Cemtrex Inc. Provides Shareholder Update
March 20 2007 - 11:00AM
PR Newswire (US)
FARMINGDALE, N.Y., March 20 /PRNewswire-FirstCall/ -- Cemtrex Inc.
(OTC:CTEX), which is engaged in selling the most advanced
instruments for emission monitoring systems, providing turnkey
services for carbon creation projects through abatement of
greenhouse gases and assisting project owners in selling their
carbon credits globally, released the following update to
shareholders. Dear Fellow Shareholders, We continue to make
considerable investment in the future of our company that will
position us in the leadership position in our respective
businesses. We are providing considerable resources for the SM4
mercury monitor test program at Trimble County being conducted by
RMR Research & Consulting Inc. We have signed several new sales
representatives to exclusively market our mercury and opacity
monitors around the country. We continue to pursue greenhouse gases
abatement projects in India, China, Mexico, South America and
Eastern Europe. We already have hundreds of installations at power
plants, cement plants, refineries and other industrial plants in
the USA for opacity monitors and/or continuous emission monitors
(CEMS). We expect to complete the Griffin purchase within the next
month. Subsequent to this acquisition, Cemtrex will have sales of
over $6.0 million on an annualized basis. Our current total
outstanding shares are approximately 262,000,000 with a float of
approximately 100,000,000 shares. Many of you are long-time
shareholders and have been very patient with your investment. We
are committed to creating a company of substance and value. We are
working to develop opportunities and products that provide Cemtrex
competitive advantages in the marketplace on a global scale. We
have always run this company from a long-term perspective, trying
not to be overly concerned about the daily swings in the share
price. I want to thank you for your support. Aron Govil CEO &
President Cemtrex Inc. URL: http://www.cemtrex.com/; Email: (516)
816-1400 Safe Harbor Statement This press release contains
forward-looking statements. Actual results could differ materially
from those projected in the forward-looking statements as a result
of a number of risks and uncertainties. Statements made herein are
as of the date of this press release and should not be relied upon
as of any subsequent date. DATASOURCE: Cemtrex Inc. CONTACT: Aron
Govil, CEO & President of Cemtrex Inc., +1-516-816-1400, Web
site: http://www.cemtrex.com/
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