Family Office of America, Inc. Reports Second Quarter 2026 Earnings

CENTENNIAL, Colo., Aug. 18, 2026 (GLOBE NEWSWIRE) --Family Office of America, Inc. (OTC: FOFA) ("Family Office ofAmerica" or the "Company"), an emerging provider of accounting,tax, bookkeeping and comprehensive family office services, today announced itsfinancial results for the three and six months ended June 30, 2026, as reportedin its Form 10-Q filed with the U.S. Securities and Exchange Commission onAugust 14, 2026.

For the six months ended June 30, 2026, theCompany reported:

• Revenue     of $1.32 million, compared with $0 in the prior-year period;
• Net     income of $232,570, compared with a net loss of $198,549 in the     prior-year period;
• Cash     and cash equivalents of $636,887, compared with $155,798 at December     31, 2025;
• Current     assets of $809,972, compared with $270,350 at December 31, 2025; and

The Company generated $532,639 of revenue during the secondquarter, compared with no revenue in the second quarter of 2025. The secondquarter net loss was $31,219, compared with a net loss of $95,228 in theprior-year period.

The Company's first-half revenue was generated by its twooperating businesses, Toone and Benson, acquired as part of the Company'sstrategy to build a larger integrated financial-services platform.

Management Sees Opportunity to Accelerate Growth

Management believes the Company is entering an importantphase of its development as it seeks to build upon its initial acquisitions andexpand its presence in the greater Washington, D.C. market.

"We believe we have another solid quarter as wecontinue to build out the business," said Patrick Adams, Chief ExecutiveOfficer of Family Office of America. "Our liquidity has improvedmeaningfully, and we intend to deploy a significant portion of that liquiditytoward our current acquisition and expanding the business. We have establisheda solid foothold in Montgomery County, Maryland, and believe there areadditional acquisition opportunities in this market that could be highlyaccretive and provide additional cash flow."

Management currently expects to pursue additionalacquisitions in the Montgomery County and greater Washington, D.C. market byyear-end, with a focus on businesses that can be integrated into the Company'sexisting platform and contribute additional revenue and cash flow.

Creating Synergies Across Acquired Businesses

The Company's strategy extends beyond simply acquiringaccounting firms. Management intends to combine businesses and leverage sharedinfrastructure to expand the services offered to clients while improvingoperating efficiency.

"Our model is to bring synergies through acquiring andcombining accounting firms—adding more services for clients, creatingadditional revenue opportunities and providing a more comprehensive serviceoffering," stated Rico Conte Director of Acquisitions.

One early benefit identified by management has been theopportunity to reduce overhead through consolidation. The Company has secured alarger office facility at approximately the same cost as its previous location,which management believes provides capacity to support substantially greaterrevenue. Additional opportunities have been identified in administrativefunctions, information technology, software and other shared expenses.

Technology and AI Expected to Support Margin Expansion

Management also believes technology and artificialintelligence will play an increasingly important role as the Company expands.

The accounting industry continues to face demographic andrecruiting challenges, while demand for accounting and tax services remainsstrong. FOFA intends to use technology for automation and to increase employeeproductivity, improve operating efficiencies and support a larger client basewithout a corresponding increase in overhead.

The Company also plans to expand its bookkeeping operationsas additional employees are added. Management believes the combination ofincreased bookkeeping demand and technology-enabled efficiencies could providean opportunity for meaningful margin expansion.

Building a Full-Service Family Office

Management's longer-term objective is to differentiateFamily Office of America from traditional accounting firms by expanding theservices available to clients through an integrated family office model.

The Company intends to develop opportunities to provideclients with access to wealth management, estate planning, retirement planningand insurance consulting, in addition to its core accounting and tax services.

"We believe providing wealth management, estateplanning, retirement planning and insurance consulting alongside our accountingand tax services creates a unique combination of family office services,"management stated. "Our objective is to be more than an accounting firm—weintend to build a full-service family office for our customers."

Near-Term Priorities

Management's immediate priorities include:

• Pursuing     additional acquisitions in the Montgomery County, Maryland and     greater Washington, D.C. markets;
• Integrating     acquired businesses and realizing operating synergies;
• Expanding     bookkeeping and other recurring service offerings;
• Deploying     technology and AI to improve productivity and margins; and
• Expanding     the Company's broader family office service offering.
     
    

Management also intends to pursue a planned transition ofthe Company's common stock to OTCQB, with a an objective of seekinga Nasdaq listing, subject to satisfying applicable listing requirements andother conditions.

About Family Office of America, Inc.

Family Office of America, Inc. (OTC: FOFA) isbuilding an integrated family office platform through the acquisition andoperation of accounting, tax, bookkeeping and related professional servicebusinesses.

The Company's strategy is to acquire established businesses,leverage shared infrastructure and technology, expand the range of servicesoffered to clients and develop a comprehensive family office model encompassingaccounting, tax and additional financial services.

Forward-Looking Statements

This press release contains forward-looking statementswithin the meaning of applicable federal securities laws. Such statementsinclude, but are not limited to, statements regarding the Company's acquisitionstrategy, anticipated acquisitions, expected synergies, revenue growth, marginexpansion, technology and artificial intelligence initiatives, expansion ofbookkeeping and family office services, future financing activities andpotential OTCQB or Nasdaq listing opportunities.

These statements are based upon current expectations and aresubject to risks and uncertainties that could cause actual results to differmaterially from those anticipated. Among other risks, there can be no assurancethat the Company will complete additional acquisitions, realize anticipatedsynergies, successfully implement its technology initiatives, generateanticipated revenue or cash flow, obtain additional financing or satisfy therequirements for any future stock-market listing.

Investors should review the Company's filings with the U.S.Securities and Exchange Commission, including its Quarterly Report on Form 10-Qfor the quarter ended June 30, 2026, for additional information concerningthese and other risks and uncertainties.

sec.gov/Archives/edgar/data/1871181/000149315226038094/form10-q.htm

Family Office of America, Inc.
6898 S. University Blvd., Suite 100
Centennial, CO 80122
‍Email: Patrick Adams

OTC: FOFA‍