Toronto, Ontario–(Newsfile Corp. – November 20, 2023) – American Aires Inc. (CSE: WIFI) (OTC Pink: AAIRD) (“Aires” or the “Company”), a pioneer in EMF modulation technology, is pleased to announce filing of its unaudited Financial Statements and Management’s Discussion & Analysis (MD&A) for Q3/2023, spanning from July 1 to September 30, 2023.
This quarter is particularly notable as it marks the first instance of positive EBITDA in the company’s history. This achievement is a direct result of the strategic decision made on August 28, 2023, to outsource the retail segment, including sales, COGS, marketing, and advertising expenses to HUCK Project LLC (“HUCK”). The financial results for Q3/2023 reflect this shift to the new business model, combining our traditional operations with the outsourced model. Consequently, this quarter should be considered a transition period, distinct from…
