How $PMEA Achieves 25 Million In Revenue and 7 Million In EBITDA In 2017.
Wyoming/Sousse, December 29th, 2016 – 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.
https://www.facebook.com/PME-Inc-432293210274534/
https://plus.google.com/u/0/110058910223174354829?hl=fr
https://twitter.com/PMEA_Inc
https://www.youtube.com/channel/UCUUREk7BtuTwfWVQEgBDqnA
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/
http://www.otcmarkets.com/stock/PMEA/news/How...76&b=y
Wyoming/Sousse, December 29th, 2016 – 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.
https://www.facebook.com/PME-Inc-432293210274534/
https://plus.google.com/u/0/110058910223174354829?hl=fr
https://twitter.com/PMEA_Inc
https://www.youtube.com/channel/UCUUREk7BtuTwfWVQEgBDqnA
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/
http://www.otcmarkets.com/stock/PMEA/news/How...76&b=y
