NEXT10 Acquires Torreon Group Inc. in Strategic Move

Deal News | Jun 09, 2025 | Globenewswire

NEXT10, Inc. (OTC PINK: NXTN), a company publicly traded on the over-the-counter market, has announced its acquisition of Torreon Group, Inc., an Arizona-based company with a robust presence in real estate development and commercial ventures. This strategic move aims to enhance NEXT10's portfolio, aligning with its dynamic approach towards strategic acquisitions. Although specific financial details of the acquisition have not been disclosed, further details will be released in public announcements scheduled for later this week. The announcement underscores NEXT10’s commitment to expanding its influence in the real estate and commercial markets. As with any strategic initiative, NEXT10 acknowledges the potential risks and uncertainties, emphasizing that the forward-looking statements in their press release are based on current management plans. They also iterated compliance with regulatory requirements by having made relevant filings with the SEC and OTC Markets.

Sectors

  • Real Estate Development
  • Commercial Ventures

Geography

  • United States – The transaction involves companies based in the U.S. with NEXT10, Inc. headquartered in Las Vegas and Torreon Group based in Arizona.
  • Arizona – Torreon Group, the acquired company, is located in Arizona, which is relevant to the transaction.
  • Nevada – NEXT10, Inc. is based in Las Vegas, Nevada, which plays a geographical role in the acquisition.

Industry

  • Real Estate Development – The acquisition involves Torreon Group, which has a strong portfolio in real estate development, thus impacting the real estate sector.
  • Commercial Ventures – Torreon Group is involved in commercial ventures, indicating the relevance of this sector to the acquisition.

Financials

    Participants

    NameRoleTypeDescription
    NEXT10, Inc.Acquiring CompanyCompanyA publicly traded company known for strategic acquisitions, listed on the OTC market under the ticker NXTN.
    Torreon Group, Inc.Target CompanyCompanyAn Arizona-based company with strong capabilities in real estate development and commercial ventures.