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Pason Systems Inc. (PSYTF) CEO Marcel Kessler Q1 2020 Results - Earnings Call Transcript

May 01, 2020 5:23 PM ETPason Systems Inc. (PSYTF), PSI:CA
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Pason Systems Inc. (OTCPK:PSYTF) Q1 2020 Earnings Conference Call May 1, 2020 11:00 AM ET

Company Participants

Marcel Kessler - President & Chief Executive Officer

Jon Faber - Chief Financial Officer

Conference Call Participants

Greg Colman - National Bank Financial

Daine Biluk - CIBC Capital Markets

Matthew Weekes - Industrial Alliance Securities

Ian Gillies - Stifel


Ladies and gentlemen, thank you for standing by, and welcome to the Pason Systems Inc. First Quarter 2020 Earnings Call. At this time, all participants are in a listen-only mode. After the speaker’s presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions] The contents of today's call are protected by copyright and may not be reproduced without the prior written consent of Pason Systems Inc.

Please note that the advisory is located at the end of the press release issued by Pason Systems yesterday, which describe forward-looking information. Certain information about the company that is discussed on today's call may constitute forward-looking information. Additional information about Pason Systems including the risk factors relevant to the company can be found in its annual information form.

I would now like to hand the conference over to your speaker today, Marcel Kessler, President and CEO. Thank you. Please go ahead, Sir.

Marcel Kessler

Good morning and welcome to Pason's first quarter 2020 conference call. With me here in Calgary today is Jon Faber, our Chief Financial Officer. I will start with the highlights of the first quarter. Jon will dive into the details of our financial performance. I will close with a brief perspective on the outlook for the industry and for Pason and we will then take any questions.

The first quarter of 2020 started relatively strong when the unprecedented impact of COVID-19 on

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