BEVERLY HILLS, CA - June 15, 2017 - InvestorsHub NewsWire - 1PM Industries, Inc. (OTC: OPMZ) provided some very favorable feedback on the 10K Filing released earlier today.
CEO Joseph Wade stated, We are very pleased with the results of our most recent filing. The company captured revenue as a result of the sale of securities in the amount of $1,607,601.00. As of February 28, 2017 the company had additional stock of various companies still being held as assets with a captured value of $12,196,847 based on the share price of each of these stocks as of closing on February 28, 2017. As a result of operating expenses combined with a one time loss from discontinued operations, the final results were a net income of $10,758,564.
Mr. Wade continued, Weve made it clear in the past that we are different type of company where our revenue is captured in a unique way vs most traditional companies so with that in mind, we can tell you that the asset value of the 12.2M in additional stock was captured on the books at a much higher price vs the price upon sale. Over the past three months, the company has captured an additional 1.6M in revenue as the result of the sale of those shares into the market with approximately $30K in real stock value still left on the books as of today.
Mr. Wade finished up with, In summary, on a calendar year basis for 2017 to date, the company has captured approximately 3.2M in revenue and as of today the company has 613,375,126 shares outstanding or an approximate share value of .0052 at just one times sales for the calendar year. As far as revenue growth for the remainder of the year is concerned, we have recently taken on additional clients and expect to capture significant revenue from each of these new accounts both on a calendar year and full year basis. We have more news forthcoming that we will share with you in the coming weeks.
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.
1PM Industries, Inc.