WINTER PARK, FL / ACCESSWIRE / November 29, 2023 / TOCCA Life Holdings, Inc. ("TLIF", "Tocca Life" or the "Company") announced today that the Company is projecting a significant revenue increase to be reported in the Company's soon to be released 2023 Annual Report for the period ending August 31, 2023.
Stephen Carnes, President of Tocca Life, stated, "I am extremely excited with the upcoming release of the company's financials. Long story short, we are projecting right at or just over a twenty percent (20%) increase in revenues within the company's wholly owned Aiguille Rock Climbing Center in Florida. Which in today's economy is very significant and shows that consumers are seeking venues and activities like climbing gyms even in tough economic times."
Carnes further stated, "Obviously, revenues for Tocca Life as an overall corporation are going to show an increase given the company a year ago was shell status, but that aside, the revenue projections of the Aiguille facility on its own, we are projecting an increase of approximately twenty percent (20%) for the time period from when we acquired Aiguille, which was April 1st of this year to fiscal year end which was August 31st, when comparing that same time period to that of 2022. Aiguille has experienced tremendous growth since we acquired the facility."
In October of this year, Aiguille Rock Climbing Center Inc. hosted a Region 71 Qualifying Event ("QE") Competition for youth competitors as part of USA Climbing's 2023-2024 season. The QE Competition was held on October 14, 2023, with over 130 youth competitors. The QE was a great success and Region 71's opening bouldering qualifier. Aiguille had recently completed a facility remodel along with many upgrades within the facility and the competition allowed Aiguille to showcase the newly revamped facility to climbers and families throughout the region.
Aiguille Rock Climbing Center Inc. is located in Longwood, FL and has been serving the Central Florida climbing community since 1997. Aiguille supports a thriving climbing community and offers bouldering, top rope, and auto-belay features within the gym. Aiguille has offerings for a wide range of climbing experience, from new climber to seasoned veteran.
Stephen Carnes, President and CEO, stated, "The Company recently made many improvements and upgrades to the Aiguille facility. We recently completed construction of a new bouldering wall that we have named the 'Cove' wall that connects both our 'Comp' wall and our 'Wave' walls. The Cove wall provides both overhang and an extended roof area that provides both great training and challenging routes for climbers. The new wall's name stems from the fact the area looks like a Cove in addition to the word being a combination of the first two letters of Comp and the last two letters of Wave, so the name worked out pretty well."
Carnes continued, "We have also recently added a new 12'x12' Kumiki training wall which is a state of the art, app driven, climbing wall that allows climbers to create, publish and train on climbing routes developed by themselves as well as other climbers around the world. The board features the ability changing the degree of inclination from 10 degrees to 60 degrees, creating very challenging training routines and routes."
Aiguille recently completed replacing and upgrading the flooring in the members lounge, lobby area and yoga room as well as the remodeling to all of the facilities bathrooms. In mid-September, Aiguille had all of the padding within the gym replaced and professionally installed with sewn permanent Cordura covers throughout the facility.
The indoor rock climbing industry is exploding with growth after the sport made its first debut in the 2020 Tokyo Olympic Games, which took place in 2021 due to the pandemic. Rock Climbing has now officially been added as an Olympic sport and will be part of the program in both the upcoming Paris 2024 and Los Angeles 2028 Olympic Games.
Notification of Late Filing: The Company's fiscal year end is not that of the calendar year, rather the fiscal year end for the Corporation is August 31st of each year. Given that the fiscal year end is not at the calendar year end, the Company has found it necessary and intends to file a notification of late filing later today in order to obtain an extension of time (up to 15 days) in which to complete the filing of the Annual Report. The delay is due to extenuating circumstances related to the integration of the financials from our most recent acquisition causing a delay due to a recent upgrade to the retail and member management system requiring extensive remapping of accounts to our accounting system which is simultaneously being upgraded from prior management.
Follow TOCCA Life Holdings, Inc. on Twitter at: @Tocca_Life
About TOCCA Life Holdings, Inc.
TOCCA Life Holdings Inc. is a Nevada Corporation whose primary business is through the Company's wholly owned subsidiary, Be Climbing, Inc. ("Be Climbing"). Be Climbing, headquartered in Winter Park, FL, recently announced that the Company will be opening its first world-class indoor rock climbing gym just outside downtown Orlando, FL.
Safe Harbor: This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a few uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events or otherwise.
CONTACT:
Steve Carnes
407-674-9444
toccalifeholdings@gmail.com
SOURCE: TOCCA Life Holdings Inc.
View source version on accesswire.com:https://www.accesswire.com/811171/tocca-life-holdings-inc-projecting-large-revenue-increase-and-provides-impressive-corporate-wide-updates
