(via TheNewswire)
Kelowna, British Columbia - TheNewswire - June 15, 2020 - Decisive Dividend Corporation (TSXV:DE) (the "Corporation"or "Decisive") is pleased to announce that its subsidiary, Northside Industries Inc. ("Northside"), has signed a new long-term agreement with Daimler Trucks North America LLC ("DTNA").
DTNA has been a valued customer of Northside throughout its 53-year history. The relationship extends back to Western Star's beginnings in Kelowna, British Columbia with DTNA continuing to be Northside's main commercial vehicle customer ever since.
The new agreement with DTNA is for an initial five years and ensures that this long-standing partnership continues well into the future.The new contract builds on the work already being done for DTNA and includes the supply of bumpers, fuel tanks, and other fabricated components for DTNA's line of medium- and heavy-duty trucks.
Management of the Corporation expects that the new agreement will significantly increase the volume of business between Northside and DTNA each year during the term of the contract and have a material and positive impact on the financial results of Northside and Decisive during its term.
"We are very pleased to extend and expand our 40 plus year relationship with Daimler Trucks North America. This long-term agreement demonstrates the trust that DTNA places in Northside to deliver high quality materials and components to their production lines on-time" said Mark Burleigh, Northside's President.
About Northside Industries
Founded in 1967, Northside Industries has built a reputation for precision metal fabrication and manufacturing. From custom design through to cutting, welding, powder coating and installation, Northside Industries is a one-stop shop for steel and aluminium fabrication.
About Daimler Trucks North America
Daimler Trucks North America LLC, headquartered in Portland, Oregon, is the leading heavy-duty truck manufacturer in North America. Daimler Trucks North America produces and markets commercial vehicles under the Freightliner, Western Star and Thomas Built Buses nameplates. Daimler Trucks North America is a Daimler company, the world's leading commercial vehicle manufacturer.
About Decisive Dividend Corporation
Decisive Dividend Corporation is an acquisition-oriented company, focusing on the manufacturing sector. The Corporation uses a disciplined acquisition strategy to identify already profitable, established companies that have strong management teams, generate steady cash flow, operate in non-cyclical markets, and have opportunity for future growth.
For more information on Decisive, or to sign up for email notifications of Corporation press releases, please visit www.decisivedividend.com. Additional information, including all public filings, is available on SEDAR (www.sedar.com).
FOR FURTHER INFORMATION PLEASE CONTACT:
Rick Torriero, Chief Financial Officer
#201, 1674 Bertram Street
Kelowna, BC V1Y 9G4
Telephone: (250) 870-9146
Cautionary Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this press release.
This press release contains forward-looking statementswithin the meaning of applicable securities laws, including statements regarding the anticipated impact of the new agreement referenced herein. All statements other than statements of historical fact contained in this press release are considered forward-looking statements. Many of these statements can be identified with words such as "believe", "expects", "will", "intends", "projects", "anticipates", "estimates", "continues" and similar words or the negative thereof. Forward-looking statements are subject to risks, uncertainties and assumptions. Forward-looking statements reflect management's current beliefs and assumptions which are based on information in its possession on the date of this press release. Management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such assumptions and expectations will provide to be correct. The actual results of the Corporation and its operating subsidiaries could be materially different from those anticipated in the forward-looking statements contained herein as a result of certain risk factors. Such risk factors include but are not limited to the risk factors identified by the Corporation under the heading "Risk Factors" in its latest annual information form and management discussion and analysis, copies of which are available on the Corporation's profile at www.sedar.com. Accordingly, readers are cautioned not to place undue reliance on any forward-looking statements contained in this press release.
The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and the Corporation does not undertake or assume any obligation to update or revise any such statement to reflect new events or circumstances except as expressly required by applicable securities laws.
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