How PMEA Achieves 25 Million In Revenue and 7 Million In EBITDA In 2017.
December 29 2016 - 8:58AM
InvestorsHub NewsWire
How PMEA Achieves 25 Million In Revenue and 7
Million In EBITDA In 2017
Sousse, WY -- December 29, 2016
–
InvestorsHub NewsWire -- Aircraft manufacturer PM&E, Inc. (OTC: PMEA) announced
today that their previously announced revenue and EBITDA targets
are not only achievable for 2017, but the company could surpass
those numbers by year end.
CEO Joseph Bourne stated, "2017 will prove to be
a banner year for our company. As of today, we now have 35
full time employees working diligently to ensure we meet or surpass
our stated revenue and EBITDA projections for full year 2017.
We are on target with prototype development and approval and to
date we have pre-sold 33 EVADA Aircraft through exclusive and
non-exclusive agency agreements i.e. Balkan Region: 5, Turkey: 5,
Algeria: 2, Saudi Arabia: 1, Senegal: 5, Nigeria: 5, Congo:
10.”
PM&E, Inc. is an aircraft
company with a contracted manufacturing facility located in Sousse,
Tunisia. The company is in the process of implementing a
modern manufacturing plant in Tunisia and securing a facility for
aircraft assembly in Wyoming. Through a pending arrangement
with DiNelly EXOGYRO, this company will manufacture their
commercial ultra-light gyrocopters at the same facility in Tunisia
creating synergies and cost savings for both
companies.
Mr. Bourne went on to say, “The pending
agreement with DiNelly EXOGYRO is a game changer
for both their company and ours. The eXoGyro ultra-light
units are approved and available for purchase all over the world as
of January 1, 2017. In addition to revenue achieved through
the sale of EVADA Aircraft, through this partnership PM&E, Inc.
will record and capture 30% of all sales of the eXoGyro units as
well.”
Mr. Bourne also stated, “We are currently in
discussions with several companies and institutional investors that
have expressed an interest in investing in or helping to finance
our long term operations. Announcements are pending.
Unaudited financials are being put together currently and we plan
to have those released by the end of January. Fully audited
financials are also in the works and we will publish those as soon
as they are available.”
Mr. Bourne finished up with, “Many have asked
why a company of our size is trading at this level. Here is
my response. As we achieve or exceed our projected financial
targets over the short, intermediate and long term, it will be
important to build trust and credibility with shareholders.
It is our opinion that long-term investors are pivotal to our long
term success. As we grow over time and as we build that
integrity and trust, we would hope that many of the same people who
believed in us from day one will stay with us for the long
term. At some point we will discuss the possibility of
trading on the big boards, but in the meantime it provides many who
want to join us on this journey the opportunity to do so at a very
favourable price point. We want to thank our existing
shareholders for your support to date and we have much to share
with you through a series of upcoming press
releases.”
Website of
PM&E Inc.: www.pme-holding.com
DiNelly
EXOGYRO: http://www.dinelly-exogyro.com/
Social Networks of PM&E Inc.: PM&E
Inc.
Facebook : https://www.facebook.com/PME-Inc-432293210274534/
Google + : https://plus.google.com/u/0/110058910223174354829?hl=fr
Twiiter : https://twitter.com/PMEA_Inc
Youtube : https://www.youtube.com/channel/UCUUREk7BtuTwfWVQEgBDqnA
Linkedin : https://www.linkedin.com/company/10877337
Safe
Harbor
Except for the historical information contained
herein, this press release contains forward-looking statements that
involve risks and uncertainties. Actual results may differ
materially from the results predicted and reported results should
not be considered an indication of future performance. In addition
to the factors discussed in the filings with the Securities and
Exchange Commission, among the other factors that could cause
actual results to differ materially are the following: adverse
changes in the business conditions and the general economy;
competitive factors, such as rival companies' pricing and marketing
efforts; availability of third-party material products at
reasonable prices; the financial condition of the customer; risks
of obsolescence due to shifts in market demand; and litigation
involving product liabilities and consumer issues. PM&E Inc.
cautions readers not to place undue reliance upon any such forward
looking statements, which speak only as of the date made. PM&E
Inc. expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any such statements to reflect
any change in the company's expectations or any change in events,
conditions or circumstances on which any such statement is
based.
Contact:
Mr.
Joseph Bourne
Title: President &
CEO
Phone: 001 (307)
392-4771
E-mail : contact@pme-holding.com
Web: http://www.pme-holding.com
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