Renavotio Comments on Recent Developments Related to the Federal Infrastructure Bill
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Renavotio to Present at the Planet MicroCap Showcase: VIRTUAL 2021 on Wednesday, April 21, 2021
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Renavotio, Inc.: Renavotio Announces 2020 Annual Results
Possible Increased Business Pipeline - Potential Revenue Over the Next 12 Months
TULSA, OK / ACCESSWIRE / April 15, 2021 / Renavotio, Inc. (OTCQB:RIII) (the Company ), a holding company focused on infrastructure opportunities including personal protective equipment, 5G, utility construction, utility management, IoT, water, waste management technology, and related industries, today announced the Company s financial results for the year ended December 31, 2020.
Key Financial Highlights for 2020
Revenue of $4.1 million, of which $2.1 million was generated in the fourth quarter
Gross profit of $0.7 million
Key Business Highlights for 2020
Successfully merged into publicly-traded entity and listed onto OTCQB
Acquired Renavotio Infratech, Inc.
Through Renavotio Infratech, acquired Utility Management Corp and its subsidiaries, Utility Management & Construction, LLC and Cross-Bo Construction, LLC