(Windsor, Ontario – August 2, 2017) – Reko International Group Inc. (TSX-V: REKO) today announced its plans for the construction of a new manufacturing and innovation facility. The building, which will encompass over 40,000 square feet of production space, will be adjacent to its current premises on Silver Creek Industrial Drive in Lakeshore, ON.
It was a big quarter for Reko International Group!
On March 29, 2017 in Cologne, Germany, the Automation Division of Reko International Group Inc., was awarded the 2016 Supplier of the Year Award in the Tooling and Equipment category. Rick Stone, General Manger of the Reko Automation division, accepted the award on behalf of the company. Congratulations to our Automation Division!
(Windsor, Ontario – June 29, 2017) – Media reports were disseminated earlier today regarding a potential expansion of our Lakeshore, Ontario facility.
While discussions and negotiations as to such potential expansion are ongoing, there are not, as of yet, any definitive plans or agreements, and the plans for such expansion are subject to the completion of negotiations and entering into definitive agreements.
There is no assurance that such agreements will ever be finalized or that any expansion will proceed.
(Lakeshore, Ontario – December 12, 2016) – Reko International Group Inc. (TSX -V:REK) announced today the approval of a normal course issuer bid for 321,996 of its outstanding common shares.
The notice provides that Reko may, during the 12-month period commencing December 15, 2016 and ending December 14, 2017, purchase on the TSX Venture Exchange up to a total of 321,996 of its common shares, being approximately 5% of the outstanding common shares. Matthew LaRose of National Bank Financial will be the Member acting on behalf of Reko. The price that Reko will pay for any such shares will be the market price at the time of acquisition. The actual number of common shares which may be purchased and the timing of any such purchases will be determined by Reko. All purchased shares will be cancelled. There are 6,439,920 common shares of Reko outstanding as of today.
Reko announces the special dividend approved yesterday will be paid on January 19, 2017 to shareholders of record of December 12, 2016
(Windsor, Ontario – December 2, 2016) – Reko International Group Inc. (TSX-V:REK) is pleased to announce that the payment of the special, one-time, cash dividend of $0.20 cents per share
to the holders of the Company’s common shares that was announced on December 1, 2016, will be paid to the shareholders of record of December 12, 2016. The ex-dividend date will be December 8, 2016, and the actual payment of the cash dividend will occur on January 19, 2017.
(Windsor, Ontario – July 4, 2016)- On September 22, 2014, Reko International Group Inc. (TSX-V: REK)announced a supply agreement with a single customer for precision machining services. The contract was expected to generate $27.5 million of sales over a three-year period. Due to a change in market conditions, the client has exercised its right to make an advance payment of $3,000,000 US in lieu of 31% of the contracted volume. Reko will include the $3,000,000 payment in revenue and profit before tax during the final quarter of fiscal 2016. Accordingly, this amount will not be earned in future periods of the contract. The modified schedule calls for delivery of the remaining 36% of the originally contracted volume through 2020.
The successful candidate will be involved with the development of system layouts and design specifications for factory automation solutions, including special purpose machines, fixtures, and gauges.
To ensure all incoming and outgoing goods are organized, stocked throughout the plant, and inventory is tracked.
Reporting to the Quality Manager, this position will be physically inspecting completed parts before they leave the facility. They will also be responsible for completing production reports.
Reko International Group Inc., a technology driven manufacturer (TSX V- REKO) is seeking additional members for its diverse Board of Directors.
Set-up and operate CNC machines by reading and interpreting part prints, setting up and securing work pieces and tooling, verifying machine systems and tool sequence, setting cutting tools, programming to part prints, machining work pieces, checking finished work pieces, deburring, and prepping for assembly.
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