SACRAMENTO, Calif., April 4, 2017 /PRNewswire/ -- Zerez Holdings Corporation (OTC PINK: ZRZH) announced a 70-day Miracle today by posting their 2016 4th Quarter and Annual Reports to otcmarkets.com. The company reported 2016 Annual Revenues of $225,059, compared to 2015 Annual Revenues of $62,676. Annual Profits for 2016 are $63,774, compared to Annual Losses of <-$23,626> in 2015.
According to President John Taylor, "We are very pleased that we turned a quarterly profit and made the company's net 2016 results profitable after just 70 days on the job." Not included in the company's Quarterly Income Statement is the $900,000 deal signed in November 2016, which started producing $15,000 per month in January 2017. In addition, the company has recently announced several signed deals that are expected to be completed, paid for and reported in their 2017 1st Quarter Report due on, or before, May 15, 2017.
According to Zerez Vice President Don Smith, "Don't ever let anyone tell you that it's easy to take over a money-losing company, change both its management team and business plan, and turn it into a profitable company. To do this usually takes years, if it ever happens at all. And yet, we've done it, and we've done it within 70 days. We've worked for this moment for over 8 years. The reports we've posted are the result of knowing our business, recruiting a talented team, offering great products, and capitalizing on a once in a lifetime market opportunity in cannabis and advanced agriculture."
The company's main revenue was contributed by its subsidiary Next Generation Farming, Inc., a leading manufacturer of smart greenhouse systems based in Northern California.
Other exciting news for Zerez Holdings Corporation is that it recently filed with the SEC and FINRA to formally change its preferred name to SMART Cannabis, Inc. The change is being made to more accurately reflect its most immediate target market and expansion business plan. The process is expected to take approximately 60 days. No further details are available at this time.
About Zerez Holdings:
Zerez Holdings Corporation (OTC PINK: ZRZH) is a public equity corporation focused on the advanced agriculture and cannabis industries with plans to grow through acquisition, strategic alliances, and proprietary intellectual property. The company's wholly owned subsidiary Next Generation Farming Inc. provides turnkey commercial greenhouses and automation systems that improve yields and decrease water consumption for cultivators of organic food and cannabis crops. The company's websites are http://zerezholdings.com and http://nextgen.farm.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Zerez Holdings Corporation
Don Smith, Vice President
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SOURCE Zerez Holdings Corporation