SOURCE: Premier Products Group

February 10, 2017 14:42 ET

Premier Products Group Continues Debt Reduction and Closes in on Acquisition

SILVER SPRING, MD--(Marketwired - Feb 10, 2017) - Premier Products Group, Inc. (OTC PINK: PMPG) (the "Company" or "Premier") today announced the company has thus far successfully reduced the net corporate debt by more than 26% over the previous 12 months. The initial reductions included over $417,000 in charges, and the Company will continue with further reductions during the current fiscal year. 

The Company has finalized due diligence on our previously announced acquisition of Satic USA and anticipates closing the transaction in the imminent future. Mr. Cliff Pope, interim CEO of Premier Products Group, stated, "I'm very pleased that we are moving towards a closing with Satic, I believe the prospects of the transaction will offer our current and future shareholders an incredible opportunity."

About Premier Products Group Inc.
Premier Products Group Inc. (PMPG) is an early stage product development company.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts, including, without limitation, statements that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development, may be seemed to be forward-looking statements. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. These statements are subject to risks and uncertainties. Forward-looking statements are based on current facts and analysis and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of the release. Except as may be required under applicable law, we assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.

Contact Information

  • Premier Products.
    Clifford Pope
    240.883 2767