Ciscom Comments on Perspective of the Current Economic Environment
Ciscom Corp (CSE: CISC, OTCQB: CISCF), an ICT sector investment company specializing in AdTech and MarTech, has announced that a significant client representing 15.7% of its 2024 gross profit has filed for protection under the Companies' Creditors Arrangement Act (CCAA).
Despite this challenge, the company maintains good standing with its banking partners and emphasizes its commitment to financial management and governance standards. CEO Michel Pepin acknowledged the stress in the retail industry economic environment and potential trade disputes with the USA, stating that Ciscom continuously explores new revenue opportunities to offset changing revenue sources.
Ciscom Corp (CSE: CISC, OTCQB: CISCF), una società di investimento nel settore ICT specializzata in AdTech e MarTech, ha annunciato che un cliente significativo, che rappresenta il 15,7% del suo profitto lordo per il 2024, ha richiesto la protezione ai sensi della Legge sulle disposizioni per i creditori delle società (CCAA).
Nonostante questa sfida, l'azienda mantiene una buona posizione con i suoi partner bancari e sottolinea il proprio impegno nella gestione finanziaria e negli standard di governance. Il CEO Michel Pepin ha riconosciuto lo stress nell'ambiente economico del settore retail e le potenziali dispute commerciali con gli USA, affermando che Ciscom esplora continuamente nuove opportunità di guadagno per compensare le fonti di reddito in cambiamento.
Ciscom Corp (CSE: CISC, OTCQB: CISCF), una empresa de inversión del sector TIC especializada en AdTech y MarTech, ha anunciado que un cliente significativo que representa el 15,7% de su beneficio bruto en 2024 ha solicitado protección bajo la Ley de Arreglo de Acreedores de Empresas (CCAA).
A pesar de este desafío, la empresa mantiene buenas relaciones con sus socios bancarios y enfatiza su compromiso con la gestión financiera y los estándares de gobernanza. El CEO Michel Pepin reconoció la presión en el entorno económico del sector minorista y las posibles disputas comerciales con EE.UU., afirmando que Ciscom explora continuamente nuevas oportunidades de ingresos para compensar las fuentes de ingresos cambiantes.
Ciscom Corp (CSE: CISC, OTCQB: CISCF)는 AdTech 및 MarTech에 특화된 ICT 분야의 투자회사로, 2024년 총 이익의 15.7%를 차지하는 주요 고객이 기업채권자 전속법(CCAA)에 따른 보호를 신청했다고 발표했습니다.
이러한 도전에도 불구하고 회사는 은행 파트너와의 좋은 관계를 유지하고 있으며, 재무 관리 및 거버넌스 기준에 대한 의지를 강조합니다. CEO 미셸 페팽은 소매 산업의 경제 환경에서의 압박과 미국과의 잠재적 무역 분쟁을 인정하며, Ciscom이 변동하는 수익원에 대응하기 위해 지속적으로 새로운 수익 기회를 탐색하고 있다고 말했습니다.
Ciscom Corp (CSE: CISC, OTCQB: CISCF), une société d'investissement dans le secteur des TIC spécialisée dans l'AdTech et le MarTech, a annoncé qu'un client significatif représentant 15,7% de son bénéfice brut pour 2024 a déposé une demande de protection en vertu de la Loi sur l'arrangement des créanciers des sociétés (LACC).
Malgré ce défi, l'entreprise maintient une bonne relation avec ses partenaires bancaires et souligne son engagement à respecter les normes de gestion financière et de gouvernance. Le PDG Michel Pepin a reconnu le stress dans l'environnement économique du secteur de la vente au détail et les éventuels conflits commerciaux avec les États-Unis, affirmant que Ciscom explore en permanence de nouvelles opportunités de revenus pour compenser les sources de revenus en évolution.
Ciscom Corp (CSE: CISC, OTCQB: CISCF), ein im ICT-Sektor tätiges Investitionsunternehmen, das sich auf AdTech und MarTech spezialisiert hat, hat bekannt gegeben, dass ein bedeutender Kunde, der 15,7% seines Bruttoeinkommens für 2024 ausmacht, einen Antrag auf Schutz nach dem Unternehmensgläubigerregelungsgesetz (CCAA) gestellt hat.
Trotz dieser Herausforderung hält das Unternehmen gute Beziehungen zu seinen Bankpartnern und betont sein Engagement für finanzielle Verwaltung und Governance-Standards. CEO Michel Pepin erkannte den Druck im wirtschaftlichen Umfeld der Einzelhandelsbranche und potenzielle Handelsstreitigkeiten mit den USA an und erklärte, dass Ciscom kontinuierlich neue Einnahmemöglichkeiten erkundet, um sich an veränderte Einnahmequellen anzupassen.
- Maintains good standing with banking partners
- Actively pursuing new acquisition opportunities
- Loss of major client representing 15.7% of 2024 gross profit
- Exposure to stressed retail industry environment
- Potential impact from US trade disputes
Toronto, Ontario--(Newsfile Corp. - February 5, 2025) - Ciscom Corp. (CSE: CISC) (OTCQB: CISCF) ("Ciscom" or the "Company"), which actively invests in, acquires, and manages companies within the Information and Communication Technology ("ICT") sector with a specialty in AdTech and MarTech, provides an update and its perspective on the current economic environment.
Ciscom reports that a client of one of the Company's subsidiaries has filed for protection under the Companies' Creditors Arrangement Act (CCAA). This client represented
"The retail industry economic environment has been under stress for some time, and the prospect of a trade dispute with the United States of America must be taken seriously," said Michel Pepin, President and CEO of Ciscom. "As part of our business model, Ciscom is constantly exploring new opportunities to increase and replace changing sources of revenue."
About Ciscom Corp.
Ciscom actively invests in, acquires, and manages market leading companies within the Information and Communication Technology (ICT) sector, with a specialty in AdTech and MarTech, targeting SMEs with proven profitability. This approach allows entrepreneurs to monetize their equity and continue contributing, enhancing shareholder value through acquisitions. As a leader in omni-media, particularly in data-driven marketing, Ciscom, through its subsidiaries, optimizes advertising spend across platforms, ensuring high ROI and customer engagement. Strategic ICT acquisitions bolster service offerings and shareholder value, marking Ciscom as an emergent force in the data driven and technology market. Ciscom became an issuer in June 2023 on the CSE and October 2023 on the OTCQB. Ciscom has two subsidiaries, namely Market Focus Direct and Prospect Media Group. For more information, visit http://www.ciscomcorp.com.
CONTACT INFORMATION
Michel Pepin
President & CEO, Director
mpepin@ciscomcorp.com
@CiscomCorp
Cautionary Statement
This news release contains certain statements that constitute forward-looking statements as they relate to Ciscom and its management. Forward-looking statements are not historical facts but represent management's current expectation of future events and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "should", "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct or will come to pass. Forward-looking statements include statements and information regarding any anticipated investing in or acquisition of additional companies in the ICT sector, the Client's CCAA proceedings and any expected outcome thereof, the ability of the Company to recover all or any part of the outstanding receivables owed to it by the Client, the anticipated development or trend of the capital markets and the size of corporate entities such markets may favour, any expected opportunities which may become available to Ciscom, including acquisition opportunities, and the ability or choice of Ciscom to avail itself thereof, any expected competitive advantage which Ciscom may have, any expected increase of or change in shareholder value, any expected continuance of Ciscom's relations with its banking and other business partners and any expected maintenance of the quality thereof, the quality and continuance of Ciscom's financial management and governance standards, expectations of operational excellence, expectations of optimized advertising spend, high returns on investments for customers and high levels of customer engagement, future expectations of growth and profits, future grants of equity incentive awards, future payments of dividends, the future plans for the Company, and other forward-looking information.
By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions, or events to differ materially from those in the forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: general commercial risks inherent to operating non-manufacturing businesses; the outcome of the Client's proceedings under the CCAA and the effect of the same on the Company; the capital requirements of the Company and ability to maintain adequate capital resources to carry out its business activities; the ability to identify ICT target acquisitions and complete such transactions on an economic basis or at all, and successfully integrate those businesses; the ability to convert the potential in the pursued business opportunities to tangible benefits to the Company or its shareholders; risks of a material adverse change to the Company's assets or revenue; stock market, interest rate and debt market volatility; changing capital market valuations; the ability of the Company to continue as a going concern; dependence on key personnel; the Company's early stage of development; potential losses on investments; unstable and potentially negative economic conditions; fluctuations in interest rates; competition for investments within the ICT sector; maintenance of client relationships; maintaining a listing on the Canadian Securities Exchange; risks related to potential dilution in the event of future financings; no previous public market for the shares; volatility of the market price for the Company's securities; audit risk; litigation risk and risk of future legal proceedings; jurisdictional and regulatory risk; lack of operating cash flow; volatility; additional funding requirements; adverse general economic conditions; competition; conflicts of interest; the early stage of Ciscom's business; income tax matters; availability and terms of financing; rising costs related to inflation; and effects of market interest on price of securities and potential dilution; and those factors detailed in the Company's prospectus dated June 5, 2023 and other public documents filed under Ciscom's profile at www.sedarplus.ca. Ciscom has also assumed that no significant events occur outside of Ciscom's normal course of business.
Ciscom cautions that the foregoing list of factors is not exhaustive. In addition, although Ciscom has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on Ciscom's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Ciscom has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Ciscom as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Ciscom does not undertake to update this information at any particular time except as required in accordance with applicable laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239832
FAQ
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