COSTAS INC - CSSI STOCK NEWS

Costas, Inc. (CSSI) files annual report for FYE 2023, marking significant growth and revenue milestone. The company also successfully rescinds a 10-year-old cease trade order in Canada, opening new investment opportunities. Standard Dental Labs Inc. aims to expand through acquisitions and consolidate its position in the dental industry.

Standard Dental Labs Inc., a subsidiary of Costas, Inc. (CSSI), has launched a retirement succession program to help dental lab owners secure a prosperous retirement. With a significant portion of baby boomer dental lab owners lacking a succession plan, this initiative aims to preserve and enhance the $10B annual revenue generated by dental labs in the United States. The program offers a smooth transition process, financial incentives, and operational efficiencies for dental lab owners looking to retire, ensuring the continuity and financial security of their businesses.

Costas, Inc. (CSSI) Announces Strategic Expansion in Response to Surging Growth of Florida's Dental Sector. Standard Dental Labs Inc. (SDL) is strategically positioning itself to capitalize on the flourishing market, aiming for sustained success and prominence in the ever-expanding dental landscape. Florida's population growth and high employment rate create increased demand for dental services, which SDL is committed to meeting. The company also emphasizes its contribution to the employment landscape by creating job opportunities and fostering professional development within the state. SDL's commitment to employee satisfaction and comprehensive dental coverage positions Costas, Inc. as an employer of choice in a competitive job market. As a leading dental lab, SDL remains focused on delivering innovative and high-quality dental products and services to meet the growing demand for dental solutions in Florida.

Costas, Inc. (OTC PINK: CSSI), doing business as Standard Dental Labs Inc. (SDL), has shown gross profit margins of over 40% in the past 4 quarters. The company manufactures dental implants, prosthetics, and other dental lab services. SDL plans to acquire similar dental labs in the Orlando area for business growth.

Costas, Inc. (CSSI), operating as Standard Dental Labs, is actively pursuing acquisitions of dental labs in Orlando following its successful acquisition of Prime Dental Lab in August 2022. With an aim to consolidate these facilities into a "Mega Lab," the company has resumed discussions with interested lab owners. Recent communications indicate that five additional lab owners are eager to negotiate with Standard Dental Labs. CEO James Brooks highlights the opportunity presented by retiring baby boomers, stating that many own dental labs. The strategic goal is to grow through acquisitions and expand revenue in the increasingly consolidating dental industry.

ORLANDO, FL / ACCESSWIRE / January 31, 2023 / Costas, Inc. (OTC PINK:CSSI) reflects on 2022 milestones post-CEO James Brooks' appointment. Key achievements include acquiring assets from Standard Dental Labs in March 2022, establishing a focus on acquiring cash-flowing dental labs, and generating its first revenue in 20 years following the Prime Dental Lab acquisition. The dental lab market is valued at $10B in the U.S., and CSSI aims to purchase up to 20 labs in 2023. The company plans to consolidate operations in Orlando, ensuring future revenue growth while emphasizing the need for a strong management team to support its expansion strategy.

Costas, Inc. (OTC PINK:CSSI) reports Q3 2022 gross revenues of $44,770, attributed to its acquisition of assets from Prime Dental Labs effective September 1, 2022. This marks the Company's first revenues under new management. The company has also filed a supplemental notice indicating it is no longer a 'Shell Company.' Furthermore, it aims to acquire additional dental labs in Orlando, positioning itself in a US dental lab market projected at $10B, with plans for consolidation into larger operational facilities.

Costas, Inc. (CSSI) has engaged an Independent Registered Public Accounting Firm to audit its financial results for the fiscal years 2021 and 2020, and for the six-month interim periods ending June 30, 2022, and 2021. This follows the recent agreement to acquire Prime Dental Lab LLC's assets. The audits will adhere to US GAAP, focusing on revenue recognition. The company aims to become a fully reporting issuer with the SEC and plans to complete audits to file a Form S-1 Registration. The dental lab market is expected to grow to $43.5 billion by 2028, presenting acquisition opportunities for CSSI.

Costas, Inc. (OTC PINK:CSSI) has finalized an agreement to acquire Prime Dental Lab, LLC, an Orlando-based dental lab with over a decade of operation and 2021 unaudited gross revenue surpassing $600,000. The deal, valued at $700,000, will be executed through a mix of cash and registered shares, with shares held in escrow for two years. This acquisition aligns with CSSI's strategy to consolidate dental labs for operational efficiencies within the $10B U.S. dental lab market, focusing on cash-flowing and profitable businesses.