Global Earth Energy, Inc.'s (GLER) Partner Hawk Ma
Post# of 89390
Posted On: 12/05/2013 12:40:22 PM
Global Earth Energy, Inc.'s (GLER) Partner Hawk Manufacturing Announces Annual Sales Growth of 21%
9:29a ET December 3, 2013 (GlobeNewswire)
Global Earth Energy, Inc.'s (OTCQB:GLER) partner Hawk Manufacturing (HAWK) based in Charleston, SC, announces annual 21% growth. Benefiting from the explosive growth of the oil and gas industry in multiple areas of the country, including Texas, the Bakkens and shale ranges in Ohio, Pennsylvania and New York, HAWK remains on track for this 21% sales increase.
GLER report that HAWK expects to see significant growth in revenues and earnings in 2014. In the first quarter of 2014, HAWK expects to add 3-4 new acquisitions to its company, increasing additional resources and services. These acquisitions will bring in approximately $47 million in new revenues (2013) and approximately $14.5 million additional cash flow. HAWK believes 62% of the current and expected revenues are long-term contract guarantees through 2017. With a number of Tier 1 and Tier 2 supplier designations from major Fortune 500 companies, Hawk is well positioned for growth.
GLER further reports HAWK intends to use existing credit facilities for more than $25 million to complete transactions and intends to work with various states and local governments and finance authorities on tax incentives where direct benefits could top more than $40 million over the life of the company. HAWK intends to keep all manufacturing US-based and to expand US employment.
For more information about Global Earth Energy please contact Rich Kaiser, YES INTERNATIONAL, Business Consultant, 757-306-6090 and/or John M. Ragsdale, CEO, Hawk Manufacturing at 843-817-6106.
CONTACT: Rich Kaiser
YES INTERNATIONAL
757-306-6090
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