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Friday, December 2, 2022

Quad M Solutions Inc (OTCMKTS: MMMM) Heats Up as Insurance Industry Disruptor Reports Record Revenues & $3.3 Million Net Income or $.03/ Shr

Quad M Solutions Inc (OTCMKTS: MMMM) is heating up and getting noticed after the Company announced its first significant operating income of $3.3 million or $.03/ shr. on $17.6 million in total revenues in Q1, 2022. Quad M Solutions hosted a webinar at market close on May 25 during which CEO Joseph Frontiere discussed the company’s recent quarter filing, and launch of new products such as NuaxessRx, the MyNuaxess tech platform and the Nuaxess smart plan. To see the webinar go here.

MMMM traded as high as $0.60 in November of last year, followed by months of decline culminating in MMMM reversing northbound off $0.10 per share, a support level it has maintained several times in the past. There is some resistance at $0.19 and from there its blue skies ahead to $0.60. MMMM has a very favorable share structure with just 115,887,784 free trading shares and a total market valuation of $20 million. Quad M Solutions has just $4 million in assets on the books and $4 million in liabilities including at least $850k in convertible debt. 

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Quad M Solutions Inc (OTCMKTS: MMMM) operating out of Edgewater, New Jersey is a holding company that offers self-funded health plans, staffing services, HR-human resources, payroll services, retirement, supplemental and workers compensation insurance to small and mid-sized group employers with 1-500 employees, and to the exploding essential worker “Gig Economy,” a labor market that is characterized by the prevalence of short-term contracts or freelance work, not permanent jobs. The Company operates four subsidiaries, NuAxess 2, Inc., PrimeAxess, Inc., OpenAxess, Inc. and PrimeAxess 2, LLC. 

Quad M Staffing offers a comprehensive employer-controlled HR and payroll service, as well as workers compensation insurance, risk and compliance controls, COBRA, 401 K, reinsurance, health savings accounts, financial services, employee healthcare insurance support, and even employee and employer retirement benefit services. 

NuAxess gives employer members access to timely and reliable healthcare information through interactive member engagement programs, enabling them to manage and control their health decisions along with their doctors. Nuaxess ‘Smart’ Plans include no coinsurance, no medical copays, full transparency and unrestricted access to any doctor. Furthermore, the NuAxess Smart Plan has a unique dual deductible feature that includes a Health Savings Account. The Plan is supported by an extensive technology platform of strategic vender programs operating under a single source administration. The technology and these programs are available24/7 365 to assist members in making healthcare-related decisions. 

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The Company is led by CEO Joseph Frontiere, a co-founder of AIVA (Artificial Intelligence Venue Application). He developed his business acumen managing, fundraising, and operating software development ventures. Marketing his first product at eighteen, he discovered a passion for management and financing, particularly, in the technology sector. After years of building networks, Joseph excels in raising capital, establishing partnerships and bringing people together in applications within the medical devices, laser science, motion picture, and mobile applications sectors. Following in his father’s footsteps, Joseph is an accomplished pianist and studio composer. 

NuAxess 2 is a full-service healthcare financial, employee benefits and self-insured insurance consulting company that provides comprehensive major medical self-insured value-based health coverage for group employers with 1 to 500 employees and their eligible dependents. Our proprietary offerings provide reduced premium cost savings compared to typical insured major medical health plans. NuAxess employer members have both choice and access to medical providers without network restrictions. Employees are able to manage their immediate and long-term healthcare needs through innovative wellness and prevention programs tied to financial incentives. 

On May 24 Quad M Solutions reported it has recorded its first significant operating income! Revenues were $17.6 million for the quarter with operating income of $1.34 million and net income of $3.3 million or $.03/ shr. Revenue grew by 96%, gross profit grew by 620% and pretax income increased from a $149,000 loss in the first quarter of 2021 to an operating profit of $1,355,000 in this year’s first quarter for a $1.5 million operating profit swing. Net income was $3.3 million or $.03/ shr.  

The Company’s CEO Mr Joseph Frontiere commented “When I joined the company 9 months ago, we had around 900 employees, losing significant amounts of money, and I found out they had executed poorly in many aspects of the business plan. Much to my surprise, this became evident over the first 6 months as we dug into the company’s fundamentals. We found the technology lacking, which led to bad accounts receivable management and I had to revamp management and bring in great tech through Gex Data Labs to solve billing and payables and I facilitated a significant capital contribution through high-net-worth individuals. Where we are today is a profitable company that is almost there on its ability to reduce its costs and a company using one of the best insurtech and staffing technologies in the industry. We are able now to seamlessly interface with Prism HR, the most adopted system by Professional employer organizations (PEO’s) to manage their employees with our MyNuaxess platform. As we write this, we anticipate our operating margins increasing with 6000 employees utilizing our staffing benefits and reducing our prescription costs by around 15% by launching our own PBM called NuaxessRx. In addition, we will significantly lower our underwriting costs with our previously announced relationship with Quantum Computing Inc. and our proprietary algorithms utilizing our extensive past claims data. I feel extremely proud that we accomplished this in such a short time frame and look forward to demonstrating significant growth with better margins in the months ahead. This is truly just the beginning for Quad M Solutions.” 

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Currently trading at a $20 million market valuation MMMM has a very favorable share structure with just 115,887,784 free trading shares and a total market valuation of $20 million. MMMM is an exciting story in small caps, quickly emerging as a revenue powerhouse reporting $17.6 million in total revenues in Q1, 2022 up 96% from last year and $3.3 million in net income or $.03/ shr. in Q1, 2022. These are enormous numbers for the OTC especially the $3.3 million in net income, that’s almost unheard of and with a valuation of just over 1 quarter in revenues MMMM is a stock to watch here.   We will be updating on MMMM when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MMMM.

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Disclosure: we hold no position in MMMM either long or short and we have not been compensated for this article.

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