FARMINGDALE, N.Y., June 24, 2015 /PRNewswire/ -- Cemtrex Inc. (OTC: CTEI), a diversified industrial and manufacturing technology company, announced today that its common shares will commence trading on the NASDAQ Capital Markets. The company's common stock will begin trading under a new symbol "CETX" on Thursday, June 25th, 2015.
Cemtrex has demonstrated tremendous growth in recent years reaching over $47 million in revenue and $.39 earnings per share up from approximately $13 million in revenue and $.04 earnings per share in its fiscal 2014 and 2013 respectively. The company has managed to thrive in these uncertain times by focusing on growth markets like emerging economies in Asia, broadening its product portfolio, and honing in on innovative industries like medical devices and wearables. In fiscal 2015, the company has seen sustained growth topping previous year sales for the last two quarters. With strong end market demand, environmental regulations increasing, and the company's commitment to remaining competitive, Cemtrex is aiming for continued compelling growth.
"This is a historic day for our company as we reach this important milestone. Cemtrex has had a long journey to get to this point and it is only a result of the hard work and dedication of our employees that we have come this far. Uplisting to Nasdaq allows us to attract a broader investor base which will be essential in enhancing the value of the company moving ahead. I am extremely proud of our team today and am looking forward to leading Cemtrex to greater heights," said Saagar Govil, Chairman and Chief Executive Officer of Cemtrex.
In honor of the company's achievement, the company's management will also be ringing the NASDAQ Stock Market Closing Bell, which can be viewed live on Thursday June 25th at 3:30pm: https://new.livestream.com/nasdaq/live
About Cemtrex, Inc.
Cemtrex, Inc. (NASDAQ: CETX) is a diversified industrial and manufacturing company that provides a wide array of solutions to meet today's technology challenges. Cemtrex provides electronic manufacturing services of custom engineered printed circuit board assemblies, emission monitors & instruments for industrial processes, and environmental control & air filtration systems for industries & utilities.
Safe Harbor Statement
This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date.
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SOURCE Cemtrex, Inc.