Mississauga, ON -- (SBWIRE) -- 10/24/2017 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "With Revenue Climbing, What's Next for Relevium Technologies?"
Companies mentioned in this article include Relevium Technologies (TSX-Venture:RLV).
Article Excerpt:
Back in June, Relevium Technologies (TSX-Venture:RLV) completed its acquisition of the assets of privately-owned BioGanix Ltd., snagging the nutraceutical brand for US$4.45 million, or only 3.7-times earnings before interest and taxes (EBIT). Bringing in BioGanix's website properties, formulations, inventory and product pipeline has had an immediate impact on Relevium's balance sheet, generating about C$700,000 in revenue in the first 50 days of bringing the assets under their umbrella. That was an improvement of approximately 53 percent from the same period a year earlier, or 47 percent when factoring in forex fluctuations.
Relevium management has made it clear that they are employing a diverse model of organic and inorganic growth, stating that ideally the company will make a new acquisition about every six months. The company has further said that they have a pipeline of potential acquisition targets within their parameters of $2.0 million to $20.0 million in annual sales that they believe can be acquired at favorable terms of roughly 4x earnings before interest and taxes (EBIT).
The full version of this article can be found at:
http://www.allpennystocks.com/aps_ca/special-reports/797/with-revenue-climbing-whats-next-for-relevium-technologies.htm
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