$AMPG releases some massive news this morning!
Post# of 140
Posted On: 12/19/2013 8:32:37 AM
$AMPG releases some massive news this morning!
AmpliTech On Pace For Record Annual Revenues
The company projects annual revenues to exceed 20% increase over past years.
New York, Dec. 19, 2013 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (OTC QB: AMPG) ("AmpliTech" or the "Company"), a trusted provider of RF/microwave, microelectronic, MMIC, and low noise amplifiers for critical and high-reliability, wireless and commercial applications announced in October that due to a high demand for its custom designed products, booked orders had reached record levels. Based on its progress fulfilling these orders, the Company currently is projecting the annual 2013 revenue to be an approximate increase of 20% from last year. Fawad Maqbool, Amplitech CEO stated, "I am excited to announce to our shareholders we are on pace to exceed any prior year's revenue."
He further stated, "I credit this to the highly successful trade show we attended in June, where we booked over $500k in new purchase orders, including those related to the F-16 fighter and UAV drone programs. We are planning to attend additional trade shows again in 2014 and possibly sponsor the shows as we have done in past years. We also plan to have new products showcased at the upcoming shows as well."
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