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Ciscom Corp
Symbol CISC
Shares Issued 59,321,560
Close 2025-02-05 C$ 0.055
Market Cap C$ 3,262,686
Recent Sedar+ Documents

Ciscom subsidiary's client files for CCAA protection

2025-02-05 19:28 ET - News Release

Mr. Michel Pepin reports

CISCOM COMMENTS ON PERSPECTIVE OF THE CURRENT ECONOMIC ENVIRONMENT

Ciscom Corp. has provided an update and its perspective on the current economic environment.

Ciscom reports that a client of one of the company's subsidiaries has filed for protection under the Companies' Creditors Arrangement Act. This client represented 15.7 per cent of Ciscom's gross profit in 2024. 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.

"The retail industry economic environment has been under stress for some time, and the prospect of a trade dispute with the United States of America must be taken seriously," said Michel Pepin, president and chief executive officer of Ciscom. "As part of our business model, Ciscom is constantly exploring new opportunities to increase and replace changing sources of revenue."

About Ciscom Corp.

Ciscom actively invests in, acquires and manages market-leading companies within the information and communications technology sector, with a specialty in adtech and martech, targeting 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 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.

We seek Safe Harbor.

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