Metavesco, Inc. (OTC: MVCO) today announced the results of a comprehensive segment-by-segment review of its operating businesses and a strategic realignment of capital toward the segments management believes offer the greatest potential for sustainable revenue and profit growth.
"We took a hard look at every part of this company and made disciplined decisions about where our capital and focus belong," said Ryan Schadel, Chief Executive Officer of Metavesco. "Growth means concentrating our resources behind the businesses that can scale - and having the discipline to step away from the ones that can't."
Following the review, Metavesco will concentrate its resources on two core growth segments: OTCfi - the Company's investor relations and infrastructure platform for the OTC market, anchored by OTC Squawk, a social media platform built for OTC traders, investors, and issuers. Management views OTCfi as the Company's most significant long-term opportunity and the centerpiece of its forward strategy. Additionally, Epic Labor, the Company's on-demand staffing business with operations in Nashville and Baltimore, provides a foundation of operating revenue and established growth potential.
As part of the realignment, Metavesco is sunsetting its on-chain activities (excluding OTCfi related), including its decentralized finance operations and associated liquidity pools; fully exiting cryptocurrency mining operations; and discontinuing its Boring Brew operations. "Not every initiative earns a permanent place in the portfolio, and we're not interested in holding onto businesses out of sentiment," Schadel continued. "These decisions free up focus and resources for the segments that can actually move the needle."
In the course of building and testing IRA, the Company's AI-powered investor relations product, Metavesco identified a recurring pattern: the work surfaced meaningful opportunities across the public markets - not just prospective customers, but potential opportunities for the Company itself. "When you sit at the center of the OTC market the way we intend for this platform, you start to see things others don't," said Schadel. "We've been treating those as leads. We're now going to treat them as what they really are - opportunities for Metavesco to participate in and grow from directly. That's a meaningful evolution in how we think about this business." Metavesco intends to develop this into a deliberate part of its forward strategy, pursuing select opportunities as a participant where management believes the potential return justifies the Company's involvement.
More information about the potential factors that could affect the business and financial results is included in the Company's filings on otcmarkets.com. Learn more at metavesco.com.