DATA Communications Management Corp. Named to 2024 OTCQX Best 50 List of Top Performing Companies

Rhea-AI Summary

DATA Communications Management Corp. (DCMDF) has been named to the 2024 OTCQX Best 50, ranking fifth based on its 2023 performance. The company's President and CEO, Richard Kellam, highlighted the transformative year, including the acquisition of Moore Canada Corporation, which added significant scale to the business and generated interest from the capital markets. The OTCQX Best 50 ranking is based on one-year total return and average daily dollar volume growth, reflecting the company's strong performance in 2023.

DCM Earns Fifth Place Ranking Based on 2023 Performance

BRAMPTON, Ontario--(BUSINESS WIRE)-- DATA Communications Management Corp. (OTCQX: DCMDF; TSX: DCM) (“DCM” or the “Company”), a leading provider of marketing and business communication solutions to companies across North America, today announced it has been named to the 2024 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market in 2023. DCM earned a fifth place ranking on the Best 50 list.

“We are pleased to be recognized by the OTCQX Best Market as the fifth top performing company in its annual ranking,” said Richard Kellam, President, and CEO of DCM. “2023 was a transformative year for our company highlighted by the acquisition of Moore Canada Corporation which added significant scale to our business and positions DCM for sustainable long-term success and value creation. The transaction also generated significant interest from the capital markets and liquidity in our shares.”

The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2024 OTCQX Best 50 were ranked based on their performance in 2023.

For the complete 2024 OTCQX Best 50 ranking, visit

https://www.otcmarkets.com/files/2024_OTCQX_Best_50.pdf

The OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S. and global companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

ABOUT DATA COMMUNICATIONS MANAGEMENT CORP.

DCM is a marketing and business communications partner that helps companies simplify the complex ways they communicate and operate, so they can accomplish more with fewer steps and less effort. DCM serves major brands in vertical markets including financial services, retail, healthcare, energy, other regulated industries, and the public sector. We integrate seamlessly into our clients’ businesses thanks to our deep understanding of their needs, transformative tech-enabled solutions, and end-to-end service offering. Whether we’re running technology platforms, sending marketing messages, or managing print workflows, our goal is to make everything surprisingly simple.

Additional information relating to DATA Communications Management Corp. is available on www.datacm.com, and in the disclosure documents filed by DATA Communications Management Corp. on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

FORWARD-LOOKING STATEMENTS

Certain statements in this press release constitute “forward looking” statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, objectives or achievements of DCM, or industry results, to be materially different from any future results, performance, objectives or achievements expressed or implied by such forward looking statements. When used in this press release, words such as “may”, “would”, “could”, “will”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan”, and other similar expressions are intended to identify forward-looking statements. These statements reflect DCM’s current views regarding future events and operating performance, are based on information currently available to DCM, and speak only as of the date of this press release.

These forward-looking statements involve a number of risks, uncertainties and assumptions and should not be read as guarantees that future performance or results will be achieved. Many factors could cause the actual results, performance, objectives or achievements of DCM to be materially different from any future results. Additional factors are discussed under the headings “Liquidity and capital resources” and “Risks and Uncertainties” in DCM’s management’s discussion and analysis, annual information form, and other publicly available disclosure documents, as filed by DCM on SEDAR (www.sedar.com).

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described in this presentation as intended, planned, anticipated, believed, estimated or expected. Unless required by applicable securities law, DCM does not intend and does not assume any obligation to update these forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240118839766/en/

Mr. Richard Kellam

President & Chief Executive Officer

DATA Communications Management Corp.

(905) 791-3151

Mr. James E. Lorimer

Chief Financial Officer

DATA Communications Management Corp.

(905) 791-3151

ir@datacm.com

Source: DATA Communications Management Corp.

FAQ

What is the ranking of DCMDF in the 2024 OTCQX Best 50?

DCMDF earned a fifth place ranking on the OTCQX Best 50 list based on its 2023 performance.

What factors contributed to DCMDF's strong performance in 2023?

The company's strong performance in 2023 was attributed to the transformative year, including the acquisition of Moore Canada Corporation, which added significant scale to the business and generated interest from the capital markets.

How is the OTCQX Best 50 ranking calculated?

The OTCQX Best 50 ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year.