Costas Inc (CSSI)

[devil dog 96]

We got a runner. Hold'em tight!!! $$$

$0.0163 0.00 (+41.73%)
Bid/Ask
0.0156 / 0.0163
B/A Size
10,000 X 10,000
Volume
2,209,877

$CSSI

[devil dog 96]

Big dips make great buying opportunities. We have a sub penny micro floater here now. It would be strange to think buying near .0070 was not a smart move with a setup like hers. https://www.otcmarkets.com/stock/CSSI/security

"Sure hope so as added another 300k shares today near 007 lol"

$CSSI

[ElCollector]

Sure hope so as added another 300k shares today near 007 lol

[devil dog 96]

A lot of upside from down here for sure

[ElCollector]

Agree with the progress $CSSI is making and with the low float could be 5-10 cents quickly - I will continue to add in this 1 cent range

[skichic]

I know. I own a lot of CSSI, it’s a real sleeper and I think we’ll wake up one day and it’ll be over a dime, but the CEO needs to hire an IR firm or at least get the employees to buy it. The original website talked about the fact Standard Dental Labs had over 30 Labs and now they’ve added more. He needs to put out a PR and talk about just what all they have and the revenues.

[devil dog 96]

They are quietly building something big here. Traders will find her soon https://www.bloomberg.com/press-releases/2022-08-16/costas-inc-completes-acquisition-of-florida-based-dental-lab-prime-dental-lab-llc

Hold'em tight!! $$$

$CSSI

[devil dog 96]

We got an update yesterday that no one seems to have seen https://feeds.issuerdirect.com/news-release.html?newsid=8114165725837580

They have an investors page on Standard Dental Labs website that can keep traders in the loop
https://standarddentallabs.com/sec-filings/


$CSSI

[devil dog 96]

Nice to see this micro floater is about to heat up.. Hold tight!!



$CSSI

[Natural Trader]

https://mobile.twitter.com/otctuth

[skichic]

I know, it’s very strange. The OTC traders will jump all over a stock with billions OS and no revenues, but show em a legit company and they’re not interested.

[devil dog 96]

The market will find her. Her setup is amazing still. Hold tight!!

$CSSI

[Erfran]

I don’t understand despite of this sound news almost anything happened in volume here! Seems like this type of business doesn’t have interest no matter the solid deal

[skichic]

Awesome NEWS out this morning, see below. Keep in mind the CSSI float is ONLY 34,738,108, CEO holds 300 million of the OS.

OTC DISCLOSURE & NEWS SERVICE
Costas, Inc. Completes Acquisition of Florida Based Dental Lab, Prime Dental Lab, LLC
Press Release | 08/16/2022
ORLANDO, FL / ACCESSWIRE / August 16, 2022 / Costas, Inc. (OTC PINK:CSSI), Costas, Inc. ("CSSI" or "the Company"). About COSTAS (CSSI): http://www.otcmarkets.com/stock/CSSI/profile.

COSTAS, INC. is a publicly traded company listed on OTCMarkets under the trading symbol 'CSSI'. The Board of Directors of CSSI is pleased to announce the completion of a definitive agreement to acquire Prime Dental Lab, LLC. ("Prime Dental"), an Orlando-based dental lab in operation since 2012, under the ownership and management of Mr. John Kim. The acquisition of Prime Dental delivers more than ten years of experience and 2021 unaudited gross revenue in excess of $600,000.

The opportunity to acquire Prime Dental follows the May 6, 2022, acquisition of certain assets of Standard Dental Labs Inc. ("SDL"), a company founded by CSSI CEO, James Brooks. Now operating under the DBA SDL, CSSI is currently searching for dental lab owners that have struggled to find an exit from the industry, intending to retire or who lack the resources to remain competitive. Among the assets acquired from SDL was the comprehensive business plan and roll up strategy aimed to facilitate the acquisition of these small to medium-sized dental labs, of which there are thousands in the United States.

On August 15, 2022, following a due diligence process, CSSI and Prime Dental executed an Asset Purchase Agreement. Total consideration of $700,000.00 will be paid to the shareholders of Prime Dental in a combination of cash and registered shares for the assets, which includes all equipment, the client base, and associated revenue. Shares will be escrowed over two years, paid in quarterly installments. Although both parties have executed the agreement, it will not be ratified until the submission of a Form S-1 Registration with the Securities and Exchange Commission and receipt of notice of effect.

The acquisition of Prime Dental is the latest in a series of dental labs the Company plans to acquire in the coming years. CSSI's mandate is to acquire cash-flowing, profitable businesses with strong financial track records and consolidate these operations, achieving operational efficiencies and enhancing the bottom line. Prime Dental brings immediate revenue-generating operations, and CSSI plans to facilitate access to previously inaccessible cutting-edge equipment, kickstarting growth.

In 2022, the dental lab industry is estimated to be a $10B market in the US (source: Grandview Research, Aug. 2021) and continues to grow. Therefore, consolidation within the industry, represented by 7,000+ privately owned businesses, is the Company's focus. In the process, Costas Inc. will be positioning itself as a leader in setting new standards for the dental lab industry. It expects to continue identifying suitable acquisitions in the coming weeks and months, focusing on becoming one of the largest operators in the industry.

About Costas: https://costas-inc.com/about-us

[devil dog 96]

Nice! Thanks for sharing..

$CSSI

[ElCollector]

Yes and I also received an email this am from James Brooks, President/CEO of SDL saying "The completion of the acquisition of Standard Dental Labs was announced on May 6th, 2022. We will continue to keep shareholders updated as progress continues."

[devil dog 96]

Looking forward for them to roll everything out. With her micro float we should see huge gains from these levels.

$CSSI

[ElCollector]

Yes expected to close and annouce in the upcoming days - we've been waiting for 5 months and hopefully PAYtience pays offs

[Natural Trader]

acquisition closed with Standard Dental Labs Inc ?:
https://standarddentallabs.com/sec-filings/

[devil dog 96]

Our day will come. Holding tight for it!

[skichic]

I can’t believe we haven’t received any updates! Not a great way to treat shareholders!

[goingUPagain]

Cssi/standard dental labs may dip a bit .. since many folks on vacation.. after Labor Day. This could fly upwards.. plan to have mega shares before sept…

[skichic]

I do not know. Apparently SDL was already owned by James Brooks, as near as I can figure. I haven’t quite figured it out, but I think he may have been buying up these small dental labs before he took over CSSI. Here is a statement from that PR that pretty much describes his thought process: “ There's no faster way to grow than through acquisition, and this industry, in particular, remains unsophisticated in the public sector.", added Brooks. I have know people that owned small dental labs, they are a nice steady income, but if you combine 50 to 100+ of them, you have an awesome cash flow, with little chance of defaults on your receivables and probably the ability to collective bargain for state of the art equipment, contracts with dentists, etc.. I think it’s a very interesting business model, not sexy like oil, crypto, the Metaverse, etc.., but really solid.

[Erfran]

The PR in your attachment dated May/06/2022 said that “…formal acquisition agreement, which is expected to CLOSE in the coming days”. Perhaps next week or before June end?!

[skichic]

Picked up some Bid support today, albeit very low Bid support, at least someone is paying attention. Now we just need to close the spread.

[skichic]

I honestly have no idea why there is no volume. Every once in awhile we see some volume out of the blue, but? I think company needs a good IR person. I keep loading on every price drop and one of these days it’ll move.

[Erfran]

According your solid analysis, highlight several crucial partnership stuffs and then the lack of volume doesn’t make sense with the great business deal, what do you think about the lack of activity when approaching the catalyst, or it is not completely sure the deal completion in the short run

[skichic]

Wow, just grabbed some cheap shares here. People aren’t doing their DD.

[skichic]

According to Standard Dental Labs old website they had, I believe, 38 individual labs and my research says James Brooks is involved with a few others in the Southern U.S.. The float here is less than 15 million, so IMO a .10 to .15 PPS is very likely and possibly much more. I believe Brooks owns over 300 million of the OS, which he could/should Imo Transfer to Preferred. If he does that the PPS could go significantly higher.

[skichic]

Costas is now Standard Dental Labs!

[skichic]

Wow there was actually some volume today! I can’t believe James Brooks hasn’t kicked CSSI into gear yet. The acquisition is complete!

[jimr1717]

That “solid base” must have been made out of Dog Shit.

[skichic]

Agreed. It’s really flying under the radar. The deal is done. I believe they have over 30 labs. The share structure is good and includes the shares they paid for Standard Dental Labs. They are shown as restricted. It would be nice if they could change them to preferred and take them out of the total OS.

[devil dog 96]

Just a matter of time before this one explodes. I'm holing tight for it.

$CSSI

[skichic]

This might be some interesting info on James Brooks, if it’s our James Brooks. Does he own this Dental Lab also? This is a quote I took off a website, when I searched his name: “ The office address of Delta Custom Dental Lab is 1920 Kirby Pkwy Germantown, Tennessee. James Brooks is the owner or official contact person(Manager). Please call Delta Custom Dental Lab at [phone] for more information about their services. We will appreciate if you let James Brooks know that you know the business and get the phone number from myMedPro.org.

[skichic]

Yes the original website said 35+ labs, which I think is correct. They changed the website, when they were acquired and will probably be updated once the deal is complete, which should be within a week.

[skichic]

This summary of SDL says they have over 200 employees:

https://www.signalhire.com/companies/standard-dental-labs-inc

[skichic]

CSSI Float = 14,738,108 (05/09/2022)

[skichic]

I love the business plan, they plan on becoming a dominate player in the 10 billion dollar dental lab business! Read this paragraph from Friday’s PR:

The business model acquired from SDL, a company incorporated in Wyoming in 2019, and controlled by Mr. Brooks, the Company's CEO, has developed branding and a detailed business plan to facilitate the acquisition of small to medium sized dental labs, of which there are thousands in the United States. Similar models have been extensively used in the medical clinic and dental clinic industries over the past 30 years, but dental laboratories remain highly fragmented. "Consolidating small, privately owned labs into larger, regionally managed facilities will bring economies of scale, and enhance competitiveness and product quality in regional markets." said Costas CEO, James Brooks.

[skichic]

Who is SDL: https://infotelligent.com/company/standard-dental-labs-inc/112780421

[skichic]

NEWS (below)! The deal is happening:

Costas, Inc. Closes Agreement To Acquire Assets of Standard Dental Labs Inc.
Press Release | 05/06/2022
ORLANDO, FL / ACCESSWIRE / May 6, 2022 / Costas, Inc. (OTCMKTS:CSSI), Costas, Inc. ("CSSI" or "the Company"). About COSTAS (CSSI): http://www.otcmarkets.com/stock/CSSI/profile.

COSTAS, INC. is a publicly traded company listed on OTCMarkets under the trading symbol ‘CSSI'. As previously announced, on February 28th, 2022, the shareholders of Standard Dental Labs Inc. ("SDL") voted unanimously in favor of accepting an offer from CSSI to acquire its assets. The Company is pleased to announce the parties have entered into a formal acquisition agreement, which is expected to close in the coming days. The completion of this acquisition will cement the Company's entry into the dental lab industry, paving the way for future acquisitions and consolidations in the industry.

The business model acquired from SDL, a company incorporated in Wyoming in 2019, and controlled by Mr. Brooks, the Company's CEO, has developed branding and a detailed business plan to facilitate the acquisition of small to medium sized dental labs, of which there are thousands in the United States. Similar models have been extensively used in the medical clinic and dental clinic industries over the past 30 years, but dental laboratories remain highly fragmented. "Consolidating small, privately owned labs into larger, regionally managed facilities will bring economies of scale, and enhance competitiveness and product quality in regional markets." said Costas CEO, James Brooks.

SDL has been actively looking for dental lab owners interested in selling their labs over the recent months. With the recently acquired consolidation model and ready to launch branding, the Company expects to identify several suitable acquisition targets in the coming weeks and months, with the goal of becoming one of the largest operators in the industry. "There's no faster way to grow than through acquisition, and this industry, in particular, remains unsophisticated in the public sector.", added Brooks.

Consolidation of this industry, currently represented by 7,000+ privately owned businesses, is now the Company's focus. The acquired business model will allow the Company to quickly identify suitable targets, to build and scale in order to become regionally competitive. In the process, the Company will be positioning itself as a leader in setting new standards for the dental lab industry.

Acquiring cash flowing, and profitable businesses with a financial track record, is Standard Dental Labs business strategy. The dental lab industry as a whole is estimated to be a $10B market in the US alone in 2022 (source: Grandview Research, Aug. 2021), but is growing steadily.

About Costas: https://costas-inc.com/about-us

[devil dog 96]

It's just a matter of time for this micro floater. I'm holding tight for the POP. $$$

$CSSI

[skichic]

We should be hearing something regarding the Standard Dental Labs acquisition soon.

[skichic]

Spread is tighter this morning, maybe getting ready to move.

[skichic]

I don’t know exact number of employees, but Standard Dental Labs is a pretty large company. That’s why CSSI is such a sleeper. When news hits the PPS could be in silver very quickly. I verified a month ago that SDL and CSSI were now using the same headquarters address, since I figured that out SDL pulled their address off their website. They also took a lot of other info off their website.

[threewheeler]

https://t.me/otcupdates/21540

[TwoThreeTrades]

Has anyone confirmed 100-500 employees? On their old website it said something about “35+ full service lab”. 35 lab locations?

[skichic]

You’re most likely correct. They are (I believe the deal is done) buying Standard Dental Labs, which involves numerous labs and employees. Those employees know what’s happening and are probably loading shares.

[devil dog 96]

I agree. Could be insiders loading before the news hits. I seen the same action many times before on other tickers right before they POP..

Hold tight with her tiny unrestricted share count she could see 10+ cents quick on the right news..

$CSSI

[nymphtyer]

Looks like insider trading before news or developments.