Daniels Corporate Advisory Co. Inc. (“DCAC”) Incubator of Start-ups fulfills Corporate Aim — Acceleration of Subsidiary Growth.
February 28, 2021 Quarter
New York, New York., April 19, 2021 (GLOBE NEWSWIRE) -- Daniels consolidated quarterly results are indicative of an incubator fulfilling its corporate aim - successfully achieving its goal of advising and financing its premier subsidiary in the Transportation Services segment of the Trucking Industry. Daniels continued to umbrella the expansion efforts of its subsidiary through financing sources that continue to be expensive in nature. Management believes the capital costs were warranted and helped produce a stellar performance for its key growth engine - Payless Truckers, Inc.
For the Quarter, Payless Truckers had Total Revenues of
The flip business - that could be categorized as “truck trading” - selectively buys, adds electronic improvements for safety and location, provides cosmetics, advertises and resells — booked Truck re-sales of
The Program business — our rental fleet that now numbers twenty-two trucks - had rental income of
During the quarter ending February 28, 2021, the Rule 144 aging process continued to mature for In- house, longer term financing. One hundred & Fifteen Million equity shares were individual grants by the parent company as an addendum to the original start-up agreement. The grants were created for a specific purpose — for Senior oversight financial management. operations managers and retained consultants — to participate voluntarily in the growth of the Payless Subsidiary and ultimately in subsequent client/subsidiaries. The Grant shares will be eligible for sale during May 2021.
Negotiations with long term straight debt non-dilutive lenders and Preferred Stock financiers started in earnest during the quarter and progressed to a point where Daniels’ senior management believes levered financing to take Payless to its first plateau — of 100 rental fleet trucks- is achievable and will start during the May 31, 2021 Quarter. Leveraged finance closings will occur in stages supported by insider sales of equity shares already counted in the outstanding share count of Daniels. The timing of equity sales will be to meet the current operating capacity of Payless. Board level discussions are taking place to expand the Payless operating facility to speed up the expansion. (Relocation to larger rental quarters may be necessary).
The combination of straight debt, Preferred Stock and timed insider equity capital sales/ infusions will reduce dependence on expensive private loans secured against trucks. Blended Public market-rates for financing, will allow Daniels / Payless to service a larger debt load and accelerate growth prospects. Our cost of capital should drop significantly from current levels.
Press Release Contact: Nicholas Viola
CEO
Email: onewallstreetn@aol.com