RE:RE:Big Picture Look at sequence of dates and speed done. No huge deal occurs overnight with all due dilegence needed and contracts to be signed. So here are the dates:
August 16 -Agreement to acquire ETC
Sept 1 Closed acquisition of ETC.
Oct 4 Announces filing of Preliminary base Prospectus
Oct 4 Darby Swank previously of Kapsch. May 4 signed as vp marketing Kapsch .leaves
Kapsch. just one point of Swank. Longtime member of Finance Committee for
International Bridge, Tunnel and Turnpike Authority with over 20 years respected
leader in tolling industry.
Oct 19 Enters into Bought deal for 50 million.
We shall see in next few weeks one month results for ETC but it is my view that QTRH is excited about the purchase of ETC and prospects it brings for future of QTRH ITS separate division. We
I believe made great purchase of ETC at right price. .IRD also appears firing on all cylinders.
Of note is fact that on Sept14 ETC along with WSP and TTEC entered into 10 year agreement for New Toll Service provider forLouisville -Southern Indiana OHIO RIVER BRIDGE 10 year agreement. ETC is major player in US Tolling Industry.