Brian Balbirnie: Yes, look I think that there’s going to be some transaction costs related to the business, we’re going to add on two months of revenue here in Q4, right? We’re going to see that revenue fall nicely, it is going to absolutely help. I think where you’re going to see the biggest benefit, meaning let me restate that. I think you’re going to see an additional EBITDA power as a result of the transaction given two of the three months in this quarter, you’re going to see the full power of that coming in Q1. So I think it’s fair to say that it’s almost immediately accretive. But you’re going to see the full benefits to it in Q1.
Mike Grondahl: Sure, any one-time costs to call out in September December quarters?
Brian Balbirnie: Tim, there was a small amount wasn’t there?
Tim Pitoniak: There were yes, in total was about 90,000 year-date 77 for the quarter.
Mike Grondahl: I could barely hear .
Tim Pitoniak: On $77,000 for the quarter and then 90 year-to-date.
Mike Grondahl: Got it, yes, that’s pretty small. Well, anything else, I should be bugging me about on the acquisition? You mentioned sort of new products or anything on the new product front or synergies to call out on the cost side?
Tim Pitoniak: Yes, I mean as we talked about a little bit here in the prepared remarks, right. There’s going to be the obvious things that there are some back office systems of duplication, there’s facilities, insurances, but we’ve got a very clear area that we’re going to be able to have immediate cost savings there as the teams go through the integration here beginning tomorrow. That’s the first part. Right. The second part is there’s going to be distribution opportunities for us to increase the gross margin levels on distribution. We’re going to see that benefiting us coming into Q1 of next year, here very quickly. I think most important for us is we want to settle in, integrate well, love the customers, and do our best there first, to keep these folks coming back to us and sticking and loving the combined brands.
I think conversely, the other part of the question, Mike is that, as you know, we’ve talked about this to everybody, publicly, it has been an initiative for us to buy and or build complementary PR IR communication products. We did it last year with our newsroom product. We’ve looked at media database analytics and the like from an M&A standpoint. When we looked at Newswire, we felt like they had the beginnings of these additional products that we needed to built into our ecosystem. Obviously, the great benefit is the volume of PR that they do in the news distribution world that they’ve got a couple that with us gives us significant amount of strength in the market, to take these other products that they’ve got the Media Advantage plan, the Media database and analytics, and bring it to our Issuer Direct and ACCESSWIRE customers, which we’ve never been able to do before.
And so I think from a product perspective, that’s going to be significant. I think there’ll be other smaller benefits, the reverse way, meaning we may have some webcasting products and other event products, that could be very, very interesting to the majority of the private customers that use wire services. So I think it’s important. We’re building a really interesting story telling ecosystem. And today, as most folks know, we’re down the hall to C suite, right? We’re talking to the CXO, the CFO, the EO. And those are the decision makers. This opportunity in combination is what we’re really excited about is it takes us down the hall even further. And that’s where the real value is to unlock additional opportunities to increase revenue per customer to get into the marketing and comm parts of the business and really brings the life with a map and immediate advantage plan has to offer those folks.
And that’s where we’re going to spend a good amount of our time next year.