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Decisive Dividend Corporation Announces Expansion of Executive Management Team Changes Driven by Growth and Diversification Opportunities



Decisive Dividend Corporation

 

September 20, 2018 / TheNewswire / Kelowna, British Columbia: – Decisive Dividend Corporation (TSX-V:  DE) (the “Corporation” or “DDC”), a diversified, acquisition-oriented company focused on opportunities in manufacturing, announced today a series of changes to its executive management team that are designed to position the Company for continued growth and diversification.  

 

James Paterson, the Chief Executive Officer of DDC reported, “I am very excited to report to you that we have expanded our senior management team to better position us to take advantage of growth opportunities for DDC. Joining DDC in the role of Chief Financial Officer is Mr. Rick Torriero, who as set out below, has a strong track record as a senior finance executive. We are very excited to have Rick on the team, and he will be another key member of our senior executive group. The addition of Rick allows our current Chief Financial Officer, Mr. David Redekop, to move into the role of Chief Corporate Development Officer. Dave has been with DDC since its beginnings five years ago and will bring a strong sense of DDC’s core values into his role overseeing acquisitions and strategic growth initiatives for our existing entities.”

 

Mr. Paterson continued, “One of the keys to our success since our inception in 2013 is the effective diversification of our income statement which has enabled DDC to maintain and grow our dividend. The recent acquisitions of Slimline and Hawk Machine Works Ltd will increase both the revenue and EBITDA of DDC. While we are very excited by this growth, we realize that we need to keep growing our company both organically, and by acquisition. By strengthening our C-suite management, it will enable us to examine opportunities to continue to diversify our income streams, not only through acquisition but through the growth and integration of our existing subsidiaries. I am pleased to add Rick to our team and congratulate Dave on his new role.”  

 

Mr. Torriero is a senior executive with over 17 years of experience in domestic and international finance, accounting and taxation.  Rick most recently served as VP Finance of Savanna Energy Services Corp., an oilfield services company in Calgary. Through his 14 years at Savanna, Rick held several senior finance positions before being appointed VP finance in 2015, and also served as interim CFO after Savanna was acquired in mid-2017. Rick graduated from Simon Fraser University in 2001 and has been a Chartered Accountant since 2004. Though he has spent his entire career in Calgary, Mr. Torriero was raised in Kelowna, B.C.

 

About Decisive Dividend Corporation

 

Decisive Dividend Corporation is an acquisition-oriented company, focusing on the manufacturing sector.  The Corporation uses a disciplined acquisition strategy to identify already profitable, established companies that have strong management teams, generate steady cash flow, operate in non-cyclical markets, and have opportunity for future growth.

       

Neither the 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 the contents of this News Release.

 

FOR FURTHER INFORMATION PLEASE CONTACT:

 

Mr. David Redekop, Director and Chief Corporate Development Officer

#201, 1674 Bertram Street

Kelowna, BC V1Y 9G4

Telephone: (250) 870-9146

Sign up for email notifications of all Company press releases at www.decisivedividend.com.

 

Cautionary Statements

 

Forward-Looking Statements

 

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on management’s current beliefs, assumptions and expectations as to the outcome and timing of such future events.  Actual future results may differ materially. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

 

Not for distribution in the United States

This press release is not for distribution to U.S. Newswire Services or for dissemination in the United States.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.