RJD Green Inc.'s Silex Holdings Division Enters into Memorandum of Understanding with Stone Countertop and Cabinet Company for Acquisition

Rhea-AI Summary

RJD Green Inc. (OTCPK: RJDG) announced its subsidiary, Silex Holdings, has entered a non-binding Memorandum of Understanding with a mid-west stone and cabinet company. This agreement aims to enhance RJD's operations through strategic acquisition, outlining initial growth plans and necessary due diligence steps.

The target company, established in 2004, specializes in stone fabrication for countertops and related interior products. It maintains robust client relationships and presents significant growth potential. Silex Holdings’ positive revenue history and minimal debt position RJD for more favorable funding structures for acquisitions under $20 million.

Positive

• Strategic MOU with a complementary stone and cabinet company.
• Established target company provides strong growth potential and long-term client relationships.
• Silex Holdings has a record of revenue growth and minimal debt, enhancing acquisition financing options.

Negative

• None.

TULSA, OK, March 07, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – RJD Green Inc. (OTCPK: RJDG) announced today subsidiary, Silex Holdings, has entered into a non-binding Memorandum of Understanding, with a mid-west located stone and cabinet company that would complement RJD Green’s current operation, Silex Interiors, in size and regional location.

The MOU reflects the mutual general agreement in acquisition structure, defined steps to complete the acquisition, initial growth plan & management of operations, and the remaining due diligence items required for mutual agreement.

The acquisition target, formed in 2004, offers fabrication of stone products for countertops and related interior products to include cabinetry, tile, and flooring for commercial and homebuilding sectors. The Company has established long-term client relationships and offers excellent growth potential.

As important, the RJD Green subsidiary Silex Holdings, historical record in revenue growth, profitability and minimal debt, has allowed RJD to procure more conventional funding with larger percentage of debt and lessor percentage of equity funding structures for small-cap acquisitions under $20,000,000.

About Us

RJD Green Inc (Trading Symbol: RJDG) is a holding company focused in three divisions, which create high-growth enterprise opportunities while offering diversity of markets.
·        RJD Green Healthcare Services Division – services and technologies reflecting five-year growth
·        Earthlinc Environmental Services Division - green environmental services and technologies
·        Silex Holdings Division - specialty construction and industrial manufacturing and installation

Silex Holdings Division
Silex Interiors is a multi-location manufacturer, distributor and installation services company for kitchen and bath construction products to include natural stone countertops, cabinets, tile, and sinks & facets. Market sectors include new home construction, retail, remodel, and commercial projects.

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.

Company Contact:
RJD Green, Inc.
Ron Brewer, CEO
918.551.7883
ronb@rjdgreen.com

Investor Relations:
OTC PR Group
Douglas Baker at corp@otcprgroup.com
(561) 807-6350

FAQ

What is the purpose of RJD Green's MOU with the stone and cabinet company?

The MOU aims to outline the acquisition structure and growth strategy for enhancing RJD Green's operations.

What products does the target company offer?

The target company offers stone fabrication for countertops, cabinetry, tile, and flooring.

How does Silex Holdings' financial history impact RJD Green?

Silex Holdings' revenue growth and minimal debt allow RJD Green to secure more favorable funding for acquisitions.

What is RJD Green's stock symbol?

RJD Green trades under the stock symbol RJDG.

What are the future projections for RJD Green following this announcement?

The acquisition is expected to bolster RJD Green's market position and growth potential, though detailed projections depend on further due diligence.