DATA Communications Management Corp. (TSX: DCM) (DCM or the Company) announces it has completed payment of the final promissory note balances owing to the vendors of Eclipse Colour and Imaging (Eclipse) and Thistle Printing (Thistle).
Since purchasing Eclipse and Thistle two years ago, they have contributed positively to our financial results and to our continuing business evolution, said Gregory J. Cochrane, President & CEO of DCM. Continuing to pay down debt through free cash flow generation is one of our top priorities.
Eclipse in particular, is an important element in our strategy to invest in and grow our retail vertical market. At Thistle, our new Heidelberg six-colour CX-102 being installed will further strengthen our capabilities across retail and our other markets and is expected to be operational by the end of the first quarter.
DCM also announces Ralph Misale, one of the former principals of Eclipse, has been promoted from General Manager, Eclipse to Vice President, Operations of DCM, with responsibility for all DCMs manufacturing facilities. Misale will continue to report to Alan Roberts, Senior Vice President Operations.
About DATA Communications Management Corp.
DCM is a communication solutions partner that adds value for major companies across North America by creating more meaningful connections with their customers. We pair customer insights and thought leadership with cutting-edge products, modular enabling technology and services to power our clients go-to market strategies. We help our clients manage how their brands come to life, determine which channels are right for them, manage multimedia campaigns, deploy location-specific and 1:1 marketing, execute custom loyalty programs, and fulfill their commercial printing needs all in one place.
Our extensive experience has positioned us as experts at providing communication solutions across many verticals, including the financial, retail, healthcare, consumer health, energy, and not-for-profit sectors. Thanks to our locations throughout Canada and in the United States (Chicago, Illinois and New York, New York), we are able to meet our clients varying needs with scale, speed, and efficiency – no matter how large or complex the ask. And we can do it all with advanced DCM security, regulatory compliance, and bilingual communications, in print or digital.
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.
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 DCMs 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 of future performance or results and, will not necessarily be accurate indications of whether or not such 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, performance, objectives or achievements that may be expressed or implied by such forward-looking statements. The principal factors, assumptions and risks that DCM made or took into account in the preparation of these forward-looking statements include: the limited growth in the traditional printing industry and the potential for further declines in sales of DCMs printed business documents relative to historical sales levels for those products; the risk that changes in the mix of products and services sold by DCM will adversely affect DCMs financial results; the risk that DCM may not be successful in reducing the size of its legacy print business, realizing the benefits expected from restructuring and business reorganization initiatives, reducing costs, reducing and repaying its long term debt, and growing its digital and marketing communications businesses; the risk that DCM may not be successful in managing its organic growth; DCMs ability to invest in, develop and successfully market new digital and other products and services; competition from competitors supplying similar products and services, some of whom have greater economic resources than DCM and are well-established suppliers; DCMs ability to grow its sales or even maintain historical levels of its sales of printed business documents; the impact of economic conditions on DCMs businesses; risks associated with acquisitions and/or investments in joint ventures by DCM; the failure to realize the expected benefits from the acquisitions of Thistle Printing, Eclipse Colour & Imaging, BOLDER Graphics and Perennial Group of Companies and DCMs investment in the joint venture between Aphria Inc. and Perennial and risks associated with the integration and growth of such businesses; increases in the costs of paper and other raw materials used by DCM; DCMs ability to maintain relationships with its customers; risks relating to future legislative and regulatory developments and other business risks involving the wellness, medical and adult-use marijuana markets in Canada and internationally generally; and risks relating to DCMs ability to access sufficient capital on favourable terms to fund its business plans from internal and external sources, .
Additional factors are discussed elsewhere in this press release and under the headings “Risk Factors” and Risks and Uncertainties in DCMs managements discussion and analysis and in DCMs 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 press release 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.
Mr. Gregory J. Cochrane
Tel: (905) 791-3151
Mr. James E. Lorimer
Chief Financial Officer
Communications Management Corp.
Tel: (905) 791-3151