Decisive Dividend Corporation Reports Financial Results for the three months ended March 31, 2016

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[{"type":"text","content":"Decisive Dividend Corporation Reports Financial Results for the three months ended March 31, 2016(via Thenewswire.ca)\n \n \nKelowna, British Columbia / TheNewswire / May 31, 2016 - Decisive Dividend Corporation (TSX-V: DE) (the \"Corporation\") reported its financial results for the three month period-ended March 31, 2016. All amounts are in Canadian currency. The results have been posted on SEDAR and on our website.\n\n \n \nQ1 2016 highlights:\n\n \n \n-Revenues for the period, which included three months of operations for Blaze King for this quarter compared to only one month for Q1 2015, were $2,587,631\n\n\n \n-Adjusted EBITDA for the quarter was $68,669, as defined in the Q1 MD&A\n\n\n \n-As per seasonal trends, the first quarter resulted in a net loss of $133,338, or $(.04) per share, as compared to a loss of $125,429 or $(.05) per share in first quarter of 2015\n\n\n \n-Dividends paid out during the first quarter were $.075 per share\n\n\n \n-Blaze King received EPA approval April 6th,2016 to market new insert line\n\n\n \n-The Company announced second acquisition - Unicast Inc. on May 2nd, 2016\n\n \n \nThe consolidated financials for the three month period ended March 31, 2016 include three months of Blaze King's operations, in which $2,587,631 of revenue was recorded. As expected, the first quarter experienced much lower sales than the previous two quarters, as seasonal demand is traditionally stronger in the third and fourth quarter of the year. \n\n \n \nOn April 6th, 2016, management received the final certification letter from the EPA regarding the new Sirocco 25 fireplace insert. Testing has showed that the Sirocco model achieved an emissions level of 0.9 grams per hour, well below the 2020 requirements. The fireplace insert will now be marketed with first delivery of product to dealers commencing in June, 2016.\n\n \n \nOn May 2nd, 2016, the Company announced its proposed 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.\n\n \n \nClosing is anticipated to occur on or about June 17, 2016 and is subject to a number of closing conditions, including the successful completion of the Private Placement and the Debt Financing, as well as receipt of the approval of the TSXV. \n\n ...

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