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Investor relations contact information
Attn: Aslam Khatri
939 Selkirk ave.
Pointe-Claire, Quebec
H9R 4S4
Tel. (514) 693-2117
Fax.(514) 693 2177
Toll free. 1 800 693-2117
investors@divcomlighting.com
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Divcom Lighting Inc. Announces the Results for its Second
Quarter Ended May 31, 2008
(July 16, 2008)
Divcom Lighting Inc. (the "Company" or "Divcom") announced today results for its second quarter ended May 31, 2008. (more)
Divcom Announces Results for the Year Ending November 30, 2007 (February 28, 2008)
Divcom Lighting Inc. (the "Company" or "Divcom") announced today results for its operations for the year ending
November 2007. (more)
Divcom Lighting Completes Private Placement and Debt Reorganization to Increase Its Working Capital by $2.25 Million (November 21, 2007)
Divcom Lighting Inc. (the "Company" or "Divcom") a leading North American manufacturer of energy
efficient lighting products, today announced the closing of a non-brokered
private placement of common shares at a price of $0.148 per share raising
gross proceeds of approximately $1,000,000. Mr. Aslam Khatri, President and
Chief Executive Officer of Divcom, acquired 2,702,703 common shares as part of
the private placement for an aggregate purchase price of $400,000.(more)
Divcom Lighting Reports 2007 Third Quarter Financial Results (October 15, 2007)
Divcom Lighting Inc. (the "Company" or "Divcom") a leading manufacturer of energy efficient lighting products throughout North America, today reported its financial results for the three and nine-month periods ended August 31, 2007.(more)
Divcom Lighting Closes Multi-Million Dollar per Year Agreement with Home Depot Canada to Launch Illume Energy Efficient Lighting Program (October 12, 2007)
Divcom Lighting Inc. (the "Company" or "Divcom") a leading manufacturer of energy efficient lighting products throughout North America, today announced it has concluded a multi-million dollar per year agreement with Home Depot Canada to launch the “Illume” energy efficient lighting program in all Home Depot stores across Canada.(more)
Divcom Lighting Posts Second Quarter 2007 Financial Results (July 13, 2007)
Divcom Lighting Inc. (the "Company" or "Divcom") a leading manufacturer of energy efficient lighting products throughout North America (TSX: DVQ), announced today its unaudited consolidated financial results for the three-month period ending May 31, 2007.(more)
eResearch Issues Initiating Report on Divcom Lighting Inc. (July 5, 2007)
eResearch analysts, Bob Leshchyshen, MBA, CFA, and Bob Weir, B.Sc., B.Comm., CFA, have written an Initiating Report on Divcom Lighting Inc. (TSX:DVQ)(more)
Divcom Lighting Posts First Quarter 2007
Financial Results (April 13, 2007)
Divcom Lighting Inc. (the "Company" or "Divcom") (DVQ:TSX) rannounced today its unaudited consolidated financial results for the three-month period ending February 28, 2007.(more)
Divcom Lighting 2006 annual results provide strong platform for growth in 2007 (February 28, 2007)
Divcom Lighting Inc. (the "Company" or "Divcom") (DVQ:TSX) released today its audited financial statements for the year ended November 30, 2006 ("2006" or "fiscal 2006").(more)
Divcom Lighting Completes Restructuring Ahead of Schedule (December 13, 2006)
Divcom Lighting Inc. (TSX: DVQ) announced today that the previously announced reorganization of sales and manufacturing operations into four power centers is now complete.(more)
Divcom Lighting to Begin Trading on the Toronto Stock Exchange (November 23, 2006)
Divcom Lighting Inc., (“Divcom” or the “Company”) (TSX-V: DVQ) (TSX: DVQ) is pleased to announce that its common shares will be listed and commence trading on the Toronto Stock Exchange ("TSX") at the opening on November 23, 2006.(more)
Divcom Enjoys Strong Commercial Sales In Third Quarter (October 16, 2006)
Divcom Lighting Inc., (“Divcom” or the “Company”) (TSX-V: DVQ) announced today its unaudited consolidated financial results for the three month period ending August 31, 2006. The quarter was characterized by strong growth in commercial sales offset in part by a slowdown in retail sales. Earnings before interest, taxes, depreciation and amortization grew 11% to $1.2 million.(more)
Strong Sales and EBITDA Growth Characterize Divcom Lighting Second Quarter (July 6, 2006)
Divcom Lighting Inc., (“Divcom” or the “Company”) (TSX-V: DVQ) announced today its unaudited consolidated financial results for the three month period ending May 31, 2006. The quarter was characterized by strong growth in sales and EBITDA, and by a growing sales backlog.(more)
Divcom Lighting Announces Release of Second Quarter 2006 Financial Results and Conference Call (July 4, 2006)
Divcom Lighting Inc., (“Divcom” or the “Company”) (TSX-V: DVQ) announced today that it will release its financial results for the three months ending May 31, 2006 at 8:00 a.m. on July 6, 2006.(more)
Divcom Lighting Successfully Showcases Commercial Product Lines at Lightfair International (June 6, 2006)
Divcom Lighting Inc., (“Divcom” or the “Company”) (TSX-V: DVQ) announced today that its sales and marketing team has successfully showcased Divcom’s growing package of energy-efficient commercial product lines at Lightfair International, the world’s largest architectural and commercial lighting show held last week in Las Vegas, Nevada.(more)
Divcom Releases Second Quarter Guidance and Provides Sales Marketing and Operations Update (May 10, 2006)
Divcom Lighting Inc., (“Divcom” or the “Company”) (TSX-V: DVQ) provided investors today with guidance on second quarter revenues and an update
on sales, marketing and operations.(more)
Divcom Lighting Introduces Solid State L.E.D. Lighting Fixtures for Interior and Exterior Residential Consumer Applications (May 9, 2006)
Divcom Lighting Inc., (“Divcom” or the “Company”) (TSX-V: DVQ) announced today the Company is launching two lines of solid state LED (light emitting diode) lighting fixtures for interior and exterior consumer markets.(more)
Divcom Lighting first quarter 2006 financial results on target (April 11, 2006)
Divcom Lighting Inc., (“Divcom” or the “Company”) (TSX-V: DVQ) announced today its unaudited consolidated financial results for the three-month period ending February 28, 2006.(more)
Divcom Lighting Records Strong Earnings Growth In Fiscal 2005 (March 20, 2006)
Divcom Lighting Inc., (“Divcom” or the “Company”) (TSX-V: DVQ) released today its audited financial statements for the year ended November 30, 2005 (“2005” or “fiscal 2005”). (more)
Divcom Lighting Announces Release of Audited Annual Financial Statements and Conference Call (March 15, 2006)
Divcom Lighting Inc., (“Divcom” or the “Company”) (TSX-V: DVQ) announced today that it will release its audited financial results for the year ending November 30, 2005 at 8:00 a.m. on March 20, 2006. (more)
Divcom Lighting Inc. Graduates To Tier 1 Status On The TSX Venture Exchange (February 16, 2006)
Divcom Lighting Inc., (“Divcom” or the “Company”) (TSX-V: DVQ) is pleased to announce that it has achieved Tier 1 status on the TSX Venture Exchange, effective February 15, 2006. This reclassification recognises the current financial strength of the Corporation. (more)
Divcom Lighting Inc.: Normal Course Issuer Bid (January 17, 2006)
Divcom Lighting Inc., (“Divcom” or the “Company”) (TSX-V: DVQ) announced today that it has received approval from the TSX Venture Exchange (the "Exchange") to renew its normal course issuer bid for up to 2,965,777 Common Shares of Divcom, being 10% of Divcom's "Public Float" as defined in the policies of the Exchange. (more)
Divcom’s Shares Now Eligible For Quebec’s Sme Growth Stock Plan
(January 16, 2006)
Divcom Lighting Inc., (“Divcom” or the “Company”) (TSX-V: DVQ) announced today that its common shares now qualify as eligible shares for coverage purposes pursuant to the Quebec SME Growth Stock Plan. (more)
Divcom Lighting Strengthens U.S. Presence and Enters U.S. “Big box” Stores Via Accretive Acquisition. (December 15, 2005)
Divcom Lighting Inc., (“Divcom” or the “Company”) (TSX-V: DVQ) announced today that it has acquired substantially all of the assets of The Adjusta-Post Manufacturing Company (“Adjusta-Post”), an Ohio-based manufacturer of outdoor lighting fixtures (more)
Divcom Lighting Third Quarter 2005 Revenues and Earnings on Track. Completed AL+D Rationalization will Reduce Costs. (October 12, 2005)
Divcom Lighting Inc., (“Divcom” or the “Company”) (TSX-V: DVQ)announced today its unaudited consolidated financial results for the three-month and nine-month periods ending August 31, 2005. (more)
Divcom Lighting to Announce Third Quarter 2005 Financial Results and Hold Conference Call. (October 7, 2005)
Divcom Lighting Inc., (“Divcom” or the “Company”) (TSX-V: DVQ)announced today that it will release its unaudited financial results for the three months ending August 31, 2005 at 8:00 a.m. on October 12, 2005. (more)
Divcom Lighting Provides Guidance on Third Quarter 2005 Revenues and Comments on Operations. (August 4 , 2005)
Divcom Lighting Inc. ("Divcom" or the "Company") (TSX-V: DVQ) provided guidance to
shareholders today on third quarter 2005 revenues and operating results. The Company’s third quarter ends on August 31, 2005. (more)
Divcom Lighting second quarter net earnings per share rise 48% on growing sales and wider margins. (July 14 , 2005)
Divcom Lighting Inc. ("Divcom" or the "Company") (TSX-V: DVQ) announced today its unaudited consolidated financial results for the three-month and six-month periods ending May 31, 2005. During the quarter, Divcom made significant progress in achieving its profitability targets. (more)
Divcom Lighting to Announce Second Quarter 2005 Financial Results and Hold Conference Call. (July 13 , 2005)
Divcom Lighting Inc., (“Divcom” or the “Company”) (TSX-V: DVQ)announced today that it will release its unaudited financial results for the three months ending May 31, 2005 at 8:00 a.m. on July 14, 2005. (more)
Divcom Lighting Announces New Board Committees and New Corporate Governance Practices. Manufacturing synergies to remove $500,000 in overhead expenses. (June 9, 2005)
Divcom Lighting (“Divcom” or the
“Company”) (DVQ: TSX Venture Exchange) announced today that
revenues for the second quarter ending May 31, 2005 were $6.2 million,
exceeding the Company’s previously announced estimate of $5.8 million
provided to shareholders as guidance in a news release dated May 3,
2005. Second quarter revenues increased by 52% compared to second
quarter 2004 revenues of $4.1 million. Revenues for the first six months
ended May 31, 2005 were $10.95 million compared to $6.3 million for
the same period last year, an increase of 73%.(more)
Divcom Lighting Announces New Board Committees and New Corporate Governance Practices. (May 11 , 2005)
At the meeting of the board of directors of Divcom Lighting Inc. (“Divcom” or the “Corporation”) (TSX-V: DVQ) held immediately following Divcom’s annual and special meeting on May 3, 2005, the board amended its committee structure and adopted or replaced the mandates of the board committees. (more)
Divcom Lighting Issues Second Quarter Revenue Guidance and Shareholders Elect New Directors. (May 3rd , 2005)
At the annual and special meeting of shareholders of Divcom Lighting Inc., ("Divcom") (TSX-V: DVQ) held today, management provided guidance on second quarter 2005 revenues. Shareholders also elected two new independant directors, Mr. Edmund Ho and Mr. Vitale Santoro. (more)
Divcom Lighting results for First Quarter 2005. (April 21st , 2005)
Divcom Lighting Inc., ("Divcom" or the "Company") (TSX-V: DVQ) announced today its unaudited consolidated financial results for the three-month period ending February 28, 2005. (more)
Divcom Lighting Announces Release Date of First Quarter 2005 Financial Results and Conference Call. (April 19th , 2005)
Divcom Lighting Inc., ("Divcom" or the "Company") (TSX-V: DVQ) announced today that it will release its unaudited financial results for the three-months ending February 28, 2005 at 8:00 a.m. on April 21, 2005. (more)
Divcom Posts Financial Results. Growth Strategy is on Track. (March 16th , 2005)
Divcom Lighting Inc., ("Divcom" or the "Company") (TSX-V: DVQ) today announced its audited consolidated financial results for the twelve-month period ending November 30, 2004.(more)
Divcom Lighting Announces Release of Audited Annual Financial Statements and Conference Call (March 9th , 2005)
Divcom Lighting Inc., ("Divcom" or the "Company") (TSX-V: DVQ) announced today that it will release its audited financial results for the year ending November 30, 2004 at 8:00 a.m. on March 16, 2005.(more)
Divcom Lighting Resolves Final Outstanding Regulatory Issue (December 2nd , 2004)
In the context of a compliance and disclosure review initiated by the
TSX Venture Exchange (the “Exchange”) and disclosed by Divcom Lighting Inc. (“Divcom”) in
a press release dated August 9, 2004, the Exchange noted that 625,000 warrants, each
exercisable for one common share until October 24, 2003, were exercised by their holders
subsequent to their expiry in 2003 or were issued with an expiry date in 2003 different than the
date specified in the Exchange’s acceptance notice, and that the exercise of these warrants
was not disclosed publicly.(more)
Divcom Lighting Acquires Eclairages Linogene Inc (November 23rd , 2004)
Aslam Khatri, President & CEO of Divcom Lighting Inc., ("Divcom") today announced that Divcom has acquired 100% of the issued and outstanding securities of Eclairages Linogene Inc. ("Linogene") a privately held lighting company based in Prévost, Quebec. The total consideration to be paid for Linogene is $3.8 million, of which $2.2 million was paid in cash. The balance of $1.6 million is to be paid in three equal annual payments commencing one year from the date of closing. (more)
Divcom Announces Third Quarter Results (October 13th , 2004)
Divcom Lighting Inc. (“Divcom”) is pleased to announce the results for the nine-month period ended August 31, 2004:
• Revenues for the nine-month period up by 230% to $12.2 million
• Net earnings for the nine-month period up by 66% to $839,000
• Revenues for the three-month period up by 333% to $5.9 million
• Net earnings for the three-month period up by 233% to $470,000 (more)
Divcom Lighting Inc. Normal Course Issuer Bid (October 6 , 2004)
Divcom Lighting Inc. ("Divcom") announced today that it has received approval from the TSX Venture Exchange to make a normal course issuer bid for up to 3,011,148 Common Shares of Divcom, being 10% of Divcom's "Public Float" as defined in the policies of the Exchange. (more)
Divcom Announces Management Changes (October 4 , 2004)
The Board has appointed Deric Vourantonis, C.A. to the position of Vice-President, Finance. He will be assuming the responsibilities of Diane Leger-Khatri, who has been acting as interim Chief Financial Officer. Ms. Leger-Khatri will continue to serve as the corporation’s Executive Vice-President. Mr. Vourantonis is a chartered accountant with experience advising public companies, including on financial reporting and tax issues. (more)
Divcom Nominates Jonathan Labranche as Corporate Secratary (August 16 , 2004)
Divcom Lighting Inc. is pleased to announce the nomination of Jonathan Labranche as corporate secretary of the company, succeeding to Diane Leger-Khatri who will focus on her functions as Senior Vice-President as well as the day to day operations of Divcom. Working with the management and reporting to the Board of Directors, Mr. Labranche will assist Divcom with all of its disclosure and corporate governance practices, which include regulatory filings and requirements. (more)
Divcom Announces Appointment of General Manager For Its Diversified Architectural Lighting Division (August 11 , 2004)
Divcom Lighting Inc. is pleased to announce the appointment of Mr. Jean Pierre Riendeau, to the position of General Manager of Diversified Architectural Lighting Inc.a subsidiary of Divcom. Mr. Riendeau’s appointment was necessary due to Divcom’s and Diversified’s growth. (more)
Compliance and Disclosure Review (August 6 , 2004)
Divcom Lighting Inc. (“Divcom”) (TSX-V: DVQ) wishes to confirm that it has satisfactorily addressed concerns raised by the TSX Venture Exchange regarding its compliance and disclosure review, and that the halt in trading will been lifted, and therefore trading will resume on Monday August 9, 2004. (more)
Divcom Announces Second Quarter Financial Results (July 16 , 2004)
Divcom Lighting Inc. is pleased to announce its results for the first six months ended May 31, 2004. Revenues for the six-month period ended May 31, 2004 were $6.3 million, an increase of 172% compared to $2.3 million recorded in the six-month period ended June 30, 2003. Revenues for the three-month period ended May 31, 2004 were $4.1 million, an increase of 223% compared to $1.3 million recorded in the three-month period ended June 30, 2003. This increase is mainly attributed to continued internal growth as well as the inclusion of revenues of recently acquired subsidiaries. (more)
Divcom Completes Acquisition of Environmental Lighting Inc. (June 8 , 2004)
Aslam Khatri, President & C.E.O. of Divcom Lighting Inc. (TSX.V-DVQ) today announced that, pursuant to a previously announced letter of intent, Divcom has acquired 100% of the issued and outstanding securities of Environmental Lighting Inc, a privately held lighting company based in Toronto. The aggregate purchase price was $1,243,000, consisting of a $700,000 cash payment at closing, $300,000 balance of purchase price payable in equal annual instalments starting July 1, 2005 and the issuance of 270,000 common shares of Divcom at a deemed price of $0.90 per share. (more)
Divcom Completes Acquisition of Dinico Products Inc. (May 28 , 2004)
Aslam Khatri, President & C.E.O. of Divcom Lighting Inc., today announced that, pursuant to a previously announced letter of intent, the Corporation has acquired 100% of the issued and outstanding securities of Dinico Products Inc, a privately held lighting company based in New Jersey, U.S.A. Dinico is a manufacturer of cast aluminium outdoor luminaires for residential and commercial applications. Dinico’s high quality products are similar to those of Divcom’s Snoc subsidiary. The total consideration for Dinico shares was US$400,000 and, in addition, Divcom will inject approximately $1 million into Dinico’s working capital to fund its growth. (more)
Divcom Announces Completion of $9,000,000 Financing. (April 27 , 2004)
Divcom Lighting Inc. (“Divcom”) (TSX-V: DVQ) is pleased to announce that it has completed the previously announced private placement of 10,000,000 common shares of Divcom at a price of $0.90 per common share for gross proceeds of $9,000,000. The issued common shares will be subject to a four month hold period. Dlouhy Merchant Group Inc. acted as sole agent for the private placement. (more)
Divcom Announces Intention to Complete a $9,000,000 Financing. (April 20 , 2004)
Divcom Lighting Inc. (“Divcom”) (TSX-V: DVQ) is pleased to announce that it has entered into an agency agreement with Dlouhy Merchant Group Inc. (“Dlouhy”), in connection with a proposed private placement in the provinces of Quebec and Ontario of up to $9,000,000. The proposed private placement will consist of up to 10,000,000 common shares of Divcom at a price of $0.90 per common share. The issued common shares will be subject to a four month hold period. Closing of the private placement is subject to a number of customary conditions, including obtaining all required regulatory approval and is expected to occur on or about April 27, 2004. (more)
Divcom Reports Continued Growth in First Quarter 2004. (April 16 , 2004)
Divcom Lighting Inc. is pleased to announce its results for the first quarter ended February 29, 2004. Revenues for the three-month period ended February 29, 2004 were $2.2 million, an increase of 110% compared to $1.0 million recorded in the three-month period ended March 31, 2003. This increase is mainly attributed to continued internal growth as well as the inclusion of revenues of recently acquired Snoc Inc. (more)
Divcom Announces Strategic Acquisitions. (March 26 , 2004)
Divcom Lighting Inc. is pleased to announce that it has signed Letters of Intent to acquire Dinico Products Inc. of New Jersey, U.S.A. and Environmental Lighting Inc, of Toronto, Ontario. In 2003 the combined revenues of the two companies were approximately $4.3 million, and normalized earnings were approximately $600,000. Divcom anticipates that the two acquisitions will be accretive to earnings starting in the current year. (more)
Divcom Posts Results for 11 Month Period Ended November 30, 2003
(February 18 , 2004)
Revenues for the 11 month period ended November 30, 2003 were $4.6 million, compared to the 12 month period ended December 31, 2002 of $3.6 million, an increase of 29%. Eleven month earnings were $472 thousand, or $0.03 per share, compared to the 12 month period ended December 31, 2002 of $453 thousand, or $0.04 cents per share. EBITDA for the 11 month period ended November 30, 2003 increased 36% to $936 thousand, compared to $689 thousand for the12 months ended December 31, 2002. (more)
Divcom's Retail Divisions Triumph at Toronto and Dallas Lighting Shows
(January 28 , 2004)
Divcom Lighting Inc. is pleased to announce that its recently acquired subsidiaries, Lampada Lighting Inc. and Snoc Inc, both had very successful showings at the Toronto and Dallas lighting trade fairs during the last two weeks. Both companies obtained important first-time orders throughout Canada and the United States. (more)
Banner Year for Divcom Heralds Changes (December 2 , 2003)
Pursuant to a banner year in growth and acquisitions, Divcom Technologies Inc. is pleased to announce that it is making the following changes:
• The Company’s corporate name, Divcom Technologies Inc., has been changed to Divcom Lighting Inc.
• The December 31st fiscal year end has been changed to November 30th.
• The company’s auditors are now Horwath Appel, Chartered Accountants. (more)
Divcom Acquires Snoc Inc. for $8.6 Million - Triples Its Current Revenue
(November 13 , 2003)
Aslam Khatri, President & C.E.O. of Divcom Technologies Inc., today announced that the Corporation has acquired 100% of the issued and outstanding securities of Snoc Inc, a privately held lighting company based in St. Hyacinthe, Quebec. Snoc is Canada's leading manufacturer of cast aluminium outdoor luminaires for residential and commercial applications. (more)
Divcom Posts Continued Growth, Major Acquisition to Close by Mid-November, 2003
(November 4 , 2003)
Revenues for the nine-month period ended September 30, 2003, were $3.7 million, compared to $3.1 million for the same period last year, an increase of 20%. Revenues for the three-month period ended September 30, 2003, were $1.3 million, compared to $1.1 million for the same period last year, an increase of 18%. (more)
Divcom Closes $1.9 Million Private Placement (August 22 , 2003)
Divcom Technologies Inc. (“Divcom”) (TSX-V: DVQ) today confirmed the closing of the previously announced private placement for gross proceeds of $1,902,470. Dlouhy Merchant Group Inc. acted as agent for the private placement. The proceeds of this rivate placement are to be used for general corporate purposes and working capital. “With a strong balance sheet and sufficient liquidity, we are now wellpositioned to execute our business plan of becoming an important North American lighting manufacturer,” said Mr. Khatri, President & C.E.O of Divcom. (more)
Divcom Announces Second Quarter Financial Results (August 21 , 2003)
Divcom Technologies Inc. today announced its financial results for
the six month period ended June 30, 2003.
• Revenues increased 20% to $2,003 thousand.
• Net earnings increased 23% to $363 thousand.
• EBITDA of $555 thousand or 24% of revenues.
Revenues for the six month period ended June 30, 2003, were $2,306 thousand, compared to $1,925 thousand for the same period last year, an increase of 20%. Revenues for the three month period ended June 30, 2003, were $1,266 thousand, compared to $1,032 thousand for the same period last year, an increase of 22%. (more)
Divcom Acquires Moore Lambert of South Carolina (August 14 , 2003)
Divcom announced today that it has acquired Moore Lambert Lighting Inc. Based in South Carolina, Moore Lambert specializes in the design, manufacture and distribution of energy-efficient lighting fixtures for hospitality, institutional and multi-family housing projects. (more)
Divcom Announces Intention to Complete a $2,000,000 Financing (August 5 , 2003)
Divcom Technologies Inc. (“Divcom”) (TSX-V: DVQ) is pleased
to announce that it has entered into an agency agreement with Dlouhy Merchant Group Inc. (“Dlouhy”), in connection with a proposed private placement in the provinces of Quebec and Ontario in an amount of up to $2,000,000. The proposed private placement will consist of units of Divcom at a price of $0.31 per unit, each unit being comprised of one common share of Divcom and one-half of one common share purchase warrant. (more)
Divcom Reports 1st Quarter 2003 Results (May 27 , 2003)
Aslam Khatri, president and C.E.O, reported that sales were up by 16% to $1,040 thousand for the first three months ended March 31 st , 2003, compared to $893 thousand for the same period last year. Earnings were up to $157 thousand for the same period, compared to $102 thousand for the same period last year, an increase of 54%. Cash flow from operations more than doubled to $210 thousand for the period, compared to $104 thousand for the same period last year. Return on equity was 45%. (more)
Divcom Posts Year-End Results (May 6 , 2003)
Mr. Aslam Khatri, President and CEO of Divcom Technologies Inc. (“Divcom”) www.divcomtech.com, an emerging group of lighting companies, today announced the record earnings of Divcom for the year ended December 31, 2002. “We met our 2002 objectives,” declared Mr. Khatri. For the year ended December 31, 2002, total revenues increased by 8% to $3.6 million, compared to $3.3 million last year. Net income from operations was $453 thousand or $0.04 per share, compared to a net loss of ($176) thousand or ($0.04) per share for last year. Cash flow from operations for the year was $625 thousand, compared to $214 for last year. (more)
Divcom Receives a $400,000 Purchase Order (April 15 , 2003)
Divcom Technologies Inc. is pleased to announce that it has received a purchase order for $400,000 to light a major convention centre in Puerto Rico. Ongoing efforts to market Eclatec products in the North American market has resulted in Divcom winning this prestigious job. “This is a great accomplishment for Divcom,” declared Joey Khatri, Vice-President Sales and Marketing. “We have worked very hard to introduce the Eclatec products to the engineers and specifiers throughout North America, and these efforts are now paying off.” (more)
Divcom Proposes Name Change (April 15 , 2003)
Divcom announced today that it would seek Shareholders approval to change its name from Divcom Technologies Inc. to DIVCOM LIGHTING INC. The company continues to increase its market share of its existing and Eclatec product lines. In addition the company is also in process of making acquisitions that will increase its revenues substantially. (more)
Strategic Acquisition for Divcom (March 4 , 2003)
Divcom Technologies Inc., Montreal, Quebec, is pleased to announce that it has acquired 100% of Luminaire Lampada Inc. Based in Montreal, Quebec, Lampada specializes in the manufacture and distribution of high-end hospitality, custom and commercial lighting. (more)
Divcom Announces Private Placement (January 27 , 2003)
Divcom Technologies Inc. is pleased to announce that, subject to the approval of the TSX Venture Exchange, it has agreed to a non-brokered private placement of Convertible Debentures in denominations of $1,000 (the "Offering") to an arm's length party (the "Subscriber") for gross proceeds of $250,000. (more)
Divcom Announces the Completion of a $200,000 Financing (December 19 , 2002)
Divcom Technologies Inc. (“ Divcom ”) (TSX-V: DVQ) is
pleased to announce that it has completed a $200,000 dollar financing with Le Fonds
d’investissement RÉA Inc. (“ Fonds REA ”). (more)
Third Quarter Results 2002 (November 27 , 2002)
Divcom Technologies Inc. is pleased to announce the results of its operations for the nine month period ended September 30, 2002. Revenues for the three months ended September 30, 2002 were $1,142 thousand compared to $507 thousand for the same period last year, an increase of 125%. Revenues for the nine month period ended September 30, 2002 were $3,067 thousand compared to $2,465 for the same period last year, an increase of 25%. This is the fifth consecutive quarter with a growth in revenues. (more)
Closing of Private Placement of 150,000$ (August 27 , 2002)
Divcom Technologies Inc. is pleased to announce the closing of the 1 tranche of its previously announced Private Placement.
This non-brokered private placement is for 600,000 units comprising of 1 share at a deemed price of 0.25$ and 1 warrant entitling the holder of acquiring another common
share at a price of 0.40$. (more)
Divcom to Light City of Lights ( Las Vegas) (August 12 , 2002)
Divcom Technologies Inc of Montreal is pleased to announce that it has received an order from the city of Las Vegas to provide architectural designed urban lighting for one of the city municipal parks. The company has received an order in the amount of $80,000.00 considered to be the first of many other projects to come. (more)
Divcom Q2 Financial Results (August 6 , 2002)
Revenues for the three months ended June 30, 2002 were $1,032 thousand compared to $747 thousand for the same period last year, and increase of 38%. Revenues for the six month period ended June 30, 2002 were $1,925 compared to $1,958 for the same period last year. This is the fourth consecutive quarter with a growth in revenues (more)
Divcom Arranges $250 Thousand Financing (July 11 , 2002)
Divcom Technologies Inc. today announced that it is making application to the TSX Venture Exchange to complete a non-brokered private placement financing of $250 thousand. (more)
Divcom Second Quarter Revenues up 38% (July 8 , 2002)
Divcom Technologies Inc. is pleased to announce that it has
met its expectations for the second quarter ended June 30, 2002. Revenues were
$1,032 thousand compared to $747 thousand for the same period last year, an internal
growth of 38%. (more)
Divcom Announces 1st Quarter Results (May 10 , 2002)
• 1st quarter revenues $893 thousand. Run rate of $ 3.6 million.
• Net income of $102 thousand or $0.01 per share. Run rate of $.04 per share.
• Substantial increase in margins.
• Free cash flow generated $104 thousand..
• Virtually debt-free; strong fundamentals.
• Solid order back log. Strong Quotation activity.
• Net Tangible book value of $0.09 per share giving effect to recently announced Private Placement.
• Budget revenues for 2002 in excess of $5.million.
• Budget EPS for 2002 $0.05 per share.
• Planned growth through acquisitions.
• Ready to graduate to tear 1. (more)
Divcom Third Consecutive Year of Growth (April 18 , 2002)
• Revenues up 11% to $3.3 million (third year in a row for revenue growth).
• Cash flow generated during the year was $214 thousand, or $0.02 per share.
• 4th quarter earnings a record $140 thousand, or $0.01 per share.
• Improved and strong financial ratios.
• Virtually debt-free. (more)
Divcom Nominates Director (April 3 , 2002)
Divcom Technologies Inc., Montreal, is pleased to announce the nomination of Mr. Morris Berger, C.A. to the Board of Directors of the Company. (more)
Divcom Private Placement (March 26 , 2002)
Divcom Technologies announces that it intends to raise $150,000 through a private placement of 750,000 shares at $0.20 per share. (more)
Divcom Technologies March 2002 Highlights (March 8 , 2002)
• Enercon completes second phase of a four phase ESCO project at SAAQ (Quebec Motor Vehicle Department).
• New Sales Manager Fred Sliney helps the company to continue to make inroads in the US market.
• Divcom identifies CPC's with cash as well as operating company acquisition targets.
• The Company has been successful in increasing shareholder value and awareness. (more)
Divcom Appoints National Sales Manager in United States (February 11 , 2002)
Divcom Technologies Inc. is pleased to announce the appointment of Mr. Fred Sliney as U.S. National Sales Manager. Mr. Sliney, a graduate of Syracuse University with an MBA from U.C.L.A, has served the lighting industry for over 20 years. He will work out of the Memphis, Tennessee office and will travel throughout the United States. His mission is to increase Divcom’s sales in the United States. (more)
Divcom Relaunches Diversified Operations. (Divcom Update January 2002) (January 9 , 2002)
Revenues for the year ended December 2001 over $3.2 million. Revenues for the last quarter of 2001 reached $800 thousand. The company has relaunched Diversified H.I.D. operations. Divcom emerges virtually debt free from the financial reorganization of Diversified. (more)
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