Thursday, March 08, 2018 2:56:35 PM
$ADAC US Military Defense Contract Orders Push Adama Technologies Revenue toward New Monthly Record
https://finance.yahoo.com/news/us-military-defense-contract-orders-160000386.html?soc_src=mail&soc_trk=ma&_fsig=D2PTQcxAjV8Opus_C.TSMQ--
LAS VEGAS, March 08, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Adama Technologies Corp. (ADAC) announced today that they are on pace to set a new monthly sales record having already received over One Hundred Twenty Thousand dollars in the month of March in revenue from US Military Defense Contracts. This revenue stems from a freshly completed order of links that are used in the landing gear components of the F16 and F15 fighter jets. The company is anticipating another Ninety Thousand Dollars from the balance of this same contract later this month.
Harold Tanner, President of Adama Technologies, stated, "These revenue figures are extremely exciting, but these numbers only represent one of our six government defense contracts currently in production and we have three additional commercial contracts in production as well. As we continue to ship these orders, our revenues are going to continue to climb.”
Adama’s contracts are manufactured in Richmond, Utah in a 10,000 square foot facility complete with an inhouse engineering team. Mr. Tanner continued, “We are very proud to carry the label, “Made in the USA”. Alpine Industries has been in business for 50 years and we have been a company that values our customers and manufactures the very best parts for each contract and client we work with. Adama is currently experiencing a season of unprecedented growth, but we have not lost our acclaimed attention-to-detail that allows us to make every job a success.”
The Company has continued to be focused on growing its current revenue streams within Alpine Industries, a government defense contractor, as well creating new revenue streams through the development of the Company’s new, online retail outlet, CRYX, and also utilizing the Company’s technology platforms to create additional verticals and revenue centers for the Company.
About Adama Technologies Military Defense Operations
Adama Technologies completed the acquisition of Alpine Industries in November of 2016. Alpine Industries is a precision machining and aerospace manufacturing company. Since its inception in 1974, Alpine has manufactured several hundred aerospace landing gear components and other spare parts. Alpine continues to work as a US government contractor and currently holds over 15 US Military contracts with the majority of them with the US Air Force. Presently, Alpine manufactures such items as M1 Mine Clearing Blades, hypo-chlorination units, tow bridles, 60 ton jacks for the C5A, AIM-9 missile body trainers, numerous bolts and screws, drag links for the F-16 fighter planes, and many other landing gear parts. In addition to the US military, Alpine also manufactures parts for several private companies including parts for drilling components used in oil and water wells, roller-coasters, motorcycles, zip line parts, crash pads, and drilling carts.
Contact Information:
Address:
1000 N. Green Valley
Suite 380
Henderson, NV 89074
Phone: (866) 859-8697
Website: www.AdamaTechnologies.com
Disclaimer
This release contains forward-looking statements that are based on beliefs of Adama Technologies Corp. management and reflect Adama Technologies Corp.'s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of Adama Technologies Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, Adama Technologies Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release incorporates by reference the Company's filings with the SEC including 10K, 10Q, 8K reports and other filings. Investors are encouraged to review all filings. There is no assurance Adama Technologies Corp. will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company's due diligence on the potential acquisition of oil and gas assets will be favorable nor that definitive terms can be negotiated. Information in this release includes representations from the private companies referred to which has not been independently verified by the company. A downturn in oil prices would affect the potential profitability of the proposed acquisition negatively.
https://finance.yahoo.com/news/us-military-defense-contract-orders-160000386.html?soc_src=mail&soc_trk=ma&_fsig=D2PTQcxAjV8Opus_C.TSMQ--
LAS VEGAS, March 08, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Adama Technologies Corp. (ADAC) announced today that they are on pace to set a new monthly sales record having already received over One Hundred Twenty Thousand dollars in the month of March in revenue from US Military Defense Contracts. This revenue stems from a freshly completed order of links that are used in the landing gear components of the F16 and F15 fighter jets. The company is anticipating another Ninety Thousand Dollars from the balance of this same contract later this month.
Harold Tanner, President of Adama Technologies, stated, "These revenue figures are extremely exciting, but these numbers only represent one of our six government defense contracts currently in production and we have three additional commercial contracts in production as well. As we continue to ship these orders, our revenues are going to continue to climb.”
Adama’s contracts are manufactured in Richmond, Utah in a 10,000 square foot facility complete with an inhouse engineering team. Mr. Tanner continued, “We are very proud to carry the label, “Made in the USA”. Alpine Industries has been in business for 50 years and we have been a company that values our customers and manufactures the very best parts for each contract and client we work with. Adama is currently experiencing a season of unprecedented growth, but we have not lost our acclaimed attention-to-detail that allows us to make every job a success.”
The Company has continued to be focused on growing its current revenue streams within Alpine Industries, a government defense contractor, as well creating new revenue streams through the development of the Company’s new, online retail outlet, CRYX, and also utilizing the Company’s technology platforms to create additional verticals and revenue centers for the Company.
About Adama Technologies Military Defense Operations
Adama Technologies completed the acquisition of Alpine Industries in November of 2016. Alpine Industries is a precision machining and aerospace manufacturing company. Since its inception in 1974, Alpine has manufactured several hundred aerospace landing gear components and other spare parts. Alpine continues to work as a US government contractor and currently holds over 15 US Military contracts with the majority of them with the US Air Force. Presently, Alpine manufactures such items as M1 Mine Clearing Blades, hypo-chlorination units, tow bridles, 60 ton jacks for the C5A, AIM-9 missile body trainers, numerous bolts and screws, drag links for the F-16 fighter planes, and many other landing gear parts. In addition to the US military, Alpine also manufactures parts for several private companies including parts for drilling components used in oil and water wells, roller-coasters, motorcycles, zip line parts, crash pads, and drilling carts.
Contact Information:
Address:
1000 N. Green Valley
Suite 380
Henderson, NV 89074
Phone: (866) 859-8697
Website: www.AdamaTechnologies.com
Disclaimer
This release contains forward-looking statements that are based on beliefs of Adama Technologies Corp. management and reflect Adama Technologies Corp.'s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of Adama Technologies Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, Adama Technologies Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release incorporates by reference the Company's filings with the SEC including 10K, 10Q, 8K reports and other filings. Investors are encouraged to review all filings. There is no assurance Adama Technologies Corp. will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company's due diligence on the potential acquisition of oil and gas assets will be favorable nor that definitive terms can be negotiated. Information in this release includes representations from the private companies referred to which has not been independently verified by the company. A downturn in oil prices would affect the potential profitability of the proposed acquisition negatively.
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