Quest Solution Retains Hayden IR to Develop Comprehensive Investor Relations Program Focused on Increasing Awareness and Enhancing Shareholder Value
HENDERSON, NV / ACCESSWIRE / February 5, 2015 / Quest Solution, Inc., "The Company" (QUES), today announced that it has retained Hayden IR to help increase awareness with the professional investment community. Hayden IR is a 15-year old, highly-recognized national investor relations firm that will raise Quest Solution's visibility and strengthen its relationships with the investment community, with the goal of ultimately enhancing shareholder value.
"With the recent acquisition of Bar Code Specialties, Inc. (BCS), Quest Solution is now positioned to exploit the significant operating efficiencies, and leverage incremental revenue growth which will drive going forward, as well as the additional reduction in corporate costs as the businesses are fully integrated," commented Jason Griffith, Chief Executive Officer of Quest Solution, Inc. "With this milestone acquisition in place, we believe it is an appropriate time to retain a national investor relations firm to help us target and expand our investor audience and ensure we are communicating effectively with Wall Street. We look forward to working with the team of professionals at Hayden IR to execute this important goal."
With offices in New York, Phoenix, and Minneapolis, Hayden IR provides a comprehensive range of investor relations services. Hayden IR connects emerging growth companies with institutions, independent portfolio managers, buy-side and sell-side analysts, family offices, retail brokerage firms and accredited individual investors though a comprehensive, multi-tier proactive program. Hayden's team of IR professionals draw from "Wall Street," finance, agency and media backgrounds and continuously strive to maximize the ongoing corporate visibility and market capitalization of clients though a comprehensive, multi-tier proactive program.
Brett Maas, Managing Partner of Hayden IR, added, "Quest Solution represents a compelling opportunity as they are one of the only 'one-stop', fully integrated mobile solution providers offering design, delivery, deployment and support. The Company has a diverse, scalable business model, with multiple revenue sources including hardware, software service and maintenance. Over their 21 year history, the company has a customer retention rate of close to 100% and typical contracts run 24-36 months before renewal. In addition, Quest is growing the portfolio of technologies it supports including barcode, RFID, wireless, printing and labeling, Wi-Fi, cellular, mobile computing, tablet computing, GPS, and Voice Recongnition increasing revenue per client, and expanding the portfolio of products provided to individual clients through the cross-marketing of complementary functions, accelerated by the acquisition of BCS. The team at Hayden IR looks forward to articulating this opportunity to the professional investment community." http://haydenir.com clear difference between existing and new IR firms...
Brett Maas - managing partner
"Prior to joining Hayden IR, Brett worked at a Southwest-based Investor Relations Firm and as a licensed broker in the securities industry. Brett has an extensive network of contacts in the financial community and has been pivotal in making key introductions for our clients to facilitate road shows, conference calls and general advice on presentation material." ...comparable company already working with Hayden...
American Software Inc (AMSWA:NASDAQ) http://haydenir.com/wp-content/uploads/2014/02/american_software.pdf
AMSWA has a current P/S ratio of 2.49
$99 Million in Revenue
25.6 Million O/S
$247 Million Market Cap
QUES proforma revenues we still see around P/S ratio of 0.20
$63 Million est. in Revenue Pro-Forma in 2014
33.7 Million O/S
$12.8 Million Market Cap