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Redishred Capital Corp. Announces the Acquisition of Select Shred in Florida

Redishred Capital Corp. Announces the Acquisition of Select Shred in Florida

Redishred Capital公司宣佈收購佛羅裏達州的Select Shred
Accesswire ·  06/03 19:30

MISSISSAUGA, ON / ACCESSWIRE / June 3, 2024 / Redishred Capital Corp ("Redishred" or the "Company") (TSXV:KUT) announces the completion of the acquisition of SelectShred, Inc. ("Select Shred") effective May 31, 2024.Select Shred offers on-site paper and hard drive shredding, product destruction, and paper recycling services. Select Shred earned approximately $0.3 million USD in revenue in 2023.

Redishred Capital Corp(“Redishred”或“公司”)(TSXV:KUT)宣佈並於2024年5月31日生效完成收購SelectShred,Inc.(“Select Shred”)。Select Shred提供現場紙張和硬盤碎紙、產品銷燬和紙張回收服務。Select Shred於2023年的營業收入約爲300萬美元。

The Company also wants to highlight the pro forma EBITDA margin (See "Cautionary Note Regarding Non-IFRS measures") of Select Shred which is estimated to be in the range of 35% to 40% and views this acquisition as accretive to the Company's cash flows and earnings per share.

公司還想強調Select Shred的財務指標EBITDA利潤率(見“關於非IFRS措施的注意事項”)預計在35%至40%之間,並將此收購視爲對公司現金流和每股收益的收益。資產收購包括現場紙張和硬盤碎紙卡車、容器、客戶關係以及在碎紙和紙張回收業務中使用的其他資產。Redishred的高級收購副總裁Kasia Pawluk指出:“收購Select Shred使我們能夠在Fort Lauderdale、West Palm Beach和Port St. Lucie地區進一步增長和密集我們的足跡,並在Select Shred的路線與我們現有的Fort Lauderdale位置的重疊中實現路由和其他協同效應。我們要感謝Richard&Gloria Kinkead爲他們的客戶所建立的業務和長期的關心。我們期待着繼續爲客戶提供此項服務和關心,並祝願他們在未來的事業中一切順利。”

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.

此收購的購買價格(包括獲利)預計在400萬美元至500萬美元之間,具體取決於實現某些財務結果。收購是通過利用公司的高級信貸設施融資的。

Kasia Pawluk, Redishred's Senior Vice President of Acquisitions, noted, "The acquisition of Select Shred allows us to further grow and densify our footprint in the Fort Lauderdale, West Palm Beach and Port St. Lucie areas, and achieve routing and other synergies with the significant overlap of Select Shred's routes with our existing Fort Lauderdale location. We want to thank Richard & Gloria Kinkead for the business they have built and their long-standing care for their customers. We look forward to continuing this service and care for customers and we wish them well in their future endeavors."

關於Redishred:Redishred Capital Corp.(“Redishred”或“公司”)是PROSCAN和secure e-Cycle品牌、商標和知識產權在美國的所有者。Redishred爲美國各行業的數千名客戶數字化、安全、碎紙和回收機密文件和專有材料。Redishred的願景是成爲全球數字保留、安全碎紙和回收服務的“首選系統”。Redishred授予

The purchase price for this acquisition, including earnouts, is estimated to be between $0.4 million and $0.5 million USD, depending on the achievement of certain financial results. The acquisition was financed by utilizing the Company's senior credit facility.

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About Redishred

關於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. ("Corp")是Redishred的所有者Redishred")是Redishred的所有者PROSHRED, PROSCAN和secure e-Cycle品牌、商標和知識產權在美國。Redishred爲美國各行業的數千名客戶數字化、安全、碎紙和回收機密文件和專有材料。數字化、保護、銷燬和回收美國所有行業數以千計的客戶的機密文件和專有材料。Redishred的願景是成爲全球數字保留、安全碎紙和回收服務的“首選系統”。目前在美國超過41個市場提供服務。Redishred Capital Corp.授權Redishred授予Redishred's全球貨幣的長期業務目標是成爲全球數字保留、安全碎紙和回收服務的“首選系統”。Redishred服務業PROSHRED`和頁面。PROSCAN在美國經營特許經營業務,並通過許可安排在中東地區經營。Redishred公司的計劃是通過收購和管理產生穩定和可重複的現金流的信息安全企業,以及持續的紙張回收和同時的非計劃碎紙服務來擴大業務,並通過計劃的客戶群。

FOR FURTHER INFORMATION PLEASE CONTACT:

欲了解更多信息請聯繫:

Redishred Capital Corp. (TSX.V- KUT) Jeffrey Hasham, MBA, CA, CPA
Chief Executive Officer Jeffrey.hasham@redishred.com
Phone: (416) 849-3469Fax: (905) 812-9448

Redishred Capital Corp. (TSX.V- KUT) Jeffrey Hasham, MBA, CA, CPA
致富金融(臨時代碼)首席執行官Jeffrey.hasham@redishred.com
電話:(416) 849-3469 傳真:(905) 812-9448

or,

或者

Redishred CapitalCorp. (TSX.V - KUT) Harjit Brar, CA, CPA
Chief Financial Officer harjit.brar@redishred.com
Phone: (437) 328-6639Fax: (905) 812-9448

Redishred CapitalCorp. (TSX.V - KUT) Harjit Brar, CA, CPA
致富金融(臨時代碼)首席財務官harjit.brar@redishred.com
電話:(437) 328-6639 傳真:(905) 812-9448

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

注意:TSX Venture Exchange未覈准或不覈准此處所包含的信息。

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.

本新聞稿包含反映Redishred管理層當前預期的前瞻性聲明,其中包括Redishred未來的結果、績效、成就、前景和機遇。儘可能使用了諸如“可能”、“將”、“估計”、“相信”、“預期”、“打算”等表達這些前瞻性聲明的詞語。這些聲明反映了當前的信仰,並基於Redishred管理層目前可獲得的信息。

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.

前瞻性聲明必然涉及已知和未知的風險和不確定性。包括在《2023管理討論與分析》中討論的“風險因素”等多種因素,可能使實際結果、績效、成就、前景或機遇與前瞻性聲明中討論或暗示的結果不同。

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

特別是,本文件中的某些語句討論了Redishred對未來事件的預期展望,包括但不限於:

  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. Redishred現金流和每股收益的增加,可能受成本水平、行業增長水平、廢紙產品需求的影響,當地和聯邦法規的變化,以及美國經濟形勢的影響;
  2. 協同效應的實現,可能會受到成功整合業務、程序和人員以及服務需求的影響;以及
  3. 預計的調整後EBITDA利潤率可能會受到行業增長水平、服務需求、當地和聯邦法規的變化、美國經濟形勢以及成功整合業務、程序和人員的協同效應的影響。

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.

讀者應注意,此類前瞻性聲明受到某些風險和不確定性的影響,可能導致實際結果與這些聲明不一致。Redishred無法保證實際結果與其中的前瞻性聲明一致。

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

關於非國際財務報告準則(Non-IFRS)措施的注意事項

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:

本新聞稿提到了某些非IFRS標準措施,這些措施在IFRS下沒有標準化的含義,因此可能無法與其他公開交易的公司提供的類似標稱措施進行比較。公司將這些措施作爲衡量財務績效的手段。更具體地說,公司提到了以下非IFRS措施:

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

EBITDA被定義爲利息、稅金、折舊和攤銷前收益。

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

EBITDA利潤率被定義爲已轉化爲EBITDA的營業收入百分比。

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.

合併後EBITDA被定義爲在所參考的公司財政期限結束的12個月內,經調整考慮所期望的成本節省和其他協同效應,所參考公司的EBITDA,就好像公司在財政期限開始時就已經收購了所參考的公司一樣。

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

合併後EBITDA利潤率被定義爲已轉化爲合併後EBITDA的營業收入百分比。

SOURCE: Redishred Capital Corp.

來源:Redishred Capital Corp。


譯文內容由第三人軟體翻譯。


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