CHEYENNE, WY--(Marketwired - Feb 1, 2017) - Aircraft manufacturer PM&E, Inc. (OTC PINK: PMEA) announced today that their unaudited financials are being released today at OTCMarkets.com.
CEO Joseph Bourne stated, "We want to stay on a strict schedule as it pertains to our plans to up-list later this year. Every step in the process is important. Step one commences today with the release of our unaudited financials. These are for the 12 months ending December 31, 2016. Note that they do not reflect the recent retirement of over 68% of all outstanding shares nor the significant flurry of business activity that has occurred, over the past 60 days specifically. Step two will be to complete our audited financials and as we've discussed, we have expedited the process and will have those prepared as soon as possible. Step three is to trade above a penny for 30 consecutive days, and we feel that the business announcements made to date coupled with some exciting news we can't wait to share with you soon, our price per share will reflect its true value in due time allowing us to meet that third threshold."
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. The company manufactures their signature line of EVADA Aircraft. Through a strategic partnership, DiNelly EXOGYRO also manufactures their commercial ultra-light gyrocopters at the same facility in Tunisia creating synergies and cost savings for both companies through a shared resources and revenues agreement.
Mr. Bourne went on to say, "Some have had questions on the specifications of our product lines, specifically the DiNelly eXoGyro and the EVADA A4. Here is my response. We have put a lot of time and effort into the websites for both companies and all product lines as well. The links to our websites are listed below. We would encourage you to review all pages of each. Investors in our company should know what they are buying and there is a wealth of information on each site for you to review. Also, we make some posts or announcements from time to time on our social media pages, so we would encourage you to join us there as well. For major announcements, we will continue to put those out in press release format and we have several major announcements pending that we feel will bring even more excitement to the investment community. As always, we thank you for your support."
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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.