Fernhill Corp posts June 30 Financial Disclosure and Provides Corporate Update

Fernhill Corp, (OTC:FERN) (the "Company"), a Web3 software infrastructure Holding Company focusing on the blockchain and digital asset industries, announces that yesterday it posted its financial disclosure for the period ended June 30, 2022.

The Company confirms that it achieved a record $188,066 in Revenue for the period and had ($555,039) in Net Income. The Company also grew its Balance Sheet Assets to $12,763,358 with its successful organic growth and platform acquisition strategy for the period ended June 30, 2022.

Fernhill Management expects the quarterly revenue growth to continue during 2022 and achieve record revenue in the third and fourth quarters for the year, as it ramps up business development and deploys additional services. Going forward, the Company's acquisition and organic growth strategy will continue to expand and drive new revenue across its digital asset trading division, MainBloq, its NFT marketplace DIGXNFT and White Label platform, NFTx, in addition to other opportunities not yet announced.

Financial Highlights for Period Ended June 30, 2022:

• Revenues from Operations for the period ending June 30, 2022 were $188,066 as compared to $0 for the same period last year (June 30, 2021). The Companys MainBloq division was the principal driver of revenue. This is an exceptional increase as the Company continues to build its foundation and land more clients.
• Total Assets increased to $12,763,358 from $171,711 for the same period last year, June 2021 to June 2022, an increase in Total Assets of 74 times, year-over-year.
• Shareholders Equity landed at $10,653,316 for the period ending June 30, 2022 as compared to a Shareholders Deficit of ($266,809) last year, for a 40 times improvement year over year, a significant indication of the remarkable shareholder value creation from the Company's acquisition and growth strategy.

Fernhill Corporation Chairman & CEO Chris Kern commented on the results:

"Dear FERN Family we are happy to report the continued growth and development of our collective company and were very excited about the foundation that we have established to date. Regardless of the economic and crypto market headwinds, we continue to drive growth and further development of our platform technologies and new potential client pipeline at a record pace. 2022 is turning out to be an incredible transition year for Fernhill and were extremely excited about the second half of the year and 2023 going forward.

In other Company updates:

Fernhills accounting review and audit work is still ongoing. This requires the thorough review of over 4 years of accounting records and thousands of entries for both Fernhill and Qandlestick/MainBloq and is a prolonged process. Once this effort is complete, well make an announcement.

MainBloq recently launched its YouTube channel which provides insight into its platform and how it's used. Visit here: https://www.youtube.com/c/MainBloq/videos

The DIGXNFT Marketplace was soft launched in Beta and continues to be upgraded. Further news and information will be provided about the upcoming launch of its White Label Platform, NFTx an Enterprise API for brands, agencies and exchanges to have and launch their own fully branded marketplace where they control the client experience and do not need to be reliant upon or part of the noise with other third-party marketplaces.

We feel very excited about where we are right now, said Fernhill President Marc Lasky. With revenues beginning to ramp up and our client pipelines growing, we expect big things over the next 12-18 months. Stay tuned as we promise to keep everyone updated along the way.