Ann: Acquisition of Rapid E-Suite Thailand Operations, page-9

I read this play a bit differently. Clearly staffing costs must be <$500k pa to generate $0.1M EBITDA from $0.6M revenue, there'd be leases, insurances and services to pay for as well. JCS appears to be going for a strategy where they leverage their existing fixed costs to get synergies with these acquisitions. These are all fairly small acqusitions JCS is making, none have ever been >$1M, but the sum of the value of the parts will most likely be greater than what they were under individual companies.