Sunday, February 08, 2015 2:29:40 PM
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10449906
Highlights:
Acquisition #1 Description:
"2013 revenues for the acquisition target were $8.54M"
"PPMT Strategic Group, Inc., the operating subsidiary of the Company, intends to acquire over $100MM of accounting "base" revenue by 12/2018 and to utilize the base revenue acquired to develop a multidisciplinary professional services organization that offers higher margin products & services to the stable client base attributed to accounting companies. In doing so, the Company believes it can increase margins and average revenue per client, and can achieve valuation multiples in the range of management consultancies that trade between 20 and 30 times earnings."
"Management believe that commensurate with a NASDAQ up-listing and upon completion of forecasted results for 12/16, which entail $6.8M net and $19.4M EBITDA, the Company can achieve a valuation on par with industry averages, resulting in a market cap of approximately $115M."
"The company projects sales of $4,000,000 for calendar year 2015"
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