Amplitech Group Inc (AMPG)

[Stock Sumo]

Amplitech also announced its intention to acquire the assets of SMW last week. The acquisition of SMW’s assets by Amplitech is expected to result in increased sales ($4.5-5.0 million), an increased order book ($2.1-2.5 million) and increased EBITDA ($800-900 thousand) on an annualized proforma basis, upon completion of the acquisition, which is expected by the end of July 2019. The acquisition will be funded with cash on hand and through the issue of 5 year, 6 percent interest only, promissory notes issued to the owner of SMW. As such, the acquisition is not expected to result in any issue of new Amplitech shares and should result in improved earnings per share for existing Amplitech shareholders.