DATA Communications Management Corp. Reports Continued Progress Advancing Its Plant Optimization and Strategic Capital Investments
2024年8月1日 - 8:37PM
ビジネスワイヤ(英語)
Company Expects to Substantially Complete
Operations Integration by End of 2024
DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF)
(“DCM” or the “Company”), a leading provider of marketing and
business communication solutions to companies across North America,
today reported continued progress consolidating its plant network
from 14 to 10 main production facilities to improve its operating
efficiency following the Company’s 2023 acquisition of Moore Canada
Corporation (“MCC”).
Most recently, DCM completed the consolidation of its Thistle
Printing and Toronto commercial printing operations, bringing
together the two facilities at 180 Bond Ave. in Toronto. DCM has
invested in new state-of-the-art equipment in the plant and
completed other upgrades to the facility, providing additional
capacity for future growth and production efficiencies.
“I am very pleased with the progress our teams have made over
the last 12 months in the planning and execution of our strategy to
optimize our operations network,” said Richard Kellam, President
& CEO of DCM. “We are also making strategic capital investments
in the latest technology and equipment in our remaining plants
consistent with our commitment to providing high quality solutions
for our clients, and investing in markets where we see strong
potential for growth.”
The company has also accelerated production and equipment moves
from its Fergus, Ontario and Trenton, Ontario factories to its
Drummondville, Quebec and Brampton, Ontario factories,
respectively. DCM expects to substantially complete these two
remaining planned plant closures and associated production
transfers by the end of 2024.
About DATA Communications Management Corp.
DCM is a marketing and business communications partner that
helps companies simplify the complex ways they communicate and
operate, so they can accomplish more with fewer steps and less
effort. DCM serves major brands in vertical markets including
financial services, retail, healthcare, energy, other regulated
industries, and the public sector. We integrate seamlessly into our
clients’ businesses thanks to our deep understanding of their
needs, transformative tech-enabled solutions, and end-to-end
service offering. Whether we’re running technology platforms,
sending marketing messages, or managing print workflows, our goal
is to make everything surprisingly simple.
Additional information relating to DATA Communications
Management Corp. is available on www.datacm.com, and in the
disclosure documents filed by DATA Communications Management Corp.
on SEDAR+ at www.sedarplus.ca.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release constitute
“forward-looking” statements that involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance, objectives or achievements of DCM, or industry
results, to be materially different from any future results,
performance, objectives or achievements expressed or implied by
such forward-looking statements. When used in this press release,
words such as “may”, “would”, “could”, “will”, “expect”,
“anticipate”, “estimate”, “believe”, “intend”, “plan”, and other
similar expressions are intended to identify forward-looking
statements. These statements reflect DCM’s current views regarding
future events and operating performance, are based on information
currently available to DCM, and speak only as of the date of this
press release.
These forward-looking statements involve a number of risks,
uncertainties, and assumptions. They should not be read as
guarantees of future performance or results and will not
necessarily be accurate indications of whether or not such
performance or results will be achieved. Many factors could cause
the actual results, performance, objectives or achievements of DCM
to be materially different from any future results, performance,
objectives or achievements that may be expressed or implied by such
forward-looking statements.
Additional factors are discussed under the headings "Liquidity
and capital resources" and “Risks and Uncertainties” in DCM’s
Management Discussion and Analysis and in DCM’s other publicly
available disclosure documents, as filed by DCM on SEDAR+
(www.sedarplus.ca). Should one or more of these risks or
uncertainties materialize, or should assumptions underlying the
forward-looking statements prove incorrect, actual results may vary
materially from those described in this press release as intended,
planned, anticipated, believed, estimated or expected. Unless
required by applicable securities law, DCM does not intend and does
not assume any obligation to update these forward-looking
statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240801602014/en/
Mr. Richard Kellam President and Chief Executive Officer DATA
Communications Management Corp. Tel: (905) 791-3151 Mr. James E.
Lorimer Chief Financial Officer DATA Communications Management
Corp. Tel: (905) 791-3151 ir@datacm.com
Data Communications Mana... (TSX:DCM)
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