Ciscom - CISCF STOCK NEWS

Paul Gaynor has increased his holdings in Ciscom Corp through a significant private placement transaction on December 23, 2024. The acquisition involved 3,375,000 units, each comprising one common share and one warrant. Following the transaction, Gaynor's total ownership increased from 21.6% to 29.2% of outstanding shares on a partially diluted basis. Of his total holdings, 16,734,575 shares, options, and warrants are held through Whittaker Inc, a company under his control. The transaction was part of a previously announced private placement from November 12.

Ciscom Corp (CSE: CISC, OTCQB: CISCF) has engaged Phoenix Corporate Finance to secure non-dilutive financing facilities to support its M&A activities in the ICT sector. The arrangement includes a $2.88 million senior term loan with a two-year term and a $10 million renewable acquisition financing facility with a one-year term. Both facilities require no principal repayment until maturity.

The company, which focuses on AdTech and MarTech investments, aims to leverage these lower-cost funding options while waiting for more favorable capital market conditions. Ciscom maintains good standing with its banking partners and continues to pursue its growth strategy through new acquisitions and operational excellence.

Paul Gaynor disclosed his holdings and transactions in Ciscom Corp. As of Ciscom's public listing on June 8, 2023, he held 11,056,333 shares and options, representing 21.4% ownership on a partially diluted basis. Through Whittaker Inc., his controlled company, he held 9,616,000 shares. On June 30, 2023, he acquired 100 additional shares on the CSE. Currently, Gaynor controls 11,616,868 shares and options (21.6% ownership), with 9,984,575 shares held through Whittaker Inc. He has committed to purchasing up to 3,375,000 units in Ciscom's private placement, each unit including one share and one warrant.

David Mathews has filed a late early warning report regarding his holdings in Ciscom Corp. Following Ciscom's public listing on June 8, 2023, Mathews held 7,633,889 shares (14.9% ownership), with 3,816,944 shares held by his spouse. On March 4, 2024, he received 150,000 stock options, and on March 13, 2024, he and his spouse acquired an additional 2,000,000 shares through an earn-out clause. Currently, Mathews controls 9,871,889 shares and options (18.4% ownership), with 4,816,944 shares held by his spouse. He has committed to purchasing up to 937,500 units in Ciscom's private placement financing.

Ciscom Corp reported strong financial results for Q3 2024, with revenue increasing by 20.6% to $25.9 million compared to $21.5 million in the same period last year. The company's gross profit rose by 13% to $4.7 million, while EBITDA significantly improved to $1.1 million, a 158% increase from 2023. Despite reporting a net loss of $0.3 million, this represents an $0.8 million improvement from the previous year. The company's cost reduction initiatives saved $0.6 million annually, and operations generated positive cash flows of $1.4 million in the first nine months of 2024.

Ciscom Corp. (CSE: CISC) (OTCQB: CISCF), an ICT investment company focusing on AdTech and MarTech, has announced key leadership changes. Michel Pepin, previously President & CFO, has been appointed President and Chief Executive Officer. Frank Linhart, formerly with Prospect Media Group (PMG), a Ciscom subsidiary, has been named Chief Financial Officer.

The Board expressed confidence in these promotions, viewing them as important for Ciscom's growth and shareholder value. Mr. Pepin, with Ciscom since its inception, will focus on the company's M&A mandate. Mr. Linhart will maintain his role as VP Finance and Administration at PMG alongside his new CFO duties.

As part of their new agreements, Ciscom issued 675,000 stock options to Pepin and Linhart, exercisable at $0.10 per share for five years. Additionally, Tracy Hughes has resigned from the Board of Directors to focus on her business, InvestorNews.com.

Ciscom Corp. (CSE: CISC) (OTCQB: CISCF), an ICT sector investment and management company, has signed an advisory agreement with MapleGrow Capital Inc. Under the terms, Ciscom will compensate MapleGrow with a monthly payment of $3,000 in cash and $1,500 in common shares, plus HST. The share price will be based on the 10-day volume-weighted average closing price on the Canadian Securities Exchange for the month of service. This agreement aims to provide Ciscom with general business advisory services, potentially supporting its growth and acquisition strategies in the ICT sector.

Ciscom Corp. (CSE: CISC) (OTCQB: CISCF), an ICT sector investment company, held its Annual General and Special Meeting on August 20, 2024, with strong shareholder support. Shareholders approved all proposed matters, including re-electing seven board members, appointing auditors, and approving the shareholder rights plan. 31,170,005 common shares were represented out of 53,563,833 outstanding shares. Directors were re-elected with 97-100% approval, while other matters received 99-100% approval.

Michel Pepin, President, CFO, and Director, highlighted the company's improved financial position, citing increased sales, gross profit, reduced expenses, and positive cash flows from operations. He emphasized Ciscom's readiness to capitalize on opportunities and execute its acquisitions mandate.

Ciscom Corp. (CSE: CISC) (OTCQB: CISCF) reported significant revenue growth in the first half of 2024. Key highlights include:

- Q2 2024 revenues increased 42.8% to $9.9 million
- First half 2024 revenues up 21.7% to $17.3 million
- Q2 2024 gross profit rose 29.1% to $1.8 million
- First half 2024 gross profit increased 19.5% to $3.2 million
- Q2 2024 EBITDA improved to $0.529 million, a 453% growth
- First half 2024 EBITDA reached $0.782 million, up from a $0.050 million loss in 2023
- Net loss for first half 2024 improved to $0.186 million from $1.065 million in 2023
- Positive cash flows from operations of $0.814 million in first half 2024

The company achieved over 20% organic revenue growth while reducing operating expenses by 12%, demonstrating operational efficiency and positioning for future acquisitions.