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Decisive Dividend Corp
Symbol DE
Shares Issued 4,761,151
Close 2016-08-30 C$ 3.30
Market Cap C$ 15,711,798
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ORIGINAL: Decisive Dividend Corporation Reports Financial Results for the second quarter ended June 30, 2016

2016-08-30 12:19 ET - News Release

(via Thenewswire.ca)

August 30, 2016 / TheNewswire / Kelowna, British Columbia: Decisive Dividend Corporation (TSX-V: DE) (the " Corporation ") reported its financial results for the three and six month periods ended June 30, 2016. All amounts are in Canadian currency. The results have been posted on SEDAR and on our website.

Q2 2016 highlights:

  • -Revenues for the six months were $ 4,842,000, and $2,254,369 for the second quarter

    -Adjusted EBITDA for the six months was $(102,800) and $(171,994) for the second quarter, as defined in the Q2 MD&A

    -Due to seasonal trends, and due to acquisition costs related to the acquisition of Unicast, Inc., as well as a large non-cash charge for stock option compensation expenses, the six month period ended June 30, 2016 resulted in a net loss of $1,589,433, or $(0.41) per share, as compared to a loss of $453,241 or $(0.15) per share in six month period ended June 30, 2015. For the second quarter, the net loss was $1,456,095, or ($0.37) per share, as compared to a loss of $347,226 or ($.10) per share in the second quarter of 2015.

    -Dividends paid out during the second quarter were $.075 per share

    -The Company completed its second acquisition - Unicast Inc., on June 23 rd , 2016

On June 23 rd , 2016, the Company announced that it had closed the acquisition of Unicast Inc. (" Unicast "), a company based in Kelowna, British Columbia which designs, manufactures and markets wear parts for the mining, aggregate and cement industries. As the purchase was concluded near the end of the second quarter, only seven days of Unicast operations are incorporated in the three and six month operating results.

The consolidated financials for the six month period ended June 30, 2016 include a full six months of Blaze King's operations, and seven days of Unicast operations, in which $4,842,000 of revenue was recorded. As expected, the second quarter for Blaze King is expected to be the weakest quarter of the year, as seasonal demand is traditionally stronger in the third and fourth quarter of the year for Blaze King.

During the second quarter of 2016, Blaze King management received the final certification letter from the EPA regarding the new Sirocco 25 fireplace insert. Testing has showed that the Sirocco model achieved an emissions level of 0.9 grams per hour, well below the 2020 requirements. First delivery of product to dealers commenced in the latter stages of the second quarter of 2016.

" Blaze King has experienced a challenging quarter for sales, which is not unusual given the second quarter is traditionally the weakest quarter of the year in Blaze King's market. Blaze King continues to follow seasonal selling trends and we look forward to the final two quarters of the year as we go into the traditionally strong fall and winter selling season," said James Paterson, CEO of Decisive. "Now that the Unicast transaction has closed, we look forward to Unicast adding to the stability and diversity of Decisive's future financial results and Decisive can move forward as a stronger company with two solid divisions."

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 Financial Officer

#104, 1420 St. Paul Street

Kelowna, BC V1Y 2E6

Telephone: (250) 870-9146

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.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

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