CTR Consulting & Investments corporate update for 2023 expansion and 30 million revenue projections
CTR INVESTMENTS & CONSULTING, INC. (OTC PINK:CIVX) ("CTR Investments" or the "Company"), Fast Food Restaurants, Convenience Stores, and Travel Centers focused holding company and owner of 1780 Management Group, Inc., is pleased to provide its shareholders with a corporate and operational update and Revenue Projections of 30 Million for 2023.
The Company wishes to announce the following planned corporate actions slated to be completed in the 3rd quarter of this year (June to September 2023):
- Recent Wayback Burgers acquisition,
- Name & ticker Symbol change,
- New corporate website,
- New corporate presentation & investor deck for private funding to accelerate rollout.
CTR Investments & Consulting, Inc is pleased to announce it has acquired a "Wayback Burgers" branded a casual dining/fast food restaurant located at Braselton, Georgia for cash and consideration. In addition to a cash investment, CTR has agreed to a 10-year lease with the option to extend in two- or five-year increments.
The Company is actively pursuing several corporate actions aligned with its goal to become a fully reporting and subsequently up list to OTCQB. To that end, the Company has begun the process of rebranding and aligning its corporate identity. Pending regulatory approval, the Company plans to complete name and ticker symbol change in the quarter ending in September 2023.
Concurrently, CTR Investments is working on updating its corporate presentation and investor deck to reflect the recent developments that have taken place both with CTR Investments & Consulting, Inc., as well as its subsidiary 1780 Management Group, Inc.
Lastly, the company is on schedule to open five additional restaurants, five convenience stores, and a fully operational gas station, all in 2023.
The Company also wishes to share some of the upcoming planned developments of its subsidiary 1780 Management Group, Inc.:
- New Hot Wings restaurant opening in the next few weeks.
- Five convenience stores with Gas Stations to open.
- Five additional restaurants to open.
- One to two Travel Centers.
1780 Management will be expanding its restaurants, convenience stores, and gas station portfolios which are expected to be completed during each quarter. The company will soon reveal how it plans to accelerate these projects with the raise of private funding for the acceleration of its present acquisitions and expansion projects already in motion.
Pete R. Iodice, Chief Executive Officer, and Director of CTR Investments & Consulting, Inc. stated: "The team has expanded in recent months, but we remain as busy rapidly expanding on all fronts. I divested a group of convenience stores and fast-food restaurants and combined divestiture with $18 million in revenues. I had a non-compete in place that has expired, and I am now available to develop again. The plan being executed is to have a portfolio of a combination of restaurants, convenience stores, and Travel Centers exceeding 40 locations and 80 million plus in revenues. This portfolio is contingent on the company obtaining sufficient acquisitions and development funding".