Extreme Biodiesel, Inc. Reports Strong Operations and Revenues

Boise, ID, March 17, 2022 (GLOBE NEWSWIRE) -- Extreme Biodiesel, Inc. (OTCPink:XTRM) Company’s Board of Directors provides this update to shareholders and the public.

The Company is committed to building shareholder value, and we see no need for any stock split in the foreseeable future. We are very pleased with the company’s financial and operating results for the fourth quarter and fiscal year ended December 31, 2021. Our 2021year end revenues are up $13,470,710 from 2020 revenues of $12,342,160 a 9% increase. We had a significant change as our 2021 gross profit grew to $2,559,435 from the previous years gross profit of $1,611,149 a 59% increase. Our year end 2021 net earnings have more then doubled to $996,019 from the previous year’s earnings of $299,140. Our end of year assets are $8,222,953 up from last year’s assets of $5,397,340 a 52% increase. We have demonstrated consistent year on year growth and the company’s cash flow hasn’t been stronger putting us in a better position than ever before. Every aspect of our business for 2022 is moving at a higher rate from the previous year. We are off to a great start for the first quarter of 2022. We have started 17 new homes with many under contract and expected to be completed in the second quarter. We will be providing more updates. We are very confident for our continued success through out 2022.