EX-99.1
3
isdr_ex991.htm
PRESS RELEASE
Blueprint
Exhibit 99.1
Issuer
Direct Strengthens its Market Position by Acquiring Interwest
Transfer
Acquisition will immediately be Accretive and Expand the
Company's Customer base by 300 Plus
MORRISVILLE, NC / ACCESSWIRE / October 3, 2017 /
Issuer Direct Corporation (NYSE
MKT:
ISDR)
(the "Company" or "Issuer Direct"), an
industry-leading
communications
and
compliance
company, today announced the
acquisition of
Interwest Transfer
Company
("ITC"), a
privately held, Salt Lake City Utah-based firm specializing
in stock registrar & transfer agency services for the
last 56 years.
Issuer
Direct's strategic acquisition of ITC is intended to bolster
the Company's transfer agent business, a business where it
has found customer retention to be the longest. The trend over the
past couple years has shown that Issuer Direct's stock
transfer customers have had higher average revenues per customer
values and consume more platforms and services than other
customers. By adding the transfer agency customer base of ITC, the
Company significantly bolsters its platform potential by providing
the ITC customer base the opportunity to utilize a single-sourced,
consolidated disclosure and communication offering for
disseminating regulatory and other business information to
shareholders and the markets. For the past year, both companies
have collaborated under a strategic partnership, whereby Issuer
Direct provided Annual Meeting & Proxy management services to
select ITC customers.
ITC
will initially operate as a separate, wholly-owned entity of Issuer
Direct. However, ITC customers will have the ability to immediately
take advantage of Issuer Direct's platform offerings designed
specifically for mid and lower market cap corporate issuers. The
acquisition makes Issuer Direct one of the top 10 stock transfer
agencies in North America and is strategically aligned with the
Company's objective to increase its customer
base.
"We
have known the team at Interwest for several years, and value their
passion for having a customer first commitment to each and every
customer they serve. We plan to retain certain key employees of
ITC, and we look forward to having their talent be a part of the
family here at Issuer Direct", said Brian R. Balbirnie, Chief
Executive Officer of Issuer Direct.
"This
transaction is projected to increase our overall annual revenues by
more than 10% and more than double our core transfer business on a
stand-alone basis. With the increase in customers, we expect to
leverage off this acquisition and continue our long-term strategy,
which has been to follow the shareholder, provide deep analytics to
our customers, and use our platform to illuminate, analyze and
engage audiences globally".
The
purchase price consisted of $1.935 million in cash and 25,235
shares of common stock paid at closing and $960,000 to be paid
equally in cash over three years.
About Interwest Stock Transfer
Interwest
Stock Transfer made its first transfer in 1961, 56 years of prompt
and efficient service to our companies and the brokerage community.
They are a fully bonded agency, registered with the Securities and
Exchange Commission, and a part of the DTC (Fast) Fast Automated
Securities Transfer System. Interwest is also a member of the Stock
Transfer Association (STA). Headquartered in Salt Lake City,
Utah.
About Issuer Direct Corporation
Issuer
Direct® is an industry-leading
communications
and
compliance
company
focusing on the needs of corporate issuers. Issuer Direct's
principal platform,
Platform id.
, empowers users
by thoughtfully integrating the most relevant tools, technologies,
and services, thus eliminating the complexity associated with
producing and distributing financial and business communications.
Headquartered in RTP, NC, Issuer Direct serves more than 2,000
public and private companies in more than 18 countries. For more
information, please visit
www.issuerdirect.com
.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995
"Safe
Harbor" statement under the Private Securities Litigation
Reform Act of 1995: This press release contains forward-looking
statements concerning Issuer Direct's acquisition of ITC
including, without limitation, the potential of providing Issuer
Direct's platform services to ITC's customers,
Issuer's Direct's expectation regarding increased
annual revenues and the core transfer business and Issuer
Direct's expectation the ITC acquisition will continue its
long-term strategy. The achievement or success of the matters
covered by such forward-looking statements involves risks,
uncertainties and assumptions. If any such risks or uncertainties
materialize or if any of the assumptions prove incorrect, the
Company's results could differ materially from the results
expressed or implied by the forward-looking statements the Company
makes.
The
risks and uncertainties referred to above include - but are not
limited to - risks associated with: execution of our plans and
strategies, including; the loss of significant ITC's
customers; our ability to obtain new customers; our ability to
integrate the assets and personnel from the ITC acquisition; our
ability to sell our platform offering to ITC's customer;
general economic conditions; and changes in the competitive
dynamics in the market for communication and compliance services
and products.
Further
information on these and other factors that could affect the
Company's financial results is included in filings it makes
with the Securities and Exchange Commission from time to time,
including the section entitled "Risk Factors" in the Company's most
recent Form 10-K filed with the SEC. These documents are available
on the SEC Filings section of the Investor Relation section of the
Company's website at https://www.issuerdirect.com. All
information provided in this release is available as of October 2,
2017, and Issuer Direct undertakes no duty to update this
information.
Contact:
Brian
R. Balbirnie
Issuer
Direct Corporation
919-481-4000
brian.balbirnie@issuerdirect.com
Brett
Maas
Hayden
IR
(646)
536-7331
brett@haydenir.com
James
Carbonara
Hayden
IR
(646)-755-7412
james@haydenir.com
SOURCE:
Issuer Direct Corporation

EX - 99 . 1 3 isdr _ ex991 . htm PRESS RELEASE Blueprint Exhibit 99 . 1 Issuer Direct Strengthens its Market Position by Acquiring Interwest Transfer Acquisition will immediately be Accretive and Expand the Company 's Customer base by 300 Plus MORRISVILLE , NC / ACCESSWIRE / October 3 , 2017 / Issuer Direct Corporation ( NYSE MKT : ISDR ) ( the " Company " or " Issuer Direct " ) , an industry - leading communications and compliance company , today announced the acquisition of Interwest Transfer Company ( " ITC " ) , a privately held , Salt Lake City Utah - based firm specializing in stock registrar & transfer agency services for the last 56 years . Issuer Direct ' s strategic acquisition of ITC is intended to bolster the Company 's transfer agent business , a business where it has found customer retention to be the longest . The trend over the past couple years has shown that Issuer Direct 's stock transfer customers have had higher average revenues per customer values and consume more platforms and services than other customers . By adding the transfer agency customer base of ITC , the Company significantly bolsters its platform potential by providing the ITC customer base the opportunity to utilize a single - sourced , consolidated disclosure and communication offering for disseminating regulatory and other business information to shareholders and the markets . For the past year , both companies have collaborated under a strategic partnership , whereby Issuer Direct provided Annual Meeting & Proxy management services to select ITC customers . ITC will initially operate as a separate , wholly - owned entity of Issuer Direct . However , ITC customers will have the ability to immediately take advantage of Issuer Direct 's platform offerings designed specifically for mid and lower market cap corporate issuers . The acquisition makes Issuer Direct one of the top 10 stock transfer agencies in North America and is strategically aligned with the Company 's objective to increase its customer base . " We have known the team at Interwest for several years , and value their passion for having a customer first commitment to each and every customer they serve . We plan to retain certain key employees of ITC , and we look forward to having their talent be a part of the family here at Issuer Direct " , said Brian R . Balbirnie , Chief Executive Officer of Issuer Direct . " This transaction is projected to increase our overall annual revenues by more than 10 % and more than double our core transfer business on a stand - alone basis . With the increase in customers , we expect to leverage off this acquisition and continue our long - term strategy , which has been to follow the shareholder , provide deep analytics to our customers , and use our platform to illuminate , analyze and engage audiences globally " . The purchase price consisted of $ 1.935 million in cash and 25,235 shares of common stock paid at closing and $ 960,000 to be paid equally in cash over three years . About Interwest Stock Transfer Interwest Stock Transfer made its first transfer in 1961 , 56 years of prompt and efficient service to our companies and the brokerage community . They are a fully bonded agency , registered with the Securities and Exchange Commission , and a part of the DTC ( Fast ) Fast Automated Securities Transfer System . Interwest is also a member of the Stock Transfer Association ( STA ) . Headquartered in Salt Lake City , Utah . About Issuer Direct Corporation Issuer Direct ® is an industry - leading communications and compliance company focusing on the needs of corporate issuers . Issuer Direct 's principal platform , Platform id . , empowers users by thoughtfully integrating the most relevant tools , technologies , and services , thus eliminating the complexity associated with producing and distributing financial and business communications . Headquartered in RTP , NC , Issuer Direct serves more than 2,000 public and private companies in more than 18 countries . For more information , please visit www.issuerdirect.com . Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 " Safe Harbor " statement under the Private Securities Litigation Reform Act of 1995 : This press release contains forward - looking statements concerning Issuer Direct 's acquisition of ITC including , without limitation , the potential of providing Issuer Direct ' s platform services to ITC 's customers , Issuer 's Direct 's expectation regarding increased annual revenues and the core transfer business and Issuer Direct ' s expectation the ITC acquisition will continue its long - term strategy . The achievement or success of the matters covered by such forward - looking statements involves risks , uncertainties and assumptions . If any such risks or uncertainties materialize or if any of the assumptions prove incorrect , the Company 's results could differ materially from the results expressed or implied by the forward - looking statements the Company makes . The risks and uncertainties referred to above include - but are not limited to - risks associated with : execution of our plans and strategies , including ; the loss of significant ITC 's customers ; our ability to obtain new customers ; our ability to integrate the assets and personnel from the ITC acquisition ; our ability to sell our platform offering to ITC 's customer ; general economic conditions ; and changes in the competitive dynamics in the market for communication and compliance services and products . Further information on these and other factors that could affect the Company 's financial results is included in filings it makes with the Securities and Exchange Commission from time to time , including the section entitled " Risk Factors " in the Company 's most recent Form 10 - K filed with the SEC . These documents are available on the SEC Filings section of the Investor Relation section of the Company 's website at https://www.issuerdirect.com . All information provided in this release is available as of October 2 , 2017 , and Issuer Direct undertakes no duty to update this information . Contact : Brian R . Balbirnie Issuer Direct Corporation 919 - 481 - 4000 brian.balbirnie@issuerdirect.com Brett Maas Hayden IR ( 646 ) 536 - 7331 brett@haydenir.com James Carbonara Hayden IR ( 646 ) - 755 - 7412 james@haydenir.com SOURCE : Issuer Direct Corporation