Autris Announces Key Strategic Acquisition

07/08/2024 – 08:00 AM

Panama City, Republic of Panama–(Newsfile Corp. – July 8, 2024) – Autris (OTC Pink: AUTR), (“Autris” or the “Company”), a pioneering company dedicated to promoting freedom and self-sufficiency through the acquisition, design, development and construction of self-sufficient communities in Latin America and the Caribbean, announces key strategic acquisitions and significant growth in its financial and operating results. With the recent acquisition of EcoVillage Design, S.A. and Veritas Village Holdings Panama, S.A., Autris positions itself as the de facto leader in FIRST-certified (Freedom, Independence, Resilience, Self-Sufficiency and Transparency) purpose-built development of residential communities throughout the Latin American region.

Recently acquired EcoVillages (EcoVillages) is leading the way in creating highly desirable communities for libertarian-minded individuals who are seeking an alternative to political division and a shift away from the authoritarian tendencies of much of the Western world today. There is an incredibly rapidly growing segment of the population that is waking up to the various events and trends around the world and wants to live with like-minded individuals who share their concerns and desire to live in a live-and-let-live community away from censorship and cancel culture.

Veritas Village – Coronado (a community owned by the recently acquired Veritas Village Holdings Panama, S.A., Veritas Village – Coronado), in Panama, is located in a spectacularly beautiful area with stunning views, close to wonderful beaches and is one of the first flagship communities designed and embodying the EcoVillages FIRST philosophy. Lots and homes in the community are being purchased at an incredible rate, proving that communities based on these values ​​are the future. The Veritas Villages community brand is expected to be replicated in many countries in the region, allowing customers to choose their favorite location while knowing that the philosophy of freedom is a key aspect of all Veritas Villages. Veritas Villages residents become members of the Veritas Village Club, which provides them with benefits and discounts at any of the Veritas Villages. This gives Veritas Village residents and owners the opportunity to travel and stay in other amazing tropical destinations with like-minded people and at a lower cost.

“With these strategic acquisitions, the pieces are really starting to come together, and this is just the beginning,” said Patrick Hiebert, CEO and co-founder of Autris. “I am also excited that through our OTC presence, we are giving our loyal and passionate community residents, and others who share our vision, the opportunity to invest in a company that is turning their dream homes in the community into a reality.”

Key financial and operational data year-on-year and quarter:

• Achieved positive EBITDA for the quarter ended March 31^saint,2024 from $163,346 and net income $159,029.
• Total assets increased to $8,981,193 As of March 31^saint2024, from $4,816,452 (increase by $4,164,714 Or 86.5% quarter-on-quarter growth).
• Net equity increased to $3,996,535.
• Working capital increased to $741,346.
• Acquisition of EcoVillages Design, SA Completed
• Completed Acquisition of Veritas Village Holdings Panama, S.A.

Further information about Autris and full financial reports can be found on the company’s website at www.autrisgroup.com and on the OTC Markets Autris page at AUTR – Autris | Company Profile | OTC Markets.

About Autris: Autris is a forward-thinking company committed to freedom and sustainability. Through strategic acquisitions and innovative initiatives, Autris aims to create communities that embody the principles of freedom, independence, resilience, sustainability, and transparency.

For media inquiries, please contact: [email protected]

SAFE HARBOR ACT: Forward-looking statements are included within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding the Company’s expected future financial condition, results of operations, cash flows, financial plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations or listing on a stock exchange – including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will” and other similar expressions – are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond the Company’s control and could cause actual results, performance or achievements to be materially different from anticipated results, performance or achievements. The Company has no obligation (and expressly disclaims any obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. No information contained in this press release should be construed in any way as an indication of the Company’s future earnings results, financial condition or stock price.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/215662

Frequently asked questions

What companies has Autris recently acquired?

Autris recently acquired EcoVillage Design, S.A. and Veritas Village Holdings Panama, S.A.

What are Autris’ financial results in Q1 2024?

Autris reported EBITA operating profit of $163,346 and net profit of $159,029 for the first quarter of 2024.

By how much did Autris’ total assets increase?

Autris’ total assets increased by 86.5% to $8,981,193 as of March 31, 2024.

What is the significance of Veritas Village – Coronado?

Veritas Village – Coronado is a flagship community in Panama, designed in accordance with the EcoVillages FIRST philosophy, which facilitates the quick purchase of development plots.

How has Autris’ net equity changed?

Autris’ net equity value increased to $3,996,535.