KISSIMMEE

Southern Home Services Acquires ACE Solves It All, Marking the Company's Third Acquisition in the Orlando Market

Retrieved on: 
Tuesday, January 16, 2024
Service, Acquisition, Professional, Safety, HVAC, ACE, Rail transport

ORLANDO, Fla., Jan. 16, 2024 /PRNewswire/ -- Southern Home Services, renowned operator of top tier home service companies, is excited to announce the acquisition of ACE Solves It All.

Key Points: 
  • ORLANDO, Fla., Jan. 16, 2024 /PRNewswire/ -- Southern Home Services, renowned operator of top tier home service companies, is excited to announce the acquisition of ACE Solves It All.
  • Providing plumbing, HVAC and electrical services, ACE Solves It All (ACE) excels in the greater Orlando home services market.
  • "We are thrilled to welcome ACE Solves It All into the Southern Home Services family," said Bryan Benak, CEO of Southern Home Services.
  • Southern Home Services remains committed to retaining all current employees, recognizing their invaluable contributions to the company's success.

ECD Auto Design Expects Organic Revenue Growth of Over 50% in 2024 with Continued GAAP Profitability

Retrieved on: 
Thursday, January 11, 2024
Jaguar, GAAP, Ecosystem, Sport, ECD, Growth

KISSIMMEE, Fla., Jan. 11, 2024 (GLOBE NEWSWIRE) -- ECD Automotive Design Inc. (“ECD” or the “Company”) (NASDAQ ECDA), an industry leader in delivering restored, modified and electrified Land Rover Defenders, Jaguars, and other classic and collectible automobiles, today provided its financial outlook for 2024.

Key Points: 
  • KISSIMMEE, Fla., Jan. 11, 2024 (GLOBE NEWSWIRE) -- ECD Automotive Design Inc. (“ECD” or the “Company”) (NASDAQ ECDA), an industry leader in delivering restored, modified and electrified Land Rover Defenders, Jaguars, and other classic and collectible automobiles, today provided its financial outlook for 2024.
  • Expected 2024 revenue of $33 million, representing more than 50% organic growth over anticipated 2023 revenue of $22 million
    Expected continued profitability on a GAAP basis for fiscal year 2024, and generation of positive cash from operations
    “We had a strong finish to 2023 and enter 2024 from a position of strength and with accelerating momentum,” commented Scott Wallace, ECD’s co-founder and Chief Executive Officer.
  • “Our core Defender North production line is sold out for 2024, and when combined with our new E-Type and yet-to-be-announced new model product on the South production line, ECD has already sold over 80% of its total 2024 production capacity.
  • We are realizing growing demand for our trucks and sports cars with incremental contribution from new lines of business we plan to launch this quarter.

Bronzed Beauty Meets Power: ECD Auto Design’s Newest Defender 110 Features a 450-HP LT1 V8-Engine

Retrieved on: 
Tuesday, January 9, 2024
Land Rover, CarPlay, Range Rover Classic, Silver, ECD, Bluetooth, Butter, Bread, Project, BFGoodrich, Sirius XM, Automotive industry

KISSIMMEE, Fla., Jan. 09, 2024 (GLOBE NEWSWIRE) -- ECD Auto Design (ECD), the world’s largest restoration company for Land Rover Defenders, Range Rover Classic and Jaguar E-Types, today unveils Project QE – a striking Defender 110. The Dallas-based beauty will serve as a daily driver packed with modern day amenities and classic British heritage.

Key Points: 
  • KISSIMMEE, Fla., Jan. 09, 2024 (GLOBE NEWSWIRE) -- ECD Auto Design (ECD), the world’s largest restoration company for Land Rover Defenders, Range Rover Classic and Jaguar E-Types, today unveils Project QE – a striking Defender 110.
  • The Dallas-based beauty will serve as a daily driver packed with modern day amenities and classic British heritage.
  • Fully glossed in a custom olive paint, Project QE’s eye catching body color is just one of the features that makes this custom Defender fully bespoke.
  • For more information on how to build your own Land Rover Defender – 90, 110, 130 or Series IIA, Range Rover Classic or Jaguar E-Type, please visit ecdautodesign.com .

Aviation Veteran Doug Crowther Joins Odyssey Aviation U.S. as President

Retrieved on: 
Tuesday, January 9, 2024
Odyssey, Air Service, Aviation, KYIP, Midway International Airport, KSSI, KISM, Fix, FBO, Blood, Growth, Airline

BONITA SPRINGS, Fla., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Odyssey Aviation U.S. (“Odyssey”) today announced it expanded its management team, with aviation veteran Doug Crowther joining the firm as President. In addition, highly-tenured aviation executive Ken Allison was named CEO, and will focus on the strategic initiatives of the Fix Based Operators (FBO) network. Odyssey has a network of FBOs providing services to private aviation customers and air cargo operators, with locations in Florida (KISM), Michigan (KYIP) and Georgia (KSSI).

Key Points: 
  • BONITA SPRINGS, Fla., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Odyssey Aviation U.S. (“Odyssey”) today announced it expanded its management team, with aviation veteran Doug Crowther joining the firm as President.
  • “An experienced aviation leader, Doug Crowther is an incredible addition to our team.”
    Ken Allison, CEO of Odyssey Aviation United States, grew up with aviation in his blood.
  • In 2015, he joined with longtime friends and aviation industry veterans, Sal Calvino and Blake Fish to create Odyssey Aviation U.S. Today, Sal Calvino continues with Odyssey Aviation U.S., as Chairman of the Board.
  • Sal Calvino added, “With Doug joining the terrific leadership team headed up by Ken Allison, Odyssey Aviation U.S. is strongly positioned for growth and expansion.”
    According to Crowther, “I am enthused to join the team here, and this incredible opportunity to help build Odyssey Aviation, a firm well-regarded for its great service and aviation professionals.

SkyWater Florida and Deca Technologies Announce $120M DOD Award to Expand Advanced Packaging Capabilities in Osceola County, Florida

Retrieved on: 
Wednesday, January 10, 2024
Semiconductor, Contracts, White House, Federal Government, Aerospace, Data Management, Manufacturing, Technology, Other Policy Issues, Defense, Public Policy, Government, Other Technology, Other Manufacturing, Software, Networks, Engineering, Artificial intelligence, Deca, SkyWater Technology, ASIP, Partnership, Ecosystem, FOWLP, AMD, Department of Defence, IBAS, DOD, 3D printing

These capabilities will be made possible through the five-year DOD contract recently awarded to Osceola County and SkyWater Florida, which is expected to fund the facilitization, tooling and build-out of the Center for Neovation.

Key Points: 
  • These capabilities will be made possible through the five-year DOD contract recently awarded to Osceola County and SkyWater Florida, which is expected to fund the facilitization, tooling and build-out of the Center for Neovation.
  • SkyWater is the first domestic licensee of Deca’s M-Series and Adaptive Patterning solutions to support the reshoring of the semiconductor supply chain.
  • In response to the vital need for reshoring, Osceola County and SkyWater plan to stand up advanced packaging capabilities and capacity for low-volume/high-mix production of secure 2.5 and 3D Advanced System Integration and Packaging (ASIP) solutions.
  • It’s an important addition because it completes our advanced packaging trifecta of interposer, hybrid bonding, and now fan-out wafer level packaging technology – all in one facility – to support both DOD and commercial customers.”

ECD Automotive Design CEO & Co-Founder Publishes Open Letter Outlining Company’s Strategy

Retrieved on: 
Wednesday, January 3, 2024
Ecosystem, Culture, GM, Jaguar, Automotive design, Land Rover Defender, LVMH, Beer, Land Rover, Land, ECD, Letter, Humble, Safety, Retail

This is an exciting time, not just for the founders, team members, and shareholders of ECD Automotive Design, but for gearheads everywhere.

Key Points: 
  • This is an exciting time, not just for the founders, team members, and shareholders of ECD Automotive Design, but for gearheads everywhere.
  • We founded ECD ten years ago over a beer and based on a shared passion for restoring and modifying (“restomod”) classic automobiles.
  • Our public listing on the Nasdaq in December of 2023 speaks to how far we’ve come in such a short time.
  • To be sure, this is a niche industry today – we cater to the top 1% of the super wealthy.

ECD’s LS3-Powered Series 3 E-Type Brings Iconic British Heritage to America

Retrieved on: 
Tuesday, December 19, 2023
Series, Jaguar, System, Human, LED, Land Rover, Corvette, JL Audio, LS3, ECD, Series 3

KISSIMMEE, Fla., Dec. 19, 2023 (GLOBE NEWSWIRE) --  ECD Auto Design (ECD), the world’s largest Land Rover restoration company known for its bespoke luxury builds today showcases Project Wellesley Commission, a coupe Series 3 E-Type perfectly suited for exploring small towns and driving over cobblestone roads. Powered by a LS3 engine, the classic E-Type is seamlessly elevated for the 21st century, with modern touches integrated into the soul of the British build.

Key Points: 
  • Powered by a LS3 engine, the classic E-Type is seamlessly elevated for the 21st century, with modern touches integrated into the soul of the British build.
  • “The first coupe off our South Line, Project Wellesley Commission is a gorgeous Series 3 combining the best of 1970s looks with the best of modern technology,” said Scott Wallace, CEO and co-founder of ECD.
  • Bespoke additions to the Series 3 include a Series 1 ashtray in the center console, metal luggage rails in the back and Bluetooth hookup to JL Audio speakers.
  • For more information on how to build your own vintage E-Type, please visit ecdautodesign.com .

Humble Imports, Inc., the Wholly Owned Subsidiary of ECD Automotive Design, Reports 68% Increase in Revenue, Positive Net Income, for Third Quarter of 2023

Retrieved on: 
Tuesday, December 19, 2023
Economics, Acquisition, Jaguar, ECD, Humble, YTD

Financial and Operational Highlights for Humble:

Key Points: 
  • Financial and Operational Highlights for Humble:
    Total revenue increased 68% to $6.2 million in Q3 2023 and 41% to $15.7 million for the nine months ended September 30, 2023.
  • Average selling price (“ASP”) per vehicle was $325,215 in Q3 2023, an increase of 33% compared to Q3 2022.
  • Net income was $668,000 in Q3 2023 compared to a net loss of $86,000 in Q3 2022; Year-to-date net income was $1.1 million compared to a net loss of $78,000 in 2022.
  • Please see the press release dated December 12, 2023 on ECD’s Investor Relations website for more details related to the business combination at https://ecdautodesign.com/ecd-investors/.

ECD Auto Design to Ring Nasdaq Opening Bell and Showcase Custom Land Rover Defender in Times Square

Retrieved on: 
Wednesday, December 13, 2023
EF Hutton, Ecosystem, Acquisition, Jaguar, Land Rover Defender, Land, ECD, Range Rover Classic, Growth, Automotive industry

In addition, a custom Land Rover Defender, restored and modified by the certified craftsmen and craftswomen at ECD, will be displayed outside the Nasdaq in Manhattan’s Times Square to demonstrate ECD’s capabilities.

Key Points: 
  • In addition, a custom Land Rover Defender, restored and modified by the certified craftsmen and craftswomen at ECD, will be displayed outside the Nasdaq in Manhattan’s Times Square to demonstrate ECD’s capabilities.
  • On December 12, 2023, ECD completed the business combination between Humble Imports, Inc. d/b/a ECD Auto Design and EF Hutton Acquisition Corporation I (“EFHT”) (NASDAQ: EFHT), a special purpose acquisition company formed by affiliates of EF Hutton.
  • The ECD line-up currently includes the Land Rover Defender, the Land Rover Series IIA, the Range Rover Classic and the Jaguar E-Type.
  • The opening bell ceremony will be broadcast live starting at 9:15 a.m. Eastern Time from the NASDAQ MarketSite Tower in New York, NY.

Hit the Golf Course Like Never Before with Restored Vintage LT1 Defender

Retrieved on: 
Thursday, December 7, 2023
Island Girl, Family, CarPlay, Defender, System, Golf, CXO, Land Rover, ECD, Range Rover Classic, Radio, Brembo

KISSIMMEE, Fla., Dec. 07, 2023 (GLOBE NEWSWIRE) -- ECD Auto Design (ECD), the world’s largest bespoke Land Rover restoration company, today releases Project Island Girl. An LT1-powered vintage Defender 110, the white beauty adds a timeless, classy elegance to delightful days at the golf course.

Key Points: 
  • An LT1-powered vintage Defender 110, the white beauty adds a timeless, classy elegance to delightful days at the golf course.
  • “Project Island Girl is a testament to the first-class design and build process we’ve created here at ECD.
  • All-white, the pristine older Defender sits on All Terrain tires and 18-inch Sawtooth wheels, utterly eliminating the need for golf carts.
  • With a full-sized roof rack and ladder to access it, there’s plenty of space for all eight passengers’ golf clubs to make it to the course.