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DATA Communications Management Corp. Announces $2.1 million Investment in Digital Print and Digital Label Production Equipment

Press release from the issuing company

Brampton, Ontario - DATA Communications Management Corp. announced today that it has completed an additional investment in its high speed digital print capabilities, including the addition of another Xerox iGen® 5 digital press. DATA also announced it will be adding a new digital label press, together with other upgrades and technology enhancements to its current label presses, in the first quarter of 2017. The total investment in these enhanced capabilities is approximately $2.1 million.

“These investments dramatically increase our capabilities in key growth segments of our business. We remain the leading cut sheet digital colour manufacturing company in Canada and our expanded label capabilities will further establish DATA as one of the leading providers of label products and solutions in the country,” said Michael G. Sifton, CEO.

DATA also announced additional steps to focus the Company on profitable growing segments, including: the consolidation of its Regina, Saskatchewan manufacturing and warehousing operations into its Calgary, Alberta facility; the closure of its Brossard, Quebec Document Process Outsourcing facility, effective March 31, 2017; and, the outsourcing of its call centre facility to a leading third party business process outsourcing provider, effective March 1, 2017. The Company expects to incur total restructuring costs of approximately $0.9 million in connection with these initiatives.

“Our goal 18 months ago was to focus on business where we excel, are profitable, and have the ability to grow,” stated Mr. Sifton. “With these initiatives, we have completed our transition and now have five centres of manufacturing excellence across the country.”

In addition to these changes, the Company announced today the departure of Jeff Gladwish, Vice President, Marketing and Corporate Development.

“Jeff has served the Company well through our transition and we wish him well in his future endeavours,” continued Mr. Sifton. “The direction we are taking centres on expanding our services with existing customers and capturing growing segments within the print production and data management areas. As such, our marketing push will be highly targeted and customer centric.”

 

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