10-Baggas Factory 10

[Mick Dodge]

$VMRI in acquisition talks. Valmie Resources (VMRI) in Talks with Potential Acquisition Partners

http://finance.yahoo.com/news/valmie-resources-vmri-talks-potential-050000697.html

HOUSTON, TX / ACCESSWIRE / May 19, 2015 / Valmie Resources Inc. (VMRI) announces it has identified a short list of companies that meet its criteria as potential acquisitions and is currently in talks with these businesses as it begins the evaluation process. Valmie is seeking acquisition opportunities with the potential for value-creating synergies and a strategic fit within its core focus of unmanned aerial vehicle (UAV) technology.

Coming on the heels of a successful visit to the Unmanned Systems 2015 conference organized by the Association for Unmanned Vehicle Systems International (AUVSI), Valmie will meet with emerging companies it identified at the event as well as through other sources. These companies have produced innovations, processes or technologies contributing to the growth of the aerial robotics industry.

"Valmie has committed to move beyond organic growth to a more assertive expansion by identifying companies that will best suit our goal of capturing market share within the commercial drone sector," said Gerald B. Hammack, President and CEO of Valmie. "Through these targeted acquisitions we will bolster our portfolio and identify winners early, helping them develop their technologies as we build shareholder value."

Valmie recently acquired Vertitek, Inc., a privately held tech frontrunner in the UAV sector. Vertitek is working with Valmie in the development of its V-1 Drone, which is being adapted as part of an agricultural platform for an international crop monitoring client.