APT Moto Vox (PK) (USOTC:MTVX)
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5 Years : From Feb 2015 to Feb 2020
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.
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.
William Maher, SVP
APT Group, Inc.
E & E Communications
SOURCE APT Group, Inc.