WINDSOR, ONTARIO — (Marketwired) — 09/22/14 — Reko International Group Inc. (TSX VENTURE: REK) is pleased to announce the signing of a contract with a single customer for their precision machining services. The contract is expected to generate $27.5 million of sales over a three year period, with 34% of the revenue to be earned in the first year, commencing in the third quarter of Reko–s fiscal 2015 year. "This agreement will have a significant impact upon our sales and operations, an
WINDSOR, ONTARIO — (Marketwired) — 12/05/13 — Reko International Group Inc. (TSX VENTURE: REK) today announced results for its first quarter ended October 31, 2013.Financial Highlights:Consolidated sales for the quarter ended October 31, 2013, were $8.5 million, compared to $10.7 million in the prior year, a decrease of $2.2 million or 20.6%. The decrease in sales was largely related to decreases in demand in both the capital equipment and automotive markets.Gross profit for the quarter end
WINDSOR, ONTARIO — (Marketwired) — 10/03/13 — Reko International Group Inc. (TSX VENTURE: REK) today announced results for its fourth quarter and year ended July 31, 2013.Consolidated sales for the year ended July 31, 2013, were $40.7 million, compared to $42.1 million in the prior year, a decrease of $1.4 million or 3.3%. The decrease in sales was largely related to decreases in demand in the third and fourth quarters for goods in the capital equipment market, and decreases in demand in th
WINDSOR, ONTARIO — (Marketwired) — 08/20/13 — Reko International Group Inc. (TSX VENTURE: REK) today announced that it had completed the final step of its business transformation project, announced in April 2011. At the time of the announcement, Reko indicated that it would likely complete the project by July 2013.The final item to complete in Reko-s project was the sale of one last redundant real estate property. On July 11, 2013, Reko entered into a Conditional Agreement of Purchase and S
WINDSOR, ONTARIO — (Marketwired) — 06/12/13 — Reko International Group Inc. (TSX VENTURE: REK) today announced results for its third quarter ended April 30, 2013.Reko is pleased to report that the strategic initiatives it undertook in 2011 allowed it to report a substantial improvement in profitability and working capital, during a period when sales volumes were $1 million lower than the prior year. In addition to allowing Reko to regain profitability, the 2011 strategic initiatives also be
WINDSOR, ONTARIO — (Marketwire) — 03/12/13 — Reko International Group Inc. (TSX VENTURE: REK) is pleased to announce the continuance of its strategic marketing relationship with Resultz Media Group Corp. ("RMG").RMG will be responsible for the further expansion of its current marketing and branding strategies related to Reko International. RMG has established a foothold in the Canadian financial marketplace with new and existing shareholders of Reko and will now look to expand its
WINDSOR, ONTARIO — (Marketwire) — 03/07/13 — Reko International Group Inc. (TSX VENTURE: REK) today announced results for its second quarter ended January 31, 2013.Consolidated sales for the quarter ended January 31, 2013, were $10.5 million, compared to $11.1 million in the prior year, a decrease of $0.6 million or 5.4%. The decrease in sales was largely related to a reduced demand in the capital equipment market tied to uncertainty in the U.S as a result of government policy issues. Conso
WINDSOR, ONTARIO — (Marketwire) — 01/11/13 — Reko International Group Inc. (TSX VENTURE: REK) reported today that its previously announced commercial mortgage financing closed and is now fully funded. The mortgage, held by Motor City Community Credit Union, is in the amount of $5.6 million bearing interest at 6% per annum with a 5 year term and a 10 year amortization. Proceeds of the mortgage were used to pay out the existing mortgage with GE Capital Real Estate, pay all transaction costs a
WINDSOR, ONTARIO — (Marketwire) — 12/06/12 — Reko International Group Inc. (TSX VENTURE: REK) today announced results for its first quarter ended October 31, 2012.Consolidated sales for the quarter ended October 31, 2012, were $10.7 million, compared to $10.5 million in the prior year, an increase of $0.2 million or 2.0%. The increase in sales relates to increases in the amount earned per hour of work at all of our facilities, and volume increases in the capital equipment market.Gross profi
WINDSOR, ONTARIO — (Marketwire) — 11/26/12 — Reko International Group Inc. (TSX VENTURE: REK) ("Reko"), announced that it has signed a commitment letter with Motor City Community Credit Union ("Motor City") to refinance its mortgage. Reko-s existing mortgage was due on July 1, 2013.After finalization of the legal terms and securitization of the assets pledged, Reko will generate sufficient funds to repay its existing mortgage and pay all legal expenses associated with th
