STRATEGIC RARE EARTH METALS, INC Announces Acquisition of Profitable Company
Source: InvestorsHub NewsWire
STRATEGIC RARE EARTH METALS, INC Announces Acquisition of Profitable Company
Henderson, NV -- April 23, 2015 -- InvestorsHub NewsWire -- Strategic Rare Earth Metals, Inc. (OTC Pink: SREH) is pleased to announce today that the company has acquired Silverstone Auto Group based in Austin, Texas. This acquisition will immediately enhance the profitability outlook for the company and is projected to generate over 5 million dollars in revenue for fiscal 2015.
This is another example of the company’s commitment to increasing shareholder value. The company is further pleased to advise shareholders that there is no toxic funding and no reverse stock split planned in the foreseeable future.
Additionally the company feels that, with this new acquisition the company is severely under-valued relative to our revenues and our price per earnings. Based on these new figures, we feel SREH would be properly valued at substantially higher than its current market price.
Bill Schaefer, CEOPresident of Strategic Rare Earth Metals, Inc., stated, "The acquisition of a profitable company like Silverstone places SREH and our shareholders in a position to achieve maximum long-term growth."
