PAO Group, Inc. Focusing on 2017 Growth Expansion
Initiatives
Sandusky, Ohio -- October 25, 2016 -- InvestorsHub NewsWire
-- PAO Group, Inc., (formerly known as New Wave
Holdings, Inc.) (OTC:
NWAV) recently announced as well as unveiled photos on social
media of the companys first alternative medicine clinic being built
out in Northwest Ohio.
The company is presently focusing attention towards 2017 growth
expansion initiatives that will enable the company to open a
projected ten (10) clinics within the Ohio market during 2017. CEO
Robert Weber stated, Our management team is working diligently to
be able to deliver on our goals and we are confident that we can
continue to open additional locations throughout Ohio.
Significant opportunity exists beyond this we believe, said
Weber, To reiterate, our 2017 clinic opening estimates do not
contemplate or include the potential to expand into additional
existing states that are friendly to alternative medical clinics
nor does it include states that have initiatives pending on
upcoming ballots that could positively expand our growth
potential.
The company believes that demand for services in new markets
such as Ohio will experience high growth and increased demand based
upon historical data from states that have a more mature
marketplace. In mature marketplaces, most clinics are open six (6)
days per week and have 300+/- patient visits per week on average. A
typical clinic has at least a week to 10 day waiting list and the
average clinic charges $200 per visit. As an industry
generalization, individual clinic locations can generate revenues
of $2.5mm+ per year.
Weber concluded by stating, We believe these industry revenue
projections are conservative and very achievable. We are very
optimistic about the future and look forward to providing regular,
ongoing company updates.
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Forward-Looking Statements Certain statements in this news
release may contain forward-looking information within the meaning
of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under
the Securities Exchange Act of 1934, and are subject to the safe
harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and
objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. Technical complications, which may arise, could
prevent the prompt implementation of any strategically significant
plan(s) outlined above. The Company undertakes no duty to revise or
update any forward- looking statements to reflect events or
circumstances after the date of this release.
CONTACT INFORMATION
Contact Investor Relations
PAO GROUP, INC
1-888-2PAO-GROUP
info@pao.group