SOURCE: AmpliTech Group, Inc.

AmpliTech Group, Inc.

July 05, 2016 06:38 ET

Record Fiscal Quarter for AmpliTech

Revenues of $500K With Net Profit of 30%

BOHEMIA, NY--(Marketwired - Jul 5, 2016) -  AmpliTech Group, Inc. (OTCQB: AMPG) (the "Company") announced a record fiscal second quarter in terms of revenue and profit. CEO Fawad Maqbool stated, "We are proud to announce that we have begun a new phase of productivity in our new facility. Although we booked large orders in the last quarter of 2015, our productivity suffered in the first quarter of 2016 because of problems associated with moving to our new and improved facility. However, we have now overcome those problems as evidenced by the results of this quarter, and converting those bookings into revenue. With revenues in excess of $500,000 and an estimated net profit of greater than 30% last quarter, we expect to have a good year." The Company stated that although it had a high-revenue quarter, part of the increase was due to delayed shipments from the first quarter. The Company expects to book in excess of $600,000 this month and the backlog continues to rise. Mr. Maqbool added, "We continue to follow our strategy to increase revenues with new product lines and new customers in larger volume and diversified sectors, in addition to our expanded marketing efforts, thus leading to sustained growth and profitability."

About AmpliTech Group, Inc.

AmpliTech Group, Inc. designs, develops, and manufactures custom and standard state-of-the-art RF (Low Noise Amplifiers (LNA) and Power Amplifiers (PA) for the Domestic and International, SATCOM, Space, and Military markets. These designs cover the frequency range from 50 kHz to 40 GHz - eventually, offering designs up to 100 GHz. AmpliTech also provides consulting services to help with any microwave components or systems design problems. Our steady growth over the past 13+ years has come about because we can provide complex, custom solutions for nearly ANY custom requirements that are presented us. In addition, we have the best assemblers, wires, and technicians in the industry and can provide contract assembly of customers' own designs. Click here to view AmpliTech video. Website:

Twitter: @AmpliTechAMPG

Forward-Looking Statements
This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

Contact Information

    Fawad Maqbool
    AmpliTech Group, Inc.
    (631) 521-7831