Sixty Six Oilfield Services, Inc. (OTC Pink: MMHC), formerly known as Medically Minded, Inc., is a multi-sector business that specializes in everything from oilfield services to cannabis-based products and supplements. Shares of the multi-sector business are surging 90%, through early trading on Thursday, April 6, 2017. Sixty Six Oilfield Services, Inc. has seen average daily volume of 17.66 million shares over the past month. However, volume of 91.76 million shares or dollar volume of $155,992, has already exchanged hands on Thursday.
Shares of Sixty Six Oilfield Services, Inc. are soaring today, after the company released its 2016 year end information, which satisfies Rule 15c2-11. The year end information includes consolidated financial statements for the reverse merger with 66 Oilfield Services, LLC. Overall, the merged entity reported gross revenues of $3.92 million, total expenses of $3.225 million, and net profit of $0.695 million. Here is the full press release detailing of the 2016 year end information:
Sixty Six Oilfield Services, Inc. Press Release:
OKLAHOMA CITY, OK / ACCESSWIRE / April 6, 2017 / Medically Minded, Inc. (OTC PINK: MMHC) previously named Medically Minded Holding Corp. and now named Sixty Six Oilfield Services, Inc. announces that it has posted current information satisfying Rule 15c2-11 for its year ended December 31, 2016 at http://www.microcapreporting.com. The information includes consolidated financial statements accounting for the acquisition of 66 Oilfield Services, LLC as a reverse merger.
Sixty-Six had Gross Revenue of $3.920m with total expenses of $3.225m and a net profit of $.695m on assets and liabilities of $6.639m. The Company has filed for and received a new CUSIP number and plans to apply today to FINRA for an announcement of its name change and for a new ticker symbol. James Frazier, President and Chief Financial Officer of the company, said: “We are continuing to progress through the steps needed to be fully reporting and registering our company shares; releasing our year end financials and applying for a symbol change are two more steps completed.”
SAFE HARBOR AND INFORMATIONAL STATEMENT
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of among other things: (i) the Company’s financing plans; (ii) trends affecting the Company’s financial condition or results of operations; (iii) the Company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words “may”, “would”, “will”, “expect”, “estimate”, “anticipate”, “believe”, “intend” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the Company’s reports filed with the SEC. The Company is not eligible to rely on the safe harbor provided by Section 21E(c) of the Exchange Act because it is not subject to filing periodic reports under Sections 13 or 15(d) of the Exchange Act.