TORONTO, Nov. 13, 2012 /PRNewswire/ -- The PM & E Inc Board of Directors had a meeting in order to determine the direction the company should take in 2013, and also in order to set future milestones and goals of production, system development and implementation.
CEO Mr.Jack Merck noted that company has reached the point where licensing and real life production is possible, but since there is outstanding ongoing R&D, the company should focus on bringing the system to its maximum capacity prior to prototype testing and production can follow.
The Company is looking forward to being in production within the next calendar year and corporate projections show the Company being cash flow positive in year one and in a healthy profit position in year two. By year 3 of production, the Company is projecting revenues in excess of $125,000,000 and profit per share north of $0.25 per share.
Forward Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of PM & E Inc, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE PM & E Inc
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