ESCONDIDO, Calif., Jan. 23, 2019 /PRNewswire/ -- A subsidiary of Dalrada Financial Corp. (OCTBB: DFCO) has begun shipping and has delivered parts and components. A provider of mechanical parts, Dalrada Precision has begun operations and is actively pursuing new clients. The projection is to reach approximately $2 million in value during 2019.
A supplier of alternative sourcing and supply chain management, Dalrada precision has now demonstrated its ability to satisfy the requirements of delivery of quality components from sources other than China. Currently, the company is in negotiations to be qualified to be a supplier to four other major clients.
David Pickett, Dalrada Precision president, said that the company, "will show revenues in the first quarter of 2019. And if negotiations are successful our revenue projection will be increased for 2019."
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K.
SOURCE Dalrada Financial Corp.