RJD Green Inc. (RJDG) Subsidiary, Enters Acquisition Discussions with Healthcare Consulting Firm
TULSA, OK – RJD Green Inc. (RJDG) announced they had entered into an acquisition search for an appropriate healthcare consulting firm that provided services relating to same types of clients as the earlier acquisition, IoSoft Inc., cultivates. The initial search has culminated with execution of a mutual interest negotiations agreement with an established Mid-West firm with three primary focus targets; payer contracting, claims management, and provider marketing enhancement.
The firm formed in 2006 has established an extensive reoccurring-revenue client base that could offer potential business opportunity for the existing healthcare services holding, IoSoft Inc.
RJD Green management feels an acquisition in this sector will be beneficial for mutual business opportunity, and offers support to the division’s revenues and profitability, while IoSoft continues to capture contracts for services that will initiate services in 2018.
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 owns 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. Visit http://www.rjdgreen.com
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 (RJDG) Updates Audit Timing and Completion for uplift to OTC.QB fully reporting status. On March 28, 2017 the company announced the engagement of the audit firm Zwick & Banyai, PLLC, to initiate audits, upon completion of audits will file to move to OTC.QB fully reporting status.
A cost savings Board’s decision was created by waiting three months until the 2017 fiscal year ends, eliminating an additional year’s audit expense.
Having completed their reporting through the third quarter of 2017; their team has geared for completion of the year-end information by mid-September for audit. Upon completion of the audits RJDG will immediately file for uplift to OTC.QB fully reporting status.
RJDG and it’s subsidiaries have made incredible progress with Nine Months ended May 31, 2017 revenue of $2,596,000 and net operating profit of $175,792.
RJD Green Inc. has filed CONSOLIDATED FINANCIALS (UNAUDITED) FOR THE THREE MONTHS ENDED May 31, 2017 Follow Link:
RJDG has experienced multiple swings up the chart in the past few weeks and appears to have established solid support at the current price-level.
IOSOFT division of RJD Green Inc. is making great strides by procuring multiple medical provider and medical payer accounts, which will implement the IOSOFT proprietary payment management and processing software platform.
IOSOFT offers a proven software platform with innovative pricing, product flexibility, and guaranteed revenue stream that offers the healthcare industry new profitability after a period of contraction and reduced margins within the payment process for payers and providers
Their 2016 10K Filing recorded 23.3% increase in revenue and over 500% increase in net operating profit over 2015 fiscal year-ending. The dramatic increase in revenues and net operating profit reported for 2016, along with the anticipated IoSoft Inc. accelerated revenues, has allowed the RJD Officers and Directors to restructure and retirement of debt in 2017.
RJD Green is a holding company focused in three divisions, which create high-growth enterprise opportunities while offering diversity of markets.
- RJD Green Health care Services Division – proprietary payment management and processing software platform.
- Earthlinc Environmental Services Division – green environmental services and technologies
- Silex Holdings Division – specialty construction and industrial manufacturing and installation
The company has announced the following updates and projections for their subsidiaries:
IOSOFT Inc. sales launch, and roll-out of their next generation payment software has been met with a huge response in the healthcare payment space.
As the Company meets benchmarks, rapid acceleration of revenues to previously budgeted projections is expected on a monthly basis. The impact that this can have on RJDG’S earnings potential is substantial.
IOSOFT begins beta processing with four additional contracted clients, two beginning in August and two in September with full implementation of the software services over the sixty days beta processing launch. IOSOFT has additional contracts forthcoming on a monthly basis, which will accelerate in quantity per month launched after the current four companies are fully implemented.
As these initial clients are fully implemented, revenues are projected to be over $1,100,000 annually from the initial five clients. As IOSOFT completes this benchmark, rapid acceleration of revenues to 2018 budgeted projections is expected on a continuing monthly basis
RJD Green (RJDG) subsidiary, IOSOFT, also announced the licensure of a patent pending “expedited check payment software platform” that provides additional synergistic payment services to their healthcare payer/provider clients.
David Gillman, Executive Vice President of IOSOFT Inc. states: “This additional software platform license benefits payees with ‘same day check payments,’ thus eliminating mail delivery time, and benefits payers’ by eliminating the cost of print and postage. In Healthcare, mailing and delivery of payments are some of the highest administrative costs. In an industry that is technically advanced, 50% of healthcare provider paymentsare still made using paper checks and USPS.
The additional complementary services and benefits to their leading-edge payer and provider platform of services seamlessly integrate into the IOSOFT services package.” IOSOFT management feels the additional services could create 10 to 15% additional revenue annually.
Silex Holdings a specialty construction and industrial manufacturing and installation division over the next six month period has historically been the largest revenue period for Silex. March results reflected a 33.5% increase in revenue from the second quarter with a net operating profit of 35.6%.
Specialty Contracting Division Silex Holdings Announced Three Contracts for 2018 and Recent Construction Trends for Their Region.
The contracts total $234,000 in revenue. One of the projects is in Kansas and another is in Missouri, giving Silex their first projects in those states.
The compilation of various permit reporting outlets indicates the new home permits will reflect an increase as much as 20% for 2017 over 2016 in Oklahoma, Silex’s primary market. Commercial projects, other than multi-family, are projected to increase by over 12% for the same time periods.
Ron Brewer, CEO of RJD Green Inc. states, “The commercial contracts awarded Silex continues the progression in our commercial business segment, and reflects our efforts in geographic expansion. The growth analysis reports for Oklahoma allow Silex to cautiously continue our expansion efforts with further assurance of a stable market.”
On March 15, 2017, RJD Green (RJDG) announced that the Silex Holdings division was awarded several new commercial contracts in the neighboring state of Arkansas. The contracts total $220,000 in revenue. Additionally four other projects have been quoted and are in discussion in the Northwest Arkansas quadrant.
On January 31, 2017, Silex Holdings Division was awarded four commercial contracts for over $400,000 in revenue to be completed in the 2017 fiscal year. Silex Holdings, has also recently executed a major sales agreement with national home builder D R Horton. Silex has provided natural stone counter tops and related products to D R Horton for the Oklahoma City regional market for eighteen months. As part of the newly executed agreement, Silex will begin providing cabinets and installation of cabinets to D R Horton within the same market.
These commercial contracts awarded Silex, continues the revenue progression in their commercial business segment, and reflects geographic expansion.