Everyday People Financial Announces Major Growth in RCM Client Base, Supporting Growth Strategy
Everyday People Financial Corp. (EPFCF) reports significant expansion in its Revenue Cycle Management (RCM) business, with five existing key client relationships expanded and three new client relationships established since Q2 2024. This growth follows the strategic acquisitions of General Credit Services, Groupe Solution Collect Solu, and Everyday People Financial Solutions.
The expanded client base represents a 70% increase in RCM clients, building on the recent CCS Group Holdings acquisition in November 2024. While specific client details remain confidential, these performance-based relationships are expected to generate substantial revenue growth based on historical performance.
The company also reports the issuance of 120,000 common shares through RSU redemptions, bringing total outstanding shares to 118,654,361.
Everyday People Financial Corp. (EPFCF) riporta un'espansione significativa nel suo settore di Revenue Cycle Management (RCM), con cinque relazioni chiave esistenti ampliate e tre nuove relazioni con clienti stabilite dal secondo trimestre del 2024. Questa crescita segue le acquisizioni strategiche di General Credit Services, Groupe Solution Collect Solu, e Everyday People Financial Solutions.
La base clienti ampliata rappresenta un aumento del 70% dei clienti RCM, costruendo sull'acquisizione recente di CCS Group Holdings avvenuta a novembre 2024. Pur mantenendo riservati i dettagli specifici dei clienti, si prevede che queste relazioni basate sulle performance genereranno una crescita sostanziale dei ricavi basata sulle performance storiche.
L'azienda riporta anche l'emissione di 120.000 azioni ordinarie attraverso il riscatto di RSU, portando il totale delle azioni in circolazione a 118.654.361.
Everyday People Financial Corp. (EPFCF) informa sobre una expansión significativa en su negocio de Revenue Cycle Management (RCM), con cinco relaciones clave existentes ampliadas y tres nuevas relaciones con clientes establecidas desde el segundo trimestre de 2024. Este crecimiento sigue a las adquisiciones estratégicas de General Credit Services, Groupe Solution Collect Solu, y Everyday People Financial Solutions.
La base de clientes ampliada representa un aumento del 70% en los clientes de RCM, construyendo sobre la reciente adquisición de CCS Group Holdings en noviembre de 2024. Si bien los detalles específicos de los clientes permanecen confidenciales, se espera que estas relaciones basadas en el rendimiento generen un crecimiento sustancial de los ingresos basados en el rendimiento histórico.
La empresa también informa sobre la emisión de 120,000 acciones ordinarias a través de redenciones de RSU, llevando el total de acciones en circulación a 118,654,361.
Everyday People Financial Corp. (EPFCF)는 수익 주기 관리(Revenue Cycle Management, RCM) 사업에서 중요한 확장을 보고하며, 2024년 2분기 이후에 기존의 주요 고객 관계를 다섯 개 확대하고 세 개의 새로운 고객 관계를 구축했습니다. 이러한 성장은 General Credit Services, Groupe Solution Collect Solu, 그리고 Everyday People Financial Solutions에 대한 전략적 인수 이후 발생했습니다.
확대된 고객 기반은 RCM 고객이 70% 증가했음을 나타내며, 이는 2024년 11월 CCS Group Holdings의 인수를 기반으로 하고 있습니다. 특정 고객의 세부 사항은 기밀로 유지되지만, 이러한 성과 기반 관계는 역사적 성과를 바탕으로 실질적인 수익 성장을 생성할 것으로 예상됩니다.
회사는 또한 RSU 상환을 통해 120,000주의 보통주를 발행했다고 보고하며, 총 발행 주식 수는 118,654,361주에 이릅니다.
Everyday People Financial Corp. (EPFCF) rapporte une expansion significative de son activité de gestion du cycle de revenus (RCM), avec cinq relations clés existantes élargies et trois nouvelles relations avec des clients établies depuis le deuxième trimestre 2024. Cette croissance fait suite aux acquisitions stratégiques de General Credit Services, Groupe Solution Collect Solu et Everyday People Financial Solutions.
La base de clients élargie représente une augmentation de 70% des clients RCM, s'appuyant sur la récente acquisition du CCS Group Holdings en novembre 2024. Bien que les détails spécifiques des clients restent confidentiels, ces relations fondées sur la performance devraient générer une croissance substantielle des revenus basée sur les performances historiques.
L'entreprise rapporte également l'émission de 120 000 actions ordinaires par le biais de rachats d'RSU, portant le total des actions en circulation à 118 654 361.
Everyday People Financial Corp. (EPFCF) berichtet über eine signifikante Expansion in ihrem Bereich des Revenue Cycle Management (RCM), mit fünf bestehenden Schlüsselclient-Beziehungen, die erweitert wurden, und drei neuen Kundenbeziehungen, die seit dem 2. Quartal 2024 aufgebaut wurden. Dieses Wachstum folgt den strategischen Akquisitionen von General Credit Services, Groupe Solution Collect Solu und Everyday People Financial Solutions.
Die erweiterte Kundenbasis entspricht einem 70%-igen Anstieg der RCM-Kunden und basiert auf der kürzlichen Akquisition der CCS Group Holdings im November 2024. Während die spezifischen Kundendetails vertraulich bleiben, wird erwartet, dass diese leistungsbasierten Beziehungen ein erhebliches Umsatzwachstum auf Grundlage der historischen Leistungen generieren.
Das Unternehmen berichtet außerdem über die Ausgabe von 120.000 Stammaktien durch RSU-Einlösungen, wodurch die Gesamtanzahl der ausgegebenen Aktien auf 118.654.361 ansteigt.
- 70% increase in RCM client base through expansion of existing relationships and new clients
- Strategic growth through multiple successful acquisitions in RCM sector
- Record-setting financial performance in 2024 as per Q3 report
- None.
Edmonton, Alberta--(Newsfile Corp. - December 10, 2024) - Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) ("Everyday People" or the "Company"), a financial services provider, is excited to announce that in 2024 the Company expanded five of its existing key client relationships through existing service agreements and attained three new client relationships since Q2 2024 through new service agreements, under its Revenue Cycle Management ("RCM") business pillar for collection and consumer solution services. These existing and new client expansions are underpinned by the Company's previously announced acquisitions of General Credit Services Inc. ("General Credit") on December 8, 2022, Groupe Solution Collect Solu Inc. ("Groupe") on March 20, 2023, and Everyday People Financial Solutions ("EPFS" formerly Arvato Financial Solutions Limited) on October 2, 2023, including its subsidiary BPO Collections Limited ("BPO"). These expanded client relationships in 2024 underscore the strength of the Company's service offerings and are expected to drive substantial growth in this core area of the business.
While specific client names and terms of their agreements cannot be disclosed due to confidentiality agreements, the financial impact of these expanded existing and new client relationships are anticipated to add significant value to the Company. While the expanded existing and new client relationships are performance based with revenues being driven by both collection performance and quality of service provided, they are anticipated to generate revenue growth based on historical performance results. The expansion in existing and new clients is in addition to the recent CCS Group Holdings Limited acquisition completed in early November 2024 and represents an anticipated increase of nearly
"Our focus on delivering innovative and cost-effective solutions continues to resonate with organizations seeking value-driven client relationships," said Graham Rankin, Co-CEO of Revenue Cycle Management. "The expansion of these existing and new clients solidifies Everyday People's position as a trusted leader in RCM services and sets the stage for even greater success in 2025 and beyond."
The expansion of the Company's existing and new client base follows record-setting financial performance results in 2024, as detailed in the Company's recent Q3 report filed on SEDAR+. Everyday People continues to build momentum across its two main business pillars—Revenue Cycle Management and Financial Services.
The Company is committed to empowering individuals and businesses alike with tailored financial solutions. With an expanding and new collection services client base and a dedicated team of experts, the Company is well-positioned to deliver sustainable growth and create long-term value for its stakeholders.
Redemption of Restricted Share Units and Issuance of Common Shares in Connection with Agreement
On December 9, 2024, the Company issued an aggregate of 120,000 common shares in the capital of the Company pursuant to the redemption of Restricted Share Units ("RSUs"), of which RSUs were initially issued to two officers of the Company on November 22, 2023. Following the issuance of common shares in connection with the RSU redemptions the Company now has 118,654,361 issued and outstanding common shares.
Business Pillars Update
Revenue Cycle Management
Everyone deserves a second chance to financially reestablish themselves. We are changing the way revenue cycle management agencies work by enhancing our services with affordable financial products and literacy programs while achieving optimal receivables management for our clients. We are proud to lead the industry with innovative and leading-edge technologies for seamless processes because we know it puts our customers' needs at the heart of our business.
In 2008, we began the practice of requiring our United Kingdom RCM customers to complete a vulnerability and affordability assessment to help customers establish appropriate payment plans to fit within their cash flow and other financial commitments. This resulted in long-term, solid relationships with our customers which has successfully benefited both our RCM customers and our receivables clients. Our intentions are to establish the same operating practices in Canada in 2025.
RCM operates under the companies: BPO Collections ("BPO"), Everyday People Financial Solutions ("EPFS"), General Credit Services ("GCS"), Groupe Solution Collect ("Groupe") and Commercial Collection Services ("CCS"). The combined companies have been serving companies and everyday people for over 75 years across the United Kingdom and Canada for both the public and private sectors.
Financial Services
Everyone deserves access to responsible credit. Everyday People Financial Services operates primarily on a fee-for-service model, generating revenue from financial services and card fees. As a credit facilitator and program manager, Everyday People helps businesses and government agencies coordinate with card networks, credit bureaus, and banks to implement customized payment card and credit access programs. Additionally, Everyday People offers its own unique B2C card and credit access programs.
Our financial products and services are meticulously crafted and frequently tailored to meet the unique needs of our clients who are serving everyday people, everyday. Our customer support is bolstered by the collective 75 years of experience and advanced technology from our RCM division. This fusion of expertise allows Everyday People to enhance access to responsible credit, promote financial wellness, facilitate homeownership, enable efficient health spending, streamline procurement and support supply chains across Canada, the United Kingdom and the United States.
About Everyday People Financial Corp.
Everyday People is founded on the belief that everyone deserves a second chance to financially re-establish themselves with access to affordable credit products. We are changing the way people manage money by enhancing our client services with our own affordable and specialized financial products and literacy programs. We're helping everyday people rebuild their financial health for generational wealth.
With operations first established in 1988, the company operates two pillars of business: one pillar, Revenue Cycle Management ("RCM") operates under our Co-CEO, Graham Rankin, and the second pillar, EP Financial Services ("EP") operates under our Co-CEO, Barret Reykdal. Our combination of companies, products and services has been established to ensure we can fulfill consumers' financial needs and service them in a low-cost and effective manner.
For more information visit: www.everydaypeoplefinancial.com.
Contact
Gordon Reykdal
Executive Chairman of Everyday People Financial Corp.
letsconnect@epfinancial.ca
1 888 825 9808
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking statements" or "forward-looking information" (collectively referred to hereafter as "forward-looking statements") under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to financial performance, results of operations, integration of the acquired businesses, and the business, plans, strategy and operations of the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, expectations and assumptions concerning the Company and the acquired businesses as well as other risks and uncertainties, including those described in the documents filed by the Company on SEDAR+ at www.sedarplus.ca. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233209
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