Topsfield, MA, October 25, 2021 - Huntwicke Capital Group, Inc. (HCGI), a diversified holding firm, today announced that the Board of Directors has authorized a share repurchase program. The company is permitted to repurchase up to 100,000 shares of stock in the open market. The purchase program will begin immediately and will be executed entirely at the discretion of the management. It is expected to be finished by December 31, 2022. This announcement does not bind the company to buy any specific amount of shares but allows for the repurchase of shares up to the authorized amount. The board believes this to be a responsible use of corporate funds at this time and consistent with the publicly-stated goals of the company. The purpose of the buyback is to reduce the public shares outstanding, provide liquidity to existing shareholders and increase returns to remaining shareholders in the future.

 

Topsfield, MA, October 13, 2021 - Huntwicke Capital Group, Inc. (HCGI), a diversified holding firm, today announced that it has sold 6 Park St. in Topsfield and has moved its corporate office to 7 Grove Street, Suite #201, Topsfield, MA, an HCG-owned property. The transaction closed on October 12, 2021. Details of the transaction will be in the next shareholder quarterly report.

Topsfield, MA, September 9, 2021 -  Huntwicke Capital Group, Inc. (HCGI), a diversified holding firm, today announced financial results for the first quarter ending, July 30th, 2021. The Company reported that for the quarter revenues grew to $3.4 million and net income was $806,212 for the quarter.

 

"We are pleased that our subsidiary businesses are growing and we look forward to delivering a strong rest of the FY 2022. Our goals continue to be to grow all of our subsidiary business units, to diversify and manage the company through this challenging environment, to grow our shareholder liquidity and to focus on a dividend policy for next year," said Brian Woodland, President of Huntwicke Capital Group, Inc.

 

This press release may contain “forward-looking statements” that include information relating to Huntwicke's future events and future financial and operating performance. Such forward-looking statements, including, but not limited to, the top goals for this year, hopes to continue growing the company and adding shareholder value, should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. 

 

Topsfield, MA, July 30, 2021 -  Huntwicke Capital Group, Inc. (HCGI), a diversified holding firm, today announced that it has hired David Natan, of Natan and Associates, to serve as outsourced Chief Financial Officer (CFO) consultant after the departure of Shawn McCarthy, CFO of HCGI since 2019.

Mr. Natan has decades of experience providing private and public companies of varying sizes with critical CFO services. With his solid and extensive experience, operational knowledge, and trusted resources HCGI will continue to execute on strategic initiatives, growth plans and evaluation of uplisting options.

With Mr. Natan’s strategic input and expertise Huntwicke intends to continue to build long-term shareholder value with improved liquidity options for company shareholders. 


This press release may contain “forward-looking statements” that include information relating to Huntwicke's future events and future financial and operating performance. Such forward-looking statements, including, but not limited to, the top goals for this year, hopes to continue growing the company and adding shareholder value, should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. 


Topsfield, MA, June 3, 2021 -  Huntwicke Capital Group, Inc. (HCGI), a diversified holding firm, today announced financial results for the FY2021 ended April 30, 2021. The Company reported that for the Fiscal Year it continued to increase growth in revenues to $10.5 million from $8.4 million for the comparable prior year. Net income and stockholder equity remained consistent through the year over year period. "As fiscal year 2021 comes to a close, it is a good time to reflect on the past year. Needless to say, it was a year of enormous challenges and we at Huntwicke Capital Group were not immune to the effects of the pandemic. But despite these challenges, due in large part to the management teams at each subsidiary, and quick and conservative balance sheet management, HCG was able to navigate the year successfully and profitably for our stakeholders" said Brian Woodland, President of Huntwicke Capital Group, Inc.

Subsidiary highlights include:
Huntwicke Securities (HS) and Essex Private Wealth Management (EPWM) both had record years for revenue and earnings. Assets under management grew to $400 million at EPWM. In addition, HS added four new, well-established advisory representatives.

Mercury Brewing (MB) navigated a very difficult year by responding quickly to the changing landscape of demand for beer. As restaurants remained closed throughout the region demand for beer reduced dramatically. MB responded by making the difficult decision to trim all non-essential staff. The remaining staff responded by taking on new roles above and beyond their usual responsibilities. MB was still able to can beer and off-premise sales grew slightly.

Aztec Soccer Club (ASC) and Skillz Check Academy (SCA) achieved record numbers of players, teams and programming in FY2021. Huntwicke Properties continues to perform well.

"HCG’s balance sheet and our subsidiary businesses have remained strong during this period. As a result, I look forward to the opportunities that are ahead of us as the pandemic subsides. HCG will look to grow all the subsidiaries and perhaps expand into other businesses in the future. Our top goals for this coming year are to:

1. grow each subsidiary in line with its specific growth initiatives
2. grow the revenue, assets and earnings of HCG for our shareholders
3. establish a consistent cash dividend and grow our liquidity options by the end of this calendar year

Overall, it was a good year for Huntwicke and we look forward to the future" said Brian Woodland.

This press release may contain “forward-looking statements” that include information relating to Huntwicke's future events and future financial and operating performance. Such forward-looking statements, including, but not limited to, the top goals for this year, hopes to continue growing the company and adding shareholder value, should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.