Phoenix Rising Companies, Inc.(OTCMKTS: RSSV) is moving steadily northbound in recent trading since reversing off $0.025 lows. The stock boasts a significant shareholder base accumulating at current levels.
RSSV has a lot going on and it’s easy to see why speculators are accumulating. The Company is fully reporting OTCQB and its subsidiary Tieshan Oil acts as an intermediary broker of ether, oils, solvents, fuels and other chemical products and compounds and is doing big sales with the Company reporting $4,439,890 in revenues for the quarter ended June 30, 2020. This represents a dramatic revenue increase over the first quarter. Phoenix Rising recently entered into a term sheet to acquire an Infection Control and Disinfection Technology Company.
Phoenix Rising Companies, Inc. (OTCMKTS: RSSV) (Prior: Resort Savers) operates out of Park City, Utah under the direction of a team of internationally diverse (French, Canadian, Malaysian and American) industrialists headed by DS Chang. The Company objectives include enhancing shareholder value by careful selection of investment opportunities in industries with strategically advantageous opportunity and companies with unique competitive advantages.
RSSV subsidiary Tieshan Oil acts as an intermediary broker of methyl tert-butyl ether, mineral oil, paraffin oil, petrolatum liquids, alcohol based liquid fuel, trimethylpentane, pentane foamer, natural gasoline, xylene dimethylbenzene, aromatics solvent, and other chemical products and compounds. It identifies sources of supply and purchasers of these chemical products and compounds, and Tieshan Oil principally engages in the trading of these oil, gas and lubricant products within the PRC. Since it’s incorporation, Tieshan Oil has had a number of clients for these brokered products, including two gasoline operators in China, YanDongPetrol Group and YanDon Hao Teng. All of its clients are licensed gasoline operators. While this is a dynamic market, subject to fluctuations and unexpected changes brought on by a variety of political and market matters, Tieshan Oil has successfully managed the impact of these factors and remains an important part of the oil refining industry in Beijing, PRC.
RSSV subsidiary ADMALL recently began exploring the prospect of expanding its marketing into the United States, Western Europe, Australia and other Western markets. In 2019 ADMALL contributed nearly $600,000 to the company’s total revenue of nearly $30,000,000.00. DS Chang, CEO of Phoenix Rising Companies, has said “I see the opportunity for ADMALL to be a larger part of Phoenix’s total worldwide picture by adding new markets. The products are good and exciting. I think customers will be pleased. I envision the possibility of a future where ADAMLL is producing several million in revenue with more than 25% going to the bottom line.”
To Find out the inside Scoop on RSSV Subscribe to Microcapdaily.com Right Now by entering your Email in the box below
Phoenix Rising recently added Eric Fuller to its BOD. Eric brings a vast history of experience and expertise in medical device and therapies markets in the US. Eric has also been appointed VP of US Sales simultaneously with this Board membership. Since 1993 Eric has been a business operator in diagnostic services, laser development for cosmetic medical purposes, and marketing of medical devices and therapies. Eric has a long history of working with the FDA to obtain device approval for US sales and usage.
The Company reported forming a Nevada corporation called PRX BIOMED as a wholly owned subsidiary for the purpose of acquiring, marketing and selling infectious control products and supplies in the US. In a release dated 13 May, 2020, the Company announced having entered into a term sheet to acquire an Infection Control and Disinfection Technology Company. The due diligence process for this and other potential acquisitions continues.
RSSV filed second quarter results reporting $4,439,890 in revenues for the quarter ended June 30, 2020. This represents a dramatic revenue increase over the first quarter. This occurred in the company’s largest revenue generating subsidiary, Tieshan Oil. During the first quarter results for TO were down drastically due to lack of gasoline sales in China. The first quarter lack of sales was directly caused by worldwide conditions. Second quarter results show a 400+% increase in revenue over the first quarter. This increase is attributed to higher demand for gasoline in China as fears diminished. Revenue has not reached the levels of 2019 in the second quarter but sales are showing a trend towards recovery.
CEO DS Chang commented “We are happy to see our core division returning to fiscal health. We hope illness does not revisit a damper on demand for fuel in China and that Tieshan Oil will continue to flourish and grow”.
Check $rssv for next run
— Jerress (@Jerress) November 10, 2020
We have a Monster Pick Coming. Subscribe Right Now!
Currently running northbound since reversing off $0.025 lows RSSV has a lot going on and it’s easy to see why speculators are accumulating. The Company is fully reporting OTCQB and has been beefing up its BOD in recent months. RSSV subsidiary Tieshan Oil is doing big sales recently reporting $4,439,890 in revenues for the quarter ended June 30, 2020. This represents a dramatic revenue increase over the first quarter. Phoenix Rising also recently entered into a term sheet to acquire an Infection Control and Disinfection Technology Company. We will be updating on RSSVon a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with RSSV.
Sign Up now for our 100% FREE Penny Stock Newsletter
Disclosure: we hold no position in RSSV either long or short and we have not been compensated for this article.