Decisive Dividend Corporation Reports Financial Results for the third quarter ended September 30, 2016

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[{"type":"text","content":"Decisive Dividend Corporation Reports Financial Results for the third quarter ended September 30, 2016(via TheNewswire)\n\n \nKelowna, British Columbia / TheNewswire / November 29, 2016 - Decisive Dividend Corporation (TSX-V: DE) (the \"Corporation\") reported its financial results for the three and nine month periods ended September 30, 2016. All amounts are in Canadian currency. The results have been posted on SEDAR and on our website.\n\n \n \nQ3 2016 highlights:\n\n \n \n-Revenues for the nine months were $9,966,150, and $5,124,150 for the third quarter\n\n\n \n-Adjusted EBITDA for the nine months was $613,591 and $715,699 for the third quarter, as defined in the Q3 MD&A\n\n\n \n-Due to acquisition costs related to the acquisition of Unicast, Inc., as well as a large non-cash charge for stock option compensation expenses in both Q2 and Q3, the nine month period ended September 30, 2016 resulted in a net loss of $1,470,463, or $(0.33) per share, as compared to net income of $26,449 or $.01 per share in nine month period ended September 30, 2015. For the third quarter, the net income was $118,970, or $.02 per share, as compared to net income of $367,671 or $.10 per share in the third quarter of 2015\n\n\n \n-Dividends paid out during the second quarter were $.075 per share\n\n\n \n-The Company continued to integrate our second acquisition - Unicast Inc., which was purchased on June 23rd, 2016\n\n \n \nOn June 23rd, 2016, the Company announced that it had closed the acquisition of Unicast Inc. (\"Unicast\"), a company based in Kelowna, British Columbia which designs, manufactures and markets wear parts for the mining, aggregate and cement industries. As the purchase was concluded near the end of the second quarter, only three months and seven days of Unicast operations are incorporated in the nine month operating results.\n\n \n \nThe consolidated financials for the nine month period ended September 30, 2016 include a full nine months of Blaze King's operations, and three months and seven days of Unicast operations, in which $9,966,150 of revenue was recorded. As expected, in the third quarter Blaze King responded with increased sales activity as compared to the prior two quarters, as seasonal demand is traditionally stronger in the third and fourth quarter of the year for Blaze King. \n\n \n \nBlaze King began production o...

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