|This Slide: #44 of 76|
Slide #44. Issuer Direct Corporation — PrecisionIR Group, Inc.
Issuer Direct Corporation (AMEX:ISDR)
PrecisionIR Group, Inc.
Issuer Direct Corporation (OTCBB: ISDR) (the "Company" or "Issuer Direct"), a market leader and innovator of disclosure management solutions and cloud-based compliance technologies, has acquired Richmond, Virginia based PrecisionIR Group, Inc., a leading provider of online investor relations and web-based corporate communications solutions to companies worldwide. Issuer Direct acquired all of the common stock of Precision IR Group, Inc. in exchange for cash proceeds of approximately $3.45 million. The transaction closed effective August 22, 2013. The Company expects revenue to more than double as a result of this acquisition and for the acquisition to be accretive in EBITDA in the first 12 months.
Issuer Direct is a communications and compliance company focusing on the needs of corporate issuers. Co. operates under several brands, including Direct Transfer, PrecisionIR, Blueprint, Classify, Investor Network, iProxy Direct, iR Direct, QX Interactive, Interwest, ACCESSWIRE and FSCwire. Platform id. is Co.'s cloud-based subscription platform that helps manage the events of its customers seeking to distribute their messaging to primary constituents, investors, markets and regulatory systems. Co.'s services also include telecommunications services and print, fulfillment and delivery of stock certificates, proxy materials or annual reports depending on each customer's engagement.
Open the ISDR Page at The Online Investor »
Strong Buy (4.00 out of 4)
(ranked higher than approx. 90% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite