1PM Industries, Inc. Transitions into New Business Model
9:00 AM ET 3/8/17 | GlobeNewswire
1PM Industries, Inc. (OTC: OPMZ) announced today that the Company has transitioned into a new business model in the best interest of the company and the shareholders.
CEO Joseph Wades stated, "For years the management team of 1pm Industries has done one thing in particular very successfully and that's helping private companies achieve publicly traded status. There is significant revenue generated from the process of taking a company public with multiple revenue streams being generated from each account. Had we remained on our former business trajectory, it would have taken all year or more to generate the revenue that we recently generated from just one client. Instead of continuing our efforts as a private endeavor, we have decided to roll all of our activities related to helping private companies achieve publicly traded status into 1pm Industries, Inc. and that will become our primary focus for the long term."
Mr. Wade went on to say, "I want our shareholders to know that this is an extremely positive move for the company. Collectively, we have over 18 years of experience helping companies to go public. Per our recent 8K, we generated $1.3M on just one client contract. We are reasonably confident in our ability to generate a minimum of $4M in revenue this year and that number could be as high as $6M or greater depending on a few things we currently have in the works. There are eight separate clients that we are working with now and all are at various stages of the process."
Mr. Wade finished up with, "I would like to reassure everyone that under no circumstances will we initiate a reverse split for any reason in the foreseeable future. What would be more likely to occur at this point would be a reduction in the authorized shares and that is currently under consideration. Also, as of today, for clarification, we currently have 244,948,828 shares outstanding with 137,246,677 shares in the float. We look forward to providing more information on our current business activities in the next few weeks and as always, we thank you for your support."
About 1pm Industries: 1pm Industries, Inc. helps private companies to become public trading entities. 1pm Industries ensures that each client is shepherded through the process of becoming a publicly traded entity and then acts as a consultant until such time that the company is capable of managing the necessary activities and requirements on their own. In many cases, 1pm Industries locks in long term contractual agreements even after a company is trading publicly depending on the experience level of the management team.