Costas, Inc. Makes Offer to Purchase Standard Dental Labs Inc.
Rhea-AI Summary
Costas, Inc. (OTCMKTS:CSSI) has announced an acquisition offer to the shareholders of Standard Dental Labs Inc. (SDL), aiming to consolidate dental labs in the private sector. This strategic move targets a long-term growth trajectory in the $10B US dental lab market, which is projected to expand due to rising demand from the retirement community. Recent studies highlight the challenges faced by aging small business owners, presenting consolidation as a viable option for operational efficiency. The acquisition could enhance competitiveness through advanced equipment investments.
AI-generated analysis. Not financial advice.
Positive
- Acquisition of Standard Dental Labs presents growth opportunities in the dental lab industry.
- Targeting a $10B market with expectations of steady growth due to demographic trends.
- Consolidation strategy aims to improve operational efficiency and economies of scale.
Negative
- None.
News Market Reaction – CSSI
On the day this news was published, CSSI gained 23.93%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
ORLANDO, FL / ACCESSWIRE / March 2, 2022 / Costas, Inc. (OTCMKTS:CSSI) Costas, Inc. (CSSI or "the Company") About COSTAS (CSSI): http://www.otcmarkets.com/stock/CSSI/profile.
COSTAS, INC. is a publicly traded company listed on OTCMarkets under the trading symbol ‘CSSI'. The Company has identified an acquisition target with a long-term business strategy in the dental lab industry, and has made an offer to its shareholders to acquire the company in its entirety.
Costas, Inc. has made an offer to the shareholders of Standard Dental Labs Inc. (SDL), a company incorporated in Wyoming in 2019, to purchase all of its shares. SDL's business plan, which includes a strong executive team, is to purchase existing dental labs in the private sector, and to consolidate those labs regionally into one larger facility. "Industry consolidation creates economies of scale, and in this industry that can mean the difference to survival." said James Brooks, Costas' new Chief Executive Officer.
In a May 2020 article, Barlow Research Associates stated that the average small business owner in America is over 60 years old, and of those, more than
According to recent data from Emergent Research: Among older owners polled,
Acquiring cash flowing, and profitable businesses with a financial track record, is CSSI's new business strategy. The dental lab industry as a whole is estimated to be a
About Costas: https://costas-inc.com/about-us
FORWARD LOOKING STATEMENTS:
This press release and the statements of representatives of Costas, Inc. (the "Company") related thereto contain, or may contain, among other things, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as "guidance," "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "ultimately" or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results (including, without limitation, Costas' ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with OTC Markets (Pink Sheets). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.
For further information contact:
admin@costas-inc.com
Costas Corporate Phone Number:
(321) 465-9899
SOURCE: Costas, Inc.
View source version on accesswire.com:
https://www.accesswire.com/690926/Costas-Inc-Makes-Offer-to-Purchase-Standard-Dental-Labs-Inc