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Tuesday, January 10, 2017 12:40:12 PM
The Company's large increase in quarter-over-quarter revenue is being credited to the acquisition of Expressions Chiropractic & Rehab. The President of Dig-It Underground, Inc., Mr. Lenoid Chernyakhovsky, commented on the latest financial results, "Our team of leaders and directors have been very diligent to plot a course that will create major revenue growth and lead to strong yields. The first step we defined was the acquisition of Expressions Chiropractic & Rehab and that acquisition is proving to be a powerful catalyst in our continued growth and progress."
This announcement comes after the company posted a 111% increase in profits year-over-year from 2015's 2nd Quarter net profit. Mr. Chemyakhovsky stated that the company was poised to continue and build on these incredible developments, "We are definitely not satisfied, this is step one of a very detailed plan and we are already turning our eyes towards two other acquisition targets that will continue our revenue and profit growth. Our team is focused, our plan is defined and so far our execution has been very good."
Expressions Chiropractic & Rehab, a wholly owned subsidiary, currently has three locations in the Dallas/Fort Worth, Texas Metroplex area. Having operated for more than ten years, the operation is providing crucial stability to the company's other growth and expansion plans. Mr. Chernyakhovsky added, "Our ability to stabilize earning and income at these new levels, is giving us the strength we need to move forward with our growth plan and continue to target larger and even more profitable acquisitions and continue to experience these record breaking numbers."
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