pumpnass
7 months ago
SUNTEX ENTERPRISES PROVIDES CORPORATE UPDATE
March 28, 2024- Las Vegas, Nevada. Suntex Enterprises, Inc (OTC: SNTX) is pleased to provide a corporate update.
On January 30, 2024, the Company reached an agreement with a Noteholder holding $111,100 of Convertible Notes entered into between 2018-2019. The Notes were redeemed on February 1, 2024, for a significantly reduced amount and have been cancelled. In addition, the conversion feature on an additional $ 94,500 of existing Convertible Notes has been changed from a variable priced (50% discount to market) to a fixed conversion price of $.001.
The Company si currently working to complete and file the delinquent filings with OTC Markets.
About the Company: Suntex Enterprises Inc. si a Lifestyle Company thriving on building long-term success with either partnerships or by acquiring exceptional business assets. The Company's strategy for identifying and acquiring assets of value involves applying creative and insightful leadership from a team with experience targeting auniverse of smal and medium-sized assets in North America.
The Company currently operates Budding Botanicals, a consumer driven CBD company that specializes ni the personal care industry. In 2022 the Company purchased Warrior Spiced Tequila. Warrior Spiced is a Cinnamon and Jalapeno infused tequila product produced in Mexico and imported to the US. Suntex will continue to be aggressively identifying assets ot acquire and develop that fit the Lifestyle model to facilitate growth. The Company utilizes management expertise ot optimize existing assets and further develop assets within the portfolio. Implementing a conservative fiscal management approach ensures tight controls for operating budgets and capital expenditures.
Contact: Lawrence Twombly - CEO info@suntexenterprises.com
+1 (760) 525-7411 www.buddingbotancialsca.com Forward-Looking Statements:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include al statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors, or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward- looking statements. Among the factors that could cause actual results to differ materially from those indicated ni the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed ni detail ni the Company's periodic filings with the Securities and Exchange Commission and OTC Markets.
brown4321
11 months ago
SNTX
U.S.: OTC
Suntex Enterprises Inc.
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Last Updated: Dec 27, 2023 11:43 a.m. EST
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VOLUME: 1.5M
65 DAY AVG: 106.59K
1,407% VS AVG
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FINANCIALS
MORE
INCOME STATEMENT
BALANCE SHEET
CASH FLOW
SEC FILINGS
ANNUAL
QUARTERLY
ITEM
ITEM
2018
2019
2020
2021
2022
5-YEAR TREND
Sales/Revenue
Sales/Revenue
2.1K
15.31K
12.96K
555.99K
2.23M
Sales Growth
Sales Growth
-
630.19%
-15.36%
4,190.05%
301.67%
Cost of Goods Sold (COGS) incl. D&A
Cost of Goods Sold (COGS) incl. D&A
30.28K
38.09K
12.7K
379.48K
1.86M
COGS Growth
COGS Growth
-
25.80%
-66.66%
2,887.58%
389.26%
COGS excluding D&A
COGS excluding D&A
30.28K
38.09K
12.7K
379.48K
1.86M
Depreciation & Amortization Expense
Depreciation & Amortization Expense
-
-
-
-
-
Depreciation
Depreciation
-
-
-
-
-
Amortization of Intangibles
Amortization of Intangibles
-
-
-
-
-
Gross Income
Gross Income
(28.19K)
(22.78K)
258
176.51K
376.58K
Gross Income Growth
Gross Income Growth
-
19.17%
101.13%
68,313.57%
113.35%
Gross Profit Margin
Gross Profit Margin
-
-
-
-
16.86%
SG&A Expense
SG&A Expense
160.38K
8.99K
8.73K
51.82K
90.72K
SGA Growth
SGA Growth
-
-94.39%
-2.95%
493.85%
75.08%
Research & Development
Research & Development
-
-
-
25.08K
49.2K
Other SG&A
Other SG&A
160.38K
8.99K
8.73K
26.74K
41.52K
Other Operating Expense
Other Operating Expense
-
-
-
-
-
Unusual Expense
Unusual Expense
950K
300K
220.23K
-
-
EBIT after Unusual Expense
EBIT after Unusual Expense
(1.14M)
(331.77K)
(228.7K)
-
-
Non Operating Income/Expense
Non Operating Income/Expense
-
-
-
-
-
Non-Operating Interest Income
Non-Operating Interest Income
-
-
-
-
-
Equity in Affiliates (Pretax)
Equity in Affiliates (Pretax)
-
-
-
-
-
Interest Expense
Interest Expense
24.63K
25.93K
30.78K
30.78K
-
Interest Expense Growth
Interest Expense Growth
-
5.29%
18.68%
0.00%
-
Gross Interest Expense
Gross Interest Expense
24.63K
25.93K
30.78K
30.78K
-
Interest Capitalized
Interest Capitalized
-
-
-
-
-
Pretax Income
Pretax Income
(1.16M)
(357.71K)
(259.87K)
93.91K
285.86K
Pretax Income Growth
Pretax Income Growth
-
69.25%
27.35%
136.14%
204.39%
Pretax Margin
Pretax Margin
-
-
-
-
12.80%
Income Tax
Income Tax
-
-
-
-
-
Income Tax - Current Domestic
Income Tax - Current Domestic
-
-
-
-
-
Income Tax - Current Foreign
Income Tax - Current Foreign
-
-
-
-
-
Income Tax - Deferred Domestic
Income Tax - Deferred Domestic
-
-
-
-
-
Income Tax - Deferred Foreign
Income Tax - Deferred Foreign
-
-
-
-
-
Income Tax Credits
Income Tax Credits
-
-
-
-
-
Equity in Affiliates
Equity in Affiliates
-
-
-
-
-
Other After Tax Income (Expense)
Other After Tax Income (Expense)
-
-
-
-
-
Consolidated Net Income
Consolidated Net Income
(1.16M)
(357.71K)
(259.87K)
93.91K
285.86K
Minority Interest Expense
Minority Interest Expense
-
-
-
-
-
Net Income
Net Income
(1.16M)
(357.71K)
(259.87K)
93.91K
285.86K
Net Income Growth
Net Income Growth
-
69.25%
27.35%
136.14%
204.39%
Net Margin Growth
Net Margin Growth
-
-
-
-
12.80%
Extraordinaries & Discontinued Operations
Extraordinaries & Discontinued Operations
-
-
-
-
-
Extra Items & Gain/Loss Sale Of Assets
Extra Items & Gain/Loss Sale Of Assets
-
-
-
-
-
Cumulative Effect - Accounting Chg
Cumulative Effect - Accounting Chg
-
-
-
-
-
Discontinued Operations
Discontinued Operations
-
-
-
-
-
Net Income After Extraordinaries
Net Income After Extraordinaries
(1.16M)
(357.71K)
(259.87K)
93.91K
285.86K
Preferred Dividends
Preferred Dividends
-
-
-
-
-
Net Income Available to Common
Net Income Available to Common
(1.16M)
(357.71K)
(259.87K)
93.91K
285.86K
EPS (Basic)
EPS (Basic)
(0.02)
(0.01)
(0)
0
0
EPS (Basic) Growth
EPS (Basic) Growth
-
69.19%
28.30%
115.79%
133.33%
Basic Shares Outstanding
Basic Shares Outstanding
67.65M
67.65M
67.65M
150.35M
197.35M
EPS (Diluted)
EPS (Diluted)
(0.02)
(0.01)
(0)
0
0
EPS (Diluted) Growth
EPS (Diluted) Growth
-
69.19%
28.30%
115.79%
133.33%
Diluted Shares Outstanding
Diluted Shares Outstanding
67.65M
67.65M
67.65M
150.35M
197.35M