Replies to post #30060 on Daniels Corporate Advisory Co Inc (DCAC)

[Slojab]

I wonder if Viola will offer up a little clarity on the content of the pr regarding Payless. Especially the claims of profitability and positive EBITDA. First it says they're already generating revenue and positive EBITDA, then it talks of potential and projections for each.

FOREST HILLS, N.Y., Aug. 14, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- The Senior Management of Daniels Corporate Advisory Company, Inc. ("DCAC") in conjunction with the Operating Management Team of its Premier Subsidiary, Payless Truckers, Inc. is pleased to announce the subsidiary model has been implemented and is generating revenue and positive EBITDA. Payless Truckers, Inc. is the first of many subsidiary development deals to come. The most promising will be brought public under the Daniels incubator umbrella. The Payless Truckers deal was chosen the premier deal because its significant earning power potential alone, after one year of operating at the projected operating levels, should give Daniels ("DCAC") the consolidated earnings to meet a major financial requirement for up-listing to a major Stock Exchange. Projections for the Payless subsidiary call for positive EBITDA of approximately $1,175,000 over the next twelve months providing all the financing necessary is raised. This conclusion is based upon the leveraging of very limited current working capital being able to generate Payless start-up sales of approximately $655,000 and positive EBITDA of $120,000, prior to finance costs.
Payless Truckers, Inc. is an early-stage operating company. It has an exciting business model that produces significant earnings potential. Payless has two business segments - the first, a "rent/lease to own model" that allows a sub-prime credit trucker with a solid driving record to haul for large trucking companies for a much larger payday than if he was receiving an employee paycheck from the same large outfits. Rental/lease payments to Payless are made weekly at the rate of $750 per week for a total of $3,200 per month. The multi-generational-trucking family, that operates Payless and who also originated a wholesale buying group, gets their pick of the highest quality tractors for the best purchase prices which are deep discount from wholesale. The corporate strategy business plan created and customized by parent and subsidiary management calls for the addition of 140 trucks to the rent/lease to own business segment during the first year of operation. At the rate of 10-12 trucks per month, it is expected to take at least a full year to achieve that run-rate rental income. Down payment amounts on each truck cover the working capital needs including all documentation, licenses, warranty extensions and necessary maintenance to place the truck on the road.
The second business segment, the "flip" business, is operating and generating initial sales of $655,000 and positive EBITDA of $120,000 prior to financing costs. Tractors are purchased, refurbished and sold for significant positive EBITDA potential. The wholesale buying group, again, makes this possible by supplying the highest quality used tractors - the latest models with the lowest mileage and electronics - our maintenance facility provides what is needed including cosmetics, and then the tractor is advertised and sold.
Planned expansion after the first year of operation could be through joint-venture with top maintenance operations in

[runningsloth]

Junk ticker POS aint going anywhere didnt even move to 3s on news i have seen enough here. Garbage viola full of B.S