Metavesco, Inc. (OTCID: MVCO), a diversified holding company, announced preliminary unaudited results for its on-demand staffing subsidiary, Epic Labor, Inc., for August 2026. The subsidiary generated revenue of $382,730, a 129% increase from $167,115 in August 2025. Notably, August 2025 was a five-week fiscal month, while August 2026 had only four weeks, making the growth even more significant. On an average weekly basis, revenue surged approximately 186% to $95,700 per week from $33,423 in the prior-year period.
The sequential performance also impressed, as August's revenue exceeded July 2026's $340,410 despite having one fewer operating week. Weekly revenue rose approximately 41% from $68,082 in July to about $95,700 in August. This acceleration underscores the effectiveness of Epic Labor's operational strategy and the increasing demand for its services.
Ryan Schadel, President and CEO of Metavesco, commented, "A four-week August beat last year's five-week August on total revenue. The weekly run rate is the number that matters, and it accelerated from July. The Epic Labor team keeps executing week after week, and we see lots of expansion opportunity ahead." His remarks highlight the company's confidence in its growth trajectory and the scalability of its business model.
Epic Labor specializes in providing fast, reliable, on-demand labor to small and mid-sized businesses across sectors such as construction, warehousing, hospitality, manufacturing, and event staffing. Its 24/7 availability, backed by a 2-Hour Guarantee, positions it well to capture market share in the gig economy. The revenue surge indicates a robust market need for flexible staffing solutions, which is particularly relevant as businesses increasingly seek agile workforce options to navigate economic uncertainties.
These preliminary results are unaudited and reflect only revenue figures. Complete financial results will be reported in the company's periodic filings on otcmarkets.com. Investors should note that these forward-looking statements involve risks and uncertainties, and actual results may differ materially from projections. Factors influencing outcomes are detailed in the company's SEC filings.
The strong performance of Epic Labor is a positive indicator for Metavesco's overall portfolio, suggesting that its investment in the on-demand staffing sector is yielding substantial returns. As the company continues to expand its subsidiary operations, the ability to sustain this growth will be critical in driving shareholder value. The news also reflects broader trends in the labor market, where on-demand services are becoming an integral part of workforce management strategies.
