RJD Green Inc. (OTC:RJDG) Stock In Focus After Latest News
This morning, investors are going to be keenly looking into those companies that may have come into focus in a big way on Tuesday, and by that token, it could be a good idea to consider tracking RJD Green Inc. (OTC:RJDG). Yesterday, it emerged that its subsidiary unit, IOSoft Systems, had concluded a software development and IT support agreement with the firm DOD Sales. DOD Sales is a company involved in the distribution of products in a range of markets.
IOSoft Systems is involved in providing its proprietary software for healthcare claims adjudication, medical billing, automotive warranty payments, and electronic payments between healthcare providers and payers. It has been involved in the development of many other platforms too. Since it was formed, it has worked in the capacity of a third-party developer of software and has also provided IT support for the platforms it created for the small business space.
As per the provisions of the agreement that it signed with DOD Sales, IOSoft Systems would be involved in the development of software platforms for a range of products in varied sectors. The aim would be to bring about a more efficient software system that would be flexible enough to handle a range of business sectors in which the products are deployed. In the news release from RJD Green yesterday, it was noted that IOSoft was working on preparing sales representation and marketing campaigns for a comprehensive launch into the healthcare space. It was also revealed that each software platform as well as service would be individually announced and then launched so as to provide the best possible clarity of the specific enhanced services that would be provided to the healthcare space.
On October 16, RJD Green was in the news once again after it made a significant new announcement about one of its business divisions, Silex Holdings Inc. The company announced that Silex had been successful in concluding a definitive purchase agreement with a renowned regional sales and installation company in the Midwest. The client is best known for providing all sorts of fireplace and wood stove products as well as accessories. At the time, it was announced that the closing date of the transaction was going to be at some point in November 2023. Silex was established in 1991, and currently it is the leader across all the popular fireplace models in the Midwest region. It is involved in dealing with all the major fireplace models, like direct vent, electric, and zero clearance fireplaces.
It was noted in the news release that the shift towards renewable energy had helped the client experience fast growth over the course of the past three years or so. There has been a spike in the demand for high-quality wood stove products during this period. RJD Green managed to maintain EBITDA of as much as 24.5% over the past three years due to the growth that had been experienced. When the revenues are combined with the revenues of Silex for the years 2022 and 2023, the combined revenues would be in excess of $7900,000.
