"When we started this company four years ago we told everyone that we would not be cash flow positive nor would we launch our first product until 2017. Six months ago we realized that we were ahead of schedule by almost 6 months and decided to utilize the time surplus to become more efficient ensuring a more solvent company before we launched our first product. We have and continue to become more efficient and with the launch of the UBR-16 we expect revenue to increase many times over by year end.”
With the announcement of future products on the horizon, the hiring of a new financial officer, the company hiring more employees, the release of the much anticipated UBR-16 around the corner and the buildout of a new secured UAT ARMS office to be fully operational by the end of this month, it would appear that UATG is gaining momentum and building real value. This exciting new company would seem to be in the early stages of burgeoning growth with a lot of potential for long term performance. http://www.marketwired.com/press-release/umbra-applied-technologies-group-restructures-subsidiaries-pinksheets-uatg-2110219.htm
Umbra Applied Technologies Group Reveals First Look at New Sniper Rifle
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