Dear Valued RJD Green Shareholders,
As we have finished our 2023 calendar year and are moving into the 2024 year,
We continue to work diligently to execute our business model to create a substantive holding company with a focus on acquiring and managing assets and companies.
ioSoft Systems will continue to provide discrete payment technologies, services, and software platforms that can integrate into targeted offerings for healthcare provider networks, hospitals, healthcare payers, as well as the insurance and financial transection sectors. The ioSoft team is exploring joint-ventures and licensing agreements to expand growth of the unique medical software platforms more rapidly.
Additionally, ioSoft Systems has created additional software platforms ready for the market that apply to banking, insurance, and other more universal market segments such as hospitality. ioSoft is also focusing on custom software development programs that can be white label agreements, or joint ventures.
ioSoft Systems continues pursuing relationships within the initial focus of Third-Party Administrators (TPA) in the health care sector with contracts now being serviced and creating additional contracts. The TPA sector has been a longer-term growth in clients than was anticipated. While increasing our presence in this sector, ioSoft is focusing on acquiring and creating additional software platforms that focus on the common needs of universal sectors. This allows ioSoft to pursue custom software development and software support contracts in sectors that include healthcare, insurance, legal, hospitality, and financial services.
Specific programs developed or refined include:
ioSoft Suites - expedited payment systems are now teamed with claims processing and adjudication multi-level communications system, and accurate data collect software systems for multiple enterprise.
ioSoft’s integrated systems offer leading edge solutions for pricing and payment of claims that enhance efficiency and productivity. The software solutions can be utilized individually or as a total claims and payment management system.
ioSoft’s system offers full auto adjudication claims processing software program that maximizes automation and customer engagement through leading edge technology. The system is secure, compliant, and scalable to the payer’s specific needs.
The ioSoft integrated system components include:
- Manage Claims
- Member Management
- Paper Claims Billing along with cost and time savings through Virtual Card, Digital Checks, EFT
- Track Claims
- Segregation of Claims
- Provider Information and Communications Management
Outsourced IT Needs
The services include special technology and software company projects, essential technologies support and development, help desk, and network management services. The many benefits for the active small-cap company include:
§ Cost Reductions
§ Expedited projects
§ Freeing up internal resources
§ Outside business guidance for increased profitability through technology application
§ Scalability
RJD Green’s Construction Products Division -
In 2023
The commercial division continued its revenue growth and geographic expansion with new commercial contracts awarded Silex. This sector offers greater gross margin revenue and is more recession resistant. 2024 calendar year is projected to reach
Silex Holdings home builder business will continue to grow in 2024 as Silex has enlarged their effort in the high-end custom homebuilders creating 11% higher gross margins. High-end custom homes (
Silex continues to service the total homebuilder opportunity anchoring the homebuilder revenues and production efficiencies.
As well, Silex has targeted the designer, remodel, and retail sectors for significant revenue growth from previous years. To enhance efforts in this focus we are launching a comprehensive ongoing marketing program focused on these sectors. We have created 4,000 square foot kitchen and bath showrooms in
Additional Business Opportunities Launching in 2024:
1. Solid Surface Countertops
This product is widely utilized in commercial projects as well as some homebuilding sectors. We feel this sector can conservatively provide an additional 25% of revenue without the expense of inventory and additional overhead.
2. DOD Sales and Installation
This is an
The targeted services or products offer higher gross margins than mean construction rates. There are two opportunities in our
- A diverse complimentary add-on to the current efforts in stone counter tops and cabinets, with minimal overhead and greater gross margins. These products will be integrated within our current showrooms and sales offerings.
- Once we have proven profitability success, we will explore utilizing this vehicle to create a franchise opportunity. Our advisor,
Southbridge Advisory Group , has in-depth experience in creating and launching franchises.
Earthlinc provides green environmental technologies for environmental services.
The Company is servicing a product development program utilizing Agrico Corp’s forestation program processes, and an ongoing joint-venture effort with
Merger and Acquisition
Attractive acquisition opportunities are in place at this time, however RJD will maintain stringent cash-flow to acquisition value ratios necessary to create the best surety and returns for our equity partner participants, and our shareholders as we move forward this year.
Profit and Loss
Revenue
Cost of Goods 3,197,607 3,325,295
Gross Profit $2,196,361 $1,953,834
G&A 1,561,463 1,593,555
Net Operating Profit $ 635,144 $ 360,279
Net Profit $ 847,986 407,320
EBITDA $ 969,617 $ 569,706
Balance Sheets
Current Assets $2,201,928
Long-term Assets 533,985
Total Assets $2,735,913
Liabilities and Assets
Current Liabilities $ 270,309
Long-term Liabilities -
We will continue to update our investors with progress reports in the coming months as newsworthy occurrences happen.
We have accomplished a great deal in creating the groundwork and solid financial platform for growth. We are targeting acquisitions that meet our growth criteria and priced within appropriate cash-flow leverage. Our focus is to continue building a stable company with rapid growth potential, and we remain committed to pursuing initiatives that maximize value for all
We very much appreciate your support and interest in our continued growth efforts.
Sincerely,
CEO,
About
The Company operates as a holding company with a focus on acquiring and managing assets and companies.
Forward-looking Statement:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or the future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In the evaluation of such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company's
Contacts
918 551 7883
ronb@rjdgreen.com
918 261 8126
thekwister@aol.com
![](https://ml.globenewswire.com/media/MzdjNmNmZTktOTUxMy00ZDM2LWIwMzUtOWYyNjMxOTZjZDNhLTUwMDAzMjM3OA==/tiny/RJD-Green-Inc-.png)
2024 GlobeNewswire, Inc., source