Corporation in the near future. ONAR's mission is to provide unparalleled service through an integrated, AI-driven approach, leveraging its diverse brand family's strengths. Committed to honor, candor, and best-in-class results, ONAR aims to lead the industry by example, ensuring every client relationship is deeply rooted in trust and excellence.
ONAR has nearly 50 employees across five continents, and it is aggressively expanding its team to support the company’s growth and acquisition pipeline. Its agencies service over 45 clients across various industries:
Performance Marketing & SEO: Our high-touch performance marketing agency, Storia, specializes in brand growth, data-driven excellence, and paid advertising.
Full-Service Healthcare Marketing: Partnering with healthcare professionals, Of Kos provides the best possible patient experience and strives to revolutionize the standard of care.
Experiential Marketing & Events: CHALK is an experiential marketing powerhouse of event architects who turn bold ideas into unforgettable reality, designing events that dare to defy the ordinary.
ONAR’s network of agencies focuses on servicing companies ranging from $50M to $1B+ in revenue, and ONAR is actively searching for agencies to acquire and become part of the network.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on ONAR's current expectations and projections about future events and financial trends that it believes may affect its financial condition, results of operations, business strategy, and financial needs. These statements are not historical facts and are inherently uncertain and outside of ONAR's control. Forward-looking statements include, among other things, statements regarding ONAR's expectations regarding its ability to achieve its financial and strategic goals, including surpassing $100 million in revenue and securing a NASDAQ listing; its ability to expand its client base and market share; and its ability to develop and launch new products and services. Actual results may differ materially from ONAR's expectations and projections due to various risks and uncertainties, including market conditions, competition, the ability to protect intellectual property, the ability to manage growth, changes in laws and regulations, and other factors described in ONAR's filings with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this press release, and ONAR undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Media Contact:
Sara Scully
Marketing Manager
ONAR
213-437-3081
IR@onar.com
Trooperstocks
2 weeks ago
NEWS: ONAR Announces Partnership with iQSTEL, Congratulates Company on Stellar FY24 Q4 Results
PR Newswire
Wed, January 8, 2025 at 8:30 AM EST 4 min read
In This Article:
IQST
RELT
LOS ANGELES, Jan. 8, 2025 /PRNewswire/ -- ONAR (OTCQB:RELT), a rapidly growing network of highly specialized boutique marketing agencies, is excited to formally unveil its newly secured partnership with iQSTEL, Inc. (OTCQX: IQST). This new business for ONAR is worth mid-six figures in value. The contract, finalized in October 2024, entrusts ONAR, via its agency Storia, to spearhead iQSTEL's ongoing rebranding, marketing, and growth efforts in tandem with the telecom innovator's notable fourth-quarter success for Fiscal Year 2024. This collaboration underscores ONAR's commitment to fueling iQSTEL's continued momentum into 2025 and beyond.
iQSTEL, a global telecommunications and technology company, recently announced its financial results to close out the year. In the report, they disclose that Q4 net revenue reached an unprecedented $96 million, marking a staggering 77% increase compared to $52 million in Q3.
ONAR is thrilled to be an ongoing partner of iQSTEL via its flagship agency Storia, providing comprehensive rebranding and marketing support. This collaboration aims to:
Enhance iQSTEL's visual identity: Develop a strong and consistent brand image that effectively represents the company's diverse offerings to its target audience.
Refine their brand story: Improve branding through a clearly defined messaging strategy that resonates and simply communicates their unique value proposition.
Strengthen market positioning: Position iQSTEL as a leader in telecommunications, fintech, and other technology industries.
"We are incredibly proud of iQSTEL's achievements in Q4," said Claude Zdanow, CEO at ONAR. "Their strong financial performance demonstrates the strength of their business model and their team's dedication. We are excited to continue our partnership and support iQSTEL in achieving its strategic goals."
"We are thrilled to partner with ONAR, whose expertise in branding and marketing aligns perfectly with our vision," said Leandro Iglesias, President & CEO of iQSTEL. "By leveraging their innovative strategies and creative talent, we are confident in our ability to establish a stronger brand identity and drive significant growth."
About iQSTEL
iQSTEL Inc. (OTCQX: IQST) (www.iQSTEL.com) is a leading multinational telecommunications and technology company serving Tier-1 global carriers, corporations, and international enterprises with high-quality communication and connectivity value-added services. iQSTEL is committed to providing access to ubiquitous communications, the freedom of virtual banking, affordable mobility, and information and content, all while ensuring that its solutions meet the highest cybersecurity standards.
About ONAR
ONAR (OTCQB: RELT) is a dynamic marketing and business solutions network, currently publicly traded as Reliant Holdings, Inc. with plans to become Onar Holding Corporation in the near future. ONAR's mission is to provide unparalleled service through an integrated, AI-driven approach, leveraging its diverse brand family's strengths. Committed to honor, candor, and best-in-class results, ONAR aims to lead the industry by example, ensuring every client relationship is deeply rooted in trust and excellence.
ONAR has nearly 50 employees across five continents, and it is aggressively expanding its team to support the company's growth and acquisition pipeline. Its agencies service over 45 clients across various industries:
Performance Marketing & SEO: Our high-touch performance marketing agency, Storia, specializes in brand growth, data-driven excellence, and paid advertising.
Full-Service Healthcare Marketing: Partnering with healthcare professionals, Of Kos provides the best possible patient experience and strives to revolutionize the standard of care.
Experiential Marketing & Events: CHALK is an experiential marketing powerhouse of event architects who turn bold ideas into unforgettable reality, designing events that dare to defy the ordinary.
ONAR's network of agencies focuses on servicing companies ranging from $50M to $1B+ in revenue, and ONAR is actively searching for agencies to acquire and become part of the network.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on ONAR's current expectations and projections about future events and financial trends that it believes may affect its financial condition, results of operations, business strategy, and financial needs. These statements are not historical facts and are inherently uncertain and outside of ONAR's control. Forward-looking statements include, among other things, statements regarding ONAR's expectations regarding its ability to achieve its financial and strategic goals, including surpassing $100 million in revenue and securing a NASDAQ listing; its ability to expand its client base and market share; and its ability to develop and launch new products and services. Actual results may differ materially from ONAR's expectations and projections due to various risks and uncertainties, including market conditions, competition, the ability to protect intellectual property, the ability to manage growth, changes in laws and regulations, and other factors described in ONAR's filings with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this press release, and ONAR undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
View original content to download multimedia:https://www.prnewswire.com/news-releases/onar-announces-partnership-with-iqstel-congratulates-company-on-stellar-fy24-q4-results-302345241.html
SOURCE ONAR
Trooperstocks
2 weeks ago
NEWS: ONAR Appoints Patricia Kaelin as Chief Financial Officer
PR Newswire
Mon, January 6, 2025 at 3:45 PM EST 5 min read
In This Article:
RELT
LOS ANGELES, Jan. 6, 2025 /PRNewswire/ -- ONAR (OTCQB:RELT), an expanding network of highly-specialized boutique marketing agencies, today announced the appointment of Patricia Kaelin as Chief Financial Officer, effective December 2, 2024.
A seasoned financial executive with a proven track record of driving company growth and shareholder value, Ms. Kaelin will be instrumental in propelling ONAR to new heights. With a deep understanding of financial strategy and a keen eye for opportunity, she will play a pivotal role in shaping the company's financial future.
A Highly Skilled Financial Executive Joins ONAR
Ms. Kaelin is a seasoned financial executive with a demonstrated ability to maximize profitability and create value for investors. As an experienced CPA and a member of the American Institute of Certified Public Accountants, she brings a wealth of expertise to the ONAR leadership team.
With over 25 years of experience leading finance teams at both public and private companies, Ms. Kaelin has a knack for navigating complex financial landscapes. She has successfully spearheaded strategic initiatives, including mergers and acquisitions, capital market transactions, and corporate restructurings.
Ms. Kaelin has a deep understanding of global business operations and has worked with companies generating billions in revenue. Her expertise in financial management, strategic planning, and financial reporting has enabled her to achieve superior results.
Prior to joining ONAR, Ms. Kaelin successfully raised capital, secured loans and investments to foster company growth, and led efforts to increase efficiencies, automate processes, and make companies more profitable. She was also instrumental in IPOs and other successful exits in her roles as Chief Financial Officer.
In her new role at ONAR, Ms. Kaelin will be responsible for:
Financial planning and strategy: Leading strategic financial planning to drive sustainable growth and maximize shareholder value by proactively identifying and capitalizing on market opportunities through insightful financial modeling and forecasting, while optimizing capital allocation to fuel future innovation.
Risk management and compliance: Proactively identifying and mitigating potential threats to the company's financial stability and operational success, ensuring robust compliance with all relevant regulations, and fostering a company-wide culture of risk awareness and proactive mitigation.
Financial reporting and analysis: Direct the delivery of high-quality, transparent, and timely financial reporting that provides critical insights to stakeholders. By conducting in-depth financial analysis and leveraging data-driven insights, she will inform strategic decision-making and drive operational excellence.
An Exciting Addition to the Leadership Team
"I am incredibly excited to join the ONAR team. I believe my experience in driving growth through strategic acquisitions and my focus on maximizing profitability and shareholder value will be invaluable as we continue to expand our market presence and achieve our ambitious goals in the future," said Ms. Kaelin.
"We are thrilled to welcome Patricia to the ONAR team. Her extensive financial expertise and strategic vision will be crucial as we continue to scale our operations and drive innovation. We are confident that she will play a critical role in achieving our long-term growth objectives," said CEO Claude Zdanow.
About ONAR
ONAR (OTCQB: RELT) is a dynamic marketing and business solutions network, currently publicly traded as Reliant Holdings, Inc. with plans to become Onar Holding Corporation in the near future. ONAR's mission is to provide unparalleled service through an integrated, AI-driven approach, leveraging its diverse brand family's strengths. Committed to honor, candor, and best-in-class results, ONAR aims to lead the industry by example, ensuring every client relationship is deeply rooted in trust and excellence.
ONAR has nearly 50 employees across five continents, and it is aggressively expanding its team to support the company's growth and acquisition pipeline. Its agencies service over 45 clients across various industries:
Performance Marketing & SEO: Our high-touch performance marketing agency, Storia, specializes in brand growth, data-driven excellence, and paid advertising.
Full-Service Healthcare Marketing: Partnering with healthcare professionals, Of Kos provides the best possible patient experience and strives to revolutionize the standard of care.
Experiential Marketing & Events: CHALK is an experiential marketing powerhouse of event architects who turn bold ideas into unforgettable reality, designing events that dare to defy the ordinary.
ONAR's network of agencies focuses on servicing companies ranging from $50M to $1B+ in revenue, and ONAR is actively searching for agencies to acquire and become part of the network.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on ONAR's current expectations and projections about future events and financial trends that it believes may affect its financial condition, results of operations, business strategy, and financial needs. These statements are not historical facts and are inherently uncertain and outside of ONAR's control. Forward-looking statements include, among other things, statements regarding ONAR's expectations regarding its ability to achieve its financial and strategic goals, including surpassing $100 million in revenue and securing a NASDAQ listing; its ability to expand its client base and market share; and its ability to develop and launch new products and services. Actual results may differ materially from ONAR's expectations and projections due to various risks and uncertainties, including market conditions, competition, the ability to protect intellectual property, the ability to manage growth, changes in laws and regulations, and other factors described in ONAR's filings with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this press release, and ONAR undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
View original content to download multimedia:https://www.prnewswire.com/news-releases/onar-appoints-patricia-kaelin-as-chief-financial-officer-302343435.html
SOURCE ONAR
Trooperstocks
3 weeks ago
$RELT NEWS: ONAR Provides Q3 2024 Results and Business Update
PR Newswire
Mon, December 30, 2024 at 1:01 PM
In This Article:
RELT +56.56%
IQST -2.55%
LOS ANGELES, Dec. 30, 2024 /PRNewswire/ -- Reliant Holdings, Inc. (OTCQB:RELT) soon to be ONAR Holding Corporation ("ONAR"), a growing network of highly-specialized marketing agencies, has released its Q3 Shareholder Letter along with its SEC filing of its 10-Q for the last quarter. This letter covers the results of the company's financial progress as it continues to grow.
ONAR
ONAR
The letter to shareholders covers key highlights for the nine months that ended September 30, 2024 and gives a first look at the Company's consolidated business since the reverse merger announced in Q2 2024.
"It has been quite a journey getting to this point. ONAR is now on the trajectory we envisioned when we started the reverse merger process," said Claude Zdanow, CEO of ONAR. "We are incredibly proud of where we are today and know we have a platform set for rapid growth through the acquisitions we are targeting and our plans for organic growth."
In alignment with its commitment to becoming a $100 million revenue company and uplisting to NASDAQ, ONAR has developed a comprehensive business plan that includes a targeted acquisition strategy for the next 18-24 months.
Additionally, ONAR will announce a new board charter to usher in an Independent Board of Directors in Q1 of 2025. The new board and its growing investor base demonstrates the support that exists for the company's vision and growth strategy, underscoring the shared commitment to building a premier, technology-enabled marketing powerhouse.
The shareholder letter highlights these notable achievements from Q3:
Increased Revenues: By completing the reverse merger, the Company's consolidated revenue for the nine months ending September 30, 2024, was 57% higher than the same period last year.
Decreased Cost of Revenues: The Cost of Revenues declined by almost $250,000 as compared to the same period last year.
Increase in Cash on Hand: Cash Balance Increased by almost $.5 Million as compared to December 31, 2023.
Global Reach: Overall headcount increased globally, with 60% of the Company's workforce being international across five continents.
Partnership for Growth and Tech Expansion: A strategic alliance was signed with iQSTEL, Inc. (OTCQX:IQST) to help iQSTEL increase its market presence and share technologies to further both companies' businesses.
ONAR concludes the letter with enthusiasm and optimism for the future, stating its ambitious goals to expand its network of agencies in 2025.
The full shareholder letter is shared below.
Dear Shareholders,
We are excited to announce our Q3 FY-2024 results, a testament to ONAR's extraordinary growth and strategic innovation. This quarter has solidified our position as a leader in the marketing industry, and we are eager to share the tangible progress we have made.
1. Revenue and Profitability
By completing the reverse merger, the Company's consolidated revenue for the nine months ending September 30, 2024, was 57% higher than the same period last year.
Recurring Revenues remained steady as Cost of Revenues declined by almost $250,000 as compared to the same period last year.
Revenues are expected to increase organically in the near future due to new contracts being negotiated.
Digital Marketing Agency Performance
Recurring revenues remained steady, with Net Operating Income equaling ~5% of Sales. NOI is expected to increase in the near term due to new sales hires, which contributed to the reduction in NOI.
Healthcare Marketing Agency Performance
Net Operating Income for Healthcare Marketing services was nearly 44% of Sales.
2. Interest Expense
Interest paid increased nominally as compared to the previous year as a result of financing activities to complete the reverse merger. This will be offset by an increase in Revenues in the near future, as well as liabilities that will be converted into Equity.
3. Assets and Liabilities
Cash Balance increased by almost $.5 Million as compared to December 31, 2023
4. Cash Flow and Liquidities
Financing activities provided $1.8M (Net) for the 9 months ended September 30, 2024. This provided working capital and funds for expansion and the reverse merger.
5. Global Presence, Operational Reach, and Marketing
Overall headcount increased globally, with 60% of the Company's workforce being international across five continents.
6. Partnership for Growth and Tech Expansion
A strategic alliance was signed with iQSTEL, Inc. (OTCQX:IQST) to help iQSTEL increase its market presence and share technologies to further both companies' businesses.
ONAR CEO Claude Zdanow attended NobleCon 2024 and showcased a glimpse into the Company's proprietary artificial intelligence usage and how machine learning capabilities are helping shape how the company leverages data.
Summary
We are pleased to report that our strategic initiatives are progressing according to plan, delivering strong results across key performance indicators. This positive momentum reinforces our confidence in the company's ability to achieve sustained growth.
Thank you for your support.
Sincerely,
Claude Zdanow
CEO, ONAR
About ONAR
ONAR (OTCQB: RELT) is a dynamic marketing and business solutions network, currently publicly traded as Reliant Holdings, Inc. with plans to become Onar Holding Corporation in the near future. ONAR's mission is to provide unparalleled service through an integrated, AI-driven approach, leveraging its diverse brand family's strengths. Committed to honor, candor, and best-in-class results, ONAR aims to lead the industry by example, ensuring every client relationship is deeply rooted in trust and excellence.
ONAR has nearly 50 employees across five continents, and it is aggressively expanding its team to support the company's growth and acquisition pipeline. Its agencies service over 45 clients across various industries:
Performance Marketing & SEO: Our high-touch performance marketing agency, Storia, specializes in brand growth, data-driven excellence, and paid advertising.
Full-Service Healthcare Marketing: Partnering with healthcare professionals, Of Kos provides the best possible patient experience and strives to revolutionize the standard of care.
Experiential Marketing & Events: CHALK is an experiential marketing powerhouse of event architects who turn bold ideas into unforgettable reality, designing events that dare to defy the ordinary.
ONAR's network of agencies focuses on servicing companies ranging from $50M to $1B+ in revenue, and ONAR is actively searching for agencies to acquire and become part of the network.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on ONAR's current expectations and projections about future events and financial trends that it believes may affect its financial condition, results of operations, business strategy, and financial needs. These statements are not historical facts and are inherently uncertain and outside of ONAR's control. Forward-looking statements include, among other things, statements regarding ONAR's expectations regarding its ability to achieve its financial and strategic goals, including surpassing $100 million in revenue and securing a NASDAQ listing; its ability to expand its client base and market share; and its ability to develop and launch new products and services. Actual results may differ materially from ONAR's expectations and projections due to various risks and uncertainties, including market conditions, competition, the ability to protect intellectual property, the ability to manage growth, changes in laws and regulations, and other factors described in ONAR's filings with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this press release, and ONAR undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Cision
Cision
View original content to download multimedia:https://www.prnewswire.com/news-releases/onar-provides-q3-2024-results-and-business-update-302340319.html
SOURCE ONAR
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