SOURCE: Perla Group International

December 02, 2010 09:01 ET

Perla Group International and Elm Technologies Complete Reverse Merger

Combined Companies Will Allow for Greater Access to Capital Markets and Accelerated Growth in the Burgeoning Military, Police and Security Sectors

FT. LAUDERDALE, FL--(Marketwire - December 2, 2010) -  Perla Group International Ltd, an emerging leader in the international military, police and security solutions sectors, and Elm Technologies Inc. (PINKSHEETS: ETGS), a publicly listed developmental stage company, today announced the closing of a reverse merger of the two companies. Elm Technologies will change its name to Perla Group International, and it will be the surviving entity with Perla Group International Ltd as a wholly owned subsidiary. The company will continue to trade under the stock symbol (PINKSHEETS: ETGS), but has applied for a name change. Perla International Group will be headquartered in Ft. Lauderdale, Florida with regional offices in Dubai, UAE, and Kabul, Afghanistan. The Company plans to be established offices in Melbourne, Australia, and Lagos, Nigeria early in 2011.

Perla Group International was founded in 2007 by entrepreneur, Charles D'Alberto, after having established himself in the market with a reputation of being first to market with innovative, "best of breed" products and services.

"Ours is a true story of a company founded in the Middle East that is on track for globalization," said D'Alberto, CEO and founder of Perla Group International. "We were able to capitalize and secure lucrative projects in only the first few months of operation. This led to an immediate recognition of the Perla Group brand and led to the rapid growth and development of our various operating companies. Through its four wholly owned subsidiaries, Perla Group International offers leading edge products and services in aviation, telecom, armored vehicles and K-9 services in the burgeoning military, police and security sectors.

Perla Telecoms Group has positioned itself as a total 'turnkey' solutions developer and provider. It will remain independent as to have the ability to work with the many leading services providers in the industry. From large Telcos to small SMEs, network integrators, military customers, and any company wanting a specialist solution or product.

Perla Aviation -- primarily in the Middle East, the division provides a host of aviation services include charters, sales and leasing of aircraft; aircraft repair and maintenance. Perla Aviation is the exclusive distributor for the AK1-3 helicopter known industry wide as the finest two seat helicopter available.

Perla Armored Cars -- This entity specializes in armored VIP Mercedes Benz, as well as 4 x 4's, APCs, Cash in Transit, Buses and ATVs. The division has recently secured direct supply contracts with the US military, and has plans to expand rapidly with a view to investing in manufacturing facilities in both the Middle East and the USA.

Perla K-9 Services -- Through the world renowned Von Forell facilities in Melbourne, Australia Perla offers the finest breed dogs trained under the best in the industry. Perla K-9 services are utilized by law enforcement and as detection dogs. They conduct training seminars as well as tactical, anti-terrorism and security training services.

"We believe this merger establishing Perla Group as a public entity will provide the Company enhanced access to capital markets and create greater value not only for our current shareholders, but those of Elm Technologies," said D'Alberto, "While the scope of our business is worldwide, our growth plans call for aggressive efforts in North America in particular for the industry leading AK1-3 helicopters. Moreover, we will be well positioned to take advantage of the current unprecedented military contracts that are being procured by the US and Middle Eastern countries."

D'Alberto said that although the Company's divisions operate independently they work together quite often and cross pollinate as customers of one division are quick to take advantage of products and services of another.

"We are very excited about the Elm merger with Perla Group International," said Jennifer Martin, a spokesperson for Elm Technologies Group, Inc. "For the past several months, we had been considering several candidates for a reverse merger or acquisition that would benefit from our broad base of shareholders and presence in the US public capital markets. Perla Group's dynamic group of companies will provide a powerful, diversified international base of businesses. We look forward to assisting Mr. D'Alberto, the new CEO, and his team in growing the combined company."

D'Alberto indicated that Langle will remain on the board of directors of the newly merged entity.

About Perla Group International

Perla Group International is an emerging leader in the international military, police and security solutions sectors. It was established with the vision to become the industry's leading turnkey solutions developer and services provider. Perla Group's success is built on a combination of the trust, backing and support of top industry specialists and a talented team's unwavering commitment to service excellence. With its four divisions: Perla Telecoms, Perla Aviation, Perla Armored Cars and Perla K-9 Services, it places Perla Group in a unique position to service many of its existing clients with multiple value added services and thereby attract key new clients.

About Elm Technologies

Elm Technologies, Inc. ("ETGS") was incorporated on May 2007 under the laws of the State of Minnesota. ETGS completed a reverse merger with Ubuynetwork.com, Inc, a Nevada corporation, that was founded in 2000. The Nevada company was the surviving operating company. The Company is a development stage company and has had limited activity, but it has a large shareholder base. The Company's initial activities have been devoted to developing a business plan, structuring and positioning itself to take advantage of available opportunities and raising capital for future operations and administrative functions. The Company is a U.S. public company listed on the Pink OTC Markets (a/k/a OTCMarkets or Pink Sheets) under the trading symbol ETGS.PK. 

"Safe Harbor Statement" under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking statements that involve risks and uncertainties. The statements in the Release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements.

http://www.perlagrp.com/pdf/Perla-Group-Elm-Tech-Merger.pdf

www.perlagrp.com 

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