Data Communications Management Corp at Investor Day Transcript

Dec 01, 2021 / 08:00PM GMT
Richard Clarence Kellam - DATA Communications Management Corp. - President, CEO & Director

All right. So welcome. Welcome, everybody that is here at our new offices here at 60 Adelaide Street East, a warm welcome. And a warm welcome to everybody that's attending virtually. I think we've got 74 confirmed virtually. I don't know how many are on the line right now, but welcome to all those participating virtually.

Hey, just a little story about this office just to -- so that our shareholders can understand how we think at DCM. We actually consolidated 2 offices into 1. We had an office out in Etobicoke that came with the acquisition of Perennial. And we've got an office which is our downtown commercial office to really service our [FI] clients. So we took the opportunity to consolidate 2 offices into 1 and introduce a hybrid work model, and that will save us $800,000 a year in rent. And not only that, the office you're in today -- I'm sorry. The folks that are virtual can't see it. This is a sublease from a cannabis company that was looking to significantly reduce SG&A., so everything you see

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