CHARLOTTE, N.C., Aug. 04, 2021 (GLOBE NEWSWIRE) -- LiveToBeHappy, Inc. (OTC: CAVR), formerly known as CAVU Resources, Inc., has officially changed its name. The company also filed an application with FINRA to change its symbol from CAVR to LTBH and prepares to launch website – www.livetobehappy.com.
“Building lives, not just places to live™” is at the heart of everything we do. Live To Be Happy isn’t just who we are, it’s our corporate culture, our mission. LTBH (Live To Be Happy) is an ideal symbol. LTBH, when Googled, is an acronym for “Long Term, Buy Hold”. In our world, it means the same – but with purpose – building long-term shareholder value while making a positive impact on the lives of our clients,” Bob Silver, Executive Chairman, stated.
The company has engaged HoganTaylor to conduct its audit – the last major obstacle to up-listing to OTCQB.
“We worked with HoganTaylor to produce Quality of Earnings diligence for one of our prospective acquisitions and were impressed with their commitment to integrity. This commitment is exactly what we were looking for in an audit partner. Moving to OTCQB is one of our strategic initiatives and engaging them allows us to take a major step towards accomplishing our objective.” Grant Edwards, Chief Financial Officer at LiveToBeHappy, Inc.
Progress is being made to close on several acquisition targets. The company had previously stated it entered Letters of Intent to acquire several companies.
“We now have the right of first refusal on over 10,000 lots in the south-central and southeastern part of the country. This positions our company for amazing success given the progress we’ve made towards closing on three major acquisitions within our Real Estate Development platform. We fully expect to close on these acquisitions and doing so will expand our geographical footprint, improve our capacity, and enhance our margins,” according to Russ Sinacori, President and COO.
Kevin Vincent Cox, when asked about the progress the company is making, said, “Q2 revenue will be in line with our previous guidance. When we close on the companies currently under LOI within the Real Estate Development Platform, we will add over $60 Million in real revenue and $7 Million in real adjusted EBITDA on an annualized basis. As if this wasn’t enough progress, we also have four companies under LOI within our Technology Platform and I hope to be making some exciting announcements about them very soon.”
LIVETOBEHAPPY, INC
LIVETOBEHAPPY is a cross platform holding company with a Real Estate Development Platform and Technology Platform. Within the Real Estate Development Platform LiveToBeHappy wholly owns Sinacori Builders. Within the Technology Platform LiveToBeHappy has launched Growing Together Academy – an on-line education program, the DRIP Climber – a patent pending climbing machine, and SOKU – an avatar based social media application. To learn more, visit www.livetobehappy.com.
SINACORI BUILDERS
Sinacori Builders, a CAVU Resources company, is a technology-driven real estate company with more than 13 million dollars in assets and over 11 million dollars in secured contracts/closings in 2021. This wholly owned CAVU subsidiary has a strong foothold in Charlotte, North Carolina, and is expanding its footprint throughout the Southeast. The Company plans on growing its brand and enhancing shareholder value by leveraging its connections with the country's top builders to become a national player. To learn more, visit www.sinacoribuilders.com
NON-GAAP MEASUREMENTS
Management believes that certain non-GAAP financial measures may be useful in providing additional meaningful comparisons between current results and results in prior periods. In addition, within this release, reference is made to earnings before interest, taxes, depreciation and amortization (EBITDA). EBITDA is a metric used by management to evaluate performance and frequently used by the financial community which provides insight into an organization’s operating trends and facilitates comparisons between peer companies, since interest, taxes, depreciation and amortization can differ greatly between organizations as a result of differing capital structures and tax strategies.
FORWARD-LOOKING STATEMENTS:
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, among other thing, statements regarding the offering, the expected gross proceeds, the expected use of proceeds and the expected closing of the offering. Any forward-looking statements contained herein are based on current expectations and are subject to a number of risks and uncertainties. These forward-looking statements are identified by the use of words such as "continue," "expect," "believe" and "expand," among others. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company's ability to develop, market and sell its products; the expected benefits and efficacy of the Company's products; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; uncertainties relative to the COVID-19 pandemic and economic development, and, the Company's business, research, product development, marketing and distribution plans and strategies. The company disclaims any obligation to update these forward-looking statements, except as required by law.
Contact – Kevin Vincent Cox