MISSISSAUGA, ON / ACCESSWIRE / September 5, 2023 / Redishred Capital Corp ("Redishred" or the "Company") (TSXV:KUT) announces the completion of the acquisition of Security Shredding effective August 31, 2023. Security Shredding offers paper and hard drive shredding, product destruction, and paper recycling services. Security Shredding earned approximately $660,000 USD in revenue during fiscal 2022.
The Company also wants to highlight the pro forma EBITDA margin (See "Cautionary Note Regarding Non-IFRS measures") of Security Shredding which is estimated to be in the range of 40% to 45% and views this acquisition as accretive to the Company's cash flows and earnings per share. The acquisition was financed by utilizing Redishred's cash reserves.
The acquisition includes on-site paper and hard drive shredding trucks, containers, client relationships, and other assets used in the shredding and paper recycling business.
Jeffrey Hasham, Redishred's Chief Executive Officer, noted, "The acquisition of Security Shredding allows us to further solidify our position in the New Jersey area, and achieve routing synergies, with the significant overlap of Security Shredding's routes with our existing New Jersey location. We also want to thank John O'Hagan for the business he has developed and his long-standing care for his customers, and we look forward to continuing this service and care."
About Redishred
Redishred Capital Corp. is the owner of the PROSHRED trademarks and intellectual property in the United States and Internationally. PROSHRED shreds and recycles confidential documents and proprietary materials for thousands of customers in the United States in all industry sectors. PROSHRED is a pioneer in the mobile document destruction and recycling industryand has the ISO 9001:2015certification. It is PROSHRED's vision to be the 'system of choice' and provide shredding and recycling services on a global basis. PROSHRED currently services over 40 markets in the United States. Redishred Capital Corp. grants PROSHRED franchise businesses in the United States. Redishred Capital Corp. also operates fifteen corporate shreddingbusinesses directly. The Company's plan is to grow its business by way of both franchising and the acquisition and operation of document destruction businesses that generates stable and recurring cash flow througha scheduled client base, continuous paper recycling and concurrent unscheduled shredding service.
FOR FURTHER INFORMATION PLEASE CONTACT:
Redishred Capital Corp. (TSX.V- KUT)
Jeffrey Hasham, MBA, CA, CPA
Chief Executive Officer
Jeffrey.hasham@redishred.com
Phone: (416) 849-3469 Fax: (905) 812-9448
or,
Redishred CapitalCorp. (TSX.V - KUT)
Harjit Brar, CA, CPA
Chief Financial Officer
harjit.brar@redishred.com
Phone: (437) 328-6639 Fax: (905) 812-9448
Note: The TSX Venture Exchangehas neither approved nor disapproved of the information contained herein.
This news release contains forward looking statements that reflect the current expectations of management of Redishred and Redishred's future results, performance, achievements, prospects and opportunities. Wherever possible, words such as "may", "will", "estimate", "believe", "expect", "intend" and similar expressions have been used to identify these forward looking statements. These statements reflect current beliefs and are based on information currently available to management of Redishred. Forward looking statements necessarily involve known and unknown risks and uncertainties. A number of factors, including those discussed in the 2022 management discussion and analysis under "Risk Factors", could cause actual results, performance, achievements, prospects or opportunities to differ materially from the results discussed or implied in the forward looking statements.
These factors should be considered carefully and a reader should not place undue reliance on the forward looking statements. There can be no assurance that the expectations of management of Redishred will prove to be correct.
In particular, certain statements in this document discuss Redishred's anticipated outlook of future events. These statements include, but are not limited to:
- An increase to Redishred's cash flow and earnings per share, which may be impacted by the level of costs, industry growth levels, the demand for recycled paper products, changes in local and federal regulations, and the economic situation in the United States; and
- The realization of synergies, which may be impacted by the successful integration of operations, procedures, and personnel, and the demand for services.
- Pro-forma EBITDA margins, which may be impacted by industry growth levels, the demand for services, changes in local and federal regulations, the economic situation in the United States, and the realization of synergies, which may be impacted by the successful integration of operations, procedures, the economic situation in the United States and personnel.
Readers are cautioned that such forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from these statements. Redishred can give no assurance that actual results will be consistent with these forward-looking statements.
Cautionary Note Regarding Non-International Financial Reporting Standards ("Non-IFRS") Measures
This press release makes reference to certain Non-IFRS measures that do not have a standardized meaning under IFRS and therefore may not be comparable to similarly titled measures presented by other publicly traded companies. The Company includes these measures as a means of measuring financial performance. More specifically, the Company makes reference to the following Non-IFRS measures:
EBITDA is defined as earnings before interest, taxes, depreciation and amortization.
EBITDA margin is defined as the percentage of revenue that has turned into EBITDA.
Pro forma EBITDA is defined as EBITDA, for the referenced company, for the twelve months ended with respect to the fiscal period being referenced, adjusted for the anticipated cost savings and other synergies that the Company anticipates as a result of the acquisition of the referenced company, as if the Company had acquired the referenced company at the beginning of the fiscal period.
Pro forma EBITDA margin is defined as the percentage of revenue that has turned into Pro forma EBITDA.
SOURCE: Redishred Capital Corp.
View source version on accesswire.com:
安大略省密西沙加/ACCESSWIRE/2023年9月5日/ Redishred Capital Corp(“Redishred” 或 “公司”)(TSXV: KUT)宣布自2023年8月31日起完成对Security Shredding的收购。Security Shredding 提供纸张和硬盘粉碎、产品销毁和纸张回收服务。Security Shredding在2022财年的收入约为66万美元。
该公司还想重点介绍 预计息税折旧摊销前利润率 Security Shredding的 “关于非国际财务报告准则指标的警示说明”),估计在40%至45%之间,并认为此次收购增加了公司的现金流和每股收益。此次收购的资金来自使用Redishred的现金储备。
此次收购包括现场纸张和硬盘碎纸车、容器、客户关系以及其他用于碎纸和纸张回收业务的资产。
Redishred首席执行官杰弗里·哈沙姆指出:“收购Security Shredding使我们能够进一步巩固我们在新泽西地区的地位,并实现路线协同效应,因为Security Shredding的路线与我们在新泽西州的现有地点有很大重叠之处。我们还要感谢约翰·奥哈根开发的业务以及他长期以来对客户的关心,我们期待继续提供这种服务和护理。”
关于 Redishred
Redishred Capital Corp. 是该公司的所有者 PROSHRED 美国和国际上的商标和知识产权。 PROSHRED 为美国所有行业的数千名客户粉碎和回收机密文件和专有材料。 PROSHRED 是移动文件销毁和回收行业的先驱,已获得 ISO 9001:2015 认证。它是 PROSHRED的愿景是成为 “选择系统”,并在全球范围内提供粉碎和回收服务。 PROSHRED 目前为美国40多个市场提供服务。Redishred Capital Corp PROSHRED 美国的特许经营业务。Redishred Capital Corp. 还直接经营十五家公司粉碎业务。该公司的计划是通过特许经营以及收购和运营文件销毁业务来发展业务,通过固定的客户群、持续的纸张回收和并行的计划外碎纸服务来产生稳定和经常性的现金流。
欲了解更多信息,请联系:
Redishred Capital Corp.(多伦多证券交易所-KUT)
杰弗里·哈沙姆,加利福尼亚州工商管理硕士,注册会计师
首席执行官
Jeffrey.hasham@redishred.com
电话:(416) 849-3469 传真:(905) 812-9448
或者,
Redishred CapitalCorp(TSX.V-KUT)
加利福尼亚州哈吉特·布拉尔注册会计师
首席财务官
harjit.brar@redishred.com
电话:(437) 328-6639 传真:(905) 812-9448
注意:多伦多证券交易所风险交易所既未批准也未批准此处包含的信息。
本新闻稿包含前瞻性陈述,反映了管理层当前对Redishred和Redishred未来业绩、业绩、成就、前景和机遇的期望。尽可能使用诸如 “可能”、“将”、“估计”、“相信”、“期望”、“打算” 等词语和类似的表述来识别这些前瞻性陈述。这些陈述反映了当前的信念,并基于Redishred管理层目前获得的信息。前瞻性陈述必然涉及已知和未知的风险和不确定性。许多因素,包括2022年管理层在 “风险因素” 下的讨论和分析中讨论的因素,可能导致实际业绩、业绩、成就、前景或机会与前瞻性陈述中讨论或暗示的结果存在重大差异。
应仔细考虑这些因素,读者不应过分依赖前瞻性陈述。无法保证Redishred管理层的期望会被证明是正确的。
特别是,本文件中的某些陈述讨论了雷迪什雷德对未来事件的预期展望。这些声明包括但不限于:
- Redishred的现金流和每股收益的增加,这可能会受到成本水平、行业增长水平、对再生纸制品的需求、地方和联邦法规的变化以及美国经济形势的影响;以及
- 协同效应的实现,这可能会受到运营、程序和人员的成功整合以及对服务的需求的影响。
- 预计息税折旧摊销前利润率,可能会受到行业增长水平、服务需求、地方和联邦法规变化、美国经济形势以及协同效应实现的影响,而协同效应的实现可能会受到运营、程序、美国经济形势和人员的成功整合的影响。
提醒读者,此类前瞻性陈述存在某些风险和不确定性,可能导致实际结果与这些陈述存在重大差异。Redishred无法保证实际业绩将与这些前瞻性陈述一致。
关于非国际财务报告准则(“非国际财务报告准则”)措施的警示说明
本新闻稿提到了某些非国际财务报告准则指标,这些指标在《国际财务报告准则》下没有标准化的含义,因此可能无法与其他上市公司提出的类似标题的指标相提并论。公司将这些指标列为衡量财务业绩的一种手段。更具体地说,该公司提到了以下非国际财务报告准则指标:
息税折旧摊销前利润定义为扣除利息、税项、折旧和摊销前的收益。
息税折旧摊销前利润率定义为已转化为息税折旧摊销前利润的收入百分比。
预计息税折旧摊销前利润定义为参考公司截至所参考财期的十二个月的息税折旧摊销前利润,并根据公司预期的收购参考公司所预期的预期成本节省和其他协同效应进行了调整,就好像公司在财期开始时收购了参考公司一样。
预计息税折旧摊销前利润率定义为收入中转化为预计息税折旧摊销前利润的百分比。
来源:雷迪什雷德资本公司
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