TAMPA, FL--(Marketwired - Aug 19, 2016) - Umbra Applied Technologies Group, Inc. (
After observing decreased market share in Q4 2015, UATG's Chairman Alex Umbra revealed that, "In January, due to a highly volatile geopolitical climate and vicissitudinous market dynamics, we began to actively pursue areas of improvement and restructuring." When questioned about inefficiencies within the UATG organization Mr. Umbra replied, "A team is only as strong as its weakest members and I realized in December of 2014 that UATG needed a less encumbered chain of command that could focus on a more efficient business execution with an emphasis on identifying areas of improvement and cataloging transactional corporate operations. As a result, I had to make some tough choices but choices that ultimately proved to be, at least partially, in the best long term interest of the company. Of course it wasn't long before I realized that more needed to be done and ultimately, by March of this year, things came full circle and we were mostly back on track."
The released Chairmans letter referenced critical choices that have positioned UATG for sustainable growth, ameliorated market metrics and improved product market share; delivering notable advances in technology and brand identity. Mr. Umbra stated in his semi-annual letter, "Our performance and market position have yielded, to date, impressive improvements over key fundamentals and metrics delivering a path to strong returns for our shareholders. Through increased and progressive marketing strategies we have seen interest in the company more than double. Market liquidity has increased many multiples as evident in the more than 56,000% increase in trading volume since December of 2015 with an average daily volume increase of 21,000% in the same time period. While average share price has dropped since last year we have seen a more than 50% reduction in daily price slip and a 231% increase in daily dollar volume. Monthly trades executed on UATG have increased 655% with total dollars traded monthly between December 2015 and July 2016 increasing 314%."
The efforts and commitment of UATG's leadership is evident in the company's market improvements and with the announcement of its subsidiary UAT delivering the very much anticipated ClearView™ G2 in the coming months.
The full Semi-Annual Performance Letter can be viewed here: http://uatgroup.com/wp-content/uploads/2014/0...r-2016.pdf
For more information visit www.uatgroup.com or www.umbraappliedtechnologies.com
Forward-Looking and Cautionary Statements: This press release contains "forward-looking" statements that are based on present circumstances and on Umbra Applied Technologies Group predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements, including any statements regarding the plans and objectives of management for future operations or products, the market acceptance or future success of our products, and our future financial performance, are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements. Forward-looking statements are made only as of the date of this release and Umbra Applied Technologies does not undertake and specifically declines any obligation to update any forward-looking statements. Readers should not place undue reliance on these forward-looking statements.
Jack Thompson (702) 902-2361
