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Home INDUSTRIES REAL ESTATE

RSI International Systems and ARCpoint Group Received

August 8, 2022
Reading Time:3 mins read

Not for distribution to U.S. news wire services or dissemination in the United States. 

VANCOUVER, British Columbia, Aug. 08, 2022 (GLOBE NEWSWIRE) — RSI International Systems Inc. (NEX: RSY.H) (the “Company” or “RSI”) and ARCpoint Group LLC (“ARCpoint”) are pleased to announce that TSX Venture Exchange (the “Exchange”) has conditionally approved the previously announced proposed reverse takeover of the Company by the securityholders of ARCpoint (the “Transaction”). In addition, the Company and ARCpoint provide the following update in connection with the Transaction:

Selected Financial Information of ARCpoint

ARCpoint’s auditors have completed the audit of its annual financial statements for the financial years ended December 31, 2020 and 2021 (the “Audited Annual Financial Statements”) and the review of its interim financial statements for the three-month interim period ended March 31, 2022 (the “Reviewed Q1 Financial Statements”). The following selected financial summary has been prepared from the Audited Annual Financial Statements and the Reviewed Q1 Financial Statements of ARCpoint:

Selected Financial Information For the three months
ended March 31, 2022
Financial Year Ended
Dec 31, 2021
(audited)
Financial Year Ended
December 31, 2020
(audited)
IncomeStatementData      
Total Revenues 5,592,692 19,152,754 12,678,915
Income (Loss) From Operations 1,412,640 5,656,187 6,118,212
Total Comprehensive Income (Loss) 683,792 5,716,649 6,006,760
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