Trooperstocks
17 hours ago
NEWS: ONAR Appoints Patricia Kaelin as Chief Financial Officer
PR Newswire
Mon, January 6, 2025 at 3:45 PM EST 5 min read
In This Article:
RELT
LOS ANGELES, Jan. 6, 2025 /PRNewswire/ -- ONAR (OTCQB:RELT), an expanding network of highly-specialized boutique marketing agencies, today announced the appointment of Patricia Kaelin as Chief Financial Officer, effective December 2, 2024.
A seasoned financial executive with a proven track record of driving company growth and shareholder value, Ms. Kaelin will be instrumental in propelling ONAR to new heights. With a deep understanding of financial strategy and a keen eye for opportunity, she will play a pivotal role in shaping the company's financial future.
A Highly Skilled Financial Executive Joins ONAR
Ms. Kaelin is a seasoned financial executive with a demonstrated ability to maximize profitability and create value for investors. As an experienced CPA and a member of the American Institute of Certified Public Accountants, she brings a wealth of expertise to the ONAR leadership team.
With over 25 years of experience leading finance teams at both public and private companies, Ms. Kaelin has a knack for navigating complex financial landscapes. She has successfully spearheaded strategic initiatives, including mergers and acquisitions, capital market transactions, and corporate restructurings.
Ms. Kaelin has a deep understanding of global business operations and has worked with companies generating billions in revenue. Her expertise in financial management, strategic planning, and financial reporting has enabled her to achieve superior results.
Prior to joining ONAR, Ms. Kaelin successfully raised capital, secured loans and investments to foster company growth, and led efforts to increase efficiencies, automate processes, and make companies more profitable. She was also instrumental in IPOs and other successful exits in her roles as Chief Financial Officer.
In her new role at ONAR, Ms. Kaelin will be responsible for:
Financial planning and strategy: Leading strategic financial planning to drive sustainable growth and maximize shareholder value by proactively identifying and capitalizing on market opportunities through insightful financial modeling and forecasting, while optimizing capital allocation to fuel future innovation.
Risk management and compliance: Proactively identifying and mitigating potential threats to the company's financial stability and operational success, ensuring robust compliance with all relevant regulations, and fostering a company-wide culture of risk awareness and proactive mitigation.
Financial reporting and analysis: Direct the delivery of high-quality, transparent, and timely financial reporting that provides critical insights to stakeholders. By conducting in-depth financial analysis and leveraging data-driven insights, she will inform strategic decision-making and drive operational excellence.
An Exciting Addition to the Leadership Team
"I am incredibly excited to join the ONAR team. I believe my experience in driving growth through strategic acquisitions and my focus on maximizing profitability and shareholder value will be invaluable as we continue to expand our market presence and achieve our ambitious goals in the future," said Ms. Kaelin.
"We are thrilled to welcome Patricia to the ONAR team. Her extensive financial expertise and strategic vision will be crucial as we continue to scale our operations and drive innovation. We are confident that she will play a critical role in achieving our long-term growth objectives," said CEO Claude Zdanow.
About ONAR
ONAR (OTCQB: RELT) is a dynamic marketing and business solutions network, currently publicly traded as Reliant Holdings, Inc. with plans to become Onar Holding Corporation in the near future. ONAR's mission is to provide unparalleled service through an integrated, AI-driven approach, leveraging its diverse brand family's strengths. Committed to honor, candor, and best-in-class results, ONAR aims to lead the industry by example, ensuring every client relationship is deeply rooted in trust and excellence.
ONAR has nearly 50 employees across five continents, and it is aggressively expanding its team to support the company's growth and acquisition pipeline. Its agencies service over 45 clients across various industries:
Performance Marketing & SEO: Our high-touch performance marketing agency, Storia, specializes in brand growth, data-driven excellence, and paid advertising.
Full-Service Healthcare Marketing: Partnering with healthcare professionals, Of Kos provides the best possible patient experience and strives to revolutionize the standard of care.
Experiential Marketing & Events: CHALK is an experiential marketing powerhouse of event architects who turn bold ideas into unforgettable reality, designing events that dare to defy the ordinary.
ONAR's network of agencies focuses on servicing companies ranging from $50M to $1B+ in revenue, and ONAR is actively searching for agencies to acquire and become part of the network.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on ONAR's current expectations and projections about future events and financial trends that it believes may affect its financial condition, results of operations, business strategy, and financial needs. These statements are not historical facts and are inherently uncertain and outside of ONAR's control. Forward-looking statements include, among other things, statements regarding ONAR's expectations regarding its ability to achieve its financial and strategic goals, including surpassing $100 million in revenue and securing a NASDAQ listing; its ability to expand its client base and market share; and its ability to develop and launch new products and services. Actual results may differ materially from ONAR's expectations and projections due to various risks and uncertainties, including market conditions, competition, the ability to protect intellectual property, the ability to manage growth, changes in laws and regulations, and other factors described in ONAR's filings with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this press release, and ONAR undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
View original content to download multimedia:https://www.prnewswire.com/news-releases/onar-appoints-patricia-kaelin-as-chief-financial-officer-302343435.html
SOURCE ONAR
Trooperstocks
1 week ago
$RELT NEWS: ONAR Provides Q3 2024 Results and Business Update
PR Newswire
Mon, December 30, 2024 at 1:01 PM
In This Article:
RELT +56.56%
IQST -2.55%
LOS ANGELES, Dec. 30, 2024 /PRNewswire/ -- Reliant Holdings, Inc. (OTCQB:RELT) soon to be ONAR Holding Corporation ("ONAR"), a growing network of highly-specialized marketing agencies, has released its Q3 Shareholder Letter along with its SEC filing of its 10-Q for the last quarter. This letter covers the results of the company's financial progress as it continues to grow.
ONAR
ONAR
The letter to shareholders covers key highlights for the nine months that ended September 30, 2024 and gives a first look at the Company's consolidated business since the reverse merger announced in Q2 2024.
"It has been quite a journey getting to this point. ONAR is now on the trajectory we envisioned when we started the reverse merger process," said Claude Zdanow, CEO of ONAR. "We are incredibly proud of where we are today and know we have a platform set for rapid growth through the acquisitions we are targeting and our plans for organic growth."
In alignment with its commitment to becoming a $100 million revenue company and uplisting to NASDAQ, ONAR has developed a comprehensive business plan that includes a targeted acquisition strategy for the next 18-24 months.
Additionally, ONAR will announce a new board charter to usher in an Independent Board of Directors in Q1 of 2025. The new board and its growing investor base demonstrates the support that exists for the company's vision and growth strategy, underscoring the shared commitment to building a premier, technology-enabled marketing powerhouse.
The shareholder letter highlights these notable achievements from Q3:
Increased Revenues: By completing the reverse merger, the Company's consolidated revenue for the nine months ending September 30, 2024, was 57% higher than the same period last year.
Decreased Cost of Revenues: The Cost of Revenues declined by almost $250,000 as compared to the same period last year.
Increase in Cash on Hand: Cash Balance Increased by almost $.5 Million as compared to December 31, 2023.
Global Reach: Overall headcount increased globally, with 60% of the Company's workforce being international across five continents.
Partnership for Growth and Tech Expansion: A strategic alliance was signed with iQSTEL, Inc. (OTCQX:IQST) to help iQSTEL increase its market presence and share technologies to further both companies' businesses.
ONAR concludes the letter with enthusiasm and optimism for the future, stating its ambitious goals to expand its network of agencies in 2025.
The full shareholder letter is shared below.
Dear Shareholders,
We are excited to announce our Q3 FY-2024 results, a testament to ONAR's extraordinary growth and strategic innovation. This quarter has solidified our position as a leader in the marketing industry, and we are eager to share the tangible progress we have made.
1. Revenue and Profitability
By completing the reverse merger, the Company's consolidated revenue for the nine months ending September 30, 2024, was 57% higher than the same period last year.
Recurring Revenues remained steady as Cost of Revenues declined by almost $250,000 as compared to the same period last year.
Revenues are expected to increase organically in the near future due to new contracts being negotiated.
Digital Marketing Agency Performance
Recurring revenues remained steady, with Net Operating Income equaling ~5% of Sales. NOI is expected to increase in the near term due to new sales hires, which contributed to the reduction in NOI.
Healthcare Marketing Agency Performance
Net Operating Income for Healthcare Marketing services was nearly 44% of Sales.
2. Interest Expense
Interest paid increased nominally as compared to the previous year as a result of financing activities to complete the reverse merger. This will be offset by an increase in Revenues in the near future, as well as liabilities that will be converted into Equity.
3. Assets and Liabilities
Cash Balance increased by almost $.5 Million as compared to December 31, 2023
4. Cash Flow and Liquidities
Financing activities provided $1.8M (Net) for the 9 months ended September 30, 2024. This provided working capital and funds for expansion and the reverse merger.
5. Global Presence, Operational Reach, and Marketing
Overall headcount increased globally, with 60% of the Company's workforce being international across five continents.
6. Partnership for Growth and Tech Expansion
A strategic alliance was signed with iQSTEL, Inc. (OTCQX:IQST) to help iQSTEL increase its market presence and share technologies to further both companies' businesses.
ONAR CEO Claude Zdanow attended NobleCon 2024 and showcased a glimpse into the Company's proprietary artificial intelligence usage and how machine learning capabilities are helping shape how the company leverages data.
Summary
We are pleased to report that our strategic initiatives are progressing according to plan, delivering strong results across key performance indicators. This positive momentum reinforces our confidence in the company's ability to achieve sustained growth.
Thank you for your support.
Sincerely,
Claude Zdanow
CEO, ONAR
About ONAR
ONAR (OTCQB: RELT) is a dynamic marketing and business solutions network, currently publicly traded as Reliant Holdings, Inc. with plans to become Onar Holding Corporation in the near future. ONAR's mission is to provide unparalleled service through an integrated, AI-driven approach, leveraging its diverse brand family's strengths. Committed to honor, candor, and best-in-class results, ONAR aims to lead the industry by example, ensuring every client relationship is deeply rooted in trust and excellence.
ONAR has nearly 50 employees across five continents, and it is aggressively expanding its team to support the company's growth and acquisition pipeline. Its agencies service over 45 clients across various industries:
Performance Marketing & SEO: Our high-touch performance marketing agency, Storia, specializes in brand growth, data-driven excellence, and paid advertising.
Full-Service Healthcare Marketing: Partnering with healthcare professionals, Of Kos provides the best possible patient experience and strives to revolutionize the standard of care.
Experiential Marketing & Events: CHALK is an experiential marketing powerhouse of event architects who turn bold ideas into unforgettable reality, designing events that dare to defy the ordinary.
ONAR's network of agencies focuses on servicing companies ranging from $50M to $1B+ in revenue, and ONAR is actively searching for agencies to acquire and become part of the network.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on ONAR's current expectations and projections about future events and financial trends that it believes may affect its financial condition, results of operations, business strategy, and financial needs. These statements are not historical facts and are inherently uncertain and outside of ONAR's control. Forward-looking statements include, among other things, statements regarding ONAR's expectations regarding its ability to achieve its financial and strategic goals, including surpassing $100 million in revenue and securing a NASDAQ listing; its ability to expand its client base and market share; and its ability to develop and launch new products and services. Actual results may differ materially from ONAR's expectations and projections due to various risks and uncertainties, including market conditions, competition, the ability to protect intellectual property, the ability to manage growth, changes in laws and regulations, and other factors described in ONAR's filings with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this press release, and ONAR undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Cision
Cision
View original content to download multimedia:https://www.prnewswire.com/news-releases/onar-provides-q3-2024-results-and-business-update-302340319.html
SOURCE ONAR
Trooperstocks
3 weeks ago
ONAR Expands Into Healthcare Marketing With Acquisition and Rebranding of VMed to Of Kos
ONAR
November 26, 2024
In This Article:
RELT
ONAR (OTCQB:RELT), a global network of marketing agencies, is excited to announce its acquisition of VMed and the subsequent rebranding to Of Kos.
The acquisition began as early as March of 2023, but its more recent strategic transformation underscores ONAR's visionary drive to position the agency at the forefront of the healthcare marketing industry.As ONAR expands its expertise to new and emerging markets, Of Kos aligns with its robust acquisition strategy by adding healthcare marketing to ONAR's matrix of specializations.
Why Of Kos?
The name "Of Kos" is in reference to the father of modern medicine, Hippocrates of Kos, as the company continues the noble tradition of providing the right treatments, to the right people, at the right time.
Strategic Acquisition of VMed
Formerly VMed, the company began by going from practice to practice to help doctors streamline their testing procedures. They also built face-to-face, direct relationships with caregivers and delivered results that impacted both their patients' wellbeing and their practices' bottom line. VMed was founded by Michael Stevens, who will stay on as a consultant for Of Kos, overseeing its continued expansion within the ONAR ecosystem.
Key Reasons for the Rebrand
- Enhanced Market Presence: The rebranding to Of Kos positions ONAR as a trailblazer in the healthcare marketing industry, reflecting their traditional values and commitment to excellence.
- Innovative Solutions: Of Kos expands its capabilities to deliver targeted patient engagement, robust digital strategies, effective traditional marketing, and in-depth analytics to meet diverse client needs.
- Strategic Growth: This rebranding is a strategic move to strengthen their market presence and support their long-term growth objectives in the healthcare sector.
- Client Engagement: The new brand is designed to better connect with healthcare professionals, ensuring their services are perceived as both relevant and cutting-edge.
The Future of Healthcare Solutions
Of Kos is repositioning itself in the market to broaden its view and enhance its capacity to serve patients in new ways. With boutique medical marketing agency solutions, doctors and healthcare providers can increase their visibility among the right people while improving the overall patient experience.
But whether Of Kos is facilitating faster test results or offering a diagnostic marketing approach to growing medical practices, the goal is to revolutionize the standard of care and build connections for a healthier future.
ONAR CEO, Claude Zdanow, commented on the Of Kos rebranding, stating "Our decision to rebrand VMed to Of Kos reflects our commitment to staying ahead of the curve in the ever-evolving healthcare marketing landscape. 'Of Kos' not only represents a fresh, cutting-edge identity but also underscores our dedication to providing innovative solutions that bridge the gap between healthcare organizations and their patients. We believe this new brand will better resonate with our clients and partners, showcasing our forward-thinking approach and our vision for the future of healthcare marketing."
ONAR's President, Chris Becker, also expressed excitement about the opportunity: "This acquisition aligns with our strategy of expanding into high-growth niche markets. With their expertise and connections in the healthcare field, we're confident in our ability to deliver disruptive solutions and create long-term value for not only our clients and shareholders, but for doctors and patients too."
For more information about Of Kos, visit www.ofkos.com.
About ONAR
ONAR (OTCQB:RELT) is a dynamic marketing and business solutions network, currently publicly traded as Reliant Holdings, Inc. with plans to become Onar Holding Corporation in the near future. ONAR's mission is to provide unparalleled service through an integrated, AI-driven approach, leveraging its diverse brand family's strengths. Committed to honor, candor, and best-in-class results, ONAR aims to lead the industry by example, ensuring every client relationship is deeply rooted in trust and excellence.
Learn more at www.onar.com.
About Of Kos
Of Kos is a leading healthcare marketing agency dedicated to connecting healthcare organizations and laboratories with innovative marketing solutions. With deep expertise in the medical laboratory and genetic testing sectors, Of Kos understands the unique challenges faced by healthcare providers. We offer strategic communications, marketing, and solutions-oriented partnerships to help our clients effectively educate providers about the latest advancements in healthcare, reach more patients, and ultimately provide better care.
For more information, visit: www.ofkos.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on ONAR's current expectations and projections about future events and financial trends that it believes may affect its financial condition, results of operations, business strategy, and financial needs.
ProfitScout
4 weeks ago
$RELT News on Nov. 26, 2024: ONAR Expands Into Healthcare Marketing With Acquisition and Rebranding of VMed to Of Kos
LOS ANGELES, CA / ACCESSWIRE / November 26, 2024 / ONAR (OTCQB:RELT), a global network of marketing agencies, is excited to announce its acquisition of VMed and the subsequent rebranding to Of Kos.
The acquisition began as early as March of 2023, but its more recent strategic transformation underscores ONAR's visionary drive to position the agency at the forefront of the healthcare marketing industry.As ONAR expands its expertise to new and emerging markets, Of Kos aligns with its robust acquisition strategy by adding healthcare marketing to ONAR's matrix of specializations.
Why Of Kos?
The name "Of Kos" is in reference to the father of modern medicine, Hippocrates of Kos, as the company continues the noble tradition of providing the right treatments, to the right people, at the right time.
Strategic Acquisition of VMed
Formerly VMed, the company began by going from practice to practice to help doctors streamline their testing procedures. They also built face-to-face, direct relationships with caregivers and delivered results that impacted both their patients' wellbeing and their practices' bottom line. VMed was founded by Michael Stevens, who will stay on as a consultant for Of Kos, overseeing its continued expansion within the ONAR ecosystem.
Key Reasons for the Rebrand
- Enhanced Market Presence: The rebranding to Of Kos positions ONAR as a trailblazer in the healthcare marketing industry, reflecting their traditional values and commitment to excellence.
- Innovative Solutions: Of Kos expands its capabilities to deliver targeted patient engagement, robust digital strategies, effective traditional marketing, and in-depth analytics to meet diverse client needs.
- Strategic Growth: This rebranding is a strategic move to strengthen their market presence and support their long-term growth objectives in the healthcare sector.
- Client Engagement: The new brand is designed to better connect with healthcare professionals, ensuring their services are perceived as both relevant and cutting-edge.
The Future of Healthcare Solutions
Of Kos is repositioning itself in the market to broaden its view and enhance its capacity to serve patients in new ways. With boutique medical marketing agency solutions, doctors and healthcare providers can increase their visibility among the right people while improving the overall patient experience.
But whether Of Kos is facilitating faster test results or offering a diagnostic marketing approach to growing medical practices, the goal is to revolutionize the standard of care and build connections for a healthier future.
ONAR CEO, Claude Zdanow, commented on the Of Kos rebranding, stating "Our decision to rebrand VMed to Of Kos reflects our commitment to staying ahead of the curve in the ever-evolving healthcare marketing landscape. 'Of Kos' not only represents a fresh, cutting-edge identity but also underscores our dedication to providing innovative solutions that bridge the gap between healthcare organizations and their patients. We believe this new brand will better resonate with our clients and partners, showcasing our forward-thinking approach and our vision for the future of healthcare marketing."
ONAR's President, Chris Becker, also expressed excitement about the opportunity: "This acquisition aligns with our strategy of expanding into high-growth niche markets. With their expertise and connections in the healthcare field, we're confident in our ability to deliver disruptive solutions and create long-term value for not only our clients and shareholders, but for doctors and patients too."
For more information about Of Kos, visit www.ofkos.com.
About ONAR
ONAR (OTCQB:RELT) is a dynamic marketing and business solutions network, currently publicly traded as Reliant Holdings, Inc. with plans to become Onar Holding Corporation in the near future. ONAR's mission is to provide unparalleled service through an integrated, AI-driven approach, leveraging its diverse brand family's strengths. Committed to honor, candor, and best-in-class results, ONAR aims to lead the industry by example, ensuring every client relationship is deeply rooted in trust and excellence.
Learn more at www.onar.com.
About Of Kos
Of Kos is a leading healthcare marketing agency dedicated to connecting healthcare organizations and laboratories with innovative marketing solutions. With deep expertise in the medical laboratory and genetic testing sectors, Of Kos understands the unique challenges faced by healthcare providers. We offer strategic communications, marketing, and solutions-oriented partnerships to help our clients effectively educate providers about the latest advancements in healthcare, reach more patients, and ultimately provide better care.
For more information, visit: www.ofkos.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on ONAR's current expectations and projections about future events and financial trends that it believes may affect its financial condition, results of operations, business strategy, and financial needs. These statements are not historical facts and are inherently uncertain and outside of ONAR's control. Forward-looking statements include, among other things, statements regarding ONAR's expectations regarding its ability to achieve its financial and strategic goals, including surpassing $100 million in revenue and securing a NASDAQ listing; its ability to expand its client base and market share; and its ability to develop and launch new products and services. Actual results may differ materially from ONAR's expectations and projections due to various risks and uncertainties, including market conditions, competition, the ability to protect intellectual property, the ability to manage growth, changes in laws and regulations, and other factors described in ONAR's filings with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this press release, and ONAR undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Contact Information
Sara Wetmore
Marketing Manager, ONAR
ir@onar.com
213-437-3081
SOURCE: ONAR
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