asii_8k.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.

_____________________

 

FORM 8-K

_____________________

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): August 19, 2024 (August 16, 2024)

 

Accredited Solutions, Inc.

(Exact name of registrant as specified in its charter)

 

000-54509

 

45-2578051

(Commission File Number)

 

(IRS Employer Identification Number)

 

20311 Chartwell Center Drive

Suite 1469, Cornelius, North Carolina

 

 

28031

(Address of Principal Executive Offices)

 

(Zip Code)

 

800-947-9197

(Registrant’s telephone number, including area code)

 

_________________________________________

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the F4orm 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR240.14d-2(b))

 

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Title of Each Class

 

 

Trading Symbol(s)

 

Name of Each Exchange on

Which Registered

None

 

N/A

 

N/A

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

  

Item 7.01. Regulation FD Disclosure.

 

On August 16, 2024, the Board of Directors of Accredited Solutions, Inc., a Nevada corporation (the “Company”), adopted a 5-Year Strategic Plan to Achieve $750 Million in Annual Revenues (the “5-Year Plan”). The Company is furnishing the 5-Year Plan materials that management intends to use, possibly with modifications, in one or more meetings from time to time with current and potential investors. The 5-Year Plan includes a focus on securing seasoned corporate executives, organic growth and a growth-through-acquisition strategy, has begun to be implemented by the Company. As of the date of this Current Report, the Company has not entered into any agreement, express or implied, with respect to any addition to its executive management team or any acquisition.

 

The foregoing description of the 5-year Plan does not purport to be complete and is qualified in its entirety by reference to the complete text of the 5-Year Plan attached as Exhibit 99.1 to this Current Report on Form 8-K.

 

The information contained in the 5-Year Plan is summary information that should be considered in the context of the Company’s filings with the Securities and Exchange Commission and other public announcements the Company may make by press release or otherwise from time to time. The 5-Year Plan speaks as of the date of this Current Report. While the Company may elect to update the 5-Year Plan in the future to reflect events and circumstances occurring or existing after the date of this Current Report, the Company specifically disclaims any obligation to do so.

 

By furnishing this Current Report on Form 8-K and furnishing the 5-Year Plan, the Company makes no admission as to the materiality of any information in this Current Report, including, without limitation, the 5-Year Plan. The 5-Year Plan contains forward-looking statements. See Page 1 of the 5-Year Plan for a discussion of certain forward-looking statements that are included therein and the risks and uncertainties related thereto.

 

The information set forth in this Item 7.01 of this Report, including without limitation the 5-Year Plan, is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such a filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.

 

Description

99.1

 

5-Year Plan

104

 

Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

 

 
2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 ACCREDITED SOLUTIONS, INC.
    
Date: August 19, 2024By:/s/ Eduardo A. Brito

 

 

Eduardo A. Brito 
  Chief Executive Officer 

 

 
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EXHIBIT 99.1

Executive Summary

$750 Million in Annual Revenue

 

5-Year Plan

August 16, 2024

 

 

IMPORTANT CAUTIONS REGARDING FORWARD-LOOKING STATEMENTS

 

This presentation has been prepared by Accredited Solutions, Inc. (“we,” “us,” “our,” “Accredited Solutions” or the “Company”). This presentation does not constitute an offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements, nor shall there be any offer or sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

The information set forth herein does not purport to be complete or to contain all of the information you may desire. Statements contained herein are made as of the date of this presentation unless stated otherwise, and neither this presentation, nor any sale of securities, shall under any circumstances create an implication that the information contained herein is correct as of any time after such date or that information will be updated or revised to reflect information that subsequently becomes available or changes occurring after the date hereof. This presentation contains forward-looking statements. These forward-looking statements should not be used to make an investment decision. The words ‘believe,’ ‘expect,’ ‘may,’ ‘strategy,’ ‘future,’ ‘likely,’ ‘goal,’ ‘plan,’ 'estimate,' 'possible' and 'seeking' and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. All statements other than statements of historical facts included in this presentation regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements.

 

Examples of forward-looking statements include, among others, statements we make regarding our recent acquisitions and joint venture projects, the plans and objectives of management for future operations, including plans relating to the development of new products or services, and our future financial performance. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions.

 

Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, competition within the industries in which we operate, the timing, cost and success or failure of new product and service introductions and developments, our ability to attract and retain qualified personnel, maintaining our intellectual property rights and litigation involving intellectual property rights, legislative, regulatory and economic developments, and the other risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our most recently filed Annual Report on Form 10-K and any subsequently filed Quarterly Report(s) on Form 10-Q.

 

Any forward-looking statement made by us in this presentation is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

 

 

 

  

Table of Contents

 

I.

COMPANY OVERVIEW:

3

II.

REVENUE GROWTH TRAJECTORY:

3

III.

REVENUE AND PROFIT GROWTH STRATEGY

3

 

 

 

Synergistic Acquisitions:

3

Organic Growth Initiatives:

3

 

 

IV.

INITIAL STEPS FOR ACQUISITIONS

4

 

 

 

Acquiring Management Expertise:

4

 

 

V.

ACQUISITION TIMELINE - YEAR 1

4

 

 

 

Month 1:

4

Months 2-3:

4

Months 3-4:

5

Months 4-6:

5

 

 

VI:

ACQUISITION TIMELINE - YEARS 2 AND BEYOND

5

 

 

 

Year 2:

5

Years 3-5:

5

VII:

PROFIT OPTIMIZATION STRATEGY

6

 

 

 

Cost Reduction and Efficiency Improvement:

6

Revenue Maximization:

6

Financial Management:

6

 

 

VIII:

5-Year Revenue Growth Chart

7

 

 
2

 

 

I. Company Overview:

 

·

Accredited Solutions (“ASII”) is the sole owner of a premium alkaline water branded Diamond Creek Water, currently sold in major groceries and c-chain stores throughout the NE of the USA.

·

ASII is now pivoting its business focus on acquisition via growth in synergistic and other industries. The current management team will begin with phase I of its pivot by immediately bringing to the company the necessary talent, needed to create a successful acquisition strategy.

 

II. Revenue Growth Trajectory:

 

·

The company has already initiated phase I and the current potential candidates all have ample experience in acquisitions and synergistic integration. Additionally, they have proven track record in generating outsized growth of revenue and profit via acquisitions. Our plan is based on a 5-year revenue growth, starting from $30 million in Year 1 to $750 million in Year 5.

 

III. Revenue and Profit Growth Strategy

 

Synergistic Acquisitions:

 

·

Focus on acquiring profitable companies in the following sectors:

 

 

E-commerce: Expanding online retail presence and increasing market share.

 

AI-based e-commerce solutions: Offering cutting-edge tools to streamline operations and optimize sales channels.

 

AI-powered marketing: Enhancing customer engagement and increasing conversion rates through AI-driven insights.

 

Fintech: Integrating financial technology to provide seamless payment solutions and financial services.

 

Organic Growth Initiatives:

 

·

Synergies Between Administrative and Marketing Departments:

 

 

Streamlining operations to reduce costs and improve efficiency.

 

Leveraging data-driven decision-making to optimize marketing spend and customer acquisition.

 

·

Cross-Selling Opportunities:

 

 

Utilizing existing customer relationships to introduce new products and services.

 

Expanding product offerings across acquired companies to increase average revenue per customer.

 

·

Expertise and Synergistic Marketing:

 

 

Leveraging the expertise of acquired companies to enhance overall marketing strategies.

 

Creating a unified brand message that resonates across all sectors.

 

 
3

 

 

IV. Initial Steps for Acquisitions

 

Acquiring Management Expertise:

 

·

Advisors:

 

 

Identify and hire industry experts with deep knowledge in e-commerce, fintech, and AI-powered marketing.

 

Advisors will guide the company through the acquisition process, ensuring that each target company aligns with the overall strategic vision.

 

·

Board Members:

 

 

Appoint two independent board members with specialized expertise in the sectors of focus.

 

These board members will provide oversight and strategic direction for acquisitions and operations.

 

·

New Operating CEO:

 

 

Recruit a CEO with a proven track record in scaling businesses through acquisitions.

 

The new CEO will drive the execution of the acquisition strategy and ensure the integration of acquired companies.

 

V. Acquisition Timeline - Year 1

 

Month 1:

  

·

Hire Advisors and New CEO:

 

 

 

 

Begin the recruitment process for advisors and the new CEO.

 

Initiate conversations with potential acquisition targets to assess alignment with the company’s strategic goals.

 

Months 2-3:

 

·

Hire Independent Board Members:

 

 

 

Finalize the recruitment of two independent board members with expertise in e-commerce and fintech.

 

Form a new board focused on acquisitions and operations.

 

 

 

·

First Acquisition:

 

 

 

 

Close the first acquisition, serving as the initial platform for further acquisitions.

 

Begin integration of the acquired company’s operations into the existing structure,

 

 
4

 

 

Months 3-4:

 

·

Aggressive Strategy Launch:

 

 

 

 

Develop a more aggressive acquisition strategy based on insights gained from the first acquisition.

 

Identify additional acquisition targets that can provide strategic synergies.

 

Months 4-6:

 

·

Close Additional Acquisitions:

 

 

 

 

Successfully close 2-3 acquisitions, each contributing to the company’s growth objectives.

 

Identify a second platform acquisition that can synergize with the first and previously acquired companies.

 

VI:  Acquisition Timeline - Years 2 and Beyond

 

Year 2:

 

·

Continued Acquisitions:

 

 

 

 

Maintain momentum with ongoing acquisitions, focusing on companies that can be integrated to enhance overall business performance.

 

Prioritize targets that offer strong financials, a loyal customer base, and potential for cross-selling.

 

 

 

·

Operational Integration:

 

 

 

 

Focus on integrating newly acquired companies into the existing infrastructure.

 

Optimize synergies between departments to maximize profitability.

 

 

 

Years 3-5:

 

·

Scaling Operations:

 

 

 

 

Scale operations by leveraging the combined resources and expertise of acquired companies.

 

 

 

 

Focus on achieving the projected revenue milestones of $195 million in Year 3, $375 million in Year 4, and $500 million in Year 5.

 

 

 

· 

Long-Term Vision:

 

 

 

 

Continuously evaluate new acquisition opportunities that align with the company’s long-term vision.

 

Explore potential international expansion as part of the growth strategy.

 

 
5

 

 

VII: Profit Optimization Strategy

 

Cost Reduction and Efficiency Improvement:

 

·

Centralized Operations:

 

 

 

 

Consolidate operations across acquired companies to reduce redundancies and improve cost efficiency.

 

 

 

·

Technology Integration:

 

 

 

 

Implement AI-based solutions to streamline processes, reduce operational costs, and improve decision-making.

 

Revenue Maximization:

 

·

Data-Driven Decision Making:

 

 

 

 

Utilize data analytics to optimize pricing, marketing strategies, and customer acquisition efforts.

 

 

 

· 

Customer Retention and Expansion:

 

 

 

 

Focus on retaining existing customers through enhanced service offerings and personalized marketing.

 

Expand into new markets and customer segments to drive revenue growth.

 

Financial Management:

 

·

Profit Margins:

 

 

 

 

Continuously monitor and optimize profit margins across all business units.

 

 

 

·

Capital Structure Management:

 

 

 

 

Establish a long-term financial and capital structure discipline to increase shareholder value through a responsible plan to management number of newly issued common shares.

 

 
6

 

 

VIII: 5-Year Revenue Growth Chart

 

 

2024: $30 million

 

2025: $85 million

 

2026: $205 million

 

2027: $475 million

 

Year 5: $750 million

 

 
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