Core Viewpoint - La Rosa Holdings Corp. has announced a non-binding Letter of Intent to acquire a controlling interest in Nona Title Agency, enhancing its service offerings and revenue streams in the real estate sector [1][5]. Company Overview - La Rosa Holdings Corp. operates in five agent-centric, technology-integrated, cloud-based, multiservice real estate segments [1]. - The company has 22 corporate real estate brokerage offices and branches in Florida, California, Texas, and Georgia, along with 15 franchised offices and two affiliated offices in the U.S. and Puerto Rico [6]. Acquisition Details - The acquisition of Red Door Title, a full-service escrow settlement and title company, is expected to be finalized by the end of July [8][12]. - This acquisition will enable La Rosa to provide title insurance services, complementing its existing real estate offerings and positioning the company for more comprehensive solutions in the residential property market [8]. Strategic Goals - The CEO of La Rosa Holdings Corp. emphasized that the acquisition aims to broaden service offerings, enhance value for agents and clients, and generate additional revenue streams [5]. - The company plans to layer on additional value-added services through acquisitions or joint ventures to expand its market presence across the U.S. [5]. Business Model - La Rosa's business model includes internal services for agents and external services for the public, covering residential and commercial real estate brokerage, franchising, education, coaching, and property management [6][9]. - The company offers agents a choice between a revenue share model or an annual fee-based model with 100% agent commissions, leveraging its proprietary technology platform [9].

The Company anticipates finalizing the transaction by the end of July. Once complete, the transaction would allow La Rosa to provide title insurance services for home purchases and sales, complementing its existing real estate offerings. Securing title insurance capabilities would position the Company to deliver more comprehensive solutions within the residential property market. The consummation of the acquisition is subject to the parties entering into a definitive acquisition agreement and other related ...

Joe La Rosa, CEO of the Company, commented, "We are thrilled to welcome the Millenian Group and all our new agents to the La Rosa family. Their proven track records and dedication to providing outstanding service align perfectly with our mission to deliver exceptional real estate experiences. We believe that this significant growth of agents is a testament to the strength of our agent-centric, technology-driven approach. We continue to expand our reach and expect to have a further impact in the real estate ...

Core Viewpoint - La Rosa Holdings Corp. has filed a Request for Withdrawal of its Registration Statement with the SEC, which does not impact its business operations or strategic objectives [1][2][10]. Company Overview - La Rosa Holdings Corp. operates as a holding company for five agent-centric, technology-integrated, cloud-based, multi-service real estate segments [1]. - The company offers agents a choice between a revenue share model or an annual fee-based model with 100% agent commissions, leveraging its proprietary technology platform [11]. - La Rosa provides both residential and commercial real estate brokerage services, along with technology-based products and services for its sales agents and franchise agents [11]. Business Model - The business model includes internal services for agents and external services for the public, covering residential and commercial real estate brokerage, franchising, real estate brokerage education and coaching, and property management [12]. - La Rosa has 22 corporate real estate brokerage offices and branches in Florida, California, Texas, and Georgia, along with 15 franchised offices and two affiliated offices in the U.S. and Puerto Rico [12]. Strategic Focus - The company remains committed to enhancing its market position and driving growth through its unique, agent-centric approach and integrated technology platforms [2]. - The decision to withdraw the Registration Statement was made after careful consideration of the company's financial standing and market conditions, with a focus on aligning future public market access with long-term shareholder interests [10].

Forward-Looking Statements La Rosa is committed to delivering value to its shareholders through its unique, agent-centric approach and integrated technology platforms across its multi-service real estate segments. The Company remains focused on its core business operations and strategic initiatives aimed at enhancing its market position and driving growth. The decision to withdraw the Registration Statement does not affect the Company's business operations or its strategic objectives. The Registration State ...

grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Actual results could differ materially from those described in these forw ...

fiscal quarter ended March 31, 2024. Forward-looking statements contained in this press release are made only as of the date of this press release, and La Rosa does not undertake any responsibility to update any forward- looking statements in this release, except as may be required by applicable law. References and links to websites have been provided as a convenience, and the information contained on such websites has not been incorporated by reference into this press release. La Rosa's business model is s ...

Increasing agent count of franchisee by 55% post-acquisition Reaffirms target of generating $100 million in annualized revenue as a 2024 exit run rate Celebration, FL, May 30, 2024 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) ("La Rosa" or the "Company"), a holding company for five agent-centric, technology-integrated, cloud-based, multi- service real estate segments, today announced that it has completed an acquisition transaction and now holds a 51% interest in the Company's franchisee - La R ...

Core Viewpoint - The article discusses the upcoming broadcast of episode 575 of "New to The Street" on Bloomberg TV, featuring interviews with various companies across different sectors, highlighting their innovations and business models [1][2]. Group 1: Telomir Pharmaceuticals, Inc. (NASDAQ:TELO) - Telomir Pharmaceuticals is a pre-clinical stage pharmaceutical company focused on developing TELOMIR-1, a drug aimed at increasing telomere lengths to potentially reduce aging and age-related diseases [4][9]. - The company went public in February 2024, raising $5.8 million to support its drug development efforts, with plans to enter Phase 1 FDA trials in 2025 [4]. Group 2: La Rosa Holdings Corp. (NASDAQ:LRHC) - La Rosa Holdings is transforming the real estate market with an agent-centric model that offers 100% commission and integrates AI technology to enhance agent services [5][10]. - The company went public in October 2023, and its management emphasizes a culture of family, passion, and growth, celebrating individual successes through "Win Meetings" [5]. Group 3: Performance Golf - Performance Golf is an online platform providing golfers access to top instructors and resources to improve their game, featuring popular products like the "One Shot Slice Fix" and "Single Strike Sequence" [6][7][11]. - The platform utilizes AI technology to analyze golfers' swings and provide personalized coaching, addressing common issues faced by amateur golfers [7]. Group 4: Gondola - Gondola offers MySafeTank™, a financial product designed for retail investors that minimizes risks and taxes, providing a steady growth rate with built-in guarantees [8][13]. - The product aims to address investor concerns regarding volatility and liquidity, ensuring that returns are never less than zero [8].

Revenue Growth - Total revenue increased 117% year-over-year to $13.1 million for Q1 2024, up from $6.0 million in Q1 2023[1] - Residential real estate services revenue rose 211% to $10.2 million, an increase of $6.9 million compared to the same period last year[6] Acquisitions and Expansion - The company successfully acquired three real estate brokerage franchisees in Q1 2024, bringing the total acquisitions since IPO to ten[4] - The company opened a new office in the Tampa Bay Area in January 2024 as part of its expansion strategy[6] - The company launched a new negotiation platform, Final Offer, in Florida and Georgia in March 2024, with plans for further expansion[6] Financial Performance - The company aims for an annualized revenue run rate of $100 million by the end of 2024, with profitability expected in 2025[4] - Selling, general and administrative costs for Q1 2024 were $2.6 million, compared to $1.0 million in Q1 2023, driven by costs from acquisitions and increased payroll[7] - Net loss for Q1 2024 was $4.7 million, or $(0.35) per share, compared to a net loss of $1.0 million, or $(0.16) per share, in Q1 2023[7] Operational Challenges - The company reported a 36% decrease in total transaction volume, impacting revenue growth despite the increase from acquisitions[7] - The company anticipates improved operating efficiencies and economies of scale from the integration of recent acquisitions[4]