Mr. Richard Kellam reports

DATA COMMUNICATIONS MANAGEMENT CORP. COMPLETES SALE AND LEASEBACK OF ITS OSHAWA, ONTARIO WAREHOUSE FACILITY FOR GROSS PROCEEDS OF $24.1 MILLION

Data Communications Management Corp. has closed the previously announced sale and leaseback of its Oshawa, Ont., warehouse facility, which was acquired as part of the company's acquisition of Moore Canada Corp. (MCC).

Gross proceeds realized on the sale were $24.1-million and, after deducting closing commissions, rent deposit and other expenses, net proceeds of $23.1-million have been applied toward the $30-million balance outstanding on the company's term loan with a Canadian chartered bank. The term loan had been entered into in connection with financing of the MCC acquisition.

Data Communications Management intends to use the Oshawa facility as a primary warehousing site to serve its clients in Eastern Canada. In connection with the sale transaction, the company entered into a 10-year lease of the facility. Under the terms of the lease, the company has two options to extend the term of the lease, each in five-year increments, for a total additional term of up to 10 years. The terms of the lease also include a capital improvement allowance of $1.5-million to be applied toward certain identified building maintenance and repairs.

About Data Communications Management Corp.

Data Communications Management is a marketing and business communications partner that helps companies simplify the complex ways they communicate and operate, so they can accomplish more with fewer steps and less effort. For more than 60 years, Data Communications has been serving major brands in vertical markets, including financial services, retail, health care, energy, other regulated industries and the public sector. The company integrates seamlessly into its clients' businesses thanks to its deep understanding of their needs, transformative tech-enabled solutions and end-to-end service offerings. Whether the company is running technology platforms, sending marketing messages or managing print workflows, its goal is to make everything surprisingly simple.

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