Tuesday, April 25, 2017 2:07:06 PM
Title of the Press Release: "1PM Industries, Inc. Contracts With Third Major Client For 2017"
"CEO Joseph Wade stated, “Our business is growing at a much faster rate than we originally expected. We are now under contract with a third client in the nutritional supplement industry. This company has tremendous upside and we are excited about their potential for rapid growth. As far as revenue generation is concerned, $400,000 USD is a conservative expectation for each of our accounts, however with this one, it could be much more depending on the on-going requirements and needs of this particular client."
^This means company is generating revenue, potentially might have a positive surprise depending on the clients needs.^
"Mr. Wade went on to say, “We have also made tremendous progress with the convertible debt that we have left on the books. Going forward, we have no reason to add any additional convertible debt as incoming revenue is more than enough to support our ongoing business activities. Convertible debt will become a thing of the past in the near future."
^This means company is going to making more than enough to get rid of convertible debt; and continue expanding this year.^
"Mr. Wade finished up with, “We have had questions recently about our clients and why we do not provide the names of the companies or their ticker symbols in our press releases. We hope that this is obvious to most, but let’s address that question head on. The process of going public involves some very sensitive steps, some very detailed filings and it’s never a sure thing or guarantee that a company will reach publicly traded status. Just prior to day one of trading, a lot of our behind the scenes support is occurring. Any disclosure on our part about our clients or their behind the scenes activity would run the risk of disrupting the process. With that in mind, please note that our formal filings will reflect more detail as it relates to our first three clients and the corresponding revenue streams. We want to thank you for your questions concerning this topic and we hope that this answer was helpful. We will provide more information for the investment community soon."
^Pay attention to the last part, "We will provide more information for the investment community soon." indicating that new press release is in the near future.
So buy the dips, ignore the emotions, and play the facts.
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