(MENAFN- News Direct)
New Smyrna Beach, Florida | January 26, 2023 02:00 PM Eastern Standard Time
mcapmediawire -- Starstream Entertainment Inc.'s (OTC Pink: SSET ) wholly owned subsidiary, Facetime Consulting and Promotions (Facetime), a premier provider of event staffing, on-demand promotional marketing and brand ambassador services, is pleased to announce that Company is expecting to report record revenues which are anticipated to top $3 million in the Company's 2022 Annual Report.
While year-end financials are being completed for the Company's upcoming Annual Report, during the 3rd Quarter the Company recorded Total Revenues of $2,179,408 which was a year-to-year increase of over 199% compared to the same 9 months of 2021. The Company wrapped up a stellar 2022 and looks forward to a banner 2023. The Company is also happy to report that the total shares outstanding remained unchanged during 2022. The outstanding share count on January 1, 2022, was 140,010,196 with only 84,186,162 shares in the public float and on December 31, 2022 both the total shares outstanding and the public float remained unchanged.
Carla Rissell, President of SSET stated,“I attribute this growth to the hard work and dedication of our team; our Company's core values and our ability to pivot and adapt in an ever-evolving environment. We are focused on servicing our clients as well as providing and increasing shareholder value. I fully understand that the market as a whole in the OTC was very rough during 2022 for investors, it is our hope that Starstream will become better noticed for our continued growth and keen stewardship of preserving shareholder value. The Company increased cash on hand and assets throughout 2022 with zero dilution.”
Early in 2022 the Company raised rates across the board which allowed the Company to attract and retain the best quality staff in an extremely tough labor market to allow Facetime to continue to provide exceptional service to our clients. The Company's bookings and referrals of new business continued to grow throughout 2022 and we anticipate continued growth in 2023.
Senior Management at several of the Company's largest billing customers recognize that Starstream and Facetime's strong financial position and wherewithal has allowed the Company to provide superior service of their accounts and brands and are actively seeking to partner with Facetime to help grow market share for their brands.
Early in 2022 the Company thru its Facetime division added a wearables and promotional giveaway production division which is adding additional revenue and contributing directly to the Company's profitability and bottom line. The Company is intently focused on continued growth and expansion in 2023.
Starstream Entertainment Inc., through its wholly owned subsidiary, Facetime Consulting and Promotions LLC ('FCP'), is primarily focused in the on-demand event staffing industry. The primary placements that FCP makes are to companies in the consumer goods industry. Facetime specializes in brand ambassadors, event staffing, atmosphere models, print and electronic media as well as staffing for all levels of the beverage and consumer goods industry. We provide staffing for all levels across industries we serve, including regional to C-Level, offering everything from promotional models to enhanced brand ambassador services and administrative services including field marketing, sales, brand management, and even promotional vehicle programs.
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Safe Harbor: This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the Company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Starstream Entertainment, Inc.
Carla Rissell, CEO
833-422-7300 - Investor Relations: Ext. 700