DLT Resolution (OTC:DLTI) has expanded its stake in Ciscom (OTCQB:CISCF) by acquiring an additional 22.15% of its shares, thereby increasing its total ownership to 42.05%.
This significant strategic maneuver builds upon DLT’s previous acquisition of 19.9% of Ciscom shares. Ciscom functions as a Canadian holding company overseeing two entities within the Information and Communication Technology (ICT) sector.
Key Points
- DLT’s Increased Stake: The statement highlights DLT Resolution’s (OTC:DLTI) action of acquiring an additional 22.15% of Ciscom (OTCQB:CISCF) shares. This indicates DLT’s commitment to strengthening its position within Ciscom and potentially influencing its operations and strategic decisions.
- Total Ownership: With this latest acquisition, DLT’s total ownership in Ciscom rises to 42.05%. Such a significant shareholding indicates DLT’s substantial influence and interest in Ciscom’s business activities and future direction.
- Strategic Move: The term “strategic move” suggests that DLT’s actions are part of a carefully planned approach aimed at achieving specific objectives. This could include gaining access to Ciscom’s technology, markets, or other strategic advantages.
- Previous Acquisition: The reference to DLT’s prior acquisition of 19.9% of Ciscom shares underscores a continuous and deliberate effort by DLT to increase its influence and control within Ciscom.
- Ciscom’s Operations: The statement provides context by describing Ciscom as a Canadian holding company managing two entities within the Information and Communication Technology (ICT) sector. This information helps to understand the nature of Ciscom’s business and its relevance to DLT’s strategic interests.
Overall, the statement signifies DLT’s strategic expansion within Ciscom, indicating its intent to play a more significant role in shaping Ciscom’s future direction and potentially leveraging its resources and capabilities for mutual benefit.
About DLT Resolution
From an external viewpoint, DLT Resolution Inc. presents itself as the go-to source for top-tier data collection, analytics, content management, process automation, and blockchain solutions. The company prides itself on delivering enterprise-level cyber security, information technology, and communication services across both Canada and the United States. With several prominent North American companies opting for DLT Resolution’s services, there’s a solid assurance of their dedication to exceptional service delivery.
Under the DLT Telecom brand, the company provides an extensive array of high-speed voice and data services across Canada and the United States, ensuring comprehensive data and communications solutions.
About Ciscom
Ciscom operates as a ‘Roll-Up’ entity within the ICT sector, concentrating on technology-oriented marketing, document processing, and content management firms. These entities share complementary activities, allowing for the realization of substantial synergies and efficiencies across various domains including sales, expenses, finance, operations, and management.
The company adopts a long-term investment strategy, focusing on acquiring and retaining assets while collaborating with management teams to foster the growth of portfolio companies.
Summary
