$OCLG ~~~ OCLG's CEO Wayne Erwin stated, "We conti
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Posted On: 07/26/2015 1:51:26 PM
$OCLG ~~~ OCLG's CEO Wayne Erwin stated, "We continue to work daily on all due diligence requirements and underwriting required by our senior lender to close on the acquisitions. This has been a lengthy process, but this is certainly expected considering the size and complexity of the transactions.
We are confident that we will move forward on these acquisitions very soon and continue to strive towards our 2015, year-end objective of $35 million in top-line revenues with positive EBITDA exceeding $4.0 million. With the execution of these acquisitions, debt reduction and growth plans, we are confident that our stock value will rise well beyond its current enterprise value of $3.82 million (Yahoo-Finance-Key Statistics)."
We are confident that we will move forward on these acquisitions very soon and continue to strive towards our 2015, year-end objective of $35 million in top-line revenues with positive EBITDA exceeding $4.0 million. With the execution of these acquisitions, debt reduction and growth plans, we are confident that our stock value will rise well beyond its current enterprise value of $3.82 million (Yahoo-Finance-Key Statistics)."
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