PRMK NEWS AH Merger Complete
ProConcept Marketing Group, Inc. (Pink Sheets:PRMK) announced it has completed the acquisition of Integrity Sales & Service, Inc., a market dealer of used trucks and Original Equipment Manufacturer of farm production equipment.
Under the terms of the merger agreement, Mr. David Pfister has now been appointed Chief Executive Officer of the Company, Mr. Jacob Graber has been appointed as the Chief Operations Officer, with Mr. David Price as the Corporate Secretary.
Mr. Pfister commented, "We are very pleased to have closed this merger agreement to bring public Integrity Sales & Services to expand our scope and long term expansion plans in the used truck and farm equipment business."
High Farm Commodity Prices
Rises in crop and commodity prices over the last several years have produced very strong business for the company, and industry as a whole, as farms look to take advantage of high crop prices by purchasing additional farm equipment to increase production.
In addition, the longer-term trend of acreage production and increases in new agriculture technology has also help increase our business, and positioned Integrity Sales & Services strongly for the current fiscal year and years to come.
Farm Equipment Demand
High commodity prices have driven farm machinery demand up. Where as five years ago a new tractor could be purchased and delivered in a few weeks, now the wait times are in the months and farmers have grown impatient with the lack of equipment in the marketplace.
As prices on new equipment have increased, our business has grown steadily by providing them refurbished trucks and trailers with a turn around time of just a few days building them to spec for the farmers and trucking company needs.
About Integrity Sales & Services, Inc.
Integrity Sales & Service, Inc. is a commercial market dealer of used trucks and trailer sales, service, and parts from makers like Ford, International, Freightliner, Volvo and others. The Company carries heavy duty inventory including used expedite, box, dump, grain and flatbed trucks, semi tractors, trailers, hot shots, light duty automobiles, and bucket trucks, with a large focus on the agriculture service market in the region. www.99trucks.com
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This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.
