RJD Green Inc. Management Discusses Financial Progressions for the 2022 Fiscal Year Q3 Along With Expansion Efforts During an Uncertain Economy

Rhea-AI Summary

RJD Green (OTCPK: RJDG) plans to file its Q3 results on June 27, 2022, projecting a 16% revenue growth and a 24% increase in net operating profit compared to the previous year. The company boasts a backlog exceeding $1.2 million in contracts and purchase orders, supporting ongoing growth amidst economic uncertainty due to inflation and potential recession. RJD Green is actively pursuing cautious acquisition strategies and joint ventures in environmental tech and healthcare software, aiming for long-term business opportunities.

Positive

• Projected 16% year-over-year revenue growth for Q3.
• Expected 24% increase in net operating profit for Q3.
• Cumulative backlog of contracts exceeding $1.2 million, ensuring continued growth.

Negative

• None.

TULSA, OK, June 20, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- RJD Green (OTCPK: RJDG),  RJD Green Inc. management announced their expected 2022 Q3 filing date will be June 27th and discusses current expansion efforts during  a disruptive world economy and possible recessive economy.

Current Financial Status

Ron Brewer, CEO, stated: 

“We feel truly fortunate to be on schedule to complete our August 2022 fiscal year on a very solid platform while remaining watchful of an uncertain, and possible recessive economy.

“We expect to report a 16% growth in year over year revenue for Q3 with a 24% growth in net operating profit for the same period. As well, the Company has a cumulative backlog of contracts and purchase orders totaling over $1,200,000, which could assure RJD Green a continuing annual growth.

“We are still operating within a focus of an ongoing growth opportunity that creates excellent year on year growth. We also have a plan of action ready for quick implementation to meet a recessive economic environment.

Current Possible Growth and Expansion

“In concert with our investment participants, we have mutually agreed to utilize caution equal to the current economic conditions for fair market value evaluations of potential acquisitions. 

“We feel this is a unique economic and social stratosphere where products and services demand far outreach the ability to provide the desired products and services. Unemployment is below typical historical measurement, and the economy is struggling with inflation.

“Our adapted strategy is to stay engaged and continue due diligence with current opportunities, while being candid in the process with a seller regarding a deal structure incorporating current business risks. This means, we will be conservative in acquisition value and risk until we see where the economy is going to land.

“To offset possible acquisition restrictions, RJD has become engaged in negotiations with private label and joint-venture efforts for our proprietary green environmental technologies and healthcare focused software platforms. We will also continue to explore completion of a synergistic specialty construction products acquisition, ongoing.

“RJD Green remains diligent to the serious and volatile issues that we face in today’s current business environment but remain positive in our outlook for our long-term future business opportunities.” 

About RJD Green, Inc. 

The Company operates as a holding company with a focus of acquiring and managing assets and companies. RJD Green operates in three divisions: RJD Green Healthcare Services Division, which owns IoSoft Inc, a company that provides discrete payment technologies, services and software that can be integrated into targeted offerings for healthcare provider networks, hospitals, healthcare payers and individual providers: Earthlinc Environmental Services Division, which provides green environmental services and technologies; Silex Holdings Division, which is engaged in specialty construction and industrial manufacturing and fills a market niche between the Home Depots and local contractors. Silex offers installed granite/other counter tops, cabinets and related products to the residential builder, commercial contractor, remodel contractor and retail customer. 

Visit http://www.rjdgreen.com

For additional information contact, Ron Brewer, CEO at ronb@rjdgreen.com, or at (918) 551-7883, or Douglass Baker, OTC PR Group at corp@otcprgroup.comor at (561) 807-6350.

Forward-looking Statement: 
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events of future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluation such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

FAQ

When will RJD Green (RJDG) announce its Q3 earnings?

RJD Green is expected to file its Q3 earnings on June 27, 2022.

What growth does RJD Green anticipate for Q3 2022?

RJD Green anticipates a 16% growth in year-over-year revenue and a 24% rise in net operating profit for Q3 2022.

What is the current backlog of contracts for RJD Green (RJDG)?

RJD Green has a cumulative backlog of contracts and purchase orders totaling over $1.2 million.

How is RJD Green addressing economic uncertainties?

RJD Green is taking a cautious approach to acquisitions and focusing on joint ventures to mitigate risks in the current economic climate.