PM&E, Inc. (OTC Pink: PMEA)
Market Cap: $8,695,500
Outstanding Shares: 5,115,000,000
Analysis: PM&E Inc announced today that they secured funding in the amount of $10 million. The company reported a little over $200,000 in revenue for quarter ending Sep 30, 2016, and if their new funding successfully takes place, the company will use allocate that to manufacture more airplanes and bring in more revenue.
Aircraft manufacturer PM&E, Inc. (OTC PINK: PMEA) announced today that the company has secured a 10 million dollar funding package to support the company’s aggressive growth and expansion plans.
CEO Joseph Bourne stated, “All of the pieces are falling into place for a very profitable 2017. We have secured a 10 million dollar funding package for growth and expansion through GPL Ventures, LLC. With this new funding we will be able to complete the semi-automated manufacturing plant which will allow us to expand our work force, complete up to 15 aircraft per month and reach our forecast of 100 aircraft completed in 2017.” Continue Reading
UPTICK Newswire LLC is not an investment advisor. Investors are strongly encouraged to do their own due diligence and review all company documents and press releases to ensure the company noted above fits their own investment qualifications.
Source: Uptick Newswire