Wednesday, March 08, 2017 4:25:04 PM
lately? Still under maintenance?
Sousse, WY -- January 03, 2017 – InvestorsHub NewsWire -- Aircraft manufacturer PM&E, Inc. (OTC: PMEA) announced today that they have signed all required documents and have officially closed on their much anticipated partnership agreement with ultra-light gyrocopter manufacturer, DiNelly EXOGYRO.
CEO Joseph Bourne stated, "We are pleased to announce that our business relationship with DiNelly EXOGYRO is now intact and structured for mutual long-term success. With the closing of this agreement, it is now time to get to work aggressively promoting both of our product lines. Over the coming months, we will be expanding our work force to ensure that demand is being met for the eXoGyro ultra-light units and our signature line of EVADA Aircraft.
March 1 2017
Mr. Akid continued, "Joseph has stated from day one that we are building a company of integrity and will always ensure that we are as transparent as possible with our shareholders. With that in mind, we'd like to inform everyone today that we are in communication with our Lawyers to terminate the Letter of Intent finalized with DiNelly Distribution, Ltd, which as it turns out was legally dissolved as an operating entity on December 29, 2015. The lack of transparency in the original negotiations does not align with the type of company that we have in the works and therefore, all operations and communications with DiNelly will cease immediately, our Lawyers are assessing and evaluating the damages caused to us and rest assured that we will act in the best interest of all our shareholders"
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