December 13, 2006
Ribbon Appoints Prominent Telecom Executive to Chairman of the Board
For Immediate Release: December 13, 2006
TECUMSEH, ONTARIO (December 13, 2006) - Ribbon Capital Corp. (the "Corporation") (TSXV: RBN) is pleased to announce the appointment of David Parkes (former President and CEO of Sprint Canada) to the Corporation's Board of Directors. In addition, Mr. Parkes has been appointed Chairman of the Board.
Mr. Parkes is a prominent leader in the Canadian telecommunications industry. As a founding member of the executive team at Cantel (now Rogers Wireless), David held various senior-level positions over a ten year period including President - Cantel Ontario and Senior Vice President - Sales & Marketing. Mr. Parkes continued his career as the CEO of some of the industry's most respected companies including Look Communications, TeleSpectrum and Sprint Canada.
Mr. Parkes is currently CEO of Wakai Technologies and serves on the Board of Directors of Envoy Communications and Clearly Canadian Beverage Corp. He was also a founding board member of Microcell Communications during the successful launch of the Fido brand. David received his MBA and B.Sc. from York University.
Ryan Deslippe, President of the Corporation stated "David Parkes is a true visionary in our industry. He brings a wealth of experience that will help foster our growth potential. He has a proven track-record of building strong, results-oriented public companies."
Concurrent with this appointment, the Corporation announces that Michael Newman will be stepping down as Chairman and will remain as a Director on the Board.
December 12, 2006
RBN President Makes Top 30 Under 30 List
For Immediate Release: December 12, 2006
TECUMSEH, ONTARIO (December 12, 2006) - Ribbon Capital Corp. (the "Corporation") (TSX-V: RBN) is proud to announce that on December 4th, Ryan Deslippe, President and Director of the Corporation was recognized by CanWest Global Communications daily newspaper, the Windsor Star, as one of the area's Top 30 Under 30 overachievers.
This achievement follows Mr. Deslippe's award in June of 2006 for being recognized as Canada's youngest President of a Profit 100 ranked company. Ryan was instrumental in SelectCore's (a subsidiary of the Corporation) five year growth rate of 9,299%, securing the ranking as Canada's 6th fastest-growing company.
Keith McKenzie, Chief Executive Officer of the Corporation stated "Ryan is truly deserving of this recognition. His leadership and youthful ambition is a tremendous asset to our organization".
December 1, 2006
Ribbon Capital Corp. Announces Change of Directors and Granting of Options
For Immediate Release: December 1, 2006
TECUMSEH, ONTARIO (December 1, 2006) – Ribbon Capital Corp. (TSXV: RBN) announces that Mr. Pete Wanner and Mrs. Myra Bongard have resigned from the Board of Directors effective today. The company would like to thank Mr. Wanner and Mrs. Bongard for their service and guidance as founding Directors of the company.
The company is pleased to announce the appointment of Mr. Martin Bernholtz, C.A. to its Board of Directors effective immediately. Mr. Bernholtz will also serve on the Board's Compensation Committee. Mr. Bernholtz is currently Vice President of Finance with Kerbel Group Inc. He has served as a director of various public companies, which currently include Covalon Technologies, RYM Capital and RMM Ventures. Mr. Bernholtz graduated with a bachelor degree in Business Administration from York University in 1981 and became a Chartered Accountant in 1984. His business / accounting background and public market experience will be a true asset to the company.
The company also announces that an aggregate of 3,033,333 options to purchase common shares of the company have been granted to the directors, officers, a consultant and employees. The options are exercisable at $0.15 per share and expire on December 1, 2008.
October 10, 2006
SelectCore Interviewed by Wall Street Reporter
For Immediate Release: October 10, 2006
TECUMSEH, ONTARIO - Keith McKenzie, CEO, Ryan Deslippe, President and Peter Burdon, CFO of SelectCore were interviewed today by Cris D'Annunzio, Senior Analyst for the Wall Street Reporter. The interview focused around SelectCore's recent public listing on the TSX Venture Exchange and the company's growth strategy. The interview can be heard online at www.wallstreetreporter.com.
October 10, 2006
SelectCore Completes Public Listing on TSX Venture Exchange
For Immediate Release: October 10, 2006
TECUMSEH, ONTARIO - SelectCore is pleased to announce that it is now a publicly listed company on the TSX Venture Exchange. The company officially completed its CPC (Capital Pool Company) transaction with Ribbon Capital Corp. on September 25th, 2006. The stock which trades under the symbol RBN will resume trading on October 11th, 2006. (Details with regard to the transaction can be found online at www.selectcore.com)
Keith McKenzie, CEO of SelectCore, remarked: "The listing is a significant milestone for our company which will allow us to meet our growth objectives while creating long-term value for our shareholders."
Now that the public transaction is complete, SelectCore is focusing on their strategic growth strategy. Management is committed to keeping the investment community and their shareholders abreast of the development of the company and intends to implement a comprehensive investor relations program over the next few months.
June 6, 2006
SelectCore Ranked 6th Fastest Growing Company in Canada
For Immediate Release: June 6, 2006
Tecumseh, Ontario - SelectCore, a premier provider of communication products and services to the credit challenged / un-banked consumer market, is pleased to announce that it has been ranked #6 in the 18th annual PROFIT 100 ranking of Canada's Fastest-Growing Companies by PROFIT: Your Guide to Business Success. SelectCore secured the #6 position based on a five-year revenue growth of 9,299
Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 100 profiles the country's most successful growth companies. Published in the June issue of PROFIT and online at PROFITguide.com, the PROFIT 100 is Canada's largest annual celebration of entrepreneurial achievement.
"The PROFIT 100 are role models for anyone who wants to seize today's best business opportunities," says Ian Portsmouth, editor of PROFIT. "By differentiating their products and applying creative management thinking, Canada's Fastest-Growing Companies are outpacing the competition at home and abroad."
Ryan Deslippe, President of SelectCore says "Being ranked in the Profit 100 is an exciting milestone for our company". "We have made tremendous progress over the years and our upcoming listing on the TSX Venture Exchange will facilitate even further growth." At 28 years of age, Mr. Deslippe was also recognized as this year's youngest president of a Profit 100 ranked company.
Camilla Cornell - From the June 2006 issue of PROFIT Magazine
The Dream Team
It could be a PROFIT 100 first: a firm that has cracked the top 10 by selling to customers other companies don't want.
In 1999, Ryan Deslippe who at just 15 started a successful weekly newspaper-spied an opportunity in the 30 percent of wireless-plan applicants rejected on those grounds. With these tens of thousands of "sub-prime" consumers in mind, he and business partner Robert Cikalo co-founded Amherstburg, Ont.-based SelectComm to sell prepaid cellphone cards through independent convenience stores in Windsor, Ont. and neighbouring Essex County.
What a difference seven years make. Today, Deslippe is a grizzled telecom veteran whose firm notched 2005 sales of $24.4 million, up 9,299 percent over five years. And he's about to become president of a new firm, Selectcor, that will unite SelectComm with a pair of complementary businesses in the hopes of creating a dominant player in the sub-prime consumer market. Not bad for a guy who's still only 28.
As a prepaid wireless company, SelectComm didn't stay local for long. First, it hooked up with regional distributors that supply mom-and-pop corner shops, adding SelectComm's phone cards to their wholesale catalogues. Then it serviced the heck out of retailers, ensuring that additional stock of any hot-selling cards was always at hand. By 2001, consumers could purchase SelectComm products in convenience stores, gas stations, grocery stores and drugstores across Canada.
But by then the national wireless carriers had launched their own prepaid services, backed by big marketing budgets and packaged with discounted phones. "We figured if you can't beat 'em, join 'em", says Deslippe. Reasoning that the carriers would rather not deal directly with thousands of independent retailers to manage distribution, fulfillment and retailer support, Deslippe and Cikalo offered to buy prepaid cellphone cards wholesale from multiple carriers and distribute them to the mom-and-pops. One by one, Rogers Wireless, Fido provider Microcell Solutions (now owned by Rogers) and Telus Mobility signed on, and in 2003 SelectComm expanded its offerings to include prepaid long-distance cards.
By early July, SelectComm, along with Windsor-based Local Fone Service Inc. and Integrated Brands Ltd. of Markham, Ont., plan to complete a reverse takeover of Vaughan, Ont.-based Ribbon Capital Corp., a public shell company operating under the auspices of the TSX Venture Exchange's Capital Pool Company program. The deal will give the post-merger entity, Selectcor, a public listing and the shell's assets- namely, $1.75 million in cash. But that's not all. Local Fone's product is prepaid home phone service, while Integrated Brands markets IBM PCs on low monthly payment plans; add prepaid wireless to the mix, and Selectcor will have a portfolio of products for credit-challenged consumers that it can cross-sell to existing customers.
Deslippe, who will be named Selectcor's president, says the company will introduce more wireless and wireline services over the next six to 18 months to fill voids in the sub-prime marketplace. "In a way", he says, "we've come full circle". ..hide
By Ian Portsmouth - from the June 2006 issue of PROFIT Magazine
Hot Growth Stocks: If you're looking for super investment returns, history shows the Profit 100 Portfolio is a great bet.
CANADA'S FASTEST-GROWING COMPANIES are best known for blazing trails in product development and management thinking. It's time they got their due as solid investments as well.
While even the most savvy investors are more likely than the average Joe to mention "growth companies" and "speculative small-caps" in the same sentence, the businesses that form the PROFIT 100 Portfolio shatter any myth that superlative top-line performance means high risk with inconsistent rewards. In fact, shares in the 47 publicly traded firms from last year's PROFIT 100 and Next 100 lists appreciated by an average of 30.9in the year ended May 10, 2006 (the last date we could consider before press time). If you're on the hunt for relatively safe investments with high potential, the 2006 PROFIT 100 Portfolio could be among your best bets.
As the standard disclaimer reads, past performance of the PROFIT 100 Portfolio is no guarantee of future results. However, Canada's Fastest-Growing Companies have generated market-beating returns in each of the years they've been tracked. Shares in the Class of 2003 rose an average of 57.2year over year, versus 21.4for the benchmark TSX Composite Index. Similar results were seen in 2000, when the PROFIT 100 and Next 100 posted share-price gains of 91 even as the TSX jumped 31
With its 30.8increase over the past year, the 2005 PROFIT 100 Portfolio once again beat the TSX-but only slightly. Driven by stellar returns in the mining and energy sectors, the TSX Composite climbed 29.79year over year. (The PROFIT 100 is devoid of resource-production firms.) Meantime, the TSX Venture Composite Index, which is dominated by the junior mining, and energy stocks favoured by speculators, soared by 94 In fact, the TSXV was the only "major" North American equities exchange to outperform the PROFIT 100 over the past year (see "Stock showdown", page 111).
One simple reason the PROFIT 100 Portfolio performs well in any given year is that it's a diversified portfolio of growing companies, most of which are profitable and penetrating markets worldwide. While those are characteristics any fund manager would look for, there's something unique to the composition of the PROFIT 100 Portfolio.
Unlike your average mutual fund, which contains stocks in the amounts deemed appropriate by its managers, or a stock index, in which the weightings of its component stocks correlate to their market capitalizations (a so-called share-weighted index) or prices (a price-weighted index), the PROFIT 100 Portfolio is assembled with unwavering adherence to a mathematical formula that reads as follows: buy $1,000 worth of each stock.
Indeed, our approach is simply the equivalent of dollar-cost averaging. Apply this principle at the gas pumps-say, by putting $25 of fuel into tour tank at each and every visit-and you'll purchase more fuel at lower prices and less fuel at higher prices, thus cutting your total bill over time. Apply the idea to equity investing, and you'll buy' more shares of low-priced stocks and fewer shares of expensive stocks. Because each of these value stocks has lots of room to grow but little distance to fall-while the opposite is true for the expensive stocks your resulting portfolio will have loads of potential with less than the usual risk.
So, had you called your broker on May 10, 2003 and plugged $1,000 into each of the 47 publicly traded companies of the 2005 PROFIT 100, your $47,000 would have grown to almost $61,522 by May 10, 2006.
Leading the pack with a 722gain was CRH Medical Corp. which rocketed from penny-stock status ($0.39) to a respectable $3.40. Other big winners were Garda of Canada, which rose 175to $23.41, and Sierra Wireless Inc., up by 174to S22.78. Among the worst performers were Unity Wireless Systems Corp., which dropped by 33to US$0.14; AirIQ Inc. (down 59to $0.21); and Honeybee Technology Inc. (down 93to $0.11). But that's the beauty of the fixed-value weighting method: no single stock can kill you, but just one or two can send your whole portfolio skyward.
What if the PROFIT 100 Portfolio were weighted by price rather than by value? Recent results suggest it might still do fine. A price-weighted fund -would have generated a healthy 19.7return over the past year, topping the NASDAQ Composite Index (18.2 and S and P 500 (13.4. As for the 2006 PROFIT 100 Portfolio---whose holdings are listed on page 115-it actually performed better as a price-weighted index (8.2versus 6.7 during a recent three-month period.
Neither TSX Venture Exchange nor its Regulation ServicesProvider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-lookingterminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks related to market and financing conditions as well as risks associated with the prepaid telecom and prepaidfinancial industries, changes in project parameters as plans continue to berefined as well as those risk factors discussed in the Company's management's discussion and analysis for the period ended December 31, 2010, available on www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance thatsuch information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information contained herein, except in accordance with applicable securities laws.