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BRIEF-Pivot Technology Solutions Inc - Appoints Chief Operating Officer And Chief Financial Officer

Published 2018-10-19, 08:28 a/m
Updated 2018-10-19, 08:30 a/m
BRIEF-Pivot Technology Solutions Inc - Appoints Chief Operating Officer And Chief Financial Officer

Oct 19 (Reuters) - Pivot Technology Solutions Inc PTG.TO :

* PIVOT TECHNOLOGY SOLUTIONS, INC. PROVIDES Q3 UPDATE

* PIVOT TECHNOLOGY SOLUTIONS INC - APPOINTS CHIEF OPERATING OFFICER AND CHIEF FINANCIAL OFFICER

* PIVOT TECHNOLOGY SOLUTIONS INC - DAVID TOEWS HAS BEEN APPOINTED AS COMPANY'S CHIEF FINANCIAL OFFICER

* PIVOT TECHNOLOGY SOLUTIONS INC - MATT OLSON HAS BEEN PROMOTED TO POSITION OF CHIEF OPERATING OFFICER.

* PIVOT TECHNOLOGY SOLUTIONS INC - Q3 GROSS PROFIT MARGIN IS EXPECTED TO BE HIGHER THAN PRIOR-YEAR PERIOD AT OVER 12% COMPARED TO 11% IN Q3 2017

* PIVOT TECHNOLOGY SOLUTIONS INC - Q3 RESULTS OF OPERATIONS HAVE YET TO BE FINALIZED, HOWEVER REVENUE IS EXPECTED TO BE APPROXIMATELY US$321 MILLION

* PIVOT TECHNOLOGY SOLUTIONS INC - EXPECTS TO REPORT POSITIVE ADJUSTED EBITDA FOR Q3

* PIVOT TECHNOLOGY SOLUTIONS INC - CONTINUES TO MAKE PROGRESS WITH SMART EDGE

* PIVOT TECHNOLOGY SOLUTIONS INC - PRELIMINARY OUTLOOK FOR Q4, IS FOR CUSTOMERS TO RETURN TO MORE TRADITIONAL BUYING PATTERNS

* PIVOT TECHNOLOGY SOLUTIONS INC - EXPECT TO GET ORDERS FOR FUNDED PROOF OF CONCEPT PROJECTS IN Q4 FOR SMART EDGE

* PIVOT TECHNOLOGY SOLUTIONS INC - EXPECT TO REMOVE OVER $5 MILLION IN ANNUAL COSTS THROUGH COST EFFICIENCIES TO BE IMPLEMENTED OVER NEXT TWO QUARTERS

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