TULSA, OK, Sept. 26, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- RJD Green (OTCPK: RJDG) announced the Silex Holdings Division’s Symmetrical Acquisition Discussions.
RJD Green Inc. announced Silex Holdings has entered into a Memorandum of Understanding with a well-established cabinet manufacturer in the Mid-West United States market. The agreement calls for initial due diligence and binding Letter of Intent completion by November 30, 2018, and a targeted closing of sixty days post execution of the letter of intent.
Ron Brewer, CEO of RJD Green Inc., states, “The two companies offer an excellent fit with additional cabinet distribution revenues offered by Silex Holdings, and increased profitability to Silex in their cabinet revenues. The initial projections by the companies reflect a ten percent increase in profitability. Upon consummation of this acquisition, the Silex Holdings Division total annual revenue would be over $10,000,000 annually prior to the organic revenue growth expected.”
About RJD Green, Inc.
The Company operates as a holding company with a focus of acquiring and managing assets and companies with tangible growth capabilities. RJD Green operates in three divisions: RJD Green Healthcare Services Division, which holds interest in IoSoft Inc, a company that provides discrete payment technologies, services and software that can be integrated into targeted offerings for healthcare provider networks, hospitals, healthcare payers and individual providers: Earthlinc Environmental Services Division, which provides green environmental services and technologies; Silex Holdings Division, which is engaged in specialty construction and industrial manufacturing and fills a market niche between the Home Depots and local contractors. Silex offers installed granite/other counter tops, cabinets and related products to the residential builder, commercial contractor, remodel contractor and retail customer. Visit http://www.rjdgreen.com.
Forward-looking Statement:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events of future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluation such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings.