Ciscom Announces Results of Its Annual and Special Shareholders' Meeting and Provides a Business Update
Rhea-AI Summary
Ciscom (CSE: CISC, OTCQB: CISCF) reported the results of its annual and special shareholders' meeting held on November 20, 2026 in Toronto. Shareholders approved all items in the July 1, 2026 circular, including re-appointment of McGovern Hurley LLP as auditor, setting the board at six directors, election of six directors, and reapproval of the amended and restated stock option plan.
According to Ciscom, 32,097,448 common shares were represented out of 59,519,582 outstanding. Management also provided a business update, stating that debt was reduced, working capital improved, and that sales and profits are increasing, supported by investments in automation, AI tools, and new proprietary product and service offerings.
Positive
- All AGM resolutions passed, including auditor reappointment and option plan reapproval
- Six directors elected for the ensuing year, confirming board continuity
- 32.1M shares represented out of 59.5M outstanding at the meeting
- Management reports reduced debt and improved working capital going into 2026
- Company states sales and profits are increasing with client endorsement of new offerings
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - August 24, 2026) - CISCOM Corp. (CSE: CISC) (OTCQB: CISCF) ("Ciscom" or "the Company"), which invests in, acquires, and manages companies within the Information and Communication Technology ("ICT") sector with a specialty in AdTech and MarTech, is pleased to announce the results of its annual general meeting of the shareholders held in Toronto on November 20, 2026 (the "Meeting"). At the Meeting, shareholders of the Company approved all matters of business as presented to the shareholders in the management information circular dated July 1, 2026 (the "Circular"). The following items of business were approved by the shareholders: re-appointing McGovern Hurley LLP as the auditors of the Company for the ensuing year at a remuneration to be fixed by the board of directors of the Company, setting the number of directors to six, the election of six directors for the ensuing year and the reapproving of the Company's amended and restated option plan.
"While 2025 was a year of financial challenges, it was also a year of opportunities, where we invested in technology to automate processes, enable AI and diversify our product offerings with actual market differentiators," reported Michel Pepin, President, CEO and Director of Ciscom Corp. during his presentation following the formal procedures of the Meeting. "The outlook for 2026 is positive; we reduced debt and improved our working capital. Sales are growing and profits are increasing. Clients are endorsing the new proprietary product and service offerings. The introduction of AI tools accelerates our growth and, clients are very pleased with the new offerings and the continued performance of our data-driven analytics, omnichannel media and direct mail services. We continue to maintain our market leadership and remain customer centric. "
The presentation is available on Ciscom website.
The following individuals were re-elected to the board of directors of the Company, being the individuals nominated by the management of the Company: Jeffrey Bisset, Paul Gaynor, David Mathews, Michel Pepin, Angel V. Valov and Blair Severn. The Company is thankful to all shareholders who participated in the vote and Meeting.
A total of 32,097,448 common shares were represented at the Meeting in person or by proxy out of the total issued and outstanding 59,519,582 common shares. Results for the vote as attested by TSX Trust Company in their capacity as scrutineer for the Meeting are as follows:
| Resolution | Result |
| Re-appointment of McGovern Hurley LLP as the auditors of the Company | Passed |
| Election of Jeffrey Bisset as Director | Passed |
| Election of Paul Gaynor as Director | Passed |
| Election of David Mathews as Director | Passed |
| Election of Michel Pepin as Director | Passed |
| Election of Angel V. Valov as Director | Passed |
| Election of Blair Severn as Director | Passed |
| Reapproving of the Company's amended and restated option plan | Passed |
About Ciscom Corp.
Ciscom actively invests in, acquires, and manages market leading companies within the Information and Communication Technology (ICT) sector, with a specialty in AdTech and MarTech, targeting SMEs with proven profitability. This approach allows entrepreneurs to monetize their equity and continue contributing, enhancing shareholder value through acquisitions. As a leader in omni-media, particularly in data-driven marketing, Ciscom, through its subsidiaries, optimizes advertising spend across platforms, ensuring high ROI and customer engagement. Strategic ICT acquisitions bolster service offerings and shareholder value, marking Ciscom as an emergent force in the data driven and technology market. Ciscom became an issuer in June 2023 on the CSE and October 2023 on the OTCQB. Ciscom has two subsidiaries, namely Market Focus Direct and Prospect Media Group. For more information, visit http://www.ciscomcorp.com.
CONTACT INFORMATION
Michel Pepin
President & CEO, Director
mpepin@ciscomcorp.com
@CiscomCorp
Cautionary Statement
This news release contains certain statements that constitute forward-looking statements as they relate to Ciscom and its management. Forward-looking statements are not historical facts but represent management's current expectation of future events and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "should", "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct or will come to pass. Forward-looking statements include statements and information regarding the anticipated audited financial results, anticipated signing of additional clients, potential future acquisitions and financings, future business and operational focuses of Ciscom, future expectations of growth and profits, future grants of equity incentive awards, future payments of dividends, the future plans for the Company, and other forward-looking information. By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions, or events to differ materially from those in the forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: the capital requirements of the Company and ability to maintain adequate capital resources to carry out its business activities and raise additional capital as required or expedient; the ability to identify target acquisitions and complete such transactions on an economic basis or at all, and successfully integrate those business; the ability to convert the potential in the pursued business opportunities to tangible benefits to the Company or its shareholders; risks of a material adverse change to the Company's assets or revenue; stock market volatility and capital market valuation; the ability of the Company to continue as a going concern; dependence on key personnel; the Company's early stage of development; potential losses on investments; unstable and potentially negative economic conditions; fluctuations in interest rates; competition for investments within the ICT sector; maintenance of client relationships; maintaining a listing on the Canadian Securities Exchange; risks related to potential dilution in the event of future financings; audit risk; litigation risk and risk of future legal proceedings; jurisdictional and regulatory risk; lack of operating cash flow; income tax matters; availability and terms of financing; rising costs related to inflation; and effects of market interest on price of securities and potential dilution; and those factors detailed in the Company's prospectus dated June 5, 2023 and other public documents filed under Ciscom's profile at www.sedarplus.ca. The foregoing list of factors is not exhaustive. Ciscom's assumptions in making any forward-looking statements herein include that no significant events will occur outside of Ciscom's normal course of business and that the material factors referred to in this paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. Although Ciscom has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. The forward-looking information contained in this press release represents the expectations of Ciscom as of the date of this press release and, accordingly, is subject to change after such date. Ciscom does not undertake to update this information at any particular time except as required in accordance with applicable laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/310872