RJD Green Inc.'s Silex Holdings Division Has Engaged Seasoned Manager Mark Gould to Guide the Consolidation and Growth of the Tulsa Division of Silex Holdings Inc.
Rhea-AI Summary
RJD Green Inc. (OTCPK: RJDG) has announced the engagement of Mark Gould to manage the consolidation of JSI Products into Silex Holdings Inc.'s Tulsa Division and lead sales growth. Gould, a construction products veteran, has a track record of managing growth in small-cap businesses, having recently increased a wholesale construction products company's annual revenue from under $1 million to over $6 million.
JSI Products , newly formed as an Oklahoma , has acquired specific assets from JSI Interiors, including state-of-the-art manufacturing equipment. It will operate as a division of Silex Holdings Inc., implementing business processes that led to Silex Interiors' growth from $1.4 million to $5.8 million in annual revenue. The company plans to focus on strategic product launches as operations stabilize.
Positive
- Engagement of experienced manager Mark Gould to lead consolidation and growth
- Acquisition of state-of-the-art manufacturing equipment for increased production and quality control
- Implementation of proven business processes that led to significant revenue growth in Silex Interiors division
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, RJDG declined 8.33%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
TULSA, Okla., Oct. 16, 2024 (GLOBE NEWSWIRE) -- RJD Green Inc. (OTCPK: RJDG) CEO Ron Brewer announced Silex Holdings Inc has engaged construction products veteran Mark Gould to manage the consolidation of JSI Products Corporation into Silex Holdings Inc. Tulsa Division, and to lead the sales growth of the consolidated operation.
Ron Brewer, CEO stated, “We are pleased to have engaged Mark Gould to manage the Tulsa Division of Silex Holdings. Mark has experience in managing the growth of construction products and services opportunities, and has a successful history in leading the sales in small-cap business companies.
“Mark’s most recent project was managing a wholesale construction products company, taking it from under
“He is known for his work ethic and creating team efforts as he tackles the issues that occur in meeting fast growth revenue goals.
“Mark’s background enhances Silex’s efforts in adding additional products and services profitably.“
JSI Products Corporation Going Forward
JSI Products has recently formed JSI Products Corporation, an Oklahoma Corporation, to receive the assets purchased from JSI Interiors and to be the operating entity of the acquired assets.
The Company has purchased specific assets from JSI LLC, and key staff members have been hired by JSI Products. State-of-the-art manufacturing equipment, which allows increased daily production and enhanced quality control, is an important part of the assets purchased.
JSI Products Corporation will operate as a Division of Silex Holdings Inc.
JSI Products will install the same business operation processes and programs that were developed and implemented in the Silex Interiors division that created profitable growth from
JSI will be focused on the appropriate timing of new product launching as the operations solidify from initial launching of the division.
About Silex Holdings Inc.
Silex Holdings Inc. is a specialty construction products company offering manufacturing, sales & distribution, and installation of multiple products with a primary focus on cabinetry and stone countertops, walls, and flooring for homebuilders, general contractors, commercial projects, remodelers & designers, and retail clients. Silex was formed in 2006 serving the Oklahoma City and Tulsa metropolis areas with a 200-mile radius of each city utilizing the original trade name, Silex Interiors.
About RJD Green, Inc.
The Company operates as a holding company with a focus on acquiring and managing assets and companies. RJD Green operates in three divisions: RJD Green Healthcare Services Division, which owns IOSoft Systems, which 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; and Silex Holdings Division, which is focused in specialty construction and industrial services. The initial operations, Silex Interiors, fill a market niche between the Home Depots and local contractors. Silex manufactures and installs granite/other counter tops, cabinets and related products to the residential builder, commercial contractor, remodel contractor and DIY customer.
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 or the 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 evaluating 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
FAQ
Who is Mark Gould and what role will he play in RJD Green Inc. (RJDG)?
What assets has JSI Products acquired from JSI Interiors?
How will JSI Products operate within RJD Green Inc. (RJDG)?
What growth has Silex Interiors division of RJD Green Inc. (RJDG) experienced?
