Global Earth Energy, Inc.'s (GLER) Partner Hawk Manufacturing Provides Forecast
November 22 2013 - 1:00PM
Global Earth Energy, Inc.'s (OTCQB:GLER) partner Hawk Manufacturing
(HAWK) provides business forecast. HAWK works steadily and
aggressively on future acquisitions within a number of different
business segments.
GLER reports that HAWK management is currently working on three
acquisitions in the aerospace business totaling at least $15
million in 2013 revenues and $5 million in profits. These companies
have long term contracts (through 2017), with Boeing and Airbus
suppliers who work on such projects as the 737MAX, 737, A350, A320
and 787 as well as other aircraft. These companies also have long
term arrangements with Lockheed, Honeywell, Rockwell Collins and
Northrop Grumman, Boston Scientific and work on various projects
like the J2X rocket engine.
Further HAWK reports working on the acquisition of a vertically
integrated ship building company that has seen revenues grow by
more than 40% year over year and profits growth of over 46%. This
company has seen a resurgence of activity because of the oil and
gas industry needing new ways to move products and the Jones Act
requiring work on ships in US waters be worked on by US repair
facilities. This Ship building/repair company has 50 acres of
undeveloped land to grow its operations further to meet current and
expected demand increases.
HAWK has been evaluating a location to build a new 50,000 sq. ft
manufacturing facility, whereas HAWK's management team has been
working diligently with numerous economic development authorities
in various states for such a strategic location for this facility.
Upon completion of this facility, HAWK believes it will create new
jobs and tax revenues for that state and its local
municipality.
John Ragsdale, CEO, Hawk Manufacturing states, "We continue to
be aggressive in finding good acquisitions that have bottom-line
earnings and established markets. HAWK continues to increase its
balance sheet positively which will enable us to complete and
compete for large acquisition targets. We are confident that we can
close on these acquisitions in a very near time frame."
HAWK intends to use existing credit facilities for more than $10
million to complete transactions and intends to work with various
states and local governments and finance authorities on tax
incentives, and direct benefits that could top more than $40
million over the life of the company. When combined, these
acquisitions would allow for the sharing of resources and provide
customer diversification opportunities.
GLER will continue to provide updates on all aspects of HAWK's
business fundamentals as that information becomes
available.
For more information about Global Earth Energy contact Rich
Kaiser, YES INTERNATIONAL, Business Consultant, 757-306-6090.
For more information about Hawk Manufacturing contact John M.
Ragsdale, CEO, Hawk Manufacturing, 843-817-6106.
This news release contains forward-looking statements involving
known and unknown risks, delays, and uncertainties not under the
Company's control which may cause actual results, performance or
achievements to be materially different from the results,
performance or expectations implied by these forward-looking
statements.
CONTACT: Rich Kaiser
YES INTERNATIONAL
757-306-6090