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UATG news out. UATG Increases Revenue Guidance

https://www.marketwatch.com/story/umbra-applied-technologies-group-increases-revenue-guidance-2017-12-06?siteid=nbsh

UAT Group announced today that it has amended previous projections to reflect the new impeding tax laws. UAT Group has reported significant growth of its subsidiary UAT indicating to its investors, analysts and media that revenues are increasing. For its upcoming, fiscal-first quarter of 2018, based on the pending tax law changes,UAT is providing unprecedented revenue guidance of an increase between $250,000.00 and $450,000.00 in revenue.

Chief Executive Officer, Alex Umbra stated, "With the current administrations focus on tax reform and the resurgence of manufacturing in this country over the past 10 months, we are very optimistic about further expansion and our ability to hire much needed talent".

The Business Roundtable CEO Economic Outlook Index, a composite of the country's CEO projections for sales, capital spending and hiring over the next six months, increased to 94.5 in Q3 2017, the highest level since Q2 2014, and up from 93.9 in May.

The CEO index remains above 50, exceeding its historical average of 80.3, suggesting chief executives remain confident in the U.S. economy. Plans for hiring jumped 9.9 points to 80.2 in Q3, reflecting continued confidence by the nations CEO's.

Umbra added, "The results of the survey, in my opinion, bespeak the continued confidence that CEOs have in our economy and the intended direction therein. It is imperative that we continue to push for pro-growth economic policies that create an environment conducive to further hiring and increased wage growth across all economic and demographic levels".

Executives from major companies including Coca-Cola, Cisco Systems, Honeywell and Pfizer, have stated that they would also consider using potential tax cuts to increase stock dividends or to buy back shares resulting in additional value being passed to shareholders.

Chief Financial Officer, Thomas L. Crom commented, "I think this new approach to economic growth can only serve as an accelerator for UATG's long term growth. This will help fuel expansion and revenue streams".