Kelowna, British Columbia / TheNewswire / April 19, 2017 - Decisive Dividend Corporation (TSXV: DE) (the “Corporation”) today announced its financial results for the three and twelve month periods ended December 31, 2016. All financial references are in Canadian dollars.  

 

``Our results for 2016 reflect our continued commitment to solid growth and steady dividends for the shareholders of Decisive Dividend Corporation, `` stated James Paterson, CEO. ``The successful completion of our second acquisition in 2016 and the recent increase of our monthly dividend were significant milestones for our team and we look forward to an active year as we pursue new acquisition opportunities in 2017.”

 

2016 Highlights:

 

-Revenue for the year was $17,512,709, up 31% from 2015.

-Adjusted EBITDA for the year was $2,714,514, up 47% from 2015.

-Completed a private placement offering with gross proceeds of approximately $5 million for the issuance of 1,659,114 shares ($3.00 per share).

-Completed second transaction with the acquisition of Unicast Inc. (``Unicast``), a manufacturer of long-life wear parts for the mining, cement and aggregate industries.

 

Financial Highlights for the Fourth Quarter and Fiscal Year 2016

 

	Fourth Quarter ended December 31, 2016	Year ended December 31, 2016
Revenue	$7,546,559	$17,512,709
Adjusted EBITDA(1)	$2,100,924	$2,741,514
Net Income (loss)	$1,007,251	$(463,213)
Net Income per share	$0.18	$(0.10)
Dividends Paid	$452,561	$1,469,995
Total free cash flow less maintenance capex(2)	2,250,836	$2,006,575
Pay-out ratio	20.2%	73.3%

 

(1) Adjusted EBITDA is defined as earnings before interest, income taxes, depreciation, amortization, one-time acquisition costs, and non-cash items such as stock compensation expense and IFRS fair value adjustments.  Adjusted EBITDA is not a defined performance measure under International Financial Reporting Standards (IFRS) but it is used by Management to assess the performance of the Company and its segments.  

(2) Free cash flow less maintenance capex is not an IFRS measure.  Maintenance capital expenditures are those required to maintain the operations of the Company at its current level of operations.

 

The complete financial statements for 2016 and management’s discussion and analysis for the three and twelve months ended December 31, 2016 can be found at www.decisivedividend.com

or www.sedar.com.

 

Outlook

 

Management is maintaining a positive outlook for the Company and its two subsidiaries, Blaze King and Unicast.  Management believes that the Company is better positioned for future growth now that a second company has been added to the corporate family, as this diversity adds strength and resilience to operations.  Management believes that continuing to follow a balanced and disciplined acquisition approach is the best path to generating shareholder value.

 

Management remains confident in its strategic and operational plans and in its seasoned leadership.  The Company is committed to enhancing customer service in both subsidiaries and growing the sales teams to accommodate a plan of steady growth.  The Company continues to develop and expand its network of referral sources that regularly present it with potential acquisitions. The Company also independently assesses certain markets and regions to identify potential targets and believes that its disciplined approach to acquisitions is largely responsible for the success to date. While the deal flow brought to the Company is considered strong, there can be no assurance target companies meeting management’s standards will be identified.

 

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 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 Financial Officer

#104, 1420 St. Paul Street

Kelowna, BC V1Y 2E6

Telephone: (250) 870-9146

Email: dave@decisivedividend.com

 

Cautionary Statements

 

This press release contains forward-looking statements. 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 the Corporation’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking statements, 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.

 

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