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Issuer Direct Hires Hayden IR
By: Marketwire .
Feb. 11, 2013 08:30 AM
MORRISVILLE, NC -- (Marketwire) -- 02/11/13 -- Issuer Direct Corporation (OTCBB: ISDR), a market leader and innovator of disclosure management solutions and cloud-based compliance technologies, announced it has engaged Hayden IR, a fifteen-year-old, highly recognized, national investor relations firm, to raise its visibility and strengthen its relationships with the investment community.
"Over the past year, we have strengthened our financial position and transformed our overall product mix. These are important fundamentals as we begin to transition our business from a pure services organization to a more of a technology enabling organization focused on the adoption of our cloud based, end-to-end disclosure solutions," said Brian R. Balbirnie, the Company's Chief Executive Officer. Mr. Balbirnie continued to say "we believe it is an appropriate time to retain a national investor relations firm to help us target and expand our investor audience and ensure we are communicating effectively with Wall Street. We look forward to working with the team of professionals at Hayden IR to execute this important goal."
With offices in New York, Phoenix, Minneapolis and San Diego, Hayden IR provides a comprehensive range of investor relations services to a growing list of clients. For more than a decade, Hayden IR has been a recognized leader in driving market recognition and creating sustainable competitive advantages for more than 100 micro- and small-cap companies. Hayden delivers expertise and professionalism in such areas as investor management, relationship building, awareness campaigns, online presence and corporate identity.
Brett Maas, Managing Partner, of Hayden IR, added, "Issuer Direct represents a compelling opportunity as it transitions its business to a cloud based, software as a service (SaaS) recurring revenue model. The Company reported a 200% increase in net income in the third quarter on 36% revenue growth, more than $.50 per share in cash and less than $250,000 of debt. Issuer Direct has an outstanding reputation; it is growing the number of corporate issuers its serves with its technology platform, increasing revenue per client, and expanding the portfolio of products provided to individual clients through the cross-marketing of complementary functions."
Mr. Maas continued to say, "The Company's addressable opportunity is a fragmented market that includes 8,700 listed issuers, plus the over-the-counter markets, which use up to a dozen service providers in some cases, for legal, auditing, investor relations and other disclosure requirements of being a public company. The Company has an exciting business model, and is now virtually the only single sourced provider that combines all of those functions into one streamlined technology platform to save issuers money, improve overall disclosure and compliance -- allowing officers, directors and compliance professionals the ability to manage the entire back-office functions of their respective companies from one technology interface. Issuer Direct expects to report a strong fourth quarter and to deliver a record year, especially compelling as investors recognize a historically service based company has changed over to a fast growing, scalable, cloud-based technology organization. The team at Hayden IR looks forward to articulating this opportunity to the professional investment community."
About Issuer Direct Corporation: Issuer Direct Corporation ("IDC") is a market leader and innovator of disclosure management solutions and cloud-based compliance technologies. With a focus on corporate issuers, the Company alleviates the complexity of maintaining compliance with its integrated portfolio of products and services that enhance companies' ability to efficiently produce and distribute their financial and business communications both online and in print. The Issuer Direct logo is available here.
Forward-Looking Statements. This press 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 (the "Exchange Act") (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company's forward-looking statements, please see the Company's Annual Report on Form 10-K for the year ended December 31, 2011, including but not limited to the discussion under "Risk Factors" therein, which the Company has filed with the SEC and which may be viewed at http://www.sec.gov.
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