Kustom

DIGITAL ALLY, INC ANNOUNCES 2023 OPERATING RESULTS

Retrieved on: 
Tuesday, April 2, 2024
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LENEXA, Kansas, April 02, 2024 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (Nasdaq: DGLY) (the “Company” or “our”), today announced its operating results for fiscal year 2023.

Key Points: 
  • LENEXA, Kansas, April 02, 2024 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (Nasdaq: DGLY) (the “Company” or “our”), today announced its operating results for fiscal year 2023.
  • Operating losses for the year ended December 31, 2023 and 2022 were $22,240,553 and $29,733,258, respectively, a decrease of $7,492,705 (25%).
  • Operating loss as a percentage of revenues improved to 78% in 2023 from 80% in 2022.
  • The Company will host an investor conference call at 11:15 a.m. EDT on Tuesday, April 2, 2023, to discuss its 2023 financial results, corporate and individual subsidiary outlook, and previously announced corporate separation.

DIGITAL ALLY, INC ANNOUNCES THIRD QUARTER 2023 OPERATING RESULTS

Retrieved on: 
Wednesday, November 15, 2023
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LENEXA, Kansas, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (Nasdaq: DGLY) (the “Company” or “our”), today announced its operating results for the third quarter 2023.

Key Points: 
  • LENEXA, Kansas, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (Nasdaq: DGLY) (the “Company” or “our”), today announced its operating results for the third quarter 2023.
  • An investor conference call is scheduled for 11:15 a.m. EDT on Wednesday, November 15, 2023 (see details below).
  • We reported an operating loss of $5,148,043 and $6,567,023 for the three months ended September 30, 2023 and 2022, respectively, an improvement of $1,418,980 (22%).
  • The Company will host an investor conference call at 11:15 a.m. EDT on Wednesday, November 15, 2023, to discuss its third quarter 2023 financial results, corporate and individual subsidiary outlook, and previously announced corporate separation.

Kustom Entertainment, Inc. Enters into Business Combination Agreement with Clover Leaf Capital Corp.

Retrieved on: 
Friday, June 2, 2023
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KANSAS CITY, KS and MIAMI, FL, June 02, 2023 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (NASDAQ: DGLY) (“Digital Ally”) and Clover Leaf Capital Corp. (Nasdaq: CLOE) (“CLOE”), a publicly traded special purpose acquisition company (SPAC), today announced that Kustom Entertainment, Inc. (“Kustom Entertainment”), a wholly-owned subsidiary of Digital Ally focused on live events, concert production and ticketing, and CLOE have entered into a merger agreement. The transaction is expected to provide Kustom Entertainment with the ability to be a stand-alone entity with a focus and mission to own and produce events, festivals, and entertainment alongside its evolving primary and secondary ticketing technologies. Digital Ally will remain an independent public company following the merger.

Key Points: 
  • Kustom Entertainment is comprised of TicketSmarter and Kustom 440, both currently wholly owned subsidiaries.
  • Felipe MacLean, CEO of CLOE, commented: “I am thrilled to announce the business combination of CLOE and Kustom Entertainment.
  • Maxim Group LLC served as sole financial and capital markets advisor to Kustom Entertainment in connection with the merger agreement.
  • Sullivan & Worcester LLP is serving as legal counsel to Kustom Entertainment and Ellenoff Grossman & Schole LLP is serving as legal counsel to CLOE.

DIGITAL ALLY ANNOUNCED SPIN-OFF CREATES KUSTOM ENTERTAINMENT TO JOIN TOGETHER ITS NEW ENTERTAINMENT AND TICKETING BUSINESSES

Retrieved on: 
Thursday, December 15, 2022
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Both TicketSmarter and Kustom 440 will combine their management and focus on concerts, entertainment and garnering additional ticketing partnerships in 2023.

Key Points: 
  • Both TicketSmarter and Kustom 440 will combine their management and focus on concerts, entertainment and garnering additional ticketing partnerships in 2023.
  • Digital Ally and TicketSmarter will use their existing sponsorships and sports property partnerships to develop alternative entertainment options for consumers.
  • “We couldn’t be more excited to integrate Kustom Entertainment and Kustom 440 with a proven company like TicketSmarter to develop, create and execute events,” Digital Ally Inc. CEO Stanton E. Ross said.
  • For more information on Kustom 440, visit www.Kustom440.com and follow @Kustom440 on Facebook , Twitter , Instagram , YouTube , TikTok and LinkedIn .

Digital Ally, Inc. Announces Intention to Separate into Two Focused, Independent Publicly Traded Companies to Unlock Value to Stockholders

Retrieved on: 
Thursday, December 8, 2022
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For the year ending December 31, 2022, these standalone businesses are expected to generate approximately $16-$18 million in annual revenues.

Key Points: 
  • For the year ending December 31, 2022, these standalone businesses are expected to generate approximately $16-$18 million in annual revenues.
  • Green, who will serve as the President effective January 1, 2023, and Chief Executive Officer at the date of the spin-off.
  • The company intends to continue to be listed on the NASDAQ under its current ticker symbol, “DGLY”.
  • Digital Ally continues to add organizations that demonstrate the common traits of positive earnings, growth potential, innovation and organizational synergies.

Kustom Announces New Chief Operating Officer, Strengthens Operating Model to Support Future Growth

Retrieved on: 
Monday, September 19, 2022
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LONGWOOD, Fla., Sept. 19, 2022 /PRNewswire/ -- Today, Kustom the largest privately-owned, full-service restoration company in North America, announces the appointment of Kevin Sheppard as Chief Operating Officer. As the new strategic leader of people and processes, Kevin will report directly to Chief Executive Officer, Andrew Zavodney and be responsible for deepening the institutional mindset that is already engrained in the culture at Kustom by virtue of a customer and employee-centric operating model. 

Key Points: 
  • LONGWOOD, Fla., Sept. 19, 2022 /PRNewswire/ -- Today, Kustom the largest privately-owned, full-service restoration company in North America, announces the appointment of Kevin Sheppard as Chief Operating Officer.
  • Before joining Kustom, Kevin spent the entirety of his professional career in the environmental services space.
  • I'm eager to see what we can accomplish together as the remainder of this year unfolds," states Andrew Zavodney, CEO at Kustom.
  • "To say I'm bullish and enthusiastic about the future of Kustom and what this team can accomplish would be an understatement."

Generational Equity Advises Five Star Restoration & Construction in Its Sale to Kustom US

Retrieved on: 
Thursday, January 13, 2022
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Generational Equity , a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Five Star Restoration & Construction, Inc. (Five Star) to Kustom US, Inc. (Kustom).

Key Points: 
  • Generational Equity , a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Five Star Restoration & Construction, Inc. (Five Star) to Kustom US, Inc. (Kustom).
  • Five Star brought a tremendous and infectious energy to every conversation leading up to this decision, states Andrew Zavodney, CEO of Kustom .
  • Five Star deserves to go to the next level, says Brenda Gallion, owner of Five Star.
  • Generational Equity , Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors , Generational Consulting Group , and DealForce are part of the Generational Group , which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.

Kustom US, Inc Further Expands in the Northwest Region by Acquiring Pasco, WA Based Zion Restoration.

Retrieved on: 
Wednesday, July 1, 2020
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For two generations, Zion has provided the Tri-Cities and surrounding area with the highest quality fire & water restoration services.

Key Points: 
  • For two generations, Zion has provided the Tri-Cities and surrounding area with the highest quality fire & water restoration services.
  • As a division of Kustom, Zion combines the benefits and quality service developed by these local relationships with the size, reach, and expertise of a national enterprise.
  • "Adding Zion to our Northwest Region only stands to better serve our clients across the board" says Andrew Zavodney, CEO of Kustom.
  • Zion Carpet and Restoration, A Division of Kustom ( www.callzion.com ) will continue on under and as a part of the Kustom portfolio.

Kustom US Partners With CAT 5 Restoration

Retrieved on: 
Wednesday, October 3, 2018
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ORLANDO, Fla., Oct. 3, 2018 /PRNewswire/ -- Kustom US ("Kustom"), one of the leading property restoration and recovery firms in North America, has partnered with CAT 5 Restoration ("CAT 5"), a Chicago based, privately owned and operated, full-service disaster response and restoration company.

Key Points: 
  • ORLANDO, Fla., Oct. 3, 2018 /PRNewswire/ -- Kustom US ("Kustom"), one of the leading property restoration and recovery firms in North America, has partnered with CAT 5 Restoration ("CAT 5"), a Chicago based, privately owned and operated, full-service disaster response and restoration company.
  • The partnership of Kustom and CAT 5 is a part of the firm's strategic long-term expansion plan in helping accelerate growth nationwide.
  • Founded in 1968 by Andrew Zavodney, Kustom US ("Kustom") ( www.kustom.us ) is a nationally acclaimed and industry-leading property restoration firm that provides unparalleled services to local, regional, and national clients.
  • CAT 5 Restoration ("CAT 5"), a Chicago-based, privately-owned & operated disaster recovery firm servicing 6 states.

Kustom US Expands Southeast Portfolio By Acquiring Jacksonville, FL Based Property Restoration Company, American Coastal Builders

Retrieved on: 
Monday, July 16, 2018
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ORLANDO, FL, July 16, 2018 /PRNewswire/ -- Kustom US ("Kustom"), one of the leading property restoration companies in North America, is pleased to announce it has acquired American Coastal Builders ("American Coastal"), a Jacksonville-based, turn-key contracting and restoration services contractor with more than 32 years of experience.

Key Points: 
  • ORLANDO, FL, July 16, 2018 /PRNewswire/ -- Kustom US ("Kustom"), one of the leading property restoration companies in North America, is pleased to announce it has acquired American Coastal Builders ("American Coastal"), a Jacksonville-based, turn-key contracting and restoration services contractor with more than 32 years of experience.
  • American Coastal specializes in 24-Hour emergency restoration of water, fire and mold damage and uses the newest technology to restore properties to pre-loss conditions.
  • The company's extensive knowledge and unparalelled customer service is what makes American Coastal a valuable partner in joining the Kustom family.
  • "Partnering with Kustom US allows us to better serve our growing client base with support from a nationally-acclaimed property restoration firm.