Grow Capital, Inc. (GRWC) Announces Milestone Achievement of Recurring Revenue for subsidiary PERA Administrators [Yahoo! Finance]
GROW CAPITAL INC (GRWC)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Sept. 26, 2024 /PRNewswire/ -- Grow Capital, Inc. (OTCPINK: GRWC), a publicly traded financial services and technology holding company committed to fostering growth through strategic acquisitions and innovation, is pleased to provide an update on its subsidiary, PERA Administrators LLC (" PERA ADMIN "), a wholly owned third-party administration company launched in March 2020 . Despite the challenges of recent years, including the global pandemic, PERA ADMIN has recently achieved significant operational milestones. Through exceptional leadership and a committed support team, PERA ADMIN is on target to reach break-even operational results, shortly followed by positive cash flow, no later than the close of the first quarter of 2025. Grow Capital CEO, Terry Kennedy , commented, "The PERA ADMIN team has done an extraordinary job acquiring school districts and church plans for 403(b) and 457 accounts over the past year, generating escalating recurring service fees from vendors. With the C
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