KANSAS CITY, Mo.,
April 10, 2014 /PRNewswire/ -- APT
Group, Inc. a propulsion technology company that manufactures and
distributes advanced, environmentally friendly transportation,
recreation and utility powersport products, today announced that it
has taken the major step to becoming a public company, traded on
the stock markets, by completing a Share Exchange Agreement with
Frozen Food Gift Group, Inc. (OTC BB: FROZ).
APT Group, Inc. comprised of American Performance Technologies,
LLC, APT Powersport & Utility Products, LLC, APT IP Holdings,
LLC and APT Real Estate, LLC, will be the only entities that remain
a part of FROZ.
"APT is poised for rapid growth through our new public company,"
said Wayne Patterson, CEO. "The
combination of our three divisions with focus on emissions testing,
disruptive fuel systems and propulsion technologies, and advanced
powersport and utility products places us in a globally unique
position only held by a few of the very largest companies. We
look forward to an exciting 2014 and an even better 2015 and
beyond."
Certain outstanding items, such as changes to the public company
name and the application for a new ticker symbol have been
initiated. These changes will be announced once they are
approved by authorities.
Among the many steps involved in a complex business transaction
such as the one executed by APT Group, Inc. and FROZ, both
companies will complete independent financial audits prior to group
consolidation. Historical financial statements as well as
projected financials will be released to our shareholders after the
audits are complete.
"APT Group, Inc. has achieved remarkable revenue and market
share growth in a short time," says Troy A.
Covey, President. "Continuing that rate of growth would
have been a challenge as a private company. We believe the
public markets provide access to a more dynamic investor community
that should propel APT's continued growth while allowing us to take
advantage of new international branding opportunities and
technology advances."
About APT Group, Inc.
APT Group, Inc. is a
Missouri registered corporation
headquartered in Kansas City and
is the holding company for the MotoVox® motorsport product line,
SmartCarb® patented fuel system, and the Sonic Flow small engine
technology lines (http://www.motovox.com/, and
http://www.powerapt.com/).
MotoVox® has become the fastest growing brand of small engine
price-point power sport products in the world, with nearly 100,000
power sport products sold to date earning nearly $25 million in less than three years of
commerce.
Forward-Looking Statements
Some statements made in
this press release are forward-looking statements, which are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. We use words such as "anticipate,"
"believe," "expect,'' "future," "intend," "plan," and similar
expressions to identify forward-looking statements. These
statements including those related to the growth of the industry
and the Company's performance, are only predictions and are subject
to certain risks, uncertainties and assumptions. Additional risks
are identified and described in the Company's public filings with
the Securities and Exchange Commission. Statements made herein are
as of the date of this press release and should not be relied upon
as of any subsequent date. The Company's past performance is not
necessarily indicative of its future performance. The Company does
not undertake, and the Company specifically disclaims any
obligation to update any forward-looking statements to reflect
occurrences, developments, events, or circumstances after the date
of such statement.
Contact
William Maher, SVP
APT Group, Inc.
InvRel@motovox.com
Paul Knopick
E & E Communications
940.262.3584
pknopick@eandecommunications.com
SOURCE APT Group, Inc.