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Redishred Capital Corp. Announces the Acquisition of Confidential Shredding in New York & New Jersey

Redishred Capital Corp. Announces the Acquisition of Confidential Shredding in New York & New Jersey

Redishred Capital公司宣布收购纽约和新泽西州的机密文件粉碎公司。
Accesswire ·  07/29 19:15

MISSISSAUGA, ON / ACCESSWIRE / July 29, 2024 / Redishred Capital Corp ("Redishred" or the "Company") (TSXV:KUT) announces the completion of the acquisition of Confidential Shredding LLC ("Confidential") effective July 29, 2024. Confidential offers on-site paper and hard drive shredding, product destruction, and paper recycling services. Confidential earned approximately $1.9 million USD in revenue in 2023.

MISSISSAUGA,安大略州/ACCESSWIRE/2024年7月29日/Redishred Capital Corp(“Redishred”或“公司”)(tsxv:KUT)宣布于2024年7月29日完成收购Confidential Shredding LLC(“Confidential”)。Confidential提供现场文件和硬盘碎纸、产品销毁和纸张回收服务。Confidential在2023年大约获得190万美元的营业收入。

The Company also wants to highlight the pro forma EBITDA margin (See "Cautionary Note Regarding Non-IFRS measures") of Confidential 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.

公司还希望强调Confidential的预估的财务EBITDA利润率(请参阅“有关非IFRS措施的注意事项”)区间为40%至45%,并将此收购视为对公司现金流和每股收益的增益。

The asset acquisition includes on-site paper and hard drive shredding trucks, containers, client relationships, and other assets used in the shredding and paper recycling business.

此收购的购买价格(包括获利)预计在400万美元至500万美元之间,具体取决于实现某些财务结果。收购是通过利用公司的高级信贷设施融资的。

Kasia Pawluk, Redishred's Senior Vice President of Acquisitions, noted, "The acquisition of Confidential allows us to further densify our footprint in the New Jersey and New York area including the five boroughs of New York City. We expect to achieve routing, administrative and sales synergies as Confidential's routes significantly overlap with those of our existing locations. We want to thank Joe Villani and Joe David for their dedication to the business over the past decade and for their strong commitment to their customers. We look forward to continuing to provide the same level of excellent service to customers and we wish them all the best in their future endeavors."

Redishred的高级收购副总裁Kasia Pawluk表示:“收购Confidential让我们进一步加强了在新泽西和纽约地区,包括纽约市的五个区的业务。我们预计将实现路由,行政和销售协同效应,因为Confidential的路线与我们现有位置的路线有很大重叠。我们要感谢Joe Villani和Joe David过去十年对企业的奉献和他们对客户的强烈承诺。我们期待继续为客户提供同样水平的优质服务,并祝愿他们在未来的努力取得成功。”

The purchase price for this acquisition, including earnouts, is estimated to be between $3.2 million and $3.5 million USD, depending on the achievement of certain financial results. The acquisition was financed by utilizing the Company's senior credit facility.

此次收购的收购价,包括未来业绩的业绩分成,预计在320万至350万美元之间,取决于业绩的实现。该收购是利用公司的高级信贷设施融资的。

About Redishred

关于Redishred

Redishred Capital Corp. ("Redishred") is the owner of the PROSHRED, PROSCAN and Secure e-Cycle brands, trademarks and intellectual property in the United States. Redishred digitizes, secures, shreds and recycles confidential documents and proprietary materials for thousands of customers in the United States in all industry sectors. Redishred is a pioneer in the mobile document destruction and recycling industry and has the ISO 9001:2015 certification. It is Redishred's vision to be the 'system of choice' in providing digital retention, secure shredding and recycling services on a global basis. Redishred grants PROSHRED` and PROSCAN franchise businesses in the United States and by way of a license arrangement in the Middle East. Redishred also operates seventeen corporate businesses directly. The Company's plan is to grow its business by way of acquisition and operation of information security businesses that generate stable and recurring cash flow through a scheduled client base, continuous paper recycling and concurrent unscheduled shredding service.

Redishred Capital Corp.(“Redishred”)是PROSHRED、PROSCAN和Secure e-Cycle品牌、商标和知识产权的所有者,位于美国。Redishred为美国所有行业领域成千上万的客户数字化、保护、碎纸和回收机密文件和专有材料。Redishred是移动文件销毁和回收行业的先驱,并获得了ISO 9001:2015认证。Redishred的愿景是成为全球数字保留、安全碎纸和回收服务的“首选系统”。Redishred在美国颁发PROSHRED和PROSCAN特许经营权,并通过授权方式在中东运营。Redishred还直接运营17家公司业务。公司的计划是通过收购和运营产生稳定和可回收的现金流的信息安全业务来增长业务,同时进行持续的纸张回收和同时的非计划碎纸服务。

FOR FURTHER INFORMATION PLEASE CONTACT:

欲了解更多信息请联系:

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

Redishred Capital Corp. (tsx.v - KUT)
Jeffrey Hasham,MBA,CA,CPA
首席执行官
Jeffrey.hasham@redishred.com

Redishred致富金融(临时代码)股份有限公司(TSX-V - KUT) Harjit Brar, CPA, CA 高级副总裁兼首席财务官。 电子邮件:harjit.brar@redishred.com 电话:(437)328-6639 传真:(905)812-9448。

or,

或者

Redishred Capital Corp. (TSX.V - KUT)
Harjit Brar, CA, CPA
Chief Financial Officer
harjit.brar@redishred.com

Phone: (437) 328-6639 Fax: (905) 812-9448

Redishred Capital Corp. (tsx.v - KUT)
Harjit Brar,CA,CPA
致富金融(临时代码) - 首席财务官
harjit.brar@redishred.com

电话:(437)328-6639 传真:(905)812-9448

Note: The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

注意:TSX Venture Exchange未核准或不核准此处所包含的信息。

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 2023 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.

本新闻稿包含反映Redishred管理层当前预期的前瞻性声明,其中包括Redishred未来的结果、绩效、成就、前景和机遇。尽可能使用了诸如“可能”、“将”、“估计”、“相信”、“预期”、“打算”等表达这些前瞻性声明的词语。这些声明反映了当前的信仰,并基于Redishred管理层目前可获得的信息。

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.

前瞻性声明必然涉及已知和未知的风险和不确定性。包括在《2023管理讨论与分析》中讨论的“风险因素”等多种因素,可能使实际结果、绩效、成就、前景或机遇与前瞻性声明中讨论或暗示的结果不同。

In particular, certain statements in this document discuss Redishred's anticipated outlook of future events. These statements include, but are not limited to:

特别是,本文件中的某些语句讨论了Redishred对未来事件的预期展望,包括但不限于:

  1. 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;

  2. The realization of synergies, which may be impacted by the successful integration of operations, procedures, and personnel, and the demand for services; and

  3. 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.

  1. 增加Redishred的现金流和每股收益,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。

  2. 实现协同效应,可能会受到运营、流程和人员的成功整合以及服务需求的影响。

  3. 经过改变的以利润为基础的税前所得率,可能会受到行业增长水平、对服务的需求、地方和联邦法规的变化、美国经济形势以及实现协同效应的影响,可能会受到在美国的成功整合操作、流程、经济形势和人员的影响。

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.

读者应注意,此类前瞻性声明受到某些风险和不确定性的影响,可能导致实际结果与这些声明不一致。Redishred无法保证实际结果与其中的前瞻性声明一致。

Cautionary Note Regarding Non-International Financial Reporting Standards ("Non-IFRS") Measures

关于非国际财务报告准则(Non-IFRS)措施的注意事项

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:

本新闻稿提到了某些非IFRS标准措施,这些措施在IFRS下没有标准化的含义,因此可能无法与其他公开交易的公司提供的类似标称措施进行比较。公司将这些措施作为衡量财务绩效的手段。更具体地说,公司提到了以下非IFRS措施:

EBITDA is defined as earnings before interest, taxes, depreciation and amortization.

EBITDA被定义为利息、税金、折旧和摊销前收益。

EBITDA margin is defined as the percentage of revenue that has turned into EBITDA.

EBITDA利润率被定义为已转化为EBITDA的营业收入百分比。

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.

合并后EBITDA被定义为在所参考的公司财政期限结束的12个月内,经调整考虑所期望的成本节省和其他协同效应,所参考公司的EBITDA,就好像公司在财政期限开始时就已经收购了所参考的公司一样。

Pro forma EBITDA margin is defined as the percentage of revenue that has turned into Pro forma EBITDA.

合并后EBITDA利润率被定义为已转化为合并后EBITDA的营业收入百分比。

SOURCE: RediShred Capital Corp.

消息来源:RediShred Capital Corp。


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