Current
Developments at Argentum 47, Inc. and Roadmap to 2023
Windsor,
Berkshire, United Kingdom -- August 8, 2022 -- InvestorsHub
NewsWire -- Argentum
47, Inc. (www.argq.io)
(OTC:
ARGQD) is excited as an
organization to share how successful and critical this year has
been for us. Not only have we grown in our traditional areas, we
have had explosive growth in new business segments due to our
acquisitions this year. This is Argentum 47, Inc.'s first year
trading on the Public Markets with Argentum Data Solutions under
its belt as a wholly owned subsidiary ("ADS" previously called The
Data Source Ltd. or TDS). ADS was founded with the mission to
provide data-driven insights that enable organizations to make the
best-informed decisions and investments. With the ongoing growth
we've had this year, we've had to revise our annual forecast
multiple times to the upside. Based on our linear growth and sales
for the first half of 2022, we are anticipating a substantial
increase in revenue for the second half. While we attribute about
50% of this growth forecast to organic sales as part of our core
business segments, the important part to note is that the other 50%
of our growth is going to be attributed to new revenue streams that
we have recently broken into. This will create new business
verticals for us that will compound our revenue,
annually.
The reverse
stock split that was effected recently is important for us, as it
allowed us to raise funds to fuel our expansion and make room for
new acquisitions. As we have grown in new business segments, we are
extensively vetting several relevant acquisitions to assure they
are highly profitable businesses with recurring revenue and highly
complementary technology platforms, and that they build on our
portfolio of services for clients.
As continuous
improvement is built into our company ethos, we are always looking
for ways to improve our brand and better serve our customers. As a
result, we decided to re-brand our subsidiary, previously known as
"The Data Source," to "Argentum Data Solutions." This new name
better reflects our focus and strategy on providing Artificial
Intelligence ("AI") data solutions that help our clients gain
competitive advantages over their competition. We took the
opportunity to launch our new brand at the Brands Hatch Super Bike
racing event in the United Kingdom, which was televised to 400
million viewers in 79 different countries and over 130,000 visitors
throughout the weekend. This was a perfect platform to showcase our
new branding and to reach a whole new audience. We're proud of our
new brand and excited about the future of Argentum Data
Solutions.
Not only have we
expanded our R&D and introduced several new products for our
new clients, we have also enhanced our existing platform for our
legacy clients, resulting in increased growth and synergy savings.
As part of this growth, we have established a shared service team
to provide operational support in the areas of technology
development, tech support, marketing, sales, account management,
and finance to all our business units. Having access to these
shared services will enable our business units to rapidly expand
and scale to new areas.
Even after
making substantial investments in our sales and R&D during the
first half of the year, we have remained profitable and expect this
trend to continue.
It is difficult
to predict how the world will change over the next 12 months, but
we have already identified risks and uncertainties associated with
inflation, supply chain disruptions, changes in investor appetite,
and market volatility. Given that we have created relevant
contingency plans and have decided to become a fully digital
company with a diverse customer base. Given our extensive
contingency plans, we have worked hard to future proof our business
from many of these potentially harmful market trends affecting
other businesses. Being a data driven company ourselves, we always
place priority on profitable and scalable growth – our investors
can find comfort knowing that we focus on the areas that bring the
greatest ROI.
This implies
that we will be in a strong position to weather any major storms
and seize significant opportunities when they present themselves,
as we intend to continuously expand aggressively, optimize our
operations, acquire strong and profitable businesses, maintain
sufficient cash on our balance sheet, be disciplined capital
allocators, and remain financially responsible to our
investors.
Our objectives for this year
and into 2023 include the following:
•
Increase our
Monthly Recurring Revenue ("MRR"): We anticipate that our MRR will
continue to increase over the next few quarters via both organic
(sales and marketing) and inorganic (acquisitions)
means.
•
We intend to
sustain our growth by increasing the size of our sales team
compared to prior years. This expansion of our sales force is
anticipated to assist us in achieving our organic growth
objectives, in our highly scalable business segments.
•
Maintain a
positive Adjusted EBITDA: Achieving a balance between aggressive
growth and increased positive cash flow from operations will be a
top priority for us.
•
Adopt a
methodical acquisition and capital allocation strategy: We have an
extensive pipeline of attractive acquisition opportunities, and we
intend to continue pursuing them.
•
Invest in
Research and Development: Our R&D and product teams will
continue to introduce innovative new products and services with the
goal of increasing our clients' long-term value.
•
Focus on
impactful M&A along with effective integration: We intend to
invest in businesses that complement our portfolio and create
strategic advantages for our clients. In addition to developing
deeper integrations between the acquired technology platforms and
any future acquisitions.
In conclusion,
we are extremely grateful to our devoted and talented team members
at Argentum, who have worked tirelessly over the years and
especially in the past year to make our achievements possible. We
are also grateful to our clients for entrusting us with their
businesses and allowing us to participate in their marketing
endeavors.
Furthermore, we
are extremely grateful for the backing of our investors and
shareholders. We take the support and confidence of our team
members, clients, and shareholders very seriously, and we intend to
serve them in the best way possible.
This will be a
critical year of growth for Argentum 47, Inc., its subsidiaries,
and everyone involved.
Safe
Harbor Statement
This press
release may include forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995, including
statements related to anticipated revenues, expenses, earnings,
operating cash flows, the outlook for markets and the demand for
products. Forward-looking statements are no guarantees of future
performance and are inherently subject to uncertainties and other
factors which could cause actual results to differ materially from
the forward-looking statements. Such statements are based upon,
among other things, assumptions made by, and information currently
available to, management, including management's own knowledge and
assessment of the Company's industry and competition. The Company
refers interested persons to its most recent Annual Disclosure and
other disclosure documents uploaded to OTC Markets for a
description of additional uncertainties and factors, which may
affect forward-looking statements. The Company assumes no duty to
update its forward-looking statements.
IR Contact
Details:
Mr. Stanley
Wunderlich
Consulting for
Strategic Growth 1, Ltd.
Royal Palm
Place,
101 Plaza Real
South, Suite 612,
Boca Raton,
33432 Florida, U.S.A.
Telephone: (516)
729 3714
Email: swunderlich@cfsg1.com
Company
Contact Details:
Mr. Daniel
Triana (CMO)
27 Sheet
Street, Windsor, Berkshire,
SL4 1BN United
Kingdom
Telephone U.S.:
(833) 568-8228 Telephone U.K.: +(44) 121 615 4720
Email: info@argq.io