PALO ALTO, Calif., July 10, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Today July 10, 2018 CarSmartt®, (OTC:CRSM), is pleased to announce their latest filing with otc markets for the quarter ended June 30th 2018 showed record revenue which increased by over 400%. Cash at the end of the quarter increased by 550% and the company was proud to report $15,353.13 of net profit for the quarter. The strong growth from our recent acquisition Mining Boys Inc. allowed CarSmartt® to become profitable and cash flow positive.
Our COO Mr. Visconti added, “We are expanding operation to Colombia with a recent new rental contract on a warehouse located in the city of Barranquilla, we already shipped the first 15 servers to be arriving sometime next week.”
Mr. Visconti also said, “The CarSmartt ICO landing page will be completed this week along with the white paper and the road map, the ICO is based on a Utility Token which we currently do not believe will require a registration with the SEC. However, before we launch the landing page and begin collecting funds we are working with our advisers to ensure all legal requirements are achieved for the SEC.”
About: CarSmartt®
CarSmartt® Inc. is a startup company of the revolutionary APP.CARSMARTT.COM a ride sharing concept located in Palo Alto CA. (Silicon Valley), at CarSmartt® we aim to make long distance traveling safer and more affordable, while connecting with people along the way. CarSmartt® members can choose to share a ride or ship a package with the option of applying insurance coverage. All CarSmartt® drivers are subject to a background check to reassure the safety of passengers. CarSmartt® is currently now active in the USA, Italy, Mexico and Colombia. However, our company will soon continue to expand to Europe, Canada and Latin America.
About: Mining Boys,Inc.
Mining boys, Inc. is a retail store of Mining servers in USA, a Florida corporation with its retail location at 531 Jefferson Avenue, Miami Beach, Florida, 33140, http://www.miningboys.com. Mining boys retail operations sell, own and host bitcoin mining servers. The Company has both retail and its own mining severs and receives profit from its retail sales and recurring revenue from its hosting facility in Georgia.
CONTACT
CarSmartt®
228 Hamilton Ave.
Palo Alto, CA 94301
Website: http://www.carsmartt.com
Phone: 650-460-7416
Email: ir@carsmartt.com
FORWARD-LOOKING STATEMENT
Statements in this press release that are not historical fact may be deemed 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. Although CARSMARTT®, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, CARSMARTT®, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company’s ability to meet the conditions necessary to, among other matters, obtain a public listing on a major national exchange.