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Route1 Inc. CEO, Tony Busseri, Discusses The Company's Acquisition Strategy with The Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - October 24, 2019) - The Stock Day Podcast welcomed Route1 ...
About this update from Route1 Inc.
[{"type":"text","content":"Route1 Inc. CEO, Tony Busseri, Discusses The Company's Acquisition Strategy with The Stock Day PodcastPhoenix, Arizona--(Newsfile Corp. - October 24, 2019) - The Stock Day Podcast welcomed Route1 Inc. (OTCQB: ROIUD) (TSXV: ROI) (\"the Company\"), an advanced North American provider of data-centric business empowerment solutions. CEO of the Company, Tony Busseri, joined Stock Day host Everett Jolly. Jolly began the interview by noting that the Company has experienced exceptional revenue increases over the past two quarters. \"How did we get there and where do we go from here?\" asked Jolly. \"The largest signal driver of the jump can be attributed to Route1 closing on the acquisition of PCS Mobile on June 28th,\" said Busseri. \"Overall, that resulted in our revenues and gross profits dramatically improving from Q2,\" added Busseri. He then discussed PCS Mobile's background, which operated as a computer reseller with expertise in mobile data applications. Busseri also shared that PCS Mobile is also a reseller of an automatic license plate recognition technology, which has been proven to be a successful revenue stream for the Company. Busseri further explained that the Company's revenue increases have been the result of a diversified portfolio, representing great potential for the upcoming quarters. Jolly then noted that Company's second quarter closed at CAD $3.4 million in revenue, while the third quarter resulted in revenues of CAD $8.7 million. Jolly then asked about the Company's recent announcement regarding their partnership with Genetec, and asked what it means for the Company going forward. \"Genetec is a very large international player in the video management and license plate recognition space. We work with Genetec as a premier dealer to bring their license plate recognition technology to two verticals,\" shared Busseri, explaining that the primary verticals are within the law enforcement and parking lot operator space. \"We're seeing a lot more use of this technology.\"\"We think the technology is fantastic, it fits well for us in our data analytics capability. We see ourselves growing aggressively with Genetec and bring that to the province of Ontario,\" added Busseri. \"What can we expect in the fourth quarter and going forward?\" asked Jolly. Busseri explained that the Company will primarily be focused on operationa...