Ciscom Corp. is pleased to announce that we have signed a Share Purchase Agreement (SPA) with Prospect Media Group (PMG) on January 26, 2022. This is Ciscom’s second acquisition, and it is for 100% of all outstanding shares of PMG. www.prospectmedia.com
PMG is a complementary acquisition to Market Focus Direct (MFD) with 2021 revenue of ~$30M in 2021 with a healthy positive EBITDA. The growth trend continues in 2022 fueled by deeper relationships with current clients, new business and expanded products and services. PMG has been in business for 20+ years and has been reporting solid growth over the years. PMG has gone through Covid splendidly – both revenue and bottom line are up in 2020 and 2021 – year over year since 2019, and in the midst of the Covid pandemic. As PMG is not a cash intensive business and has no debt, it produces cash flows closely aligned to its profit – a great positive. It is projected that the transaction will close at the end February 2022.