Welcome to our dedicated page for Ciscom news (Ticker: ciscf), a resource for investors and traders seeking the latest updates and insights on Ciscom stock.
About Ciscom Corp. (CISCF)
Ciscom Corp. is a dynamic player in the Information and Communication Technology (ICT) sector, specializing in AdTech and MarTech solutions. The company actively invests in, acquires, and manages small-to-medium enterprises (SMEs) with a proven track record of profitability. By leveraging strategic acquisitions, Ciscom enhances shareholder value while empowering entrepreneurs to monetize their equity and continue contributing to their businesses post-acquisition. Ciscom’s operational model focuses on fostering growth through integration, cost synergies, and innovation.
Core Business Areas
Ciscom operates within the ICT sector, targeting high-growth areas such as:
- AdTech and MarTech: Through its subsidiaries, Market Focus Direct and Prospect Media Group, Ciscom delivers data-driven marketing solutions that optimize advertising spend across multiple platforms, ensuring high return on investment (ROI) and enhanced customer engagement.
- Omni-Media Services: Ciscom provides comprehensive media solutions that integrate traditional and digital advertising strategies to maximize market reach.
- Strategic ICT Acquisitions: The company focuses on acquiring SMEs with established profitability, creating value through operational efficiencies and expanded service offerings.
Revenue Model and Financial Strategy
Ciscom generates revenue through its subsidiaries' operations and strategic acquisitions. The company employs a disciplined financial management approach, emphasizing cost reduction and operational efficiency. This strategy has resulted in consistent improvements in EBITDA and cash flows, even amid challenging economic conditions. Ciscom also leverages non-dilutive financing options, such as credit facilities, to support its mergers and acquisitions (M&A) activities.
Competitive Position
Ciscom differentiates itself in the competitive ICT market by:
- Targeting SMEs: The company focuses on smaller, profitable entities, allowing for efficient integration and rapid value creation.
- Client-Centric Approach: Ciscom prioritizes innovation and service quality, maintaining strong client relationships that drive recurring revenue.
- Operational Excellence: By retiring low-margin projects and realizing cost synergies, Ciscom achieves sustainable growth and profitability.
Challenges and Opportunities
While Ciscom faces challenges such as economic volatility and dependency on client relationships, it is well-positioned to capitalize on emerging opportunities. The company’s focus on AdTech and MarTech aligns with growing demand for data-driven marketing solutions. Additionally, its disciplined financial management and strategic acquisition strategy provide a robust foundation for long-term growth.
Subsidiaries and Strategic Initiatives
Ciscom’s subsidiaries, Market Focus Direct and Prospect Media Group, play a pivotal role in its operations. These entities specialize in omni-media and data-driven marketing, enhancing Ciscom’s service offerings and market reach. The company’s strategic initiatives include expanding its ICT portfolio, optimizing operational efficiencies, and exploring new acquisition opportunities to diversify revenue streams.
Commitment to Shareholder Value
With a focus on operational excellence and innovation, Ciscom is committed to building shareholder value. The company’s disciplined approach to financial management, combined with its strategic acquisitions, positions it as an emergent force in the ICT sector.
Ciscom Corp. (CSE: CISC) (OTCQB: CISCF) has issued 250,000 options to purchase common shares to each of its new directors, Stephen Lautens and Angel Valov. These options were granted under the Company's stock option plan, vested immediately, and are exercisable at $0.10 per share for five years. The full stock option plan is available on SEDAR+.
Ciscom Corp. (CSE: CISC, OTCQB: CISCF) has changed its auditor from SRCO Professional to McGovern Hurley LLP, effective June 12, 2024. The change was approved by the board of directors and the audit committee. The previous auditor, SRCO Professional , had no reservations, modified opinions, or reportable events related to its audits of the company. The necessary documents regarding the change have been reviewed and approved, and filed through SEDAR+.
Ciscom Corp. (CSE: CISC; OTCQB: CISCF), a company specializing in investments, acquisitions, and management within the Information and Communication Technology sector, has scheduled its Annual and Special Meeting of Shareholders for August 20, 2024.
Only shareholders of record as of July 2, 2024, will be eligible to vote at the meeting. Meeting materials will be accessible on the company's website and its SEDAR+ profile.
Further announcements will be made in due time. For more information, shareholders are encouraged to contact the company directly.
On May 23, 2024, Ciscom Corp. (CSE: CISC, OTCQB: CISCF) provided updates on its shareholdings and business developments. Concerns were raised about DLT Resolution Inc.'s alleged share ownership, which was deemed unqualified and unlawful. Despite DLT's May 3, 2024 announcement to unwind share exchanges, Ciscom reported that DLT still held shares. Ciscom continues to focus on its core business in the ICT sector, reporting strong Q1 2024 results. New board members, Stephen Lautens and Angel Valov, were added to bolster business growth and governance.
Ciscom Corp. (CSE: CISC, OTCQB: CISCF) has appointed Angel V. Valov and Stephen Lautens to its board of directors. Valov, with over 15 years’ experience in risk management and institutional money management, and Lautens, a seasoned executive in communications, business development, and investor relations, bring valuable expertise to the board. Lautens was involved in the successful sale of Inter-Citic Minerals for $260 million. Valov has worked with major financial institutions like Polar Asset Management and Scotiabank. Ciscom aims to leverage their experience to grow its portfolio in the Information and Communication Technology sector. Julia Robinson has resigned from her role as a non-executive director due to personal and professional priorities.
Ciscom Corp. reported steady financial growth in the first quarter of 2024, with revenues increasing to $7.4 million, up 1.6% year-over-year. Gross profit also rose to $1.4 million, a 7.4% increase, with improved margins of 19.2%. The company achieved a cash-adjusted operating profit (EBITDA) of $0.253 million, showcasing a significant improvement from the previous year. Despite a net loss of $0.259 million, Ciscom generated positive cash flows of $0.675 million. The company remains in good standing with banking partners and is focused on further growth through strategic acquisitions and client-centric services.
DLT Resolution Inc., a publicly traded acquisition company, provided an update on its share exchange transactions with Ciscom Corp., aiming to consolidate ownership but later unwinding due to regulatory issues. DLT issued shares to Concerned Shareholders and entered new agreements with Subject Shareholders. The company focuses on growth initiatives and aligning with disenfranchised shareholders. DLT's ownership position in Ciscom changed from 42.05% to 0%. The closing price per Ciscom common share was $0.09.
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