Dear Valued RJD Green Shareholders,
As we have finished 2022 and are now in 2023,
We continue to work diligently to execute our business model to create a substantive holding company with a focus on acquiring and managing assets and companies.
Silex Holdings Division, which offers installed granite/other countertops, cabinets and related products to the residential builder, commercial contractor, remodeling contractor and retail customers.
In the past 12 months:
RJD Green’s Construction Products Division -
In 2022
Forecast for construction activities in 2023 remains positive with the commercial market continuing to be active nationally. In Silex’s region homebuilding and remodeling are currently down by 10%. Silex’s significant high-end customer base will offset much of the volume builder and small builder decline. Nationally, by several industry professional organizations, the national decline will be 105% to 15%. The current backlog is over
The commercial division continued its revenue growth and geographic expansion with new commercial contracts awarded Silex in 2022. Silex has projected an additional
Silex Holdings home builder business will continue to grow in 2023 with two significant revenue streams as the primary focus in both markets serviced.
High-end custom homes (
Silex continues to maintain a long-term builder client base.
Silex has targeted the designer, remodel, and retail sectors for significant revenue growth from previous years. The new 4,000 square foot kitchen and bath showroom in
IoSoft Services, a Division of
IoSoft continues to pursue relationships within the initial focus is being diversified in sectors and product offerings to create a broader revenue opportunity. The TPA sector has become a slower growth in clients than was desired. IoSoft continues increasing presence in this sector; IoSoft focused on acquiring and creating software platforms for the common needs of universal sectors. This allows IoSoft to pursue custom software development and software support in sectors that include healthcare, insurance, legal, hospitality, and financial services.
Specific programs developed or refined include:
IoSoft Suites
The expedited payment systems are now teamed with claims processing and adjudication, a multi-level communications system, and accurate data collect software systems.
IoSoft’s integrated systems offer leading edge solutions for pricing and payment of claims that enhances efficiency and productivity. The software solutions can be utilized individually or as a total claims and payment management system.
IoSoft’s system offers full auto adjudication claims processing software program that maximizes automation and customer engagement through leading edge technology. The system is secure, compliant, and scalable to the payer’s specific needs.
Some of the IoSoft integrated system components include:
- Manage Claims
- Member Management
- Paper Claims Billing along with cost and time savings through Virtual Card, Digital Checks, EFT
- Track Claims
- Segregation of Claims
- Provider Information and Communications Management
Outsourced IT Needs
The services include special technology and software company projects, essential technologies support and development, help desk, and network management services. The many benefits for the active small-cap company include:
§ Cost Reductions
§ Expedited projects
§ Freeing up internal resources
§ Outside business guidance for increased profitability through technology application
§ Scalability
This effort is very synergistic with IoSoft white label focus and independent software development efforts.
In 2022, RJD was unable to procure appropriate acquisition funding term that would allow the Company adequate cash-flow for ongoing operations and growth. For 2023, RJD is in discussion with a broader sector of lenders and equity participants to overcome the high-risk terms offered in 2022.
Earthlinc Environmental Division
In 2022
Earthlinc Environmental Division is working on joint-venture and white-labeling our unique technology and product development program capabilities.
When
Merger and Acquisition
In 2022 RJDG was not successful in procuring the appropriate M & A funding program(s) which offered manageable risks in debt / equity financing. The unsteady economy, war, and political atmosphere greatly limited acquisition funding in the small-cap public company sector. Acquisition opportunities were procured, which would have moved the Company to
In 2023 RJD’s initial acquisition focus is procuring smaller product and services acquisitions that enhanced our window of opportunity for immediate revenue growth and profitability.
The inability to complete two or more substantive acquisitions is a source of consternation for RJD’s management and shareholders.
RJD is already engaged in discussions on attractive acquisition opportunities, as the small-cap market appears to be more open than any time in the past three years. RJD will maintain stringent cash-flow to acquisition value ratios necessary to create the best surety and returns for our equity partner participants, and our shareholders as we move forward this year. We are hopeful of completed results in 2023.
Profit and Loss | |||
Revenue | |||
Cost of Goods | 3,206,306 | ||
Gross Profit | |||
G & A | 1,584,694 | ||
Net Operating Profit | |||
Balance Sheets | |||
Current Assets | |||
Long-term Assets | 485,547 | ||
Total Assets | |||
Liabilities and Equity | |||
Current Liabilities | 427,106 | ||
Long-term Liabilities | 119,241 | ||
Total Liabilities | |||
Shareholder's Equity |
We will continue to update our investors with progress reports in the coming months as newsworthy occurrences happen.
We have accomplished a great deal in creating a solid operating and financial foundation platform for growth. We are targeting acquisitions that meet our growth criteria and priced within appropriate cash-flow leverage. Our focus is to continue building a stable company with rapid growth potential, and we remain committed to pursuing initiatives that maximize value for all
We very much appreciate your support and interest in our continued growth efforts.
Sincerely,
CEO,
About
The Company operates as a holding company with a focus on acquiring and managing assets and companies.
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 the evaluation of such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company's
918 551 7883
ronb@rjdgreen.com
Source:
2023 GlobeNewswire, Inc., source