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NEXT10, Inc. Acquires Torreon Group, Inc. for Real Estate and Commercial Ventures Expansion
ByAinvest
Monday, Jun 9, 2025 9:36 am ET1min read
Next10, Inc. has acquired Torreon Group, Inc., an Arizona-based company with a strong portfolio in real estate development, commercial ventures, and strategic acquisitions. The acquisition details will be shared in public announcements starting later this week. The acquisition is subject to risks and uncertainties that could affect the company's current plans and expectations.
Next10, Inc. (OTC: NXTN), a Nevada-based corporation, has announced its acquisition of Torreon Group, Inc., an Arizona-based company with a strong portfolio in real estate development, commercial ventures, and strategic acquisitions. The acquisition, which is expected to be finalized later this week, is subject to certain risks and uncertainties that could impact the company's current plans and expectations.Details of the acquisition, including the financial terms and specific strategic objectives, will be shared in public announcements later this week. The acquisition is part of Next10, Inc.'s ongoing strategy to diversify its business portfolio and expand into new markets.
Next10, Inc. has seen significant growth in recent years, with its Ultimate Logistics subsidiary reporting $32 million in gross revenue in 2021 [1]. The company has been focusing on providing lease-to-own opportunities for experienced over-the-road (OTR) truck drivers, offering a unique, one-stop-shop program that includes 30+ services and support for independent owner-operators [2].
The acquisition of Torreon Group, Inc. is expected to complement Next10, Inc.'s existing operations and provide access to new revenue streams. However, the company acknowledges the potential risks and uncertainties associated with the acquisition, including market conditions, regulatory environments, and integration challenges.
Investors and financial professionals are advised to closely monitor the upcoming public announcements for more details on the acquisition and its potential impact on Next10, Inc.'s financial performance and strategic direction.
References:
[1] https://ih.advfn.com/stock-market/USOTC/next10-pk-NXTN/news
[2] https://ih.advfn.com/stock-market/USOTC/next10-pk-NXTN/news
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