CEO Brian Dick Issues Open Letter to Infinity Resources Holdings Corp. Shareholders
September 18 2013 - 6:00AM
Marketwired
CEO Brian Dick Issues Open Letter to Infinity Resources Holdings
Corp. Shareholders
FRISCO, TX--(Marketwired - Sep 18, 2013) - Infinity Resources
Holdings Corp. (OTCQB: IRHC) CEO Brian Dick today issued an open
letter to shareholders.
Dear Shareholders:
As many of you know, Infinity Resources Holdings Corp. announced
in July that it had acquired the remaining 50 percent of Quest
Resource Management Group, making Quest a wholly-owned subsidiary
of Infinity. I am a co-founder of Quest and have been its
Chief Executive Officer since 2007. At the conclusion of the
acquisition, I was appointed by the Directors of both Infinity and
Quest to the role of President and CEO of the combined organization
which includes Infinity, Earth911, YouChange and, of course,
Quest. I also accepted an appointment to Infinity's Board of
Directors.
Following more than a decade focused on recycling, compliance
and resource management, my partner and I started Quest in 2007
with an idea and a contract to help Walmart more efficiently manage
one of its waste streams in a local market. Today, only six years
later, the company has grown to more than $130 million in annual
revenues with a broad array of blue chip customers.
The combination of the organizations was executed to achieve a
focused growth platform, significant commercial and cost synergies,
simplified operational and financial structures and, as a result,
the creation of additional shareholder value. In short, we
have created a unique, fast growing, publicly-traded company in the
substantial recycling and resource management market. As a
combined entity, we will be able to extend our current strategies
to use our entire spectrum of sales and marketing tools, which now
includes our established social media asset, Earth911, to drive
revenue growth.
The executive team and Board have spent the first couple of
months since the acquisition taking a hard look at the operations
of all three organizations. We have assessed their value,
facilities and resources in terms of fit with the new business
structure. We have made personnel decisions and eliminated
redundancies in order to emerge as an effective and cost efficient
organization. While we are not finished with the integration, we
are beginning to look ahead, and our next job is to focus each part
of the organization on contributing to growth and bringing value to
our customers.
One thing not in question is our belief in a bright and
successful future. The team we have in Frisco, Texas today is
proven and ready to take us to the next level. The new combined
company will have a much greater marketing reach, and will be able
to impact an even larger investor audience and customer
base.
But what is most exciting is that over the past years, we have
proven our value proposition to our clients, to their communities
and to the environment. What we bring to a prospective client is
simple: we offer them the ability to cut costs and diminish the
time and resources they expend on recycling by outsourcing the
handling and management of waste streams. We recycle everything
from cooking oil to used oil, from scrap tires to food
waste. We provide these services in a way that does not
disrupt our clients' operations while we add to their bottom line
and help make them better corporate citizens. In addition to
recycling, we also can manage our clients' solid waste streams to
minimize expense and decrease their dependence on
landfills. These programs go hand in hand, and provide a
comprehensive suite of services that incorporates the very latest
technologies available in our industry.
This is a powerful message and business proposition evidenced by
our rapid growth, from one client in one state at the beginning to
multiple clients with more than 14,000 locations across all 50
states, Canada and Puerto Rico. What makes us different is the
ability to rapidly respond and scale without the need for large
capital outlays or investments in equipment fleets. Instead we
have built and continue to grow a multi-dimensional and widespread
network of service partners. The network includes more than
4,000 waste handling and recycling firms with approximately 30,000
trained individuals, 24,000 vehicles and 600 recycling facilities
across the US and Canada.
I want to assure each and every shareholder that the value of
your investment is paramount in the minds of our entire management
team. Since I am now a major shareholder, our interests are
aligned, and we will be working to make sure that this exciting
corporate story is told to a broadening audience.
There are still a number of corporate, administrative and
integration activities taking place that will continue over the
coming weeks and months, and we are committed to communicating our
progress on a regular basis. We will also take our story to Wall
Street to build interest among the influencers there, and we
believe that a growing number of investors will respond to the
successful history and future opportunity our business
represents.
I want to personally thank you for your interest in the company
and for your support of the combined organization. I take the
responsibility of stewarding this company and your investment
seriously and look forward to interacting with you and sharing our
progress as we move forward.
Sincerely,
Brian Dick
President and Chief Executive Officer
About Infinity
Resources Holdings Corp. Infinity Resources Holdings Corp.
is the parent company of Earth911, Inc. and YouChange,
Inc. Earth911 is the parent company of Quest Resource
Management Group, LLC. Collectively, Infinity's portfolio of
sustainability companies covers the full spectrum of the recycling
life cycle, providing innovative waste reduction and landfill
diversion solutions for recycling and proper disposal of commercial
and consumer waste streams.
Safe Harbor Statement Certain statements contained in this press
release may be deemed to be forward-looking statements under
federal securities laws, and we intend that such forward-looking
statements be subject to the safe harbor created thereby. Such
forward-looking statements include statements regarding the
company's assessment that combining the underlying organizations
will help Infinity to achieve overall growth, benefitting from a
simplified operating and financial structure and significant
commercial synergies; the company's view that the additional scale
and expertise across a broader segment of recycling and resource
management spectrum will allow the company to accelerate the
capture of the opportunity, creating innovative ways to reach new
commercial and community markets; and the company's assessment that
the combination should generate additional opportunities for
growth, open new markets, and present opportunities for cost
synergies and greater profitability. We caution that these
statements are qualified by important factors, many of which are
beyond our control, which could cause actual results to differ
materially from those reflected by such forward-looking
statements. Such factors include risks related to the
integration of Quest and Earth911, competition in the recycling
services industry, demand for our services, our ability to expand
our markets, the impact of the current economic environment, and
other risks detailed from time to time in our reports filed with
the SEC, including our Form 10-K Report for the transition period
ended December 31, 2012.
Investor
Contact: Matt Clawson Allen & Caron, Inc 949-474-4300
matt@allencaron.com Media
contact: Vanessa Lepice Quest Resource Management Group
972-464-0014 Vanessal@questrmg.com
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