TULSA, OK, Aug. 04, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- RJD Green (OTCPK: RJDG), RJD Green Inc. discusses current company acquisition initiatives and the challenges in creating a win-win acquisition valuation during a period of economic uncertainty.
Current Acquisition Focus
RJD Green has re-engaged in acquisition search for synergistic opportunities for our company with a primary focus on services to the healthcare sector which complement our current IOSoft payment software platform efforts.
Acquiring a complimentary operation for the Silex Holdings” manufacturing and installation of construction products company will be the secondary focus.
The third tier of acquisition focus is the Earthlinc Environmental Services division, as the industry has more uncertainty in whole than RJDG’s other two divisions.
Merger & Acquisition Efforts
The Company has found relatively strong seller interest in our market focuses.
In the healthcare focus, RJDG has been able to engage discussions with three entities and is advancing the process with two of the corporations.
The Company has also engaged in initial discussion with three construction products firms and is advancing the acquisition process with two of the entities.
RJDG has come upon an environmental consulting firm, and a national branded remediation services group that have genuine interest in being acquired. These opportunities are being pursued.
RJDG is confident of procuring qualified companies where our management team and other resources bring added value and growth. RJDG feels the major issue of acquisition will be creating a win-win acquisition valuation and structure that meets both buyer and seller needs while facing an uncertain economy. RJDG will maintain its acquisition value of minimizing the EBITDA leveraging ratios to within existing revenues of the acquisition candidate.
RJD Green is making the relaunch of the acquisition program a primary initiative for the remainder of 2020 calendar year.
About RJD Green, Inc.
The Company operates as a holding company with a focus of acquiring and managing assets and companies. RJD Green operates in three divisions: RJD Green Healthcare Services Division, which holds interest in IoSoft Inc, a company that provides discrete payment technologies, services and software that can be integrated into targeted offerings for healthcare provider networks, hospitals, healthcare payers and individual providers: Earthlinc Environmental Services Division, which provides green environmental services and technologies; Silex Holdings Division, which is engaged in specialty construction and industrial manufacturing and fills a market niche between the Home Depots and local contractors. Silex offers installed granite/other counter tops, cabinets and related products to the residential builder, commercial contractor, remodel contractor and retail customer.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events of future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluation such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
RJD Green, Inc.
Ron Brewer, CEO