Ciscom Cautions Investors Regarding Share Ownership Assertions by DLT Resolution Inc. & Evaluates Activation of Shareholder Rights Plan
Toronto, Ontario--(Newsfile Corp. - March 13, 2024) - Ciscom Corp. (CSE: CISC) (OTCQB: CISCF) is in the process of consulting with its advisors and regulatory authorities to ascertain the necessity of activating its Shareholder Rights Plan. This action is in direct response to the assertion by DLT Resolution Inc. that it has escalated its ownership in Ciscom from 19.9% to an alleged 42.05%. The legitimacy of this claim is under scrutiny, and the outcome may influence whether the Plan will...
2024-03-13 7:00 AM EDT
Ciscom Corp. Approves Shareholder Rights Plan
Toronto, Ontario--(Newsfile Corp. - March 4, 2024) - Ciscom Corp. (CSE: CISC) (OTCQB: CISCF) ("Ciscom" or "the Company") is pleased to announce that it has established a shareholder rights plan (the "Plan") effective today. The Plan is a standard corporate governance item for companies like Ciscom, and is designed to ensure that all Ciscom shareholders are treated fairly in connection with any take-over bid and to protect against "creeping bids", which involve the accumulation of more than 25%, on an...
2024-03-04 5:46 PM EST
Ciscom Corp. Announces Appointment of Senior Market Leader and Influencer to Its Board of Directors
Toronto, Ontario--(Newsfile Corp. - March 1, 2024) - Ciscom Corp. (CSE: CISC) (OTCQB: CISCF) ("Ciscom" or "the Company") is pleased to announce the appointment of Tracy Weslosky to its Board of Directors effective immediately."We have been looking to add a senior leader with strong business and market experience to the Board. Tracy brings to the Board the perfect combination of business and market acumen that will help propel Ciscom to the next level. On behalf of the entire Board and...
2024-03-01 9:15 AM EST
Ciscom Corp. Clarifies Procedures and Conduct of Its Annual Shareholders' Meeting
Toronto, Ontario--(Newsfile Corp. - February 14, 2024) - Ciscom Corp. (CSE: CISC) (OTCQB: CISCF) ("Ciscom" or "the Company") wishes to clarify the procedure and conduct of its Annual General and Special Meeting of Shareholders (AGSM) of Ciscom Corp., which was held on February 8, 2024. Dissident Proxies Not Properly Qualified Further to the Company's press release dated February 13, 2024, a number of dissident shareholders wished to oppose current management and replace the current board of directors at the...
2024-02-14 7:23 PM EST
Ciscom Corp. Announces Results of Its Annual Shareholders' Meeting
Toronto, Ontario--(Newsfile Corp. - February 13, 2024) - Ciscom Corp. (CSE: CISC) (OTCQB: CISCF) ("Ciscom" or "the Company") is pleased to announce the results of its annual and special meeting of the shareholders held in Toronto on February 8, 2024 (the "Meeting"). At the Meeting, shareholders of the Company approved all matters of business as presented to the shareholders in the management information circular dated December 29, 2023 (the "Circular"). The following items of business were approved by...
2024-02-13 8:15 AM EST
Ciscom Corp. Exceeds Earn-Out Target Growth Under 1883713 Ontario Inc. (Inclusive of Prospect Media Group Ltd.) Share Purchase Agreement for 2023 & Announces Stock Option Grants
Toronto, Ontario--(Newsfile Corp. - February 5, 2024) - Ciscom Corp. (CSE: CISC) (OTCQB: CISCF) ("Ciscom" or "the Company") is pleased to announce that further to its press release dated January 17, 2024, announcing preliminary unaudited revenue, it has exceeded the gross profit Earn-Out target for 2023 established pursuant to the 1883713 Ontario Inc. share purchase agreement (the "SPA") dated September 30, 2022. The Company is also pleased to announce the grant of stock options to certain officers and employees....
2024-02-05 5:15 PM EST
Ciscom Corp. Announces Strong Growth and Executive Hire
Toronto, Ontario--(Newsfile Corp. - January 17, 2024) - Ciscom Corp. (CSE: CISC) (OTCQB: CISCF) ("Ciscom" or "the Company") is pleased to announce strong revenue growth for 2023, and the hiring of Sheri Rogers as EVP Managing Director of its subsidiary, Prospect Media Group ("PMG"). Strong Topline GrowthFor the year ended December 31, 2023, Ciscom had Revenue of $35.014M up from $14.766M over 2022 for a growth of $17.137M or 95.9%. For the same period, Gross Profits were $6.772M up from...
2024-01-17 8:30 AM EST
Ciscom Corp. Announces Claim for Debt Collection Against Former CEO and Wrongful Dismissal Action by Former CEO
Toronto, Ontario--(Newsfile Corp. - January 16, 2024) - Ciscom Corp. (CSE: CISC) (OTCQB: CISCF) ("Ciscom" or "the Company") is announcing that it has filed a statement of claim with the Ontario Superior Court of Justice for the collection of a debt owed by its former CEO that was due on January 1, 2024 and was not repaid on demand. Pursuant to a Promissory Note issued in February of 2022, the Company advanced an amount of $180,000 to its former CEO....
2024-01-16 5:00 PM EST
Business Update from Ciscom Corp. Chair, Paul Gaynor
Toronto, Ontario--(Newsfile Corp. - December 5, 2023) - Ciscom Corp. (CSE: CISC) (OTCQB: CISCF) ("Ciscom" or "the Company") and Paul Gaynor, Ciscom's new Chair, are pleased to provide a business update.Q3 2023 Solid Financial PerformanceAs reflected in the Q3 2023 MD&A, Ciscom's Q3 2023 earnings report showed a strong performance, in light of a contracting economy. Sales and operating profit (on a cash basis) increased year-over-year. This is an evidence of the resiliency of the business, our staff engagement, and...
2023-12-05 4:30 PM EST
Ciscom Corp to Hold Annual Meeting of the Shareholders on February 8, 2024
Toronto, Ontario--(Newsfile Corp. - November 24, 2023) - Ciscom Corp. (CSE: CISC) (OTCQB: CISCF) ("Ciscom" or "the Company") is pleased to announce that it will hold an annual and special meeting of its shareholders on February 8, 2024 (the "Meeting"), which will entitle all holders of the Company's stock as of the close of business on December 29, 2023 (the "Record Date") to receive notice of and attend the Meeting. Shareholders of the Company as of the Record Date,...
2023-11-24 3:49 PM EST
Ciscom Corp (CISC) Announces Departure of Chief Executive Officer
Toronto, Ontario--(Newsfile Corp. - November 20, 2023) - Ciscom Corp. (CSE: CISC) ("Ciscom" or "the Company") announces that effective November 20, 2023, Drew Reid no longer serves as the Chief Executive Officer ("CEO"), Executive Chairman and all others offices of the Company and its subsidiaries.The Board of the Company is pleased to announce that Paul Gaynor has agreed to serve as Chair of the Board. Paul is already a Board member and on its Audit Committee, has been part of...
2023-11-20 9:17 AM EST
Ciscom Corp (CISC) Q3 2023 Earnings Release - Growth and Positive Results
Toronto, Ontario--(Newsfile Corp. - November 7, 2023) - Ciscom Corp. (CSE: CISC) ("Ciscom" or "the Company") is pleased to announce that it has filed its quarterly results for the period ended September 30, 2023 (Q3) on November 7, 2023.Year to date September 30, 2023, Ciscom reported sales of $21.5M versus $2.1M for the prior year, an increase of $19.4M or 929%. This increase is tied to the acquisition of PMG that closed September 30, 2022. On a pro-forma basis (including...
2023-11-07 9:00 PM EST
Ciscom Corp (CISC) Advisory Services Agreement
Toronto, Ontario--(Newsfile Corp. - September 29, 2023) - Ciscom Corp. (CSE: CISC) ("Ciscom" or "the Company") an ICT managing and investment corporation, is pleased to announce that it has retained the services of Hummingbird Capital Inc. ("Hummingbird") on a non-exclusive basis.The agreement is for a period of 6 months whereas Hummingbird will provide advisory services to the Company related to its investment banking initiatives. The Company will pay Hummingbird through the issuance of treasury common shares at the rate of...
2023-09-29 7:40 AM EDT
Ciscom Corp (CISC) Q2 2023 Earnings Release
Toronto, Ontario--(Newsfile Corp. - August 29, 2023) - Ciscom Corp. (CSE: CISC) ("Ciscom" or "the Company") an ICT roll-up corporation, is pleased to announce that it has filed its first quarterly results as a publicly traded entity for the period ended June 30, 2023 (Q2) on August 29, 2023.Prior year-end and quarterly financial statements along with their respective MD&As for prior periods are in the Final Prospectus filed on SEDAR. The year-end Financial Statements have been audited and the quarterly...
2023-08-29 7:15 AM EDT
Ciscom Corp. (CISC) Portfolio Company Diversifies Its Client Base
Toronto, Ontario--(Newsfile Corp. - August 10, 2023) - Ciscom Corp. (CSE: CISC) ("Ciscom" or "the Company") an ICT roll-up corporation, is pleased to announce that Prospect Media Group ("PMG") is adding new clients in varying and diverse industries.PMG has historically provided data-driven media services to the retail sector and has been partnering with major national, regional and local brands. PMG has now added clients in the telecommunication, consumer package goods (CPG) and Home Improvement manufacturing sectors. This expansion of client...
2023-08-10 4:05 PM EDT
Ciscom Corp. (CISC) to Release Q2 2023 Results on August 29, 2023
Toronto, Ontario--(Newsfile Corp. - July 21, 2023) - Ciscom Corp. (CSE: CISC) ("Ciscom" or "the Company") an ICT roll-up corporation, is pleased to announce that it will be filing its first quarterly results for the period ended June 30, 2023 (Q2) on August 29, 2023.Financial Statements along with their respective MD&As for prior periods are in the Final Prospectus filed on SEDAR. The year-end Financial Statements have been audited and the quarterly financial statements were reviewed. The Final Prospectus also...
2023-07-21 4:43 PM EDT
Ciscom Corp Is Approved for Listing
Toronto, Ontario--(Newsfile Corp. - June 29, 2023) - Ciscom Corp. ("Ciscom" or "the Company"), an ICT roll-up corporation, is pleased to announce that the Ontario Securities Commission ("OSC") has approved Ciscom's Final Prospectus and issued Final Receipt to Ciscom as a fully reporting issuer. Ciscom commences trading on the The Canadian Securities Exchange (CSE: CISC) on June 30, 2023.View listing: Ciscom Corp. | CSE - Canadian Securities Exchange (thecse.com)."We are very pleased to have completed the listing of the company...
2023-06-29 2:10 PM EDT
Ciscom Corp. Completes the Acquisition of Prospect Media Group
Toronto, Ontario--(Newsfile Corp. - September 30, 2022) - Ciscom Corp. ("Ciscom" or "the Company") is pleased to announce it has completed the acquisition of Prospect Media Group Ltd. ("PMG"). This is Ciscom's second acquisition. "We are very pleased to have completed the acquisition of PMG, a significant addition to Ciscom portfolio. We are focused on delivering shareholder value," said Drew A. Reid, Ciscom's Executive Chair & CEO. "The Ciscom team has raised capital and secured financing in a...
2022-09-30 3:32 PM EDT