Benchmark International Facilitated the Transaction of E-Vergent.com to Tahoe Network Infrastructure

Franksville, WI, February 05, 2023 —- Benchmark International is pleased to announce the acquisition of E-vergent.com by Tahoe Network Infrastructure.

The seller, E-Vergent.com, is a provider of fast, reliable, high-speed internet and VoIP service. They service Southeastern Wisconsin and Northwestern Illinois with their vast fiber optic cable infrastructure. Their reputation is second to none, with reliability and customer service leading the charge in the rural areas that they service.

The buyer, Tahoe Network Infrastructure, is a service provider specializing in constructing private fiber optic networks utilized for Wide Area Networks (WANs) and Fiber Internet Service. Headquartered in Spokane, Washington, Tahoe’s primary service area is the mid-west, but it continues to expand in other territories. Combined with 100 years of experience, their team provides a high-quality service while eliminating waste and reducing costs. Tahoe is constantly looking for acquisitions in the fiber space, including partnering with rural electric utilities and cities looking for a financially sound broadband partner.

“Benchmark International was key to making the initial connection between our companies. Had it not been for Matthew Kekelis and the Benchmark International team, it’s possible Tahoe Network Infrastructure would have never found E-Vergent.com and acquired such a great asset,” Greg Green, Chairman of Tahoe Network Infrastructure.

“E-Vergent.com built an incredible business with a loyal customer base. They are a dominant player in their neck of the woods and were a prime candidate for a strategic buyer like Tahoe Network Infrastructure. It was a pleasure to work with both teams to make this acquisition a reality” – Matthew Kekelis, Transaction Director, Benchmark International.

Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com

Europe: Michael Lawrie at +44 (0) 161 359 4400 / Enquiries@BenchmarkIntl.com

Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com

About Benchmark International:

Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $8.25 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the #1 Sell-side, Privately Owned M&A Advisor in the World by Pitchbook’s Global League Tables.

Website: http://www.benchmarkintl.com
Blog: https://blog.benchmarkcorporate.com
Contact
Benchmark International
Brittney Zoeller
813-898-2350
www.benchmarkintl.com
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Ermenrich – Measuring Tools by Levenhuk

Prague, Czech Republic, February 05, 2023 — Levenhuk Optics Ltd. introduces its new brand – Ermenrich.

With the new brand, the company is taking the first steps in a new direction – the production and sale of measuring tools designed for professional and home use. Ermenrich belongs to the Levenhuk company, which currently operates in 23 countries worldwide.

Everyone benefits from choosing the right measuring tool, not just professional carpenters. Ermenrich produces a large number of measuring tools for every toolbox. For beginners and professionals, the product range includes the most essential tools that are used in land surveying and zoning, woodwork and carpentry, quality assessment of building materials, gas leak detection, electrical wiring testing, etc.

Hundreds of new devices have gone into production, and the first batches are already in stock: laser and classical tape measures, moisture and gas detectors, rangefinders, laser levels, stud detectors, battery testers, voltage testers, and many more.

The key features:
· Great product selection of brand-new and top-selling products.
· Colorful design. All of the devices come in stylish boxes and with multilingual manuals.
· Endorsed and produced by Levenhuk.

About Levenhuk Optics Ltd.:
Levenhuk Optics Ltd. (https://eu.levenhuk.com/) (Company ID: 242 04 668, Tax ID: CZ24204668) is one of the largest distributors of optical devices in Europe, as well as a manufacturer of optics under its own brand Levenhuk (telescopes, microscopes, and binoculars).

Today, Levenhuk Ltd. is one of the most famous companies in Europe producing educational content and accessories for amateur astronomy and microscopy. Levenhuk’s head office is located in Prague. Levenhuk has offices in the US, Canada, Azerbaijan, Belgium, Bulgaria, Hungary, Greece, Iceland, Spain, Italy, Cyprus, Latvia, Luxembourg, Malaysia, the Netherlands, Poland, Portugal, Russia, Romania, Turkey, Ukraine, Finland, and the Czech Republic, with 145 employees working worldwide.

The company operates an international chain of specialized retail shops called Zoom’n’Joy. The chain includes 72 stores located in 52 cities across Europe and Russia.
Contact
Levenhuk Optics Ltd.
Val Johnson
+44 20 3051 6250
https://eu.levenhuk.com
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International Intelligence Network (Intellenet) Appoints Jeffrey Stein as Executive Director

West Chester, PA, February 05, 2023 —- The appointment establishes Stein who possesses over 35 years in the criminal justice field and is an established leader, with past volunteer roles as President of the West Chester University Alumni Association and Past President and Chairman of the Board for The Pennsylvania Association of Licensed Investigators will serve in a Dual role as both the Executive Director and Chairman of the board for Internet with over 600 members spread out in more than 70 foreign countries throughout the world.

Serving in his dual role, Stein will oversee the Board of Directors, operations, initiatives, recruitment, strategic partnerships, and the day-to-day needs of the association.

On March 27 – 30, 2023, Intellenet will celebrate its 40-year anniversary in Orlando, Florida at its annual Intellenet Conference.

Internet is a highly experienced group of professional investigators and security consultants with national and international investigative capabilities. Intellenet ‘s goal is to assist businesses to resolve problems with a maximum of professionalism and competency. They operate as a close-knit association. They are an alliance of experienced professional investigators adhering to a set of By-Laws and a Code of Conduct that stresses ethical, professional, and expert conduct. Member capabilities, reputations, and accomplishments are sustained by membership in Internet. Multi-faceted skills are acquired or enhanced by many seminars, conventions, and training experiences available through Internet activities and other related associations.

Jeffrey Stein, LPI, BAI, CII, CCDI, V.S.M.

Professional experience
Jeffrey Stein has 35 years of experience in the private investigations, security, security consulting, CCTV, and loss prevention fields. He is the President / Owner of ELPS Private Detective Agency who provides expert witness, consulting, investigative and security services to attorneys, businesses, cannabis industry and private citizens.

Stein has personally conducted over three thousand internal and external integrity and witness interviews during the course of his career in the private sector for both civil and criminal cases. He is a licensed Professional Investigator in both New Jersey and Pennsylvania.

Stein received his bachelor’s degree in criminal justice from West Chester University. He has received advanced training in interviewing and interrogation techniques and attended the New Jersey State Police Academy, Municipal Class, located in Sea Girt, NJ. He is also Board Certified as a Criminal Defense Investigator by the Criminal Defense Investigation Training Council and a Board Accredited Investigator. His expertise, while specializing in criminal defense / homicide investigations, includes personal injury, inadequate security, liquor liability, corporate fraud, white collar crime, workplace violence, civil investigations, retail loss prevention, asset protection and surveillance systems. In January of 2018, he was inducted as a member of the Vidocq Society. In February of 2018, he was licensed by the Texas Department of Public Safety as a Continuing Education Instructor for both Private Investigations and Security.

In 2011, Stein was appointed Co-Security Director for the International JCC Maccabi Games, held in the Philadelphia, PA region. Security is a significant focus of the JCC Maccabi Games. Security coverage for the games is a combination of local, state, and federal law enforcement agencies and other security experts to coordinate and implement all aspects of the security prior to and throughout the JCC Maccabi Games. The responsibly includes multi-site locations and security and safety for over 6,000 individuals including all athletes, coaches, delegation heads, and visitors to the JCC Maccabi Games. Athletes and their families from the United States, Canada, Mexico, Israel, Panama, and Great Britain participated in the 2011 games.

Stein is a former New Jersey 911 operator, New Jersey State Certified Firefighter and Emergency Medical Technician. His current training and certifications include PA Act 235, Lethal Weapons Training, Certified TIPS instructor and SORA instructor for the New Jersey State Police. He has been interviewed and used as a subject matter expert by FoxNews.com, CBS Philly, and is a contributing author for Advanced Private Investigation, A Manual of Advanced Investigative Skills for the Private Investigator. Charles C. Thomas Pub Ltd. (April 4, 2011). Stein has been on CNN Death Row Stories and the ID Channel discussing his investigative perspective regarding the respective cases featured on these televised programs. He has written articles published in the following magazines: PI Magazine, Unsolved Magazine, For the Defense; The Pennsylvania Association of Criminal Defense Lawyer’s premier digital magazine, East Bradford Neighbors and New Matter, Publication of the Chester County Bar Association.

Contact
Intellenet
Jeff Stein
610-490-8945
intellenet.org
610-696-7799

Temp Pro Mechanical Inc. Prepares for Emergency AC Repair in Fort Worth, TX

Fort Worth, TX, February 05, 2023 –(PR.com)– Temp Pro Mechanical Inc. is an experienced HVAC provider that offers emergency AC repair in Fort Worth, TX, and the surrounding areas. Their services include repair, maintenance, and installation of all types of HVAC systems.

There are several steps involved in keeping customers comfortable during the upcoming seasons, and Temp Pro Mechanical Inc. is dedicated to providing top-of-the-line services that make sure their clients’ systems are ready for whatever weather comes their way. With a team of certified technicians, homeowners can rest assured that their heating and cooling needs are being taken care of quickly.

Here are some of the signs you should look out for that might indicate a need for emergency AC repair:

• Your AC unit is not producing cold air.
• You hear strange noises coming from your unit.
• The system cycles too often.
• There’s an odd smell coming from the vents.
• Unusual water leaks are present near the unit.

These are just a few of the signs that can indicate your AC system might be in need of repair, so it’s important to make sure you take action as soon as possible if you suspect something is wrong.

With temperatures expected to exceed 100 degrees Fahrenheit this summer, the company is prepared to offer 24/7 service to residents and businesses in need of urgent cooling assistance. “We understand that when your air conditioning fails, it can be a serious emergency,” said company CEO Daniel Martinez. “That’s why we’re mobilizing our resources and making ourselves available around the clock.”

Temp Pro Mechanical Inc. is experienced in servicing various brands such as Carrier, Trane, Goodman, Goodman, Bryant, York, Lennox, and more. Their team of technicians comes equipped with state-of-the-art tools and advanced technology that allows them to diagnose and repair any issue quickly. Being a certified Bryant dealer, their services come with extended warranties.

In addition to emergency AC repair in Fort Worth, TX , the company provides maintenance packages as well as various other products such as Bryant’s Preferred UV Lamp, Vertical Evaporator Coil, Air Purifier, Carbon Monoxide Alarm, Slab Evaporator Coil, The Evolution Connex (Thermostats), Evaporator Coils and much more.

Individuals who are in search of emergency AC repair can contact Temp Pro Mechanical Inc. It is important to remember that if your HVAC unit is not functioning properly, it could cause potential health risks. For more information on the services they provide, visit their website or call (972) 504-2079 to speak with a representative directly.

About Temp Pro Mechanical Inc.

Founded by Daniel Martinez, Temp Pro Mechanical Inc. is a full-service HVAC company specializing in emergency AC repair and installation services for residential and commercial clients. The company employs certified technicians who are knowledgeable in all types of heating and cooling systems.

Their services include preventive maintenance tune-ups, repairs for all types of air conditioners, installation services, duct cleaning & sealing, refrigerant recharging, emergency repairs 24/7, and also AC replacement in Fort Worth, TX. All the services are offered at competitive rates without compromising on quality or safety.

Their expert technicians will quickly diagnose any issue with your air conditioner and provide you with an upfront quote before starting any work. They pride themselves on their customer service skills and strive to make sure that each customer’s needs are met promptly and professionally.

For more information about this press release, please contact:
Contact
Temp Pro Mechanical
Daniel Martinez
972-586-2534
https://www.temppromechanical.com/
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Gemini Casino USA Friendly Online Casino Introduces CashApp as New Payment Method for the USA Market

Los Angeles, CA, February 05, 2023 –USA Friendly “Gemini Casino” Introduced CashApp as a new deposit method.

www.geminicasino.io/, a leading provider of online crypto casino gaming experiences, is excited to announce the integration of CashApp into its platform. This integration will provide players with convenience, allowing for instant convenient deposits, from the comfort of their own homes.

According to a 2022 report by David Curry of the “Business of Apps” online blog, CashApp has over 40 Million users, the majority residing in the USA.

At Gemini Casino, the player experience is a top priority. The integration of CashApp is a testament to the company’s commitment to delivering the most seamless and user-friendly gaming experience possible. With instant withdrawals, players can enjoy their winnings in a matter of minutes, without the frustration of waiting for processing times.

“We are thrilled to offer this new level of convenience to our players,” said a spokesperson for Gemini Casino. “At Gemini Casino, we understand that waiting for winnings to be processed can be a source of frustration. Our goal is to eliminate this frustration and make the process as easy and seamless as possible.”

Gemini Casino is a destination for players looking for an online casino experience. With a diverse selection of games, a user-friendly interface, and seamless performance.

Gemini Casino invites all players from the United States to experience the best of what the online casino world has to offer. With its commitment to player experience, advanced security measures, and cutting-edge technology, it’s easy to see why Gemini Casino is the best casino in the world.

The casino platform operates under the brand flag of the renowned Atlantic Star Casino Group, known for its casino projects both in land-based and online gaming. At Gemini Casino, player security is a top priority. Advanced encryption technologies and strict security protocols ensure that personal and financial information is always protected.

Gemini Casino is online crypto casino gaming platform catering to players from the United States and beyond. Offering a vast array of exciting live dealer games, slots, and fish games from leading providers in the industry, Gemini Casino is dedicated to providing its players with the best possible gaming experience. The platform is renowned for its fairness and transparency, ensuring that players have a level playing field.

Website: www.Geminicasino.io
Contact
GeminiCasino.io
John Star
719-960-8407
www.geminicasino.io/
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Future Electronics Head Steps Down, Formal Leadership Announced

Pointe Claire, Quebec, Canada, February 05, 2023 — Future Electronics today announced that – despite not being involved in the day-to-day operations for a number of years – Chairman, President, and CEO Robert G. Miller will permanently step down to focus on his very serious health issues and devote his attention to pursuing legal action related to allegations made by the CBC.

Mr. Miller adamantly and vehemently denies the malicious allegations made against him and confirms they are false and wholly unsubstantiated and that they arose as a result of a bitter divorce. They are now being repeated for financial gain. A police investigation was conducted into these allegations and the authorities determined that they were unfounded. Mr. Miller will take all measures to vigorously pursue legal action against those whom he categorically believes to have set out to malign his character.

Effective immediately, Omar Baig assumes the role of President and CEO.

About Future Electronics

Future Electronics is a global leader in electronics distribution, recognized for providing customers with global supply chain solutions, custom-tailored engineering services and a very extensive variety of electronic components. Founded in 1968, Future Electronics believes its 5500 employees are its greatest asset, with 170 offices in 44 countries. Future Electronics is globally integrated, with a unified IT infrastructure that delivers real-time inventory availability and access to customers. With the highest level of service, the most advanced engineering capabilities, and the largest available-to-sell inventory in the world, Future’s mission is always to Delight the Customer®. For more information, visit www.FutureElectronics.com.

Media contact:

Jamie Singerman
Corporate Vice President – Worldwide
Future Electronics
www.FutureElectronics.com
+1 514-694-7710
Jamie.Singerman@FutureElectronics.com
Contact
Future Electronics
Jamie Singerman
514-694-7710
https://www.futureelectronics.com
237 Hymus Boulevard, Pointe Claire, Quebec, H9R 5C7, Canada
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FTL Construction Law (.com), Launches in 2023

Uniondale, NY, February 05, 2023 — New York and Florida-based Construction Litigation and Arbitration firm, The Law Offices of John Caravella, P.C., has launched a secondary website (ftlconstructionlaw.com), to create a distinction between its parent site, (liconstructionlaw.com). Focusing primarily on Solar Panel issues, FTL Construction Law touches on the legal disputes and issues thousands of Florida residents are currently facing with their solar panels installed. From roof specs, relocating, leasing vs owning solar energy panels, solar companies’ reputations, property damage, and more, FTL Construction Law is a gateway to needed information when debating on researching legal options.

With a singular focus on construction law and a detailed emphasis on communication with clients, they can expect honesty and trust from every member from Mr. Caravella’s firm. This serves as a foundational principle for the firm, acting as a driving force for growth since their establishment in 2008.

As we know, solar energy systems and warranties are governed primarily by state law, but are also subject to federal laws. As FTL Construction Law (.com) is a doorway for prospective clients to learn and understand more about Legal Disputes in Solar Energy, they will also be able to read and learn about other construction related issues such as Supplier Disputes, Construction Contract Claims, Construction Defects, Construction Disputes, Labor Law, House Lifting, Litigation, Arbitration, Construction Contract Advising Consulting, Post-Fire Reconstruction and Insurance Claims, and Natural Disaster Recovery, such as relief programs sponsored by FEMA and the American Red Cross.

The Law Offices of John Caravella, P.C. also assists attorneys with clients that have construction concerns on a construction project. If your client is planning for a construction project, one is already underway, or they have a concern on a completed matter, do not have just any real estate or traffic lawyer in your corner. Construction projects are often complex and so to can be the issues related to a construction dispute.

To request a consultation, please visit FTL Construction Law (.com).
Contact
The Law Offices of John Caravella P.C.
John Caravella
(516) 462-7051
www.LIConstructionLaw.com
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NITKonnect announces its annual flagship conference, NITKonnect 2023

Bengaluru 4th Feb 2023: NITKonnect, a platform created by NITK Alumni Association Bangalore Chapter has announced its annual flagship conference, NITKonnect’23, on Feb 4th,2023. The 2nd edition of this annual event will feature a power-packed line-up of Indian and global business leaders, experts, strategists, and policymakers. The summit will focus on the theme –“Engineering the New Bharat”, keeping in mind the rapid growth trajectory that India is on in its quest to become the no.3 economy in the world by 2030. 400+ Business Leaders and Entrepreneurs will be participating in the deliberations spread out between the plenary sessions, keynotes, panels and sectoral huddles.

LTORMR.NIRANJAN M, PRESIDENT - NIITK ALUMNI ASSOCIAL-BANGALORE CHAPTER WITH MR MADAN PADAKI, President - TiE SINGNING MOU

Mr.Rajeev Chandrasekhar, the Hon’ble Minister for Skill Development, Entrepreneurship, IT & Electronics. said ” Thank you for inviting me for the NIT Alumni Konnect. I am sure that after passing out of NITK, a prestigious institution for high-quality technical education and research, you all have charted your own lives in the manner you always wished.

I am happy that many of you have become entrepreneurs and run successful startups. Our government has always been supportive of such initiatives and has worked towards providing an enabling policy framework.

Today India is the third largest startups ecosystem in the world. Our Government under Hon’ble PM Narendra Modi ji has put in place well-calibrated policies & programmes that are catalyzing India’s Techade while nurturing a vibrant startup and innovation ecosystem.

Events such as NITKonnect are in my opinion an important element of fulfilling the vision of New India. At many places, alumni associations are helping entrepreneurial growth by incubating and handholding startups. As a government we intend to encourage and co-partner with such associations and drive India’s progress during the Amrit Kaal.

The plenary session will feature Mr.Aravind Melligeri(Chairman & CEO, Aequs Group and a NITK Alumnus) & Mr.Koshy(CEO, ONDC) who will outline the key imperatives and policy initiatives that are essential for the country to progress towards the vision of “Amrit Kaal” over the next decade.

Key speakers participating in the event include other NITK Alums who are at the helm of affairs in global corporations like Mr.Rajesh Rege, President-HoneyWell India, Mr.Ravindranath Gumaste, MD-Kirloskar Ferrous, Mr.Lingaraju Sawkar, President-Kyndryl India, Mr.Kaniappan, MD-ZF CV India and Ms.Srishti Sofat, SVP-Oracle Fusion CX. They will be outlining what it will take for ‘Bharat’ to become the Innovation Engine of the World by 2030.

To complete the innovation spectrum, celebrated start-up founders like Mr.Aprameya Radhakrishna (Koo), Mr.Utham Gowda (Captain Fresh), Mr.Krishna Kumar (Simplilearn) and Mr.Raghunandan (Zolve) will share insights from their experiences on navigating the funding winter and staying afloat with startup founders.

Top-notch organisations and emerging blue chip companies such as Effigo, Capstone Ventures, IMML, Koo, Peps, Kyndryl, Saint-Gobain, ZF, eSumudaay, Simplilearn, Smart Q, DriveU, Aequs, Poise Motors, Kirloskar Ferrous and Good Meetings have provided the much-needed support for hosting this event.

Key Highlights

  • NITK Alumni have founded exceptional startups in the last 5-6 years. The startups have achieved valuation in excess of USD 10 bln. To sustain this momentum, NITKonnect organised a Start-up Pitch session to identify budding entrepreneurs within the community. Over 50 start-ups participated in this challenge, of which the Top 5 promising start-ups that demonstrated innovation, viability and novelty were selected via a stringent evaluation process run by a Global Investor Panel. These start-ups attracted a commitment of upto USD 1.5 Mln from investors and will be accorded special recognition at the event.
  • The Curtain Raiser event for the Summit saw the launch of a unique cross-border collaboration between Bengaluru and Bay Area via the ‘𝑵𝑰𝑻𝑲 𝑩𝒂𝒚 𝑨𝒓𝒆𝒂 𝒕𝒐 𝑩𝒆𝒏𝒈𝒂𝒍𝒖𝒓𝒖 𝑪𝒐𝒏𝒏𝒆𝒄𝒕’ Initiative. This will be a common platform for global NITK alumni to leverage synergies for business growth, market expansion, and access to funding.
  • NITKonnect also announced the inking of two powerful collaborations with TiE Bangalore and Your Story respectively. Commenting on these collaborations, Mr.Niranjan M, President-NITK Alumni
  • Association(Bangalore Chapter) opined “At NITKonnect, our vision is to set up an investment syndicate and an incubation centre which will groom and mentor start-ups to set up sustainable ventures, with potentially a Unicorn in the next 5 years. We are absolutely thrilled at the prospect of partnering with two giants of the entrepreneurial ecosystem in TiE Bangalore and Your Story. We are eagerly looking forward to working closely with both of these organizations in realising this dream.”
  • NITKonnect has signed a MOU with TiE Bangalore to jointly further the growth of the start-up ecosystem in Karnataka. Early-stage start-up founders will be able to draw upon the collective expertise of the 1000+ strong community for mentorship, access to funding, and capability enhancement through knowledge-sharing sessions and networking for business growth. To facilitate this, TiE Bangalore will be offering membership at a special price to start-up founders associated with NITKonnect. Commenting on this development,

Mr.Madan Padaki, President-TiE Bangalore said “ We are really excited to partner with NITKonnect on this unique initiative. Enabling access to funding & investors and providing support to entrepreneurs by way of mentorship, access to markets and customers are key pillars of TiE Bangalore. This collaboration with NITKonnect will provide a great fillip to the combined efforts of both organizations in expanding the ecosystem further by way of a larger pool of mentors & investors.”

NITKonnect’s collaboration with Your Story, a leading media technology company for startups, entrepreneurs, investors, innovators and change-makers, will focus on coverage of the various initiatives undertaken by NITKonnect as well as mutual speaking/workshop opportunities. The phenomenal reach of Your Story’s digital platform will be leveraged to capture compelling stories of entrepreneurial ventures launched by the NITK alumni.

Kamdhenu Jeevandhara Foundation delivers computers to needy children

Kamdhenu Jeevandhara Foundation

Kamdhenu Jeevandhara Foundation, the corporate social responsibility arm of Kamdhenu Group has begun a computer donation program as part of its Corporate Social Responsibility (CSR). The program is aimed at empowering poor children enrolled in it free computer training program who have excelled in the program but could not afford to buy a computer.

For more than a decade now, Kamdhenu Jeevandhara, has been directing its CSR activities to empower children from the poorer sections through education and computer training programs. More than 1000 children have benefitted from the free-of-cost education program with a nominal registration fee.

The program will be run out of the foundation’s computer center in Chakarpur, Gurugram, and will supplement other CSR initiatives including the school for underprivileged children, basic computer education, and free meal.

“The computer training course has been instrumental in ensuring better job prospects and hence better quality of life for many. Taking the initiative a step further, Kamdhenu Jeevandhara Foundation has taken the initiative to distribute desktop computers to bright yet needy children so that they can make the most of the computer training course”, elaborated Ms. Radha Agarwal, Chairperson, Kamdhenu Jeevandhara Foundation while talking about the desktop distribution programme.

Strong performance continues by Linc Limited in Q3 FY23 surpassing all time high EBITDA & PAT of Q2 FY23

Kolkata, West Bengal, 4th February 2023: Linc Limited (Formerly Linc Pen & Plastics Limited), one of the most trusted names in the writing instruments & stationery business, announced its Q3FY23 results today. The Board of Directors of Linc Limited at its meeting held on 3rd February 2023 took on record the Unaudited Financial Results for the third quarter of Financial Year 2022-23. Linc has a robust domestic and international presence spreading more than 40 countries and the brand is respected for producing world-class and innovative products.

quarterly result

Mr Deepak Jalan, Managing DirectorCommenting on the results, Mr. Deepak Jalan, Managing Director, Linc Limited said:

“Continuing on our strong performance in the previous quarter, Q3 FY23 has also been a landmark quarter as we have achieved highest ever profit in the history of our company. Total Income for Q3 FY23 amounted to 12,495 lacs as against 9,575 lacs in Q3 FY 22, cloaking a YoY growth of over 30%. Better product mix, along with stable raw material prices during the period resulted in sharp increase in operating margin. Gross margin increased from 30.5% in Q2 FY23 to 33.1% in Q2 FY23. EBITDA margin also improved to 14.9% and was up 744 basis points YOY and 201 basis points QoQ in spite of higher manpower and advertisement costs.

Our sales network continues to spread as we added over 2500 + touchpoints in the quarter gone by. This coupled with the slated launch of a new Rs 40 pen under Pentonic stable in the current quarter, as well as increased thrust on brand strengthening augers well for our topline growth. In spite of the slight uptick in polymer price of late, margins are expected to remain stable in the coming quarters due to improving product mix. This along with strong demand for Company’s product should help us in growing our profits.”

 

Milestones Achieved for Q3 FY 23

 Total Income:

  • ₹12,495 Lacs, registering a growth of 30.5% YoY and -2.2% QoQ
  • Share of ‘Pentonic’ at 30.3% inQ3 FY23 as against 25.5% in FY22

Gross Profit:

  • All time high of ₹4,126 Lacs, up 70.7% YoY & 6.5% QoQ. Gross Margin was at 33.1%

EBITDA:

  • All time high of ₹1,859 Lacs, up 160.4% YoY & 13.3% QoQ. EBITDA Margin was at 14.9%

PAT:

  • All time high of ₹1,113 Lacs against full year FY22 PAT of ₹813 Lacs, up 299.6% YoY & 16.5% QoQ. PAT Margin was at 8.9%
  • EPS stood at ₹7.48 inQ3 FY23 vs ₹1.87 in the same period last year

Net Debt: 

  • Debt has come down to zero and Net Debt stood at (₹1604) lacs as against ₹290 lacs in FY 22
  • Net Debt / EBITDA improved further to (0.27) from 0.12 in March 2022. It stood as high as 2.43 in March 2018