Masterbeat Corp (OTCMKTS: MSTO) is heating up and moving steadily higher in recent trading. the stock is beginning to get noticed by a fast growing shareholder base that has been accumulating in recent days.
Through its subsidiary SBQ Holdings, LLC, the Company formed an automotive division called JTEC Automotive Inc. that is currently completing the build and restoration of a1969 Pontiac Firebird along with its partner on the project; Boosted Autos LLC. According to MSTO CEO Joshua Tannariello “We will also be announcing another project very soon, that we are in the process of finalizing the terms.”
Masterbeat Corp (OTCMKTS: MSTO) MasterBeat Corporation (OTC: MSTO), specializes in hard tangible asset acquisitions with an intense focus on real estate, precious metals, and other tangible assets. The company believes its progressive approach to an old school model, especially in this market based on fragile earnings multiples and uncertainty, to acquire hard, tangible assets will not only offer long term capital appreciation but also deliver revenues, profits, and self-sustainability. Masterbeat;s CEO Josh Tannariello, has over 19 years of experience in industry, and plans to build Masterbeat Corp. into an asset-rich conglomerate with a unique model of asset appreciation, revenues, and profits.
Recently, MasterBeat announced the formation, through its subsidiary SBQ Holdings, LLC, of its automotive division JTEC Automotive Inc. JTEC Automotive Inc. focuses on the growing demand for professionally built Custom Collectible Classic Automobiles targeting segments like Muscle Cars, Restomods, and Japanese Imports. These segments are the trends that are happening now, which have long been predicted by auction house legends such as Barrett-Jackson and Mecum Auctions.
On July 9 MSTO subsidiary SBQ Holdings, LLC, announced its automotive division JTEC Automotive Inc has ordered all the performance suspension, steering and brake parts for its 69 Firebird project. JTEC Automotive Inc. and Boosted Autos LLC. have been making great progress on the building and restoration of its 1969 Pontiac Firebird.
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The Firebird sports a 455 cubic inch H.O.(high output) engine that has been machined and professionally built into a high performance 469 cubic inch engine with a Hydraulic Cam, from Competition Cams ( Intake: 228 Lift/276 Duration) ( Exhaust: 236 Lift/284 Duration) with 11:5 to 1 compression forged aluminum pistons. An Edelbrock Performer high flow intake manifold patented dual-plane, low-rise design with a 180-degree firing order providing torque over a wide RPM (Revolutions Per Minute) range with excellent throttle response throughout. On top of this Performer intake sits a Holley 850 cfm classic carburetor. A Turbo 400 Hydramatic transmission with a 2800 stall converter. A stainless-steel dual exhaust system with Hooker Headers, a 3” inch exhaust with Flowmaster high flow mufflers. It has a 10 bolt Posi Traction rear end, 373 gears, and multi-leaf suspension.
MSTO CEO Mr. Tannariello stated: “We are extremely excited about receiving these parts, this is the final stage of the build. We have completed all the bodywork and paint job. The engine, transmission and rear end have all been professionally built. Installed the new interior, the only thing left after installing all the suspension, steering, and brake parts will be the wheels and tires. We are considering American Racing Authentic Hot Rod AR105 TORQ-THRUST M wheels and tires sizes Front 245/40R18, Rear 275/35R18. This partnership with Boosted Autos, LLC. has proved to be unbelievably valuable to the company’s business model. Upon completion of this 69 Firebird, it will be listed for sale online. If it does not sell before October it will be entered into the Barrett Jackson auto auction of Palm Bch. scheduled Oct 15th through the 17th. We will also be announcing another project very soon, that we are in the process of finalizing the terms. Boosted Autos LLC has a great reputation in the industry and has experience with selling cars at Barrett Jackson Auctions. Below is a link to a 1967 Pontiac GTO built by Boosted Autos LLC that was auctioned off at Barrett Jackson last year.”
— JTEC Automotive Inc. (@AutomotiveJtec) June 19, 2020
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Currently trading at a tiny $1 million market valuation MSTO is an excitng story developing in small caps; through its subsidiary SBQ Holdings, LLC, the Company formed an automotive division called JTEC Automotive Inc. that is currently completing the build and restoration of a1969 Pontiac Firebird along with its partner on the project; Boosted Autos LLC. According to MSTO CEO Joshua Tannariello “We will also be announcing another project very soon, that we are in the process of finalizing the terms.” The stock is beginning to get noticed by a fast growing shareholder base that has been accumulating in recent days in driving MSTO higher. We will be updating on MSTO when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MSTO.
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Disclosure: we hold no position in MSTO either long or short and we have not been compensated for this article.