1PM Industries, Inc. Transitions into New Business Model
California (FSCwire) - 1PM
Industries, Inc. (OTC: OPMZ) announced today that the Company has
transitioned into a new business model in the best interest of the
company and the shareholders.
CEO Joseph Wades stated, “For
years the management team of 1pm Industries has done one thing in
particular very successfully and that’s helping private companies
achieve publicly traded status. There is significant revenue
generated from the process of taking a company public with multiple
revenue streams being generated from each account. Had we
remained on our former business trajectory, it would have taken all
year or more to generate the revenue that we recently generated
from just one client. Instead of continuing our efforts as a
private endeavor, we have decided to roll all of our activities
related to helping private companies achieve publicly traded status
into 1pm Industries, Inc. and that will become our primary focus
for the long term.”
Mr. Wade went on to say, “I want
our shareholders to know that this is an extremely positive move
for the company. Collectively, we have over 18 years of
experience helping companies to go public. Per our recent 8K,
we generated $1.3M on just one client contract. We are
reasonably confident in our ability to generate a minimum of $4M in
revenue this year and that number could be as high as $6M or
greater depending on a few things we currently have in the
works. There are eight separate clients that we are working
with now and all are at various stages of the process.”
Mr. Wade finished up with, “I
would like to reassure everyone that under no circumstances will we
initiate a reverse split for any reason in the foreseeable
future. What would be more likely to occur at this point
would be a reduction in the authorized shares and that is currently
under consideration. Also, as of today, for clarification, we
currently have 244,948,828 shares outstanding with 137,246,677
shares in the float. We look forward to providing more
information on our current business activities in the next few
weeks and as always, we thank you for your support.”
About 1pm
Industries: 1pm Industries, Inc. helps private
companies to become public trading entities. 1pm Industries
ensures that each client is shepherded through the process of
becoming a publicly traded entity and then acts as a consultant
until such time that the company is capable of managing the
necessary activities and requirements on their own. In many
cases, 1pm Industries locks in long term contractual agreements
even after a company is trading publicly depending on the
experience level of the management team.
Notice Regarding
Forward-Looking Statements in this press release which are
not purely historical are forward-looking statements and include
any statements regarding beliefs, plans, expectations or intentions
regarding the future. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that any such beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in our annual
and interim reports.
Contacts
1PM Industries, Inc.
(424) 253-9991
info@1pmindustries.com
To view this press release as a PDF file, click onto the following
link:
public://news_release_pdf/1pm03082017.pdf
Source: 1PM Industries Inc. (OTC Pink:OPMZ)
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