Mr. Richard Kellam reports

DCM REPAYS BALANCE OF $30 MILLION TERM LOAN FROM SALE OF ITS FERGUS, ONTARIO FACILITY FOR GROSS PROCEEDS OF $6.75 MILLION

Data Communications Management Corp. has closed the previously announced sale and leaseback of its Fergus, Ont., facility for gross proceeds of $6.75-million.

Net proceeds realized on the sale of the property were $6.5-million and, together with funds from working capital, have been applied toward repayment of the $6.9-million remaining balance outstanding on the company's $30-million term loan with a Canadian chartered bank. Data Communications Management entered into the term loan in connection with the acquisition of Moore Canada Corp. in April, 2023. The loan was previously reduced by the net proceeds realized from the sale and leaseback of the company's Oshawa warehouse facility.

The planned sale and leaseback of its Trenton, Ont., facility is expected to close early in the first quarter of 2024, generating net proceeds of approximately $8.7-million. The net proceeds from this transaction are planned to be applied toward the company's revolving line of credit.

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. Data Communications Management serves major brands in vertical markets, including financial services, retail, health care, energy, other regulated industries and the public sector. Data Communications Management integrates seamlessly into its clients' businesses thanks to the company's deep understanding of their needs, transformative tech-enabled solutions and end-to-end service offering. Whether Data Communications Management is running technology platforms, sending marketing messages or managing print workflows, the company's goal is to make everything surprisingly simple.

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