Questions
- Where are RDM shares listed, and what is the stock exchange symbol?
- When was RDM founded, and when did it become a publicly traded company?
- How many shares are outstanding?
- How many shares are held by management and insiders?
- Can I buy shares directly from RDM?
- Why is the Company repurchasing its shares?
- When is the Company’s fiscal year end?
- Who are the Company’s independent auditors?
- Who is RDM’s transfer agent and how can I reach them?
- When will the Company next announce its financial results?
- How can I obtain an investor package?
- What is the market opportunity for RDM’s products and services?
- Who are RDM’s customers?
Answers
Q: Where are RDM shares listed, and what is the stock exchange symbol?
RDM shares are listed on the Toronto Stock Exchange under the symbol RC.
Q: When was RDM founded, and when did it become a publicly traded company?
In 1987, Robert Nally co-founded Keener Technologies Inc. to provide quality assurance equipment to check printers. Robert Nally continues to serve on RDM’s Board of Directors. The Company listed its shares on the Alberta Stock Exchange (ASE) later that year. The company listed its shares on the Vancouver Stock Exchange in 1992, and de-listed from the ASE. In 1993, the company changed its name to Mindflight Corporation and offered to acquire all outstanding shares of Research Development & Manufacturing Corporation. The company changed its name to RDM Corporation in 1998 and listed its shares on the Toronto Stock Exchange on February 3, 2003.
Q: How many shares are outstanding?
As of December 31, 2009, RDM had 20,772,626 common shares outstanding.
Q: How many shares are held by management and insiders?
Approximately 10% of RDM’s common shares are owned by management, directors and other insiders.
Q: Can I buy shares directly from RDM?
RDM does not sell shares directly. Please contact a licensed broker to purchase shares.
Q: Why is the Company repurchasing its shares?
On May 21, 2009, RDM’s Board of Directors implemented a normal course issuer bid (NCIB) authorizing the repurchase and cancellation of up to 1,041,871 shares, representing 5% of the Company’s issued and outstanding shares at the time. The Board believes that the shares represent an attractive investment and a desirable use of the Company’s funds. A share repurchase also helps increase the value of the holdings of remaining shareholders as share cancellations increase their ownership percentage. Under its previous normal course issuer bid, which expired May 12, 2009, RDM acquired and cancelled 649,300 common shares during the year then ended at an average price of $0.86.
Q: When is the Company’s fiscal year end?
RDM’s fiscal year ends on September 30.
Q: Who are the Company’s independent auditors?
RDM’s financial statements are audited by KPMG LLP.
Q: Who is RDM’s transfer agent and how can I reach them?
RDM’s transfer agent is CIBC Mellon Trust Company.
Q: When will the Company next announce its financial results?
RDM announces its quarterly results within 45 days of the quarters ending December 31, March 31 and June 30, and within 90 days of the September 30 fiscal year-end. The Company announces the specific date of each release in advance via a News Release, and posts a link to each investor conference call on its Financial Information page.
Q: How can I obtain an investor package?
Please send your request for an investor package to Investors@RDMCorp.com. Alternatively, you can access the materials on our Newsroom and Financial Information pages.
Q: What is the market opportunity for RDM’s products and services?
Remote deposit capture (RDC) technology has been among the most rapidly adopted payment technologies. While most U.S. banks now offer some form of RDC to their customers they are in the midst of reselling to their customer base. RDM believes RDC will become a widely used banking method, meaning millions of businesses are potential buyers of RDC hardware and software in the years to come.
Q: Who are RDM’s customers?
RDM typically sells its products through distribution partners including banks, hardware distributors and independent sales organizations. Those organizations, in turn, sell RDM technology to organizations across The United States of America. Today RDM’s transaction processing system, ITMS®, is in use at over 18,500 end user locations, and the Company has sold more than 200,000 proprietary document scanners.