STRATEGIC RARE EARTH METALS, INC Announces Acquisition of Profitable Company
April 23 2015 - 10:09AM
InvestorsHub NewsWire
STRATEGIC RARE EARTH METALS, INC Announces Acquisition of
Profitable Company
Henderson, NV -- April 23, 2015 -- InvestorsHub NewsWire --
Strategic Rare Earth Metals, Inc. (OTC Pink:
SREH) is pleased to announce today that the company has
acquired Silverstone Auto Group based in Austin, Texas. This
acquisition will immediately enhance the profitability outlook for
the company and is projected to generate over 5 million dollars in
revenue for fiscal 2015.
This is another example of the company’s commitment to
increasing shareholder value. The company is further pleased to
advise shareholders that there is no toxic funding and no reverse
stock split planned in the foreseeable future.
Additionally the company feels that, with this new acquisition
the company is severely under-valued relative to our revenues and
our price per earnings. Based on these new figures, we feel SREH
would be properly valued at substantially higher than its current
market price.
Bill Schaefer, CEOPresident of Strategic Rare Earth Metals,
Inc., stated, "The acquisition of a profitable company like
Silverstone places SREH and our shareholders in a position to
achieve maximum long-term growth."
Forward-Looking Statement Any statements made in this press
release which are not historical facts contain certain
forward-looking statements; as such term is defined in the Private
Security Litigation Reform Act of 1995, concerning potential
developments affecting the business, prospects, financial condition
and other aspects of the company to which this release pertains.
The actual results of the specific items described in this release,
and the company's operations generally, may differ materially from
what is projected in such forward-looking statements. The company
disclaims any obligation to update information contained in any
forward-looking statement. This press release shall not be deemed a
general solicitation.
________________________________________________________________________
Contact:
Bill Schaefer, CEO/President
562-453-7643
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