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.
Contacts
1PM Industries, Inc.
(424) 253-9991
info@1pmindustries.com