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YCRM Withdraws S-1 Registration Statement, Announces Shift to More Flexible Financing Strategy as Company Prepares for 2024 10-K Filing (Yuengling's Ice Cream Corp)
ReachOut Technology Corp. Emphasizes Commitment to Strategic Capital Management and Long-Term Shareholder Value
CHICAGO, IL - March 12, 2025 (NEWMEDIAWIRE) - Yuengling's Ice Cream Corporation (OTC: YCRM), and its wholly owned subsidiary ReachOut Technology Corp, today announced the formal withdrawal of its previously filed S-1 registration statement with the Securities and Exchange Commission (SEC). The Company submitted the withdrawal request before market open on Wednesday, March 12, 2025.
"We took a hard look at our capital strategy and made a decisive move," stated Rick Jordan, CEO of ReachOut Technology. "This particular financing structure doesn't align with our growth needs. Our financing approach needs to match where we're heading, not where we've been."
The withdrawal represents a strategic pivot as the Company seeks more flexible financing structures to support its aggressive growth initiatives in AI implementation and digital asset security development adding to strategic acquisitions, bringing a higher level of digital intelligence to its business model.
"Last year brought challenges. An acquisition didn't deliver what we expected. That's reality," Jordan continued. "But I'm done looking backward. Focusing on operational strategy, and market growth. With our 10-K approaching, shareholders deserve to know exactly how we're positioning for our next steps, and there's more coming."
The Company clarified that this action does not signal reduced fundraising activity, but rather a recalibration toward financing options that better support ReachOut's growth needs and technology deployment strategy.
Jordan emphasized, "We're not stopping our financing efforts... we're getting better alignment. Every decision we make is about growing the company as we transform this industry. This is about having the right tools, at the right time, to build something worthy of telling the story."
The withdrawal is part of ReachOut's broader initiative to optimize its capital structure while maintaining focus on strategic acquisitions, AI innovation, and digital asset security solutions.
For media, TV appearance and Investor Relations Contact: Email: pr@reachoutit.com Phone: 312-288-8008
About ReachOut Technology
ReachOut Technology (OTC: YCRM) is a nationwide managed IT services and cybersecurity provider revolutionizing how businesses handle their technology infrastructure. As the first MSP to successfully transition from startup to public company, ReachOut combines enterprise-grade IT management, advanced cybersecurity solutions, and cutting-edge digital asset security initiatives with aggressive expansion strategies. Through organic sales growth and strategic acquisitions across the U.S., ReachOut is building America's premier MSP brand while disrupting traditional service models with AI-powered automation - including its autonomous Level 1 Technician achieving 35% faster resolution times. Led by CEO Rick Jordan, ReachOut delivers comprehensive technology solutions to businesses nationwide while executing a clear vision for market leadership. The company is transforming the MSP industry through innovative technology deployment and a proven growth strategy that shatters conventional expansion limitations. For more information, visit reachoutit.com.
About Rick Jordan
Rick Jordan built his success on one thing: doing the work. No excuses. From building computers at 10 to becoming head of his family at 16 after his father's passing, Jordan's journey is defined by relentless forward momentum. As founder and CEO of ReachOut Technology (OTC: YCRM), he transformed a startup into the first publicly traded MSP without outside money, revolutionizing the industry's growth model.
Host of the globally ranked podcast "ALL IN with Rick Jordan," his raw truth about leadership, business, and life reaches millions across 70+ countries. A nationally recognized voice on cybersecurity, business ethics, and motivation, Jordan shares stages at VeeCon, NASDAQ, Harvard, and Coca-Cola, while appearing regularly as an expert on Bloomberg, Fox, CBS, and NewsNation.
His mission remains constant: protecting people and giving them ways to protect themselves. From leading a 10,000+ server refresh at Merrill Lynch to building ReachOut's enterprise-grade cybersecurity solutions for small businesses, Jordan transforms how organizations handle technology and security. Now also building TRUSTLESS, a digital identity and security platform, he's redefining how businesses protect, share, and trust sensitive information in a decentralized world.
Jordan's expertise spans cybersecurity, digital ledger technology, artificial intelligence, and enterprise value creation, making him a sought-after voice on the future of business and technology. His "ALL IN" philosophy drives both his personal brand and ReachOut's aggressive national expansion, setting new standards for growth and innovation in the technology sector.
And yes, he never runs from three things: problems, hard work... or a good Scotch.
Information about Forward-Looking Statements
This press release contains "forward-looking statements" that include statements regarding expected financial performance and growth information relating to future events. Forward-looking statements include statements with respect to beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the control of the Company and its officers and managers, and which may cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements 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. Important factors that could cause these differences include, but are not limited to; inability to gain or maintain licenses, reliance on unaudited statements, the Company's need for additional funding, governmental regulation of the cybersecurity industry, the impact of competitive products and pricing, the demand for the Company's products, and other risks that are detailed from time-to-time in the Company's filings with the United States Securities and Exchange Commission. All statements other than statements of historical fact are statements that could be forward-looking statements. You can typically identify these forward-looking statements through use of words such as "may," "will," "can" "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "seek," "estimate," "continue," "plan," "point to," "project," "predict," "could," "intend," "target," "potential," and other similar words and expressions of the future. The Company expresses its expectations, beliefs and projections in good faith and believes that its expectations reflected in these forward-looking statements are based on reasonable assumptions. However, there is no assurance that these expectations, beliefs and projections will prove to have been correct. Such statements reflect the current views of the Company's with respect to its operations and future events, and are subject to certain risks, uncertainties and assumptions relating to its proposed operations, including the risk factors set forth herein. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, the Company's actual results may vary significantly from those intended, anticipated, believed, estimated, expected or planned. In light of these risks, uncertainties and assumptions, any favorable forward-looking events discussed herein might not be realized and occur. The Company undertakes no obligation to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise. For a more detailed description of the risk factors and uncertainties affecting the Company, please refer to the Company's recent Securities and Exchange Commission filings, which are available at www.sec.gov.
