Mr. Michel Pepin reports
CISCOM RETAINS PHOENIX CORPORATE FINANCE FOR SIGNIFICANT FINANCING FACILITIES
Ciscom Corp. has retained the services of Phoenix Corporate Finance Inc. as its corporate financing agent to provide strategic and corporate advisory services, including securing non-dilutive credit facilities in support of its M&A (merger and acquisition) activities.
Pursuant to the engagement, Phoenix has been retained to facilitate a senior term loan in the amount of $2.88-million with a term of two years and a renewable acquisition financing facility in the amount of $10-million for a term of one year, with no principal repayment on either facility until maturity.
"With the lower costs of funds, using a credit facility that is non-dilutive to shareholders is the best scenario for Ciscom. This will allow time for capital markets to reopen and be more favourable to smaller capital issuers like Ciscom. The company is well positioned to leverage these opportunities and deliver on its acquisitions mandate. We are focused and driving our competitive advantage in our mission to build shareholder value," reported Michel Pepin, president and chief executive officer of Ciscom.
Ciscom continues to be in good standing with its banking partners, reflecting the company's rigorous financial management and governance standards. Looking ahead, Ciscom is poised for further growth, with a focus on new acquisitions, client-centric services and a commitment to operational excellence.
About Ciscom Corp.
Ciscom actively invests in, acquires and manages market-leading companies within the information and communication technology (ICT) sector, with a specialty in adtech (advertising technology) and martech (marketing technology), targeting SMEs (small and medium-sized enterprises) with proven profitability. This approach allows entrepreneurs to monetize their equity and continue contributing, enhancing shareholder value through acquisitions. As a leader in omnimedia, particularly in data-driven marketing, Ciscom, through its subsidiaries, optimizes advertising spend across platforms, ensuring high ROI (return on investment) and customer engagement. Strategic ICT acquisitions bolster service offerings and shareholder value, marking Ciscom as an emergent force in the data-driven and technology market. Ciscom became an issuer in June, 2023, on the Canadian Securities Exchange and in October, 2023, on the OTCQB. Ciscom has two subsidiaries, namely Market Focus Direct and Prospect Media Group.
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