Derycz Scientific Announces Corporate Name Change to "Research Solutions"; Ticker Symbol Change to "RSSS"
New name reflects growing focus and penetration of the massive Life Sciences market and other research-intensive industries
LOS ANGELES, March 4, 2013 /PRNewswire/ -- Derycz Scientific, Inc., announced today that it has legally changed its name to Research Solutions, Inc., and also changed its stock ticker symbol to RSSS. The new name reflects the company's focus, investment and penetration into Life Sciences and other research-intensive industries.
"Research Solutions has a unique portfolio of 'must have' research information services and software. Life Sciences companies, for example, rely on on these solutions to develop innovative new healthcare products to diagnosis, treat, and prevent disease, illness, injury, and other impairments," said President and CEO Peter Derycz. "The new Research Solutions name provides a descriptive and easily recognizable name that strengthens our brand identity. It reflects our increasing focus on penetrating research-intensive industries worldwide with solutions that enable on-demand access to copyrighted scientific information, similar to what iTunes has done with music and video for the consumer market."
Research Solutions sits in the middle of the business-to-business (B2B) value chain for published scientific information. Life Science and other research-related companies rely on Research Solutions as a single source supplier of outsourced content services and software to improve processes and spending related to the acquisition of scientific literature. The company also serves as a valued partner for scholarly scientific, technical and medical (STM) publishers, helping publishers' existing customers to maximize their return on paid subscriptions and databases in addition to delivering publishers with new customers and revenue sources. Research Solutions has grown to more than $43 million in annual revenue since its inception in 2006 and recently achieved positive EBITDA, both of which were fueled by continued new customer acquisition, strong customer retention and a recurring revenue model.
For more information, please contact Ian Palmer at +1 (415) 533-8308. Additional information can also be found online at www.deryczscientific.com until the new Research Solutions website is published.
About Research Solutions, Inc.
Research Solutions (formerly Derycz Scientific, Inc.) and its wholly-owned subsidiary Reprints Desk (www.reprintsdesk.com) deliver research information services and software to Life Sciences and other research-intensive industries.
Certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in obtaining new customers; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; the Company's success in integrating acquired entities and assets, and all the risks and related information described from time to time in the Company's filings with the Securities and Exchange Commission ("SEC"), including the financial statements and related information contained in the Company's Annual Report on Form 10-K and interim Quarterly Reports on Form 10-Q. Examples of forward-looking statements in this release include statements related to new products, anticipated revenue and profitability. The Company assumes no obligation to update the cautionary information in this release.
SOURCE Research Solutions, Inc.
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