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Each company has unique tech that is being cross sold to the other 3.
Next year's sales forecast is $45M but they don't include big projects.
Each company has some specialties which the others are cross training to learn and increase their markets.
News - CEMATRIX Corporation Secures New Infrastructure Projects Contracts To Date Increase to a Record $33.0 Million
Press Release | 10/04/2019
CALGARY, Alberta, Oct. 04, 2019 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (the “Corporation” or “CEMATRIX”) announces that its wholly owned operating subsidiaries, CEMATRIX (Canada) Inc. (“CCI”), MixOnSite USA Inc. (“MOS”) and Pacific International Grout Company (“PIGCO’) have secured $2.2 million in new Canadian and U.S. infrastructure contracts. These new contracts increase this year’s contracted sales to $33.0 million.
Total contracts and verbally awarded projects for CEMATRIX Group, which includes the contracts noted above, increased by $3.1 million to a record of approximately $71.0 million to date, of which approximately $42.1 million are currently scheduled to carry over into 2020/21.
“The addition of PIGCO on October 1st has more than doubled the sales contracted and verbally awarded to date. These new infrastructure contracts are in direct relation to new projects landed by CCI and MOS and include numerous infrastructure projects valued at less than $0.5 million each. These contracts represent projects throughout Canada and the North Central/Northeast U.S. These new contracts continue to firm up the original forecasts for 2019 and the backlog for 2020 and beyond” stated Jeff Kendrick, CEMATRIX President and CEO. “It has been, and continues to be, a very good year for CEMATRIX and its shareholders.”
CEMATRIX is a rapidly growing, cash flow positive company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations across North America. This unique cement-based material with superior thermal protection delivers a cost-effective, innovative solution to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets. Through the recent acquisition of Chicago, Illinois based MOS and Bellingham, Washington based Pacific International Grout, CEMATRIX continues to be North America’s largest Cellular Concrete company.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Jeff Kendrick - President and Chief Executive Officer
Phone: (403) 219-0484
Glen Akselrod – President, Bristol Capital
Phone: (905) 326 1888 ext 1
glen@bristolir.com
Jeff Walker, The Howard Group – Investor Relations
Phone: (888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com
New presentation on site.
A Sept presentation will be available before they head to the microcap conference.
Closing the long standing financings will be complete by month end. Then we can get back to normal.
July presentation includes PIGCO. https://howardgroupinc.com/cematrix-corporation/#tab-id-3
The PIGCO acquisition is anything but non-dilutive, so mgmt must have high hopes for it.
Long wait continues.
Pg 4 of the MD&A on SEDAR update on PIGCO. i bet we get financing news in the next week.
The due diligence on the Acquisition has been substantially completed with no significant issues raised.
The value of the acquisition to CEAMTRIX, it’s shareholders and management have been confirmed.
Proposals on the debt component of the financing plan have been received, reviewed and considered
acceptable to management. The transaction is now contingent upon finalizing a purchase and sale
agreement, equity financing, approval by the Board of Directors and all relevant regulatory bodies.
Q1 will be out in the next week.
New presentation is out and it lists PIGCO, so is it time to connect the dots?
Still no updated presentation. They must be waiting for PIGCO bankers to complete dd.
The market for cellular concrete is immeasurable.
They are bidding on some big projects but until the financing is ready for PIGCO then it looks like their November presentation won't be updated.
Another big US acquisition of PIGCO makes CVX more US than Cdn, so it is going to get more US trading after this deal goes past the LOI stage.
still no trades in the US.
There must be a reason for the US listing so let's see how things unfold.
In a month they get the results of the Waterloo University engineering department's benefits study regarding the increased longevity of roadways that use cellular concrete as a base under the asphalt.
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