Harrison Vickers and Waterman Inc (OTCMKTS: HVCW) is one of those Companies with an exciting story that is plagued by dilution that has destroyed any upside momentum the stock had going. Still investors hope the Company can get the convertible debt under control and ride on the success of MPS which has been making some big successes recently reporting from July to the end of December they had 695 installations with 200 of those in the month of September.
Recently HVCW affected a change of control with Jeffrey M. Canouse, assigning all 51 shares of HVCW’s Series B Preferred Stock to Robert Tetsch, giving him majority voting control of HVCW. Since than new CEO and controlling shareholder Robert Tetsch has been successful in getting the filings up to date and getting HVCW to pink current and is working to stop the dilution that has plagued HVCW however he has not been succesful so far as the os has continued to rise. We will be updating on HVCW so subscribe to Investmillion.com right now by entering your email in the box provided below.
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Harrison Vickers and Waterman Inc (OTCMKTS: HVCW) d/b/a Modern Pro Solutions, owned by Pacific Energy Network has quickly become one of the largest and most successful home services companies in the nation with a footprint across multiple states. With a focus on customer satisfaction and strategic business planning, MPS has grown into a multi-product business that has increased revenue year over year and expanded its reach into new markets across the United States. The Company offers services in residential solar, roofing, batteries and HVAC and is focused on being California’s premier solar company. MPS currently employs 110 people according to their website.
Modern Pro Solutions serves: Chino, Pomona, Ontario, Rancho Cucamonga, Upland, Riverside, Corona, Fontana, San Bernardino, West Covina, Anaheim, Fullerton, Placentia, Yorba Linda, Santa Ana, Irvine, Huntington Beach, and all other cities in Los Angeles, Orange, San Bernardino, and San Diego County. The Company is expanding into Missouri as well as in Northern, Central and Southern California. Management expects to add additional markets in the near future. MPS has won numerous awards including startup of the year and best workplace of the year by Titan Awards. The Company was named a Bronze winner in the Fastest Growing Company of the Year- Medium Category in Best in Biz Awards, the only independent business awards program judged each year by prominent editors and reporters from top-tier publications in North America. Modern Pro Solutions appeared on the Inc. 5000, ranking no. 87 with three-year revenue growth of 4,906%.
EO Bobby Tetsch won two awards at the Spirit of the Entrepreneur event in Riverside, California – including the most prestigious award for the “Best of the Best” Entrepreneur. Mr. Tetsch also was awarded the Distribution/Wholesale Entrepreneur of the year. Modern Pro Solutions was also named a Bronze winner in the Fastest Growing Company of the Year- Medium Category in Best in Biz Awards, the only independent business awards program judged each year by prominent editors and reporters from top-tier publications in North America. Modern Pro Solutions appeared on the Inc. 5000, ranking no. 87 with three-year revenue growth of 4,906%. Modern Pro Solutions won Startup of the year and best workplace of the year by Titan Awards.
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The Company continues to make huge projections; in a press release on January 18, they stated: HVCW through its operating subsidiary, Pacific Energy Network LLC, d/b/a Modern Pro Solutions is pleased to provide a 2022 synopsis as well as future endeavors for 2023. In the second half of 2022, from July to the end of December, Modern Pro Solutions is proud to announce that the company had revenues just shy of $25,000,000.00. This represents a 10x growth from the beginning of the year. The company also had a total of 695 installations with 200 of those in the month of September. With such demand the company became a top 50 installer for the nation’s largest solar finance company.
CEO Bobby Tetsch also stated: “As we look forward to 2023, we will not only keep improving on our tremendous momentum, but we have approximately 3 to 5 mergers/acquisitions in consideration. This will allow the company to move into other markets. In order to better efficiencies and streamline processes, the company will be investing in state-of-the-art software which will not only guide us internally but help our future and existing customers as well. Upon execution of these goals, I expect 2023 revenues for Modern Pro Solutions to be $150,000,000.00. Our growth to date has been impressive and we look forward to a very fruitful 2023. Thank you to all those investors who have faith in what we’re doing”.
Also, more recently CEO Bobby Tetsch made a presentation at D2DCON6 in Salt Lake City, UT. D2DCON is the largest home services conference in the nation and every year brings the best speakers and the best workshops to unite the Door-to-Door industry. Leadership, recruiting, and sales training are available to help businesses scale quickly. CEO, Bobby Tetsch, was chosen to present on the Solar CEO Panel. Also in attendance were CEO of D2D Experts and HVCW Board member, Sam Taggart.
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Currently trading at a $1.6 million market valuation HVCW os is 7,704,701,400 and the Company still has about $850k in convertible debt on the books which has caused significant dilution here. While the new Company is doing great with MPS experiencing rapid growth in revenues reporting a 10x growth from the beginning of the year, investors are hoping new CEO Robert Tetsch can get the dilution under control. We will be updating on HVCW when more details emerge so make sure you are subscribed to investmillion.com by entering your email below.
Disclosure: we hold no position in HVCW either long or short and we have not been compensated for this article.