ORLANDO, FL / ACCESSWIRE / May well 6, 2022 / Costas, Inc. CSSI, Costas, Inc. (“CSSI” or “the Business”). About COSTAS (CSSI): http://www.otcmarkets.com/inventory/CSSI/profile.
COSTAS, INC. is a publicly traded organization stated on OTCMarkets underneath the trading image ‘CSSI’. As formerly declared, on February 28th, 2022, the shareholders of Standard Dental Labs Inc. (“SDL”) voted unanimously in favor of accepting an supply from CSSI to get its belongings. The Company is pleased to announce the get-togethers have entered into a formal acquisition agreement, which is expected to near in the coming times. The completion of this acquisition will cement the Company’s entry into the dental lab industry, paving the way for future acquisitions and consolidations in the field.
The organization product acquired from SDL, a organization integrated in Wyoming in 2019, and managed by Mr. Brooks, the Firm’s CEO, has produced branding and a comprehensive enterprise program to aid the acquisition of compact to medium sized dental labs, of which there are thousands in the United States. Similar products have been thoroughly made use of in the health-related clinic and dental clinic industries around the past 30 many years, but dental laboratories keep on being highly fragmented. “Consolidating modest, privately owned labs into larger, regionally managed services will convey economies of scale, and enrich competitiveness and solution high-quality in regional marketplaces.” mentioned Costas CEO, James Brooks.
SDL has been actively seeking for dental lab owners intrigued in marketing their labs above the recent months. With the recently acquired consolidation design and all set to start branding, the Firm expects to recognize many suited acquisition targets in the coming weeks and months, with the aim of becoming a person of the premier operators in the business. “There’s no a lot quicker way to expand than through acquisition, and this business, in individual, stays unsophisticated in the general public sector.”, added Brooks.
Consolidation of this field, now represented by 7,000+ privately owned enterprises, is now the Firm’s emphasis. The acquired enterprise model will enable the Business to speedily discover appropriate targets, to make and scale in order to turn into regionally competitive. In the system, the Company will be positioning by itself as a chief in placing new requirements for the dental lab business.
Obtaining hard cash flowing, and profitable enterprises with a economic observe report, is Conventional Dental Labs business enterprise tactic. The dental lab marketplace as a entire is estimated to be a $10B industry in the US by yourself in 2022 (source: Grandview Exploration, Aug. 2021), but is increasing steadily.
About Costas: https://costas-inc.com/about-us
Forward On the lookout STATEMENTS:
This push launch and the statements of reps of Costas, Inc. (the “Corporation”) similar thereto incorporate, or might contain, amongst other items, “forward-seeking statements” within the meaning of the Non-public Securities Litigation Reform Act of 1995. All statements, other than statements of historic fact involved herein are “forward-on the lookout statements,” like any other statements of non-historical facts. These ahead-hunting statements are issue to major acknowledged and mysterious threats and uncertainties and are generally determined by the use of forward-looking terminology this sort of as “guidance,” “jobs,” “might,” “could,” “would,” “should,” “thinks,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “in the end” or related expressions. All forward-hunting statements include materials assumptions, pitfalls and uncertainties, and the anticipations contained in these statements may possibly establish to be incorrect. Buyers really should not position undue reliance on these ahead-hunting statements, which discuss only as of the day of this press launch. The Company’s real final results (which includes, with no limitation, Costas’ capacity to progress its organization, generate revenue and earnings and work as a community business) could vary materially from people mentioned or expected in these ahead-on the lookout statements as a end result of a assortment of variables, together with elements and risks reviewed in the periodic reviews that the Corporation information with OTC Markets (Pink Sheets). All ahead-searching statements attributable to the Organization or folks acting on its behalf are expressly certified in their entirety by these factors. The Company undertakes no duty to update these ahead-on the lookout statements except as expected by regulation.
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