IPD Due Diligence Report IPD.V Q2 Results (Ending January 31st 2016) Main Note: Another positive quarter and this does not include the Carbon Klean/Best Buy deal which is scheduled to start in April 2016. Price: $0.10 Common Shares: 15,617,670 Insider Holdings: 10,151,992 (65% as per SEDI) New Website: http://www.internationalparksideproductsinc.com/ Financials ASSETS Cash: $260,830 Accounts Receivable: $417,013 Inventory: $214,990 Prepaid Expenses: $63,224 Short-Term Investments: $155,407 Equipment: $659,837 Licensing Rights: $120,452 Total Assets: $1,891,753 LIABILITIES Accounts Payable: $366,996 Customer Deposits: $9,167 Total Liabilities: $376,163 Asset/Debt Ratio: 5:1 – This is a very strong indicator Q2 Sales Revenue: $1,442,431 Net Income: $123,129 6 Month Sales Revenue: $2,368,804 Net Income: $165,126 - $0.011c earnings per share 2014 Total Sales Revenue: $4,214,046 Net Income: $319,127 - $0.023c earnings per share MD&A Highlights Since the first shipment of LensPen in August 1993, the Company has expanded sales of these products to over 80 distributors in over 85 countries, and is continuously seeking to add new distributors and items to its range of cleaning devices. During the period, the Company attended CTIA 2015 in Las Vegas in support of its mobile device accessories. Vision West 2015 (Las Vegas), Silmo (Paris) and the Hong Kong Optical show were all attended in support of its eyewear lens cleaning accessories, adding new customers in the United States and Europe. The Company also began sales to a new distributor to the Italian photo market, Rinowa s.r.l. The Company began to see sales of the eyewear lens cleaning product PEEPS increase and is now pursuing a selling agreement for this item. In addition to the above, the Company has paid off all loans outstanding; consequently, the Company is completely debt-free except for current trade payables. The Company is self-financed through its generation of positive cash flows. The Company is not exposed to a significant amount of liquidity risk. As at the six month period ended January 31, 2016, the Company had positive working capital of $735,301 (January 31, 2015 - $784,073). The accounts payable and accrued liabilities balance is expected to be covered through the collection of accounts receivable balances and from current cash balances. The Company is not reliant on external financing. Most recent news release: Int'l Parkside, Patton to form JV company Carbon Klean 2016-01-06 14:34 MT - News Release Mr. Murray Keating reports MEMO OF AGREEMENT International Parkside Products Inc. has entered into a memorandum of agreement with Daniel J. Patton LLC of Columbus, Ohio, for the global marketing of its new eyeglass-cleaning device PEEPS and its line of laptop and smart phone screen-cleaning devices. The agreement calls for the creation of a new joint venture company named Carbon Klean LLC, which will have the global rights to the above-mentioned products. International Parkside will contribute the products and their trademarks and non-formulation patents while Patton will contribute its worldwide network of contacts in the eyewear and IT markets, as well as provide warehousing and distribution capacity. International Parkside will own 60 per cent of the JV initially and will be the sole manufacturer of the products to the JV. Patton will have 40 per cent but will have the ability to reach 50 per cent by achieving sales of one million units (approximately $4-million) over the initial two years of the deal. International Parkside will provide initial marketing funds of up to $100,000 (U.S.) by way of a two-year 6-per-cent loan to the JV. President of International Parkside's eyewear division, Peter Meurrens, stated, "This arrangement will give us the reach in the eyewear and IT markets that might have been impossible for us to achieve on our own." © 2016 Canjex Publishing Ltd. All rights reserved.
LEVEL 2 QUOTE Market Maker Shares Bid Price Ask Price Shares Market Maker 1,000 0.085 0.095 4,000 30,000 0.080 0.170 25,000 5,000 0.075 0.250 43,000 5,000 0.065 -- -- -- 10,000 0.060 -- -- -- 5,000 0.055 -- -- -- 7,000 0.030 -- -- -- 9,000 0.025 -- -- --
Just over 1% of the company stock for sale at $0.10c which is a pretty good position given the tight float, heavy insider ownership, great financials and profitability/growth internationally. LEVEL 2 QUOTE Market Maker Shares Bid Price Ask Price Shares Market Maker 75,000 0.085 0.100 162,000 30,000 0.080 0.110 4,000 5,000 0.075 0.200 25,000 7,000 0.030 10.000 55,000 9,000 0.025 -- -- -- 120,000 0.005 -- -- --
Company year end results came out and it looks like their cash balance went up quite a bit, despite a loss for the year(mostly attributed to a tax expense). Sales increased year over year which is good, but the nice thing is Q1 is coming out in a few weeks and there's already a 1c dividend announced. See below: Int'l Parkside to pay one-cent dividend Jan. 24 2016-12-06 14:06 MT - News Release Mr. Murray Keating reports DIVIDEND DECLARED International Parkside Products Inc. will pay a one-time dividend of one cent per common share, payable in cash, in respect of the year ended July 31, 2016. The dividend will be paid on Jan. 24, 2017, to shareholders of record on Jan. 13, 2017. The dividends declared have been declared as eligible dividends for Canadian income tax purposes pursuant to Subsection 89 (14), as defined under Subsection 89 (1), of the Income Tax Act (Canada). © 2016 Canjex Publishing Ltd. All rights reserved.
IPD Q1 Results (Ending October 31, 2016) Price: $0.09 Common Shares: 15,617,670 Insider Holdings: 10,368,992 (66.4% as per SEDI.CA – Recent insider buying from CEO) Company website: www.internationalparksideproductsinc.com Notes: - IPD $0.01c dividend to be paid out to any shareholders as of January 13th 2017, paid January 24th - IPD loss in 2015 was due to a deferred tax payment, otherwise the company made a profit - Sales revenue doubled in Q1 2017 in a year over year comparison ASSETS Cash: $455,326 Accounts Receivable: $827,680 Inventory: $175,784 Prepaid Expenses: $21,090 Short-Term Investments: $46,542 Equipment: $595,074 Licensing Rights: $109,702 Total Assets: $2,231,198 LIABILITIES Accounts Payable: $695,714 Customer Deposits: $92,252 Income Tax: $10,000 Deferred Income Tax: $109,000 Total Liabilities: $906,966 Q1 Sales Revenue: $1,775,126 (2015 - $926,373) Gross Profit: $809,412 (2015 - $438,426) Net Income: $117,106 (2015 – Loss of $45,906) Due to the MD&A being formatted without allowing for the ability to copy/paste, I cannot post a summary below. To see the MD&A, please visit www.sedar.com
Int'l Parkside to pay one-cent dividend March 26 2018-02-26 14:48 MT - Dividend Declared The issuer has declared the following dividend. Dividend per share: one cent Payable date: March 26, 2018 Record date: March 15, 2018 Ex dividend date: March 14, 2018 © 2018 Canjex Publishing Ltd. All rights reserved.
IPD Second Quarter Results. Financial Statements Ending January 31st 2018. All Information can be found at www.sedar.com Price: $0.17 Common Shares: 15,617,670 Insider Holdings: 70% As Per Sedi & Sedar Filings Website: www.lenspen.com Financials ASSETS Cash: $903,633 Accounts Receivable: $1,835,674 Inventory: $104,205 Prepaid Expenses: $27,721 Short Term Investments: $64,134 Equipment: $476,980 Licensing Rights: $91,952 Total Assets: $3,504,299 LIABILITIES Accounts Payable: $2,008,717 Customer Deposits: $56,734 Income Tax: $9,000 Deferred Income: $98,000 Total Liabilities: $2,172,451 Ex-Dividend Date is March 15th 2018 Sales For 6 Months: $4,773,759 Gross Profit: $1,014,486 Net Income: $148,781 or just under 1 cent per share earnings
