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RDM Corporation (TSX:RC) Showcased in Video Investment Alert Summary on InvestmentPitch.com

July 21, 2014

Vancouver, BC, July 21, 2014 - RDM Corporation (TSX:RC) is showcased in a video by InvestmentPitch Media. RDM is widely known for providing cheque scanners and payment processing solutions to remotely capture and remit cheques electronically. InvestmentPitch.com has produced a "video news alert" discussing RDM Corporation. If this link is not enabled, please visit www.InvestmentPitch.com and enter "RDM" in the search box. The company processed over $600 billion in payments in 2013 for more than 30,000 end-users, with 4 of the top 10 financial institutions in the United States using the company's payment processing solutions. For over 25 years the company has worked with clients to provide both software and hardware solutions including web-based and mobile remote deposit capture for large corporate clients and small business, transactional data management, and manufactures a wide range of digital imaging scanners. Remote Deposit Capture, the commonly used term for electronically depositing cheques at a remote location instead of carrying paper cheques to a local bank branch, saves time and money by reducing or eliminating trips to the bank as well as deposit preparation time. RDM's remote deposit capture solution is now in its fourth generation and is one of the most advanced solutions available in the industry, currently serving more than 18,000 deposit capture locations and processing over three million items every week, with 32% of  Fortune 100 companies using RDM. Following the release of the 2nd quarter numbers, Randy Fowlie President & CEO stated: "With another quarter of solid growth in our cloud-based Payment Processing offering, we continued to increase margins and adjusted EBITDA (ee- bit-dah) and shift our revenue mix toward subscription-based recurring revenues. We are looking forward to the introduction of the EC900i product line." In January, the company announced a $0.04 annual dividend to be paid quarterly. RDM generates sufficient free cash flow allowing it to issue a dividend while also pursuing new growth opportunities and potential acquisitions. The company has a strong balance sheet with $20.1 million is cash at March 31st with no debt. In April, PI Financial initiated coverage on RDM, with analyst Pardeep Sangha giving the company a speculative buy recommendation and a 12 month target of $4.00, a premium of 42% to the $2.81 price on April 9th, the day the report was issued. Analyst Pardeep Sangha stated: "For the full year 2014 we are forecasting revenue of $24.0 million and adjusted EBITDA of $4.4 million, followed by revenue of $26.2 and adjusted EBITDA of $5.4 million in FY 2015." The shares are trading at $2.54, and with 21.6 million shares outstanding, the company is capitalized at $54.9 million. For more information, please visit the company's website www.rdmcorp.com, or contact Randy Fowlie President & CEO at 519-746-8483 ext 340 or email rfowlie@rdmcorp.com. About InvestmentPitch InvestmentPitch.com, a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals, specializes in producing short three minute videos based on significant news releases, research reports and other market information. Please visit InvestmentPitch.com and browse the extensive library of investment videos. CONTACT: InvestmentPitch.comBarry Morgan, CFO 604-684-5524 bmorgan@investmentpitch.com This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: InvestmentPitch via GlobeNewswire [HUG#1832391]


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