ReachOut Reports $4.4M Net Income Amid Strategic Transformation to Cybersecurity Holding Company

Yuengling's Ice Cream Corporation (OTC: YCRM), operating under the brand ReachOut, reported a significant financial turnaround with net income swinging to $4.4 million for the fiscal year ended December 31, 2024, marking a pivotal moment in the company's strategic transformation. Revenue increased 27.4% to $4.81 million, up from $3.78 million in 2023, while gross profit surged 145.7% to $2.98 million, driven by a 28.4% decrease in costs of goods sold and $2.4 million in cancelled debt.

The company is undergoing a fundamental restructuring, abandoning what CEO Rick Jordan calls the "fundamentally broken and dying" traditional managed service provider model. "We're completely reinventing what's possible in this space," Jordan stated. "We're building a nationwide brand where none existed before, bringing advanced protection to small and medium businesses that have been completely ignored by the industry." The transformation strategy mirrors the Berkshire Hathaway structure with an Alphabet-style portfolio approach, enabling ReachOut to own, develop, and scale independent technology ventures.

This strategic pivot represents one of the most ambitious transformations in the cybersecurity industry, as the company formally submitted its application with FINRA for a name and ticker symbol change to reflect its new focus on cybersecurity, automation, and digital identity technology. The new growth strategy abandons larger acquisitions in favor of a nimble, high-velocity approach targeting $500K-$2M firms that can be rapidly integrated and scaled 2-5X within 24 months, with 4-8 acquisitions planned annually.

The company's innovative approach combines holding company economics with disruptive market penetration, creating what Jordan describes as "a wealth-generation machine with asymmetric upside that traditional players can't touch." Key components include developing independent ventures like TRUSTLESS, a decentralized identity platform, implementing AI copilots and automation to scale revenue without proportional overhead growth, and leveraging media-driven growth through Rick Jordan's personal brand and globally ranked podcast reaching 1.6 million followers across 70+ countries.

Investors can review detailed financial information and risk factors in the company's filings with the Securities and Exchange Commission at https://www.sec.gov. The company's transformation from a traditional MSP to a technology holding company positions it for national expansion, disruptive mergers and acquisitions, and a planned NASDAQ uplisting, representing a complete departure from legacy operations and a new paradigm in cybersecurity service delivery.