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Transglobal Management Group, Inc. Reports Strong Year-End Performance by Wholly Owned Subsidiary Stand-By Golf
Globenewswire· 2026-01-06 14:12
Core Insights - Transglobal Management Group, Inc. announced strong financial results for its subsidiary, Stand-By Golf, for the year ended December 31, 2025, highlighting a gross revenue of $1.3 million and a net profit of $300 thousand, with year-over-year increases of 10% and 22% respectively [3][4] Company Overview - Stand-By Golf has been operating for over 37 years and serves three major golf markets: Palm Springs, California; Phoenix/Scottsdale, Arizona; and Las Vegas, Nevada [2][5] - The company specializes in discounted tee-time access, offering savings of 20% to 60% on premium courses, with flexible booking options available [2][5] Financial Performance - For the year ended December 31, 2025, Stand-By Golf reported a gross revenue of $1.3 million, reflecting a 10% increase from the previous year [3] - The net profit for the same period was $300 thousand, which represents a 22% increase year-over-year [3] Strategic Outlook - The Chairman and CEO of TMGI expressed confidence in Stand-By Golf's performance post-acquisition, noting its long operating history and loyal customer base [4] - The company sees opportunities to enhance margins and expand its reach through operational efficiencies, technology integration, and targeted marketing initiatives [4] - Stand-By Golf is expected to play a crucial role in TMGI's strategy of building scalable businesses with recurring revenue characteristics [4]
MONEY EXPERTS EXPOSE THE TRUTH ABOUT BUSINESS...
The Diary Of A CEO· 2025-08-07 21:06
I've got three boxes here. One of them contains $1,000, one of them contains $10,000, and one of them contains $100,000. And you three are the avengers of entrepreneurship on the internet.So, you're going to tell me what you would do with that amount of money to build a scalable business. So, do I get to give the money. Is that how this works.Okay. So, there's two paths to making money quickly if you don't have any. And the first path is go find the best entrepreneur and go work for them.Learn as much as yo ...