BILD

BuildDirect Appoints Eyal Ofir to its Audit Committee

Retrieved on: 
Tuesday, February 7, 2023
BILD, Audit committee, BuildDirect

VANCOUVER, BC, Feb. 6, 2023 /PRNewswire/ - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, announced today that the Company has appointed Eyal Ofir to its Audit Committee.

Key Points: 
  • VANCOUVER, BC, Feb. 6, 2023 /PRNewswire/ - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, announced today that the Company has appointed Eyal Ofir to its Audit Committee.
  • With over 20 years of investment banking and capital markets experience, Eyal Ofir is currently a Director of BuildDirect, having been appointed in April 2022.
  • The Company also announced today that Natalie Ku is resigning as the Chief Operations Officer of the Company effective February 3, 2023, and Julie Todaro is stepping down from her role as Director of the Company effective immediately.
  • "We are pleased to announce the appointment of Eyal Ofir to our Audit Committee," said Shawn Wilson, CEO of BuildDirect.

BuildDirect Signs US$350,000 Contract with North American Real Estate Company

Retrieved on: 
Thursday, February 2, 2023
BILD, Growth, Customer, Project, SPC, Customs House (Bangkok), BuildDirect

VANCOUVER, BC, Feb. 2, 2023 /PRNewswire/ - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, is pleased to announce that the Company has signed an approximately US$350,000 contract (the "Contract") with a North American real estate investment company (the "Customer") in connection with a multi-family real estate project in Arizona, United States, that is currently in development (the "Project").

Key Points: 
  • VANCOUVER, BC, Feb. 2, 2023 /PRNewswire/ - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, is pleased to announce that the Company has signed an approximately US$350,000 contract (the "Contract") with a North American real estate investment company (the "Customer") in connection with a multi-family real estate project in Arizona, United States, that is currently in development (the "Project").
  • According to the terms of the Contract, BuildDirect will provide the Customer with two types of SPC flooring materials for approximately 180,000 square feet of the Project.
  • "This Contract highlights our capability to sign large orders with real estate investment firms," said Shawn Wilson, CEO of BuildDirect.
  • "We aim to continue supplying quality flooring materials to other B2B customers in completing various construction projects across North America.

BuildDirect Subsidiary Signs US$106,000 Contract with U.S. Construction and Renovation Company

Retrieved on: 
Tuesday, January 31, 2023
Customer, BILD, BuildDirect, Interior design

The Customer focuses on delivering interior construction and renovation services for various types of businesses.

Key Points: 
  • The Customer focuses on delivering interior construction and renovation services for various types of businesses.
  • According to the terms of the Contract, FloorSource will provide luxury vinyl flooring materials to the Customer as part of a three-phase project of which FloorSource has completed the first phase.
  • "We are delighted to announce a new contract with a U.S. construction and renovation company," said Shawn Wilson, CEO of BuildDirect.
  • We look forward to completing the remaining two phases of this Contract."

BuildDirect Enters Marketing Partnership with Wedgewood's Maverick Design

Retrieved on: 
Thursday, January 26, 2023
BILD, Marketing, Collection, Partnership, BuildDirect, Wedgwood, Maverick, Interior design

VANCOUVER, BC, Jan. 26, 2023 /PRNewswire/ - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, is pleased to announce that the Company has entered into a partnership with Maverick Design ("Maverick"), the award-winning interior design studio at Wedgewood Homes , a division of Wedgewood LLC ("Wedgewood") to launch a white-label marketing program for a collection of quality Maverick-branded engineered wood floors - The Maverick Design Wood Flooring Collection (the "Collection").

Key Points: 
  • VANCOUVER, BC, Jan. 26, 2023 /PRNewswire/ - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, is pleased to announce that the Company has entered into a partnership with Maverick Design ("Maverick"), the award-winning interior design studio at Wedgewood Homes , a division of Wedgewood LLC ("Wedgewood") to launch a white-label marketing program for a collection of quality Maverick-branded engineered wood floors - The Maverick Design Wood Flooring Collection (the "Collection").
  • Maverick Design specializes in the renovation, revitalization, and reimagination of homes and commercial projects across the United States.
  • Under the partnership, BuildDirect will merchandise the Collection on its e-commerce platform to support Maverick's brand, product awareness and sales.
  • "We are delighted to partner with Maverick, a well-recognized creative and interior design studio," said Shawn Wilson, CEO of BuildDirect.

BuildDirect Subsidiary Announces Integration of RFMS Enterprise Resource Planning Software

Retrieved on: 
Tuesday, January 24, 2023
Enterprise resource planning, BILD, BuildDirect, Growth, ERP, RFMS, Warehouse, Superb

VANCOUVER, BC, Jan. 24, 2023 /PRNewswire/ - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, is pleased to announce that the Company's wholly-owned U.S. subsidiary, Superb Flooring Covering, LLC ("Superb"), has integrated the RFMS Inc.'s Enterprise Resource Planning (ERP) software.

Key Points: 
  • VANCOUVER, BC, Jan. 24, 2023 /PRNewswire/ - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, is pleased to announce that the Company's wholly-owned U.S. subsidiary, Superb Flooring Covering, LLC ("Superb"), has integrated the RFMS Inc.'s Enterprise Resource Planning (ERP) software.
  • In addition, the implementation enables an efficient workflow structure, which could allow Superb to grow with streamlined personnel support and associated costs.
  • "In order to continue to improve the efficiency of Superb's operations, we decided to adopt the ERP software from RFMS to manage Superb's internal systems," said Shawn Wilson, CEO of BuildDirect.
  • "As we continue to scale our operations, we intend to continue strengthening our technology infrastructure to maximize our overall productivity and drive continued growth."

Building industry and rental housing providers call for increased focus on purpose-built rentals

Retrieved on: 
Thursday, February 9, 2023
Policy, Strathcona County, Economics, Housing, City, Tax, Interview, Federation, Government, BILD, PBR, Construction, Greater Toronto Area, Human, Ageing, GTA, Property management, Renting, Lease

BILD and FRPO are urging all levels of government to implement policies to stimulate the development of purpose-built rental (PBR) housing to meet rapidly growing demand.

Key Points: 
  • BILD and FRPO are urging all levels of government to implement policies to stimulate the development of purpose-built rental (PBR) housing to meet rapidly growing demand.
  • “Purpose-built rentals represent a vital segment of the GTA and Ontario’s housing stock.
  • The region’s stock of purpose-built rental housing is aging and new supply is coming to market at much lower levels than other forms of housing.
  • “In order to tackle our housing crisis, we need to build much more purpose-built rental housing, faster,” said Tony Irwin, President & CEO of FRPO.

GTA new home sales dipped in 2022 as interest rates, monetary policy affected prospective buyers

Retrieved on: 
Tuesday, January 24, 2023
Altus Group, Research, Federation, Construction, Greater Toronto Area, GTA, BILD, Human, Real estate

Overall in 2022, there were 25,400 new homes sold in the GTA, according to Altus Group*, BILD’s official source for new home market intelligence.

Key Points: 
  • Overall in 2022, there were 25,400 new homes sold in the GTA, according to Altus Group*, BILD’s official source for new home market intelligence.
  • Single-family homes, including detached, linked, and semi-detached houses and townhouses (excluding stacked townhouses), accounted for 4,483 new home sales in 2022.
  • With 398 condominium apartment sales, it was also the second lowest level of condominium apartment sales for December after December 2008.
  • “The hesitation new home buyers showed in the latter half of 2022 was no doubt largely the result of continued high interest rates and tightening monetary policy,” said Dave Wilkes, BILD President & CEO.

BuildDirect Subsidiary Signs US $140,000 Contract with U.S. Construction Services Firm

Retrieved on: 
Wednesday, January 18, 2023
BILD, BuildDirect, Customer, Superb, Interior design

According to the terms of the Contract, Superb will assist the Customer in furnishing and installing all flooring - approximately 10,000 sq.

Key Points: 
  • According to the terms of the Contract, Superb will assist the Customer in furnishing and installing all flooring - approximately 10,000 sq.
  • Superb will commence its services pursuant to the Contract in January 2023 and is expected to complete the Contract in March 2023.
  • "We are pleased to have signed a new contract with a U.S. construction services firm," said Shawn Wilson, CEO of BuildDirect.
  • "This Contract highlights our strategy to grow our client pipeline in North America and secure more customers from the 'Pro' category.

BuildDirect Announces Investor Webinar and Provides Corporate Update

Retrieved on: 
Tuesday, January 17, 2023
BILD, News, EBITDA, EST, BuildDirect, Growth, Interim, Acquisition, Chamberlain, PRO, 18 Wheeler: American Pro Trucker, Management, Renewable energy, Sales

VANCOUVER, BC, Jan. 17, 2023 /PRNewswire/ - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, is pleased to provide the following corporate update.

Key Points: 
  • VANCOUVER, BC, Jan. 17, 2023 /PRNewswire/ - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, is pleased to provide the following corporate update.
  • The Company will be hosting an investor webinar on Wednesday, January 18, 2023, at 1:00 PM (EST) to discuss BuildDirect's key business highlights and growth outlook for 2023.
  • Speakers: Shawn Wilson, CEO of BuildDirect and Matthew Alexander, Interim CFO of BuildDirect
    Click the link below to register for the webinar.
  • Under the new leadership, BuildDirect aims to advance business verticals with the goal of streamlining its operations, driving organic revenue growth, and improving the Company's overall profitability.

BuildDirect.com Technologies Inc. Announces Change of Auditor

Retrieved on: 
Monday, January 9, 2023
SEDAR, KPMG, National instrument, Notice, BILD, Auditor, KPMG LLP, Audit

(TSXV: BILD) (the "Company") today announced that the Company has changed its auditor from KPMG LLP (the "Former Auditor") to Grant Thornton LLP (the "Successor Auditor").

Key Points: 
  • (TSXV: BILD) (the "Company") today announced that the Company has changed its auditor from KPMG LLP (the "Former Auditor") to Grant Thornton LLP (the "Successor Auditor").
  • At the request of the Company, the Former Auditor resigned as the auditor of the Company effective January 9, 2023 and the Company appointed the Successor Auditor as the Company's auditor effective January 9, 2023 , until the next Annual General Meeting of the Company.
  • The resignation of the Former Auditor has been considered and accepted, and the appointment of the Successor Auditor has been considered and approved by the Board of the Directors of the Company.
  • In accordance with National Instrument 51-102 – Continuous Disclosures, the Company has delivered a copy of a change of auditor notice (the "Notice") to the Former Auditor and to the Successor Auditor.