Palisades Venture Inc.

What they do

The company provides managed technology services in cloud computing, IT business continuity, disaster recovery and cyber security, and describes a 3-Tier disaster recovery strategy. Its 4Service business uses hardware and software from Cisco, Checkpoint, Dell, HP, EMC2, VMWare and Microsoft. Riteman focuses on high-end technical and professional services, particularly infrastructure virtualization, and IT@Once deploys and manages on-premise and cloud virtualized environments. The company was formed in 2021 to absorb assets of Landmark PMG LLC (d/b/a 4Service Cloud Tech) from CorpTech Holding Inc. for 25,000,000 restricted common shares and $300,000.

Revenue drivers

• Cloud computing and managed IT services (4Service Cloud Tech) — Revenue comes from managed technology services in data protection, cyber security, business continuation and disaster recovery, built on third-party equipment and software; the company treats operations as one integrated reportable segment.
• IT consulting — Management states the 2025 revenue increase of $19,179 over 2024 was mainly due to an increase in IT consulting work.
• Riteman / IT@Once professional services — Riteman is described as a managed services provider focused on high-end technical and professional services and infrastructure virtualization, with IT@Once deploying and managing on-premise and cloud virtualized environments, though no separate revenue figures are disclosed.

Recent performance

Annual revenue rose from $178,962 in 2024 to $198,141 in 2025, while the net loss widened from $(9,910) to $(83,241), largely on general and administrative expenses of $211,786 versus $115,755, attributed mainly to remuneration for Chairman and CEO Mr. Orie Rechtman. Cost of goods fell to $36,485 in 2025 from $41,000 in 2024. In the quarter ended June 30, 2026, revenue was $56,603 versus $49,974 a year earlier, cost of sales was $8,152, operating expenses were $61,512 and the net loss was $(21,509). For the six months ended June 30, 2026, revenue was $106,688, operating expenses were $112,321, interest expense was $16,828 and the net loss was $(38,691), narrower than the $(44,950) loss a year earlier. At June 30, 2026, the balance sheet showed total assets of $10,139, total liabilities of $428,133, shareholder equity of $(417,994), and cash and equivalents of $1,733.

Strategy

Management says the company is attempting to expand operations and generate additional revenue, but states its cash position may not be sufficient to support the business. It expects working capital needs to continue to be funded through borrowing from related parties, and states that over the next twelve months its principal source of liquidity is expected to be the sale of stock, a private placement offering or an institutional lender. The company does not intend to purchase any significant equipment over the next twelve months and reports no material commitments as of the annual report date. It operates as one reportable segment and has identified no off-balance sheet arrangements. Management states it does not anticipate needing to engage full-time employees.

Risks

• Going concern — The independent registered public accountants issued a going concern opinion, citing accumulated losses of $(522,095), negative working capital of $(49,553) and operating cash outflow of $(40,415) for 2025.
• Minimal liquidity and cash balance — Cash was $906 at December 31, 2025 and $1,733 at June 30, 2026, with management stating the balance is not sufficient to fund limited operations for any period of time.
• Dependence on Chairman funding — The company has used non-interest-bearing, unsecured, due-on-demand borrowings from its Chairman, who has no commitment, arrangement or legal obligation to advance or loan funds.
• Accumulating losses despite revenue growth — Revenue rose in 2025 and in the first half of 2026, but the net loss grew to $(83,241) for 2025 and the company still reported a $(38,691) net loss for the six months ended June 30, 2026.

Outlook

Management states the company is attempting to expand operations and generate additional revenue, but flags that its cash position may not be sufficient. It expects to fund working capital through related-party borrowing and to seek liquidity from stock sales, a private placement offering or an institutional lender over the next twelve months. It does not intend to buy significant equipment in that period and reports no material commitments. The company also notes it could remain an emerging growth company for up to five years or until it meets specified revenue, market value or debt thresholds.