Here to Serve Holding Corp (OTC:HTSC) Completes Closing of Acquisition with DCE Construction, Inc., dba Mesa Garage Doors

ANAHEIM, CA / ACCESSWIRE / November 8, 2023 / Here To Serve Holding Corp. (OTC Pink:HTSC) (the "Company" or "HTSC"), is thrilled to announce the successful completion of its acquisition of DCE Construction, Inc., doing business as Mesa Garage Doors ("MESA"), a Southern California-based leader in home improvement solutions focused on the sale, service and installation of garage doors, entry door and custom gates. The acquisition, which was first announced in October, closed on November 3, 2023, at which time MESA became a wholly owned subsidiary of HTSC, MESA's business became the primary business of the Company, and the former shareholders of MESA became controlling shareholders of the Company.

The acquisition was effected pursuant to the terms of a Share Exchange and Reorganization Agreement, which was executed on October 23, 2023. At closing, HTSC acquired all of the outstanding shares of MESA in exchange for the issuance of 1.4 billion restricted shares of HTSC common stock to the shareholders of MESA in a tax-free reorganization. In connection with closing, the shareholders of MESA also purchased all outstanding shares of Series A and Series C Preferred Stock of HTSC, which were held by an affiliate of HTSC. Additionally, at closing, the officers and directors of HTSC resigned and Dwight Esnard (CEO of MESA) and Michael Layman (CFO of MESA) were appointed as HTSC's new CEO and CFO, respectively, and Messrs. Esnard and Laymen, along with Richard Golubow, were appointed as the new directors of HTSC.

This transaction empowers HTSC to break into a new market through its acquisition of a successful and experienced leader in the home improvement sector. Additionally, the transaction sets the stage for MESA's plans to horizontally diversify into other home improvement areas in addition to garage door installation/repairs. It also helps to facilitate MESA's new plans for growth through an aggressive M&A campaign of strategically aligned businesses throughout the US.

The transaction's successful closure is the cornerstone for expansion and progress within the home improvement and garage doors sector and marks the beginning of a new era for MESA, as it gains access to capital markets and embraces diversified opportunities for growth.

Unlike other OTC Pink companies, HTSC doesn't have any toxic and dilutive convertible debt or convertible preferred stock outstanding. In addition, the entity is fully audited by a PCAOB, which will help expedite the process for the Company to become a fully reporting company with the Securities and Exchange Commission.