Contact info for streetssmart due diligence. Simpl
Post# of 10409
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Might be easy way to get update on the bus depots advertising company status?
Michael J. McGrane, Contracts Manager
Rhode Island Public Transit Authority
705 Elmwood Avenue, Room 217
Providence, RI 02907
Please contact RIPTA's Contracts Manager, Michael J. McGrane, at (401) 784-9500 extension 214 or mmcgrane@ripta.com, with any questions you may have regarding this Procurement.
Perhaps the 2017 press release projecting 6.3 mil in revenue per year over 10 years (66 mil total) was a little short? 10-Ks showed approximately 200K per year average in revenue, and losing about 150K per year, for that subsidiary.
Looks like they just missed those 2017 6.3 mil per year revenue projections hyped up in that HUGE 2018 press release.
Dec - 2017 Press Release:
https://www.billboardinsider.com/street-smart...-contract/
Reaction to the press release - Friday, September 13, 2019 1:10:06 PM
MUST READ
https://investorshub.advfn.com/boards/read_ms...=151122108
Quote:
To give you an idea what kind of revenue can be generated from one location (Tallahassee, FL.) that we currently manage advertising space on more than 1000 bus shelters and benches. This projects is expected to realize revenue exceeding $6.3 million per year. The agreement is for 10 years. That is only in (Tallahassee, FL.) Now we are in NJ, RI, NJ, NY, CA , AL, GA, SC, WV, MD.
Keep'em honest!
imho
cheers
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