13 January 2020
KST Increases Stake In Data
BRAMPTON—
Data Communications mail plant in Brampton
Data Communications mail plant in Brampton
KST Industries Inc. announces that on January 6 it acquired ownership of a total of 3,148,718 commons shares at a price of $0.23 per of DATA Communications Management Corp.They bought the share through a  rights offering  announced by Data in November of 2019. KST owned  approximately 9.30% of the issued and outstanding Common Shares before the purchase .
KST now owns approximately 11.96% of Data Communications.There is no majority shareholder for Data. 
 
    Data has experienced a decrease in revenues of 15.6%  primarily  attributed  to  continued production shortfalls , directly related to the launch of its  new enterprise resource planning (ERP) system in June of 2019. Data's sales have been around $320 million. 
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